Airport Quick Service Restaurants Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 486.54 Billion |
| Market Size (2029) | USD 582.06 Billion |
| CAGR (2024 - 2029) | 3.65 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Airport Quick Service Restaurants Market Analysis
The Airport Quick Service Restaurants Market size is estimated at USD 486.54 billion in 2024, and is expected to reach USD 582.06 billion by 2029, growing at a CAGR of 3.65% during the forecast period (2024-2029).
The increasing growth in terms of air passenger traffic and the increasing prices for in-flight catering have led to a significant rise in the demand for a new concept of bringing your own food (BYOF), particularly for passengers flying economy class. Moreover, the demand for the BYOF concept is anticipated to drive the growth of quick-service restaurants in the airport during the forecast period.
Moreover, changes in consumer consumption patterns and the increasing investments in airport infrastructure for the construction of new terminals and new airports in various countries around the world to cater to the needs of growing passenger traffic are anticipated to generate new opportunities for the concessionaire in the coming years.
On the other hand, stringent regulations of airport authorities, problems in logistics, and limitations in the menus of the restaurants are expected to hamper the growth of the airport quick-service restaurants market during the forecast period.
Airport Quick Service Restaurants Market Trends
Fast Foods and Meals Segment Will Showcase Remarkable Growth During the Forecast Period
The fast food and meals segment is anticipated to show significant growth in the market during the forecast period. The increasing income of the middle-class population in various countries around the world, the growing number of air travel passengers, and changes in dietary patterns and food habits have led to an increased preference for fast foods in recent years. Moreover, the growing prevalence of fast food in the aviation industry, where passengers can grab a quick meal from any of the major fast food outlets located at various airports around the world, is leading to an increase in business opportunities for fast food outlet owners. In addition, this increasing business opportunity has led more and more fast-food shop owners to set up new outlets at various major airports worldwide in recent years.
Currently, the fast foods and meals segment is witnessing significant growth owing to the increased menu options for the passengers, and this has led to various air passengers opting for grabbing a quick bite at a fast-food outlet rather than spending extra amount in order to purchase the food which is being served on board the aircraft. Thus, the increasing number of passenger flights and the high penetration of low-cost carriers within the aviation industry will have a positive outlook and lead to growth in the fast-food segment as the preferred segment of choice during the forecast period.
Asia-Pacific Dominates the Market During the Forecast Period
Asia-Pacific held the highest shares in the market and continued its domination during the forecast period. An increase in the development of aviation infrastructure of various countries in the Asia-Pacific region, coupled with an increase in the number of commercial aircraft, growth in passenger traffic, and an increase in the number of aircraft deliveries within the region, will lead to significant growth in the demand for airport quick service restaurants in the near future.
Air passenger traffic in countries like China, India, Singapore, Thailand, and Indonesia has been growing rapidly in the past few years. This rapid growth in passenger traffic is forcing governments and airport operators to invest in the modernization and upgrade of existing airports, along with the construction of new airports. According to CEIC data, air passenger traffic in 2022 for China, India, Singapore, Thailand, and Indonesia was 251.71 million, 9.71 million, 32.2 million, 38.78 million, and 69 million, respectively.
Currently, various airport infrastructure developments are happening in the Asia-Pacific region in order to accommodate the growing number of air passenger traffic. For instance, in February 2023, China announced a new mega airport in Nantong, which will be designed with two long-distance runways that can handle an annual throughput of 40 million passengers. Moreover, the state-owned Shanghai Airport Authority will jointly build and run the new flight hub with the government-owned Nantong City Construction Development. In another instance, in February 2023, a new Bhiwadi Greenfield International Airport will be opening in the Alwar district of Rajasthan.
Growth in aviation infrastructure will lead to the growth in the number of commercial aircraft operations within the Asia-Pacific region, which will lead to an increase in the number of business opportunities and thus will ultimately lead to new regional restaurants and global food chains to partnering with the airport and government-approved concessionaire and expand their operations into new airports thereby driving market demand during the forecast period.
Airport Quick Service Restaurants Industry Overview
The airport quick service market is fragmented in nature, with the presence of major players holding significant shares. Some prominent players in the market are Subway IP LLC, Starbucks Coffee Company, Domino's IP Holder LLC (Jubilant Foodworks Limited), Burger King Company LLC, and McDonald's.
Various companies in the market are now looking to offer different choices to match consumer tastes and preferences. Moreover, global food chain companies can quickly penetrate new regions due to their high brand value and identity. On the other hand, small-scale and regional restaurants will enter into partnerships with already-existing players to grow and capture market share soon.
