How Has the Airport Quick Service Restaurant Market Evolved Historically and What is its Current Size?
The airport quick service restaurant market has seen considerable growth due to a variety of factors.
• The quick service restaurant market at airports has witnessed robust growth in the past few years. It is projected to expand from $175.55 billion in 2024 to $185.91 billion in 2025, showing a compound annual growth rate (CAGR) of 5.9%.
The reasons contributing to this growth during the historic period include increasing air travel frequency, shifting customer trends, airport infrastructure development and upgrades, emphasis on enhancing the passenger experience, collaborations and concessions, advancements in technology, and the rise of digital ordering.
What Is The Projected Growth Of The Airport Quick Service Restaurant Template Market?
The airport quick service restaurant market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the airport quick service restaurant industry is forecasted to deliver robust expansion in the upcoming years, reaching a valuation of $230.77 billion in 2029 with a 5.6% compound annual growth rate (CAGR). Factors contributing to this projection span from technological advancements, growth in disposable income, focus on sustainability and health, regulatory landscape, competition, market saturation to global events and tourism. The forecast period is set to witness a proliferate of trends like health-focused menus, regional food offerings, sustainability drives, emergence of virtual brands and ghost kitchens, bespoke experiences, inventive design and technology implementations, cultural blending, as well as resilience and adaptability.
What Are The Key Drivers Fueling Growth In The Airport Quick Service Restaurant Market?
The expansion of the airport quick service restaurant market is anticipated to be driven by the rise in air passenger traffic. Air passenger traffic, which refers to the number of individuals flying within a particular timeframe, such as a day, month, quarter, or year, is on the rise. This increase can be attributed to the growing availability of air travel due to the expansion of airline routes. Quick-service restaurants in airports are designed to serve customers quickly, enabling travelers to grab a quick meal or snack without impacting their travel plans. They cater to the needs of travelers, airline crews, and airport staff by offering efficient, convenient, and varied dining choices. For example, according to numbers from Eurostat, a statistical agency based in Luxembourg and serving the European Union (EU), air travel within the EU experienced a significant boost in 2022, with the total passenger volume hitting 820 million, a significant 119.3% increase from the previous year. Hence, the rise in air passenger traffic is a major factor contributing to the growth of the airport quick service restaurant market.
What Are The Principal Market Segments In The Global Airport Quick Service Restaurant Industry?
The airport quick service restaurant market covered in this report is segmented –
1) By Type: Fast Foods And Meals, Beverages, Bakery And Confectionery
2) By Franchise Type: Branded Chains, Local Brands
3) By Restaurant: Standalone Outlet, Kiosks, Food Courts
4) By Application: Domestic Airports, International Airports
Subsegments:
1) By Fast Foods And Meals: Burgers And Sandwiches, Pizza And Pasta, Asian Cuisine, Mexican And Tex-Mex, Salads And Bowls, Fried Foods (Chicken, Fries)
2) By Beverages: Coffee And Tea, Juices And Smoothies, Soft Drinks And Sodas, Energy Drinks, Alcoholic Beverages, Milkshakes And Other Specialty Drinks
3) By Bakery And Confectionery: Cakes And Pastries, Donuts And Muffins, Cookies And Biscuits, Bread And Rolls, Candy And Chocolates, Ice Cream And Frozen Desserts
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What Emerging Trends Are Influencing The Growth Of The Airport Quick Service Restaurant Market?
Key players in the airport quick service restaurant market are adopting cutting-edge technologies like airport-based pickup-only models to secure a competitive advantage. Airport-based pickup-only models refer to eateries situated within an airport terminal that solely provide food and drink for takeaway or pickup. For instance, in September 2023, Starbucks Corporation, a coffee eatery based in the United States, joined forces with OTG, an American airport hospitality group, to launch its inaugural Starbucks Pickup outlets at George Bush Intercontinental Airport, Houston. These outlets are engineered for fast and easy pickup of orders made through the Starbucks app, thereby appealing to tech-savvy travelers. This means that customers can place and pay for their orders beforehand via the app, keep track of the order status on a digital screen upon landing, and collect their items when the order is prepared.
Who Are the Key Players In The Airport Quick Service Restaurant Market?
Major companies operating in the airport quick service restaurant market are:
• Starbucks Corporation
• McDonald's Corporation
• Subway IP LLC
• Lagardère Travel Retail
• Yum! Brands Inc.
• Chick Fil A Inc.
• Panda Restaurant Group Inc.
• Autogrill SpA
• SSP Group plc
• Baskin-Robbins
• Wendys
• Taco Bell IP Holder LLC
• Burger King Company LLC
• DUNKIN BRANDS
• Costa Limited
• HMSHost International BV
• Haldiram's India Pvt Ltd.
• Jubilant FoodWorks Ltd.
• Devyani International Limited
• OTG Management
• Café Coffee Day
• Cakes & Bakes
• Wow! Momo Foods Private Limited
• Casual Food GmbH
What Are The Regional Insights Into The Airport Quick Service Restaurant Market?
North America was the largest region in the airport quick service restaurant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airport quick service restaurant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
