The global breakfast restaurant market 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 concerns upholds breakfast as an important meal of the day. This is leading to the huge adoption of breakfast by consumers in various countries like the U.S. and the U.K. In these regions, around 40% of restaurants offer breakfast menus, which led to the potential growth opportunity for the market.
Restaurants have observed that including a wide-ranging breakfast menu with its all-day availability acts as a growth-driving factor leading to increased revenues. The availability of a variety of drinks like fruit or vegetable juices & smoothies and freshly brewed coffee is also estimated to drive the market. Rapid globalization is also responsible for the growth of this market. Globalization has led to the migration of the workforce with different cultures creating a demand for regional foods.
The Quick Service Restaurants (QSRs) segment contributed to the highest revenue share of 60% in 2020 owing to its increasing popularity of QSRs across the globe. It is also known as fast food hotels. The QSRs mainly focus on limited table service and fast food services, apart from takeaway options. They are mostly part of hotel chains like KFC, McDonald's, and others.
The report “Breakfast Restaurant Market Size, Share & Trends Analysis Report By Category (QSR, Fast Casual Restaurant), By Region (North America, APAC), And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global breakfast restaurant market on the basis of category and region:
Breakfast Restaurant Category Outlook (Revenue, USD Million, 2017 - 2028)
Breakfast Restaurant Regional Outlook (Revenue, USD Million, 2017 - 2028)