Airport Quick Service Restaurants Market Leaders
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Subway IP LLC.
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Starbucks Coffee Company
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Burger King Company LLC.
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McDonald's
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Domino's IP Holder LLC. (Jubilant Foodworks Limited.)
*Disclaimer: Major Players sorted in no particular order
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Airport Quick Service Restaurants Market News
August 2023: McDonald's India announced the launch of the nation’s first-ever Airport Drive-Thru Restaurant in Mumbai, which is strategically located just 100 meters from Terminal 2 (T2) of the Chhatrapati Shivaji Maharaj International Airport (CSMIA).
March 2023: SSP Group, which is a leading operator of food and beverage outlets in travel locations worldwide, announced that it partnered with Les Amis Group to bring the Vietnamese concept, NamNam, to Changi International Airport (SIN), Singapore.
Airport Quick Service Restaurants Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers/Consumers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Fast Foods and Meals
- 5.1.2 Beverages
- 5.1.3 Bakery and Confectionery
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 Germany
- 5.2.2.3 France
- 5.2.2.4 Italy
- 5.2.2.5 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 Japan
- 5.2.3.3 India
- 5.2.3.4 South Korea
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 Latin America
- 5.2.4.1 Brazil
- 5.2.4.2 Rest of Latin America
- 5.2.5 Middle East and Africa
- 5.2.5.1 United Arab Emirates
- 5.2.5.2 Saudi Arabia
- 5.2.5.3 Qatar
- 5.2.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Subway IP LLC
- 6.2.2 Burger King Company LLC
- 6.2.3 McDonald's
- 6.2.4 Yum! Brands, Inc.
- 6.2.5 Starbucks Coffee Company
- 6.2.6 Domino's IP Holder LLC (Jubilant Foodworks Limited.)
- 6.2.7 BR IP Holder LLC
- 6.2.8 Haldiram's India Pvt Ltd
- 6.2.9 Cafe Coffee Day
- 6.2.10 Devyani International Limited.
- 6.2.11 Costa Limited
- 6.2.12 Wow! Momo Foods Private Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAirport Quick Service Restaurants Industry Segmentation
A quick-service restaurant is defined as a restaurant that offers certain food items with minimal preparation time and is delivered through quick services. Moreover, a quick service restaurant is categorized by fast service, a casual atmosphere, limited seating, and a focused menu. Over the past few years, quick-service restaurants have witnessed significant growth. In addition, a quick-service restaurant efficiently serves inexpensive meals that are always prepared uniformly. The meals are packaged so they can be eaten on the go, either taken away, delivered to the customer, or devoured in-store when seating options are limited.
The airport quick-service restaurant market is segmented by type and geography. By type, the market is segmented into fast foods and meals, beverages, bakery, and confectionery. The report also covers the market sizes and forecasts for the airport quick-service restaurant market in major countries across different regions. The market size is provided for each segment in terms of value (USD).
| Type | Fast Foods and Meals | |
| Beverages | ||
| Bakery and Confectionery | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Qatar | ||
| Rest of Middle East and Africa |
Airport Quick Service Restaurants Market Research Faqs
How big is the Airport Quick Service Restaurants Market?
The Airport Quick Service Restaurants Market size is expected to reach USD 486.54 billion in 2024 and grow at a CAGR of 3.65% to reach USD 582.06 billion by 2029.
What is the current Airport Quick Service Restaurants Market size?
In 2024, the Airport Quick Service Restaurants Market size is expected to reach USD 486.54 billion.
Who are the key players in Airport Quick Service Restaurants Market?
Subway IP LLC., Starbucks Coffee Company, Burger King Company LLC., McDonald's and Domino's IP Holder LLC. (Jubilant Foodworks Limited.) are the major companies operating in the Airport Quick Service Restaurants Market.
Which is the fastest growing region in Airport Quick Service Restaurants Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Airport Quick Service Restaurants Market?
In 2024, the North America accounts for the largest market share in Airport Quick Service Restaurants Market.
What years does this Airport Quick Service Restaurants Market cover, and what was the market size in 2023?
In 2023, the Airport Quick Service Restaurants Market size was estimated at USD 468.78 billion. The report covers the Airport Quick Service Restaurants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Airport Quick Service Restaurants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Airport Quick Service Restaurants Industry Report
Statistics for the 2024 Airport Quick Service Restaurants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Airport Quick Service Restaurants analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
