Fast-food Market Overview
Fast-Food market is expected to grow at a CAGR of 6.08 % during the forecast period. The fast-food market is expected to reach US$ 1755.26 Bn. in 2030 from US$ 1161.20 Bn. in 2023.
Fast food is primarily described as food that can be prepared and served on the spot. One of the prevailing phenomena of the twenty-first century is the quick adoption of fast food. Because of the increased need for fast meals, new concepts such as “takeaway” or “dining on the go” have emerged.
Fast-food Market Report Scope and Research Methodology
Changing lifestyle habits, such as hectic schedules and working women, have fueled the demand for smaller meals, culminating in the growth of the fast-food market. Increase in female employment rate, resulting in less time for women to prepare meals; increase in the number of fast-food establishments, resulting in quick access to fast food and tech-savvy ordering; fuel the growth of the fast-food market.
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Fast-food Market Regional Insights
North America is estimated to dominate the global market in 2021, with a revenue share of USD 337.8 billion. This dominance can be accredited to the existence of dual-income households, rising income, increased standards of living, and more spending power of consumers. This makes the US one of the most rapidly expanding food chain markets globally.
Fast-food Market Segmentation
By product type, the fast-food market is segmented into Burgers, Sandwiches, Pizza & Pasta, Seafood, Asian and Latin American food, and others. Burgers & sandwiches comprise the major share in the product market due to their popularity and low costs. One of the fastest-growing Burger fast-food chains, McDonald’s has a presence in almost 120 countries, operating over 39,000 restaurants. With the presence of McDonald’s and Burger King, two popular fast-food chains, the segment is expected to dominate the fast-food market during the forecast period.
Fast-food Market Key Players
Auntie Anne’s Franchisor SPV LLC (Pennsylvania, United States)
Domino’s Pizza, Inc. (Michigan, United States)
Firehouse Restaurant Group, Inc. (Florida, United States)
McDonald’s (Minnesota, United States)
Pizza Hut (Texas, United States)
Starbucks (Washington, United States)
KFC (Kentucky, United States)
Taco Bell (California, United States)
Subway (Connecticut, United States)
Burger King (Florida, United States)
Chick-Fil-A (Georgia, United States)
Café Coffee Day (India)
Hesburger (Finland)
Steers (South Africa)
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Key questions answered in the Fast-food Market are:
- What is Fast-food?
- What was the Fast-food market size in 2023?
- What is the growth rate of the Fast-food Market?
- Which are the factors expected to drive the Fast-food market growth?
- What are the different segments of the Fast-food Market?
- What growth strategies are the players considering to increase their presence in Fast-food?
- What are the upcoming industry applications and trends for the Fast-food Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Fast-food Market?
- What segments are covered in the Fast-food Market?
- Who are the leading companies and what are their portfolios in Fast-food Market?
- What segments are covered in the Fast-food Market?
- Who are the key players in the Fast-food market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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