Breakfast Restaurant Market Size to Reach $49.82 Billion by 2028 Driven by Growing Demand for Takeout Menus, Fast Food Items and Rising Health Concerns | million ideas
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According to a new report available from Million Insights, the global Breakfast Restaurants Industry report provides an in-depth analysis of global market size, regional and country level market size, competitive landscape, market impact of national market players and optimization of the value chain. The Breakfast Restaurants market is segmented by Types, Manufacturers, Applications, and Regions.
The Global Breakfast Restaurant Market The size is expected to reach USD 49.82 billion by 2028, registering a CAGR of 6.8% over the forecast period, according to a new report by Million Insights. Growing health issues make breakfast an important meal of the day. This is leading to the massive adoption of breakfast by consumers in various countries like the United States and the United Kingdom. In these regions, approximately 40% of restaurants offer breakfast menus, which has created a potential growth opportunity for the market.
Restaurants have observed that the inclusion of a varied breakfast menu with its all-day availability acts as a growth factor leading to increased revenue. The availability of a variety of beverages like fruit or vegetable juices and smoothies and freshly ground coffee is also believed to drive the market. Rapid globalization is also responsible for the growth of this market. Globalization has resulted in the migration of labor from different cultures, creating demand for regional foods.
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The quick-service restaurant (QSR) segment contributed the highest revenue share of 60% in 2020 due to its growing popularity of QSRs across the globe. It is also known as fast food hotels. QSRs primarily focus on limited table service and fast food services, excluding takeout. They are mostly part of hotel chains like KFC, McDonald’s and others.
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Breakfast Restaurants Market Report Highlights:
• North America led the global industry with a revenue share of over 57% in 2020 due to high consumer spending power in the US and Canada
• As the North American market presents attractive opportunities for the consumer goods sector, it is expected to show considerable growth during the forecast period
• On the other hand, Asia Pacific is estimated to be the fastest growing regional market from 2021 to 2028
• The growth of the APAC market can be attributed to the growing number of breakfast hotels in countries like China and India
• The quick service category segment accounted for the highest revenue share in 2020. However, the fast food category segment is expected to register the maximum CAGR from 2021 to 2028.
• Establishing partnerships to undertake sustainable developments and new product launches are some of the strategies that should be used by industry players to gain competitive advantage
Segmentation of the breakfast restaurant market
Million Insights has segmented the global breakfast restaurant market based on category and region:
Breakfast Restaurant Category Outlook (Revenue, USD Million, 2017 – 2028)
- Quick Service Restaurant (QSR)
- Fast casual restaurant
Breakfast Restaurant Regional Outlook (Revenue, USD Million, 2017-2028)
- North America
- Asia Pacific
- Central and South America
- Middle East and Africa
List of Breakfast Restaurant Market Key Players
- Chipotle Mexican Grill, Inc.
- Panera Bread Company
- McDonald’s Corp.
- Yum! Marks, Inc.
- Burger King
- Hotel Kimpton La Peer
- Shake Shack, Inc.
- Boston Market Corp.
- Dine Brands Global, Inc.
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