Global QSR market to reach $520b by 2033: report
Expansion driven by delivery, cloud kitchens and store growth.
The global QSR market is projected to expand to $520b by 2033 from $320b in 2024, reflecting sustained momentum across developed and emerging economies, according to a Market Research Intellect report.
The forecast implies a compound annual growth rate of 4.7% over the 2026-2033 period.
Market Research Intellect attributed growth to high consumer spending on fast food and continued expansion of QSR store networks, alongside the rising penetration of international brands into new regional markets.
It said these factors are supporting demand across both mature and developing economies.
Investments in cloud kitchens and online delivery platforms are also contributing to market expansion, the report said.
Operators are increasingly using these formats to extend reach, improve cost efficiency, and capture off-premise demand.
The report added that value-based meal offerings remain a key strategy for driving traffic and revenue growth, particularly amidst cost-conscious consumer behaviour.
These initiatives, combined with network expansion and digital channels, are expected to underpin market growth through the forecast period.
