170 PIECES · UPDATED DAILY
From Blackstone's $8 billion Jersey Mike's deal to a private equity consortium taking Denny's private for $620 million, 2025 was a banner year for restaurant M&A. Here's what the dealmaking tells us about where franchise ownership is headed.
A new Research and Markets report pegs the global fast food market at $658.85 billion in 2025, with a projected rise to $868.19 billion by 2030 at a 5.7% CAGR. The growth is real, but the story behind the numbers is more complicated than any single headline figure suggests.
USDA projects food-away-from-home prices to rise 3.7% to 4.6% in 2026, while grocery inflation is forecast at just 1.7%. The widening gap is changing how middle-income consumers spend their food budgets, and QSR operators are caught in the middle.