Global Fast Food & Quick Service Restaurant Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Fast Food & Quick Service Restaurants Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global fast food & quick service restaurants market has been segmented on the basis of type, cuisine, as well as regions and countries.

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Overview:

Fast food is a type of mass-produced food designed for commercial resale, and with a strong priority placed on the ‘speed of service’ versus other relevant factors that are involved in the culinary science. A fast food restaurant, also known as a quick service restaurant, is a specified type of restaurant that serves fast food and has minimal table service.

Dynamics:

The increasing preference of fast food among generations X, Y, and Z respectively across the world due to favorable characteristics such as increased convenience, quick service, and economical pricing, is a primary factor that is expected to continue to boost the revenue growth of the global fast food & quick service restaurants market in the foreseeable future.

The evolution of this industry’s business model to cater to the increasingly fluctuating preferences of its consumer such as, the introduction of value-added services like take-out and drive-thru’s is positively influence the demand for fast food and quick service dining options. Moreover, the snowballing trend of home delivery which is promoted through third-party providers is also slated to have a profound impact on the revenue growth of the global fast food & quick services restaurants market in the coming years.

Furthermore, to address health-related concerns regarding the increased consumption of fast food, industry players have begun to introduce and promote a wider variety of healthy ingredients in to their pre-existing menus. The surge in popularity of vegan and vegetarian diets due to the increasing awareness concerning healthier living among individuals is another factor that industry players are aiming to capitalize on, through the introduction of more plant-based food products to improve existing sales figures.

In light of the recent COVID-19 outbreak, fast food and quick service restaurants across the world have been forced to significantly reduce their existing workforce, if not, shut operations down entirely. This is slated to have an immensely negative impact on future market of this industry in the near future.

Segmentation of the global fast food & quick service restaurants market is as follows:

On the basis of type, the independent fast food & quick service restaurants segment accounted for the highest number of revenue shares of this global market in 2019, due to the incorporation of locally-sourced ingredients by players in this segment, that have been prepared to compliment local cuisines and tastes. The chain fast food & quick service restaurants segment is slated to index the fastest rate of revenue growth over the next decade.

In terms of cuisine, the American-based cuisine segment accounted for the highest number of revenue shares of this global market in 2019. However, the Turkish and Lebanese cuisine segment is expected to register the fastest rate of revenue growth over the forecast period.

Regional Segmentation and Analysis:

North America accounted for the highest number of revenue shares of the global fast food & quick service restaurants market in 2019. Although, markets in the Asia Pacific region are anticipated to index the fastest rate of revenue growth in the years to come.

Segmentation of the Global Fast Food & Quick Service Restaurants Market:

Segmentation by Type:

• Chain
• Independent

Segmentation by Cuisine:

• American
• Chinese
• Italian
• Mexican
• Japanese
• Turkish & Lebanese
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa