Global Fast Food Market is valued approximately at USD 545.4 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2019-2026. Fast food can be defined as a substitute to home-made meals which can be prepared quickly, easily accessible, and served. Fast food contains less amount of nutrition value as compared to other food products and dishes. These foods are high in sugar, sodium, and fat, which may cause health-related problems, and obesity. Fast food contains bulk of calories and no rarer micronutrients. Fast food is mainly served in a restaurant or store with precooked or preheated ingredients and served to the customer in a wrapped form for take away or drive through. growing urbanization and increasing per capita disposable income, changing lifestyle followed by changing eating habits of consumers as well as continuous product launches by the manufacturers offering a wide range of fast food products are the few factors responsible for growth of the market over the forecast period. For instance, as per company's news release in August 2019, Burger King launched its plant-based Impossible Whopper nationwide. Impossible whopper will be meatless and vegan burger, available at more than 7,000 locations. However, consumer health awareness, especially obesity is the major factor restraining the growth of global Fast Food market during the forecast period.
The regional analysis of global Fast Food Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high disposable income and consumer eating patterns in this region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.
Major market player included in this report are:
McDonald's
Hardee's
Pizza Hut
Domino's Pizza
Burger King
KFC
Subway
Dunkin Donuts
Firehouse Subs
Auntie Anne's
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Burgers & Sandwiches
Pizzas & Pasta
Chinese Food
Fried Chicken
Others
By Distribution Platform:
Quick Service Restaurant (QSR)
Street Vendors
Food Delivery Services
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Fast Food Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
