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Fast Food Market to Show Impressive Growth Rate between 2014 - 2022 | Top Key Players: McDonald’s, Hardee’s, Pizza Hut, Domino’s Pizza, Burger King, KFC, Subway, Dunkin’ Donuts

04-09-2019 08:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Fast Food Market

Fast Food Market

Fast Food Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $743,859 Million by 2022, registering a CAGR of 4.84% during the forecast period 2016-2022.

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Fast food is a term used for easily prepared, processed food served in snack bars and restaurants as a quick meal or to be taken away. It is a quick and low-price meal alternative for home-cooked food. The global fast food market is poised to witness significant growth during the forecast period, owing to increase in number of fast food restaurants and working women, rise in tech-savvy ordering options demand for international cuisines, and change in consumer taste and preference. Change in consumer taste and preference is a key impacting factor in the fast food market. However, factors such as high setup cost of restaurants and rise in health concerns among fast food consumers hamper the market growth.

Top Key Players Profiled
• McDonalds
• Hardees
• Pizza Hut
• Dominos Pizza
• Burger King
• KFC
• Subway
• Dunkin Donuts
• Firehouse Subs
• Auntie Annes.

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Based on the type of fast food, the market is segmented into burgers/sandwiches, pizza/pasta, chicken, seafood, Asian/Latin American food, and others. The Asian/Latin American food segment generated highest revenue 2015, however, the burgers/sandwiches segment is expected to grow at the highest CAGR of 6.02% to reach during the forecast period.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The North American region is expected to grow at a CAGR of 3.66% during forecast period. However, LAMEA is an emerging market for fast food and is estimated to grow at a CAGR of 7.61%.

KEY BENEFITS FOR STAKEHOLDERS
• The Asian/Latin American food segment occupied the highest share in 2015 and is estimated to grow at a high CAGR of 3.77%, in terms of value, during the forecast period.
• North America led the market for fast food, followed by Asia-Pacific, in 2015.
• The burgers/sandwiches segment is estimated to grow at the highest CAGR of 6.02%, in terms of value.
• U.S. is the leading market for fast food in the North American region, which is expected to grow at a CAGR of 3.73%, in terms of value.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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