Part

01

*of two*

Part

01

## Fast-Food Restaurants Future Growth

The quick-service segment of the restaurant industry in the United States, also known as the fast-food segment, is expected to increase from $252.09 billion in 2020 to reach $328.41 billion by 2030. Between 2017 and 2019, sales had grown at a compound annual growth rate (CAGR) of 2.68%.

### Quick-Service Restaurant Sales: Growth Rate

- Growing at a growth rate of 3.2%, quick-service restaurant sales increased from $239.1 billion in 2018 to reach $246.7 billion in 2019.
- In 2017, sales in quick-service restaurants accounted for $234 billion.
- CAGR calculation: Using this CAGR calculator, the CAGR between 2017 and 2019 was calculated by putting these entries: Ending value:
- Beginning value: 2017 market size = 234,000,000,000
- Ending value: 2019 market size = 246,700,000,000
- Number of years from 2017 to 2019: 2 years
- Based on these figures, the calculator states that the CAGR between 2017 and 2019 is 2.68%

### Quick-Service Restaurant Projected Sales

- Between 2009 and 2017, "the industry has grown at a steady pace." Given this fact, we assumed that sales are growing at the same CAGR (2.68%) between 2020 and 2030.
- Using this reverse CAGR calculator, the projected market size for 2020 was calculated by putting these entries:
- Starting value is 239,100,000,000 (2018)
- CAGR is 2.68%
- Number of periods is 2 (years). The number of years is calculated by subtracting 2020 from 2018.
- Based on these figures, the calculator states that the 2020 sales would be around $252,090,000,000 or $252.09 billion.
- Using the same calculation, we calculated in the attached spreadsheet the projected sales over the next 10 years:
- 2021: $260.10 billion
- 2022: $265.78 billion
- 2023: $274.23 billion
- 2024: $280.22 billion
- 2025: $289.13 billion
- 2026: $295.44 billion
- 2027: $304.84 billion
- 2028: $311.49 billion
- 2029: $321.4 billion
- 2030: $328.41 billion