Overview and Scope
An airport quick service restaurant is a dining establishment typically found within airport terminals, offering travelers fast food or casual dining options. These restaurants prioritize quick service and convenience, catering to passengers looking for a swift meal or snack before their flights. They often feature a streamlined menu, efficient ordering, and limited seating to accommodate busy travel schedules.
Sizing and Forecast
The airport quick service restaurant market size has grown strongly in recent years. It will grow from 166.55 billion in 2023 to $175.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to rising air travel, changing consumer preferences, airport expansion and renovation, focus on passenger experience, partnerships and concessions, technology, and digital ordering.
The airport quick service restaurant market size is expected to see strong growth in the next few years. It will grow to $218.60 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to technology integration, rising disposable income, sustainability and health trends, regulatory environment, competition and market saturation, and global events and tourism. Major trends in the forecast period include health-conscious menus, localized cuisine, sustainability initiatives, virtual brands and ghost kitchens, personalized experiences, innovative design and technology, cultural integration, and resilience and adaptability.
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Segmentation & Regional Insights
The airport quick service restaurant market covered in this report is segmented –
1) By Type: Fast Foods And Meals, Beverages, Bakery And Confectionery
2) By Franchise Type: Branded Chains, Local Brands
3) By Restaurant: Standalone Outlet, Kiosks, Food Courts
4) By Application: Domestic Airports, International Airports
North America was the largest region in the airport quick service restaurant market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport quick service restaurant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increases in air passenger traffic are expected to propel the growth of the airport quick service restaurant market going forward. Air passenger traffic refers to the volume of passengers traveling by air within a specific period, typically measured over a day, month, quarter, or year. Air passenger traffic is rising due to the increasing accessibility of air travel, fueled by expanding airline routes. These quick-service restaurants are designed to serve customers rapidly, allowing travelers to grab a meal or snack on the go without disrupting their travel schedule. They accommodate air traffic by providing efficient, convenient, and diverse dining options for travelers, airline crews, and airport staff. For instance, in November 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), the EU witnessed a significant surge in air travel in 2022, with the total number of passengers reaching 820 million, marking a substantial increase of 119.3% compared to the previous year. Therefore, increases in air passenger traffic are driving the growth of the airport quick service restaurant market.
Key Industry Players
Major companies operating in the airport quick service restaurant market are Starbucks Corporation, McDonald’s Corporation, Subway IP LLC, Lagardère Travel Retail, Yum! Brands Inc., Chick Fil A Inc., Panda Restaurant Group Inc., Autogrill SpA, SSP Group plc, Baskin-Robbins, Wendys, Taco Bell IP Holder LLC, Burger King Company LLC, DUNKIN BRANDS, Costa Limited, HMSHost International BV, Haldiram’s India Pvt Ltd., Jubilant FoodWorks Ltd., Devyani International Limited, OTG Management, Café Coffee Day, Cakes & Bakes, Wow! Momo Foods Private Limited, Casual Food GmbH
The airport quick service restaurant market report table of contents includes:
- Executive Summary
- Airport Quick Service Restaurant Market Characteristics
- Airport Quick Service Restaurant Market Trends And Strategies
- Airport Quick Service Restaurant Market – Macro Economic Scenario
- Global Airport Quick Service Restaurant Market Size and Growth
- Airport Quick Service Restaurant Market Segmentation
- Airport Quick Service Restaurant Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Airport Quick Service Restaurant Market
- Airport Quick Service Restaurant Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Airport Quick Service Restaurant Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Airport Quick Service Restaurant Market, Segmentation By Franchise Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Airport Quick Service Restaurant Market, Segmentation By Restaurant, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Starbucks Corporation Financial Performance
Table 76: McDonald’s Corporation Financial Performance
Table 77: Subway IP LLC Financial Performance
Table 78: Lagardère Travel Retail Financial Performance
Table 79: Yum! Brands Inc. Financial Performance
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