Breakfast Restaurant Market Key Players, Industry Survey, COVID-19 Impact and Forecast Report till 2028
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.
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.
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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.
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Breakfast Restaurant Market Report Highlights
North America dominated the global industry with a revenue share of more than 57% in 2020 due to
the high purchasing power of consumers in the U.S. and Canada
As the North America market presents attractive opportunities for the consumer goods sector, it is
projected to show considerable growth over the forecast period
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