Global Fast Food Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Fast Food Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global fast food market report has been segmented on the basis of product type, distribution channel, and the region.
Global Fast Food Market: Overview
Fast food or junk food refers to food that can be prepared and served or eaten quickly. It is mainly consumed at a casual-dining restaurant or drive-thru and delivery service. Common fast food type includes pizza, pasta, sandwiches, noodles, burger, chicken, sea-food items and others.
Global Fast Food Market: Dynamics
Increasing demand for ready-to-go food products along with increasing fast food restaurants are some major factors expected to drive revenue growth of the global market over the forecast years. In addition, increasing inclination towards western fast food brands such as McDonald's, Dairy Queen, KFC, and Dominos is anticipated to boost growth of the global fast food market. In addition, technological advancements in customized food fabrication as well as in food packaging are some factors expected to fuel growth of the target market. Furthermore, rapid urbanization, industrialization, economic growth, increasing population especially young working population, are some of the factors driving growth of the global market.
A recent trend observed in the target market is increasing consumer preference towards online shopping and e-commerce activities, owing to the easy availability of various products and brands, easy accessibility, and affordability which in turn expected to propel growth of the global fast food market over the forecast period. In addition, changing customer needs and the introduction of new product variants and flavors are some factors expected to create lucrative growth opportunities for the manufacturers over the forecast period.
However, increasing regulations regarding food safety along with increasing health awareness are some factors expected to hamper growth of the target market to a certain extent.
Global Fast Food Market: Segment Analysis
Among the product type segments, the burger/sandwich segment is expected to account for major revenue contribution in the global market.
Among the distribution channel segments, the quick service restaurant segment is projected to register a significant growth rate over the forecast period.
Global Fast Food Market: Regional Analysis
The market in North America is expected to account for a major share in terms of revenue in the target market. This is primarily attributed to consumer eating patterns along with rising food and beverage spendings in countries such as the US and Canada. Asia Pacific fast food market is expected to register the highest CAGR over the forecast period, due to the rising disposable income level and increasing fast food popularities in the region. In addition, growing number of quick service restaurant (QSR) chains, changing consumer preferences, and modern lifestyle of people are some of the other factors expected to drive growth of the fast food market in North America.
Global Fast Food Market Segment Analysis:
Segmentation by product type:
Segmentation by Distribution Channel:
- Quick Service Restaurant (QSR)
- Street Vendors
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hardee's Food Systems Inc.
- Pizza Hut
- Domino’s Pizza, Inc.
- Burger King
- Dunkin’ Donuts
- Firehouse of America, LLC
- Auntie Anne’s
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