Asian Food Industry
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.
According to the latest fast-food market analysis from Grandview Research, the current global market size is valued at $593 billion and is expected to grow at a compound annual growth rate (CAGR) of nearly 5% between now and 2028. More importantly, the fast casual market is continuing its upward trajectory in the U.S. It has already boomed by 550% in the past 20 years (that’s more than 10x the growth of the fast-food industry) and is expected to experience a CAGR of nearly 11% between now and 2027.
You may also be interested to know that due to an increasing demand for diverse food products, the Asian food industry, and in particular the Asian fast food segment, is anticipated to register as the fastest CAGR over the same period of time.
Asian food industry is poised for growth in dining-out sector
Healthy millennials are demanding fast casual dining options – food that is quick, inexpensive, and healthy. In fact, 84% of them order from a restaurant at least once a week. The growing fast-casual restaurant market benefits from this because their receipts, in most cases, are double that of a traditional fast food chain. Millennials in their 20s and 30s are willing to spend a few dollars more for a larger selection of healthier options.
So, what does all this mean for TMAD?
There’s no better time than now to become a multi-unit Teriyaki Madness franchise owner and align with a brand you can be proud of. As a TMAD franchisee, you will be part of the thriving Asian food, chicken, and fast casual industries and enjoy the potential for exponential growth.