FEATURED COMPANIES
- Domino's Pizza Inc.
- Performance Food Group
- Starbucks Corp.
Additionally, the global fast-food industry is defined by a complex arrangement of activities involving supply, consumption and delivery of food products across the globe. The market revolves around burgers/sandwiches, pizza/pasta, chicken, Asian/Latin American food, and seafood based on the type. Amongst which Asian/Latin American food has been the most preferred fast food among consumers, due to its flavours and ingredients added in the products. However, the burger/sandwich attributed to increased consumer demand for taste and preferences is anticipated to advance at a tremendous rate during the forecast of the fast-food market.
COVID-19 Impact on Fast Food Industry Globally
By the end of the year 2019, due to the novel coronavirus outbreak, most consumers had started avoiding fast food to maintain careful measures. Furthermore, the operational disruptions in the hotel and food & beverages industry, and disruption in the supply chain due to the COVID-19 outbreak, have impacted the fast-food market in terms of revenue. Nevertheless, the sale is anticipated to rebound promptly in the near future.
End-User - Quick service Restaurants are the most Favoured by Consumers
Furthermore, end-users divide the fast-food market into food-service restaurants, quick-service restaurants, and catering. Quick service restaurants are the most favoured by consumers, with the increasing demand for fresh, tasty, and appealing food at affordable cost. Hence, the need for quick service restaurants is increasing. Retaining healthy and natural ingredients along with maintaining the taste also boosts the quick service restaurants market growth. As per the analysis, the Global Fast Food Industry is expected to expand at a CAGR of 7.35% from 2020-2027.
Region-wise - China and India dominate in Fast Food Consumption
The Worldwide Fast Food Market is analyzed across North America, Europe, Asia-Pacific, Middle East & Africa, and South America in this report. As per the analysis, the Asia-Pacific region is foreseen to experience high growth mainly due to increased urbanization, rise in disposable income and demand for the western lifestyle. Among the emerging economies in the Asia-Pacific, China and India dominate in fast food consumption, owing to their massive population base and growth in the number of QSRs such as McDonald's, Burger King, Wendy's, Subway, and Dunkin' Donuts.
Notwithstanding, North America attributes the high consumption of fast food in the U.S., Canada, and Mexico. Consumers in the region are attracted by fast food with new flavours, textures, and higher nutrition. Furthermore, North America, owing to a rise in disposable income, the consumers' busy lifestyle, and growth in the working women population is supporting the fast-food market. Also, in the COVID-19 era, digital payment is helping the fast-food market to expand with the help of contactless delivery options across the globe.
In addition, significant growth in fast food chains in Brazil and the rest of South America is presumed to strengthen the development of the fast-food market during the outlook period. Furthermore, South American food opened the market with bold flavours. The Middle East and Africa are likely to show sustainable growth with better living standards and discretionary incomes. As per this research study, Worldwide Fast Food Market Size was valued at US$ 538.34 Billion in 2020.
Key Players Analysis
The companies profiled in this report include Starbucks Corp., Papa John's International Inc., Domino's Pizza Inc., The Wendys Co.mino's Pizza Inc, The Performance Food Group. The players in the fast-food industry have embraced new product launches and business augmentation as their vital developmental tactics to expand their market share, increase profitability, and remain competitive in the Global Fast Food Market. For instance, Starbucks came up with the 'Future Drive-Thru Concept', and Wendy's also launched Spiced-Up Breakfast in January 2021 to augment their market for fast food.
This latest report “Fast Food Market, Global Forecast By Product Type (Pizza/Pasta, Burger/Sandwich, Chicken, Asian/Italian American Food, Seafood and Other), End User (Full-Service Restaurant, Quick Service Restaurant, Caterings and Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America), Company Analysis (Starbucks Corp., Papa John's International Inc., Domino's Pizza Inc., The Wendys Co.mino's Pizza Inc. and Performance Food Group)" provides a detailed analysis of Global Fast Food Industry.
Product Type - Global Fast-Food Market have been covered from 6 viewpoints:
1. Pizza/Pasta
2. Burger/Sandwich
3. Chicken
4. Asian/Italian American Food
5. Seafood
6. Other
End User - Global Fast-Food Market have been covered from 4 viewpoints:
1. Full-Service Restaurant
2. Quick Service Restaurant
3. Caterings
4. Others
Region - Global Fast-Food Market have been covered from 5 viewpoints:
1. North America
2. Europe
3. Asia-Pacific
4. Middle East & Africa
5. South America
All companies have been covered from 3 viewpoints:
- Overviews
- Recent Development
- Revenue
Company Analysis:
1. Starbucks Corp.
2. Papa John's International Inc.
3. Domino's Pizza Inc.
4. The Wendys Co.mino's Pizza Inc.
5. Performance Food Group
What is the estimated value of the Global Fast Food Market?
What is the growth rate of the Global Fast Food Market?
What is the forecasted size of the Global Fast Food Market?
Who are the key companies in the Global Fast Food Market?
FEATURED COMPANIES
- Domino's Pizza Inc.
- Performance Food Group
- Starbucks Corp.
- Starbucks Corp.
- Papa John's International Inc.
- Domino's Pizza Inc.
- The Wendys Co.mino's Pizza Inc.
- Performance Food Group
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
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Primary Research
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- Validates and improves the data quality and strengthens research proceeds
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- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
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