Press release
Trends Reshaping the Fast Food Market
Global Fast Food Market Report Scope:
• Market Size (2029): USD 924.16 thousand units
• Market Size (2024): USD 741.25 thousand units
• CAGR (2024 to 2029): 4.6%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Type, Distribution Platform and Region
• Geographies Covered: North America, Europe, APAC, Latin America, Middle East & Africa
• Key Market Players Profiled: McDonald's Corporation (U.S.), Burger King Worldwide, Inc. (U.S.), Domino's Pizza Inc. (U.S.), Yum! Brands Inc. (U.S.), Jack in the Box Inc. (U.S.), KFC, Wendy's International Inc. (U.S.), Doctor's Association Inc. (U.S.) and others. Are playing a dominant role in the global Fast Food Market.
The rising number of working-class people in both developed and developing countries is accounted for in prompting the growth rate of the fast food market. The consumption rate of fast food has incredibly increased over the years as many people rely on eating fast food due to their busy lifestyle schedules. This generation of people does not have time to prepare food in their day-to-day life due to their hectic schedule and go for fast-food products. Along with this, the penetration of the e-commerce platform to deliver food products to doorsteps is adding fuel to the fast-food market. A person can easily order food through mobile apps that deliver the ordered food items. The demand to order food through online applications increased during the lockdown time when people were completely restricted from going outside and eating their favorite food items. Of course, the demand to order food online in developed countries has been very common for many years, but the demand started to double once the COVID-19 restrictions were imposed in 2020 all over the world. Nowadays, people are more inclined to get food delivered online than in the traditional way with the growing support of digital transactions, even in emerging countries like China, India, Japan, and others. In fact, online food deliveries offer varied discounts for customers that attract many people, which steadily level up the growth rate of the market. Advanced technological developments in the food industry are additionally surging the market value enormously. Consumer preferences for a variety of food products with different styles are enabling the market players to launch innovative products according to their preferences, bolstering the market size. Collaborations between the key players and the expansion of the food industry overseas are attributed to contributing great opportunities for the market in the coming period. Rapid urbanization and people spending on food products strongly enhance the market share.
Increasing health concerns with the consumption of fast-food products is solely to degrade the growth rate of the market. Rising awareness of maintaining proper health habits by eating organic and freshly cooked foods is degrading the demand for fast foods, which is eventually hindering the growth rate of the market. Obesity, cancer, diabetes, heart-related problems, and others are common diseases nowadays, and children are more likely to have potential risks. Therefore, rising concern risk factors with fast food products among the public are impeding the market growth rate.
Browse full details of the report https://www.marketdataforecast.com/market-reports/fast-food-market
Key Insights from the Report:
• By Type, the burgers and sandwiches segment captured 37.6% of the global market share in 2023 and emerged as the largest segment in the global market.
• Based on the distribution platform, the quick service restaurants (QSR) segment dominated the market and held 51.9% of the global market share in 2023.
• Europe and North America together accounted for close to 60 of the global market share in 2023, and the domination of these regions in the worldwide market is anticipated to continue throughout the forecast period due to the presence of notable market participants and the rapid expansion of the major fast food chains in these regions.
• McDonald's Corporation (U.S.), Burger King Worldwide, Inc. (U.S.), Domino's Pizza Inc. (U.S.), Yum! Brands Inc. (U.S.), Jack in the Box Inc. (U.S.), KFC, Wendy's International Inc. (U.S.), and Doctor's Association Inc. (U.S.).
SEGMENTATION INCLUDED IN THIS REPORT:
By Type:
• Burgers & Sandwiches
• Pizzas & Pasta
• Asian/Latin American Food
• Chicken/Seafood
By Distribution Platform:
• Quick Service Restaurant (QSR)
• Street Vendors
• Food Delivery Services
• Online Food Delivery
By Region:
• North America
• Europe
• APAC
• Latin America
• Middle East & Africa
Browse Regional Reports:
North America Fast Food Market Research Report - segmented by Type, Distribution Platform, and Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-fast-food-market
Europe Fast Food Market Research Report - segmented by Type, Distribution Platform, and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, and the Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-fast-food-market
APAC Fast Food Market Research Report - Segmented By Type, Distribution Platform & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029 ) - https://www.marketdataforecast.com/market-reports/asia-pacific-fast-food-market
Latin America Fast Food Market Research Report - segmented by Type, Distribution Platform & Country (Brazil, Argentina, Chile, and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-fast-food-market
Middle East & Africa Fast Food Market Research Report - Segmented By Type, Distribution Platform, & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-fast-food-market
TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modeling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Fast Food Market, By Type
6.1.1 Burger/Sandwich
6.1.2 Pizza/Pasta
6.1.3 Chicken & Seafood
6.1.4 Asian/Latin American Food
6.1.5 Market Size Estimations & Forecasts (2024 to 2029)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Fast Food Market, By Distribution Platform
6.2.1 Quick Service Restaurant (QSR)
6.2.2 Street Vendors
6.2.3 Food Delivery Services
6.2.4 Online Food Delivery
6.2.5 Market Size Estimations & Forecasts (2024 to 2029)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Market, by Region
7.2 North America - Market Analysis (2024 to 2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Distribution Platform
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Distribution Platform
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Distribution Platform
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Distribution Platform
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Distribution Platform
8. Key Player Analysis
8.1 McDonald's Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Burger King Worldwide, Inc
8.3 Domino's Pizza Inc.
8.4 Yum! Brands Inc.
8.5 Jack in the Box Inc.
8.6 Wendy's International Inc.
8.7 Doctor's Association Inc.
8.8 KFC
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
Contact Us:
MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081
MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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