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Fast Food Market, Global Forecast, Impact of COVID-19, Industry Trends, By Product Type, End-User, Growth, Opportunity Company Analysis

  • ID: 5447678
  • Report
  • September 2021
  • Region: Global
  • 115 Pages
  • Renub Research

FEATURED COMPANIES

  • Domino's Pizza Inc.
  • Performance Food Group
  • Starbucks Corp.
The global food industry has changed and developed over the decades to satisfy customer needs and consumer behaviour. Hence, fast food has found its roots in developed and developing economies with the evolution of time, which is mainly accepted based on its quick availability and taste factor. Moreover, the global vendors have successfully reached out to new consumers through product innovations, quick-fire international expansion, and improvements in the dining experience. According to the publisher, Global Fast Food Market will reach US$ 884.56 Billion by 2027.



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
Frequently Asked Questions about the Global Fast Food Market

What is the estimated value of the Global Fast