Asian Food Industry
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Becoming a Teriyaki Madness Franchise Owner is a Great Choice
The Asian food industry is one of the fastest-growing restaurant segments in the U.S. Here’s where it’s headed, and why there’s never been a better time to invest.
Quick Service Asian Restaurants Are On The Rise!
According to the latest fast-food market analysis from Grandview Research, the current global market size is valued at $595.93 billion and is expected to grow at a compound annual growth rate (CAGR) of 5% between now and 2029. More importantly, the quick restaurant service (QSR) segment accounted for the largest revenue share of more than 44% in 2020. The segment is estimated to expand further at the fastest CAGR from 2021 to 2028 retaining the leading position.
Additionally, the Asian food segment is anticipated to register the fastest CAGR over the forecast period. Increasing demand for diverse food products is driving the growth of this segment.
Healthy, Fast Casual Dining is Booming!
Healthy millennials are demanding fast casual dining options – food that is quick, inexpensive, and healthy. In fact, 54% of Americans said that they pay more attention to eating healthy foods today compared with 20 years ago. The growing fast-casual restaurant market benefits from this because their receipts, in most cases, are double that of a traditional fast food chain. Additionally, almost a quarter of Americans stated that they had to little time to cook and prepare healthy foods, while a high 20 percent said they didn’t know how to cook healthy foods, driving them to purchase healthy meals from restaurants.
How the Booming Asian Food Industry Benefits TMAD Franchisees:
There’s no better time than now to become a Teriyaki Madness franchisee and tap into the growing demand for quick, healthy, and delicious food. Between our unbeatable franchise support, growing AUV, and healthy, customizable menu, joining the Madness is a no-brainer!
Find out more about the upfront investment and the average unit volume (AUV) of Teriyaki Madness locations.
