Press release
Fast Food Market Worth US$ 1,105 Billion by 2027 at CAGR of 5.4% | IMARC Group
Fast food represents food items that are quick to prepare and are mainly prepared with the help of pre-cooked ingredients. These products are generally produced in advance in bulk quantities and then heated and packed for takeaway or dine-in. Fast food acts as a quicker and easier alternative to home-cooked meals. Some of the most commonly available options in the market include fries, sandwiches, burgers, noodles, pizza, etc. Fast food is served in numerous quick-service restaurants, hotels, street vendor shops, etc.
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Fast Food Market Trends
The expanding food and beverage (F&B) industry across countries and the widespread adoption of franchise business models by popular restaurant chains are primarily augmenting the fast food market. Furthermore, the emerging trend of cafe culture and the growing number of fast-food outlets, quick service restaurants (QSRs), food trucks, etc., are positively influencing the global market. Apart from this, the improving living standards of individuals are acting as significant growth-inducing factors. Moreover, the introduction of several innovative and exotic recipes by food chains that use natural, organic, and plant-based ingredients is bolstering the market growth. Besides this, the escalating demand for food ordering apps and the development of home delivery models are further catalyzing the global market. Additionally, they offer benefits, such as doorstep delivery, fast and easy ordering, discounted offers, etc., which is also stimulating the market growth. In line with this, the rising modernization of the food retail sector and the inflating need for touchscreen kiosks, kitchen-display screens, digital sales terminals, etc., are expected to fuel the fast food market in the coming years.
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List of Key Companies Covered in this Market Report:
Auntie Anne's (Focus Brands LLC)
Chipotle Mexican Grill Inc.
CKE Restaurants Holdings Inc.
Domino's Pizza Inc.
Jack in the Box
Little Caesar Enterprises Inc.
McDonald's
Papa John's International Inc.
Restaurant Brands International Inc.
Subway (Doctor's Associates Inc.)
The Wendy's Company
Yum! Brands Inc.
The report has segmented the market on the basis of product type, end user and geography.
Breakup by Product Type:
Pizza/Pasta
Burger/Sandwich
Chicken
Asian/Latin American Food
Seafood
Others
Breakup by End User:
Food-Service Restaurants
Quick Service Restaurants
Caterings
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Report by IMARC Group:
Banana Bread Market Report: https://www.imarcgroup.com/banana-bread-market
Fish Protein Hydrolysate Market Report: https://www.imarcgroup.com/fish-protein-hydrolysate-market
Oat Milk Market Report: https://www.imarcgroup.com/food-preservatives-market
Rice Noodles Market Report: https://www.imarcgroup.com/rice-noodles-market
Gummy Vitamins Market Report: https://www.imarcgroup.com/gummy-vitamins-market
Indian Onion Powder Market Report: https://www.imarcgroup.com/indian-onion-powder-market
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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