Airport Quick Service Restaurants Market Size (2024 - 2029)

The airport quick service restaurant market is projected to experience growth driven by increasing air passenger traffic and rising in-flight catering costs, which have spurred demand for the bring your own food concept, especially among economy class travelers. This trend is expected to contribute to the expansion of quick-service restaurants within airports. Additionally, shifts in consumer consumption patterns and investments in airport infrastructure, including new terminals and airports, are likely to create further opportunities for market growth. However, challenges such as stringent airport regulations, logistical issues, and menu limitations may impede the market's expansion during the forecast period.

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Market Size of Airport Quick Service Restaurants Industry

Airport Quick Service Restaurants Market Summary
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

Airport Quick Service Restaurants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Qatar
Rest of Middle East and Africa
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Airport Quick Service Restaurants Market Size Summary

The airport quick service restaurant market is poised for growth, driven by increasing air passenger traffic and the rising costs of in-flight catering, which have popularized the bring your own food (BYOF) concept, especially among economy class travelers. This trend is expected to bolster the demand for quick-service restaurants at airports. Additionally, shifts in consumer consumption patterns and significant investments in airport infrastructure, including the construction of new terminals and airports, are anticipated to create new opportunities for concessionaires. However, the market faces challenges such as stringent airport regulations, logistical issues, and menu limitations, which could impede growth. The fast food and meals segment is particularly expected to thrive, fueled by the growing middle-class income, increased air travel, and evolving dietary preferences, leading to a preference for quick meals over in-flight options.

The Asia-Pacific region is expected to dominate the airport quick service restaurant market, driven by the development of aviation infrastructure and a surge in air passenger traffic. Countries like China, India, Singapore, Thailand, and Indonesia are experiencing rapid growth in passenger numbers, prompting investments in airport modernization and new constructions. This growth in aviation infrastructure is likely to increase commercial aircraft operations, creating more business opportunities for global food chains and regional restaurants to expand their presence in airports. The market is characterized by fragmentation, with major players like Subway, Starbucks, Domino's, Burger King, and McDonald's holding significant shares. These companies are adapting to consumer preferences and expanding into new regions, while smaller players are forming partnerships to capture market share. Recent developments, such as McDonald's opening an airport drive-thru in India and SSP Group introducing a Vietnamese concept in Singapore, highlight the dynamic nature of the market.

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Airport Quick Service Restaurants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Fast Foods and Meals

      2. 2.1.2 Beverages

      3. 2.1.3 Bakery and Confectionery

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 United Kingdom

        2. 2.2.2.2 Germany

        3. 2.2.2.3 France

        4. 2.2.2.4 Italy

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 India

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 Latin America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Rest of Latin America

      5. 2.2.5 Middle East and Africa

        1. 2.2.5.1 United Arab Emirates

        2. 2.2.5.2 Saudi Arabia

        3. 2.2.5.3 Qatar

        4. 2.2.5.4 Rest of Middle East and Africa

Airport Quick Service Restaurants Market Size FAQs

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.

In 2024, the Airport Quick Service Restaurants Market size is expected to reach USD 486.54 billion.

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