𝐇𝐨𝐰 𝐛𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 Global 𝐟𝐚𝐬𝐭 𝐟𝐨𝐨𝐝?
The global fast-food market size was valued at $647.7 billion in 2021 and is likely to surpass $998 billion by the end of 2028 with a compound annual rate of 4.6% over the forecast years. The report facilitates in-depth insights into the key growth drivers, emerging trends, restraints, challenges, and opportunities in the global market. Furthermore, investor and stakeholder space is well elaborated in the repertoire.
Fast food is characterized as being prepared and served quickly. It serves as an alternative to food prepared at home. Fast food is frequently utilized in eateries, lodging facilities, and fast-food outlets. Additionally, it makes food preparation and preservation simple. Rapider globalization and urbanization are blamed for the increase of restaurants and hotels, which is projected to have a positive impact on the market for fast food. Additionally, rising consumer health consciousness and rising demand for wholesome food are driving the market's expansion. Concerns about fast food have also increased. Fast-food consumption has been linked to obesity, overweight, and other health problems, according to studies.
𝘎𝘌𝘛 𝘍𝘙𝘌𝘌 𝘚𝘈𝘔𝘗𝘓𝘌 𝘗𝘋𝘍 𝘙𝘌𝘗𝘖𝘙𝘛 @ https://www.zionmarketresearch.com/sample/fast-food-market
Market Segmentation OF Global Fast Food Market
The global fast-food market is segmented as follows:
By end-user
Quick-service restaurants
Fast-casual restaurants
By product
Seafood
Latin American food
Chicken
Sandwich
Burger
Pasta
Pizza
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
List of Prominent Players in the Global Fast Food Market:
Doctor's Associates, Inc.
Inspire Brands, Inc.
Yum Brands Inc.
Restaurant Brands International, Inc.
McDonald's
Jack in the Box, Inc.
Firehouse Restaurant Group, Inc.
CKE Restaurants Holdings, Inc.
Domino's Pizza, Inc.
Auntie Anne's Franchisor SPV LLC.
Browse Press Release @ https://www.zionmarketresearch.com/news/fast-food-market
COVID-19 IMPACT:
The food and restaurant industries have been badly hit by the COVID-19 outbreak. Consumer spending declines and supply chain hiccups have a significant impact on the business.
Additionally, the increasing consumer awareness of the benefits of eating healthy foods had an impact on market expansion throughout the pandemic.
Due to an increase in fast-food franchises and rising demand for online meal deliveries, the market is anticipated to restore its demand after the pandemic.
Additionally, the growing working population is promoting market expansion.
Highlights of the Fast Food Market Report
The market is divided into Quick Service Eateries (QSRs), fast-casual restaurants, and others based on end-user.
Due to the growing demand for international cuisines, the QSRs end-user segment accounted for the biggest revenue share of the global market in 2020.
North America dominated the regional market in 2020 due to the region's high levels of disposable income and demand for new culinary flavors.
On the other hand, Asia Pacific is predicted to experience the quickest growth rate during the projection period.
This expansion can be attributed to the elements that fuel the demand for fast food, such as increased urbanization, discretionary income, and favorable demographics.
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