Globally, North America accounted for the significant market share of QSRs, and is estimated to lead the overall market in the years to come.
The global quick-service restaurant (QSR) market is expected to grow at a CAGR of 4.61% during 2018-2022, thanks to changing lifestyles, increased number of QSRs, growth in new infrastructures like institutes and airports and rising demand for fast food in developing countries, according to a report published by Radiant Insights, Inc., San Francisco.
However, fluctuation in the cost of raw material and strict government policy against plastic packaging may restrain overall market growth in the years to come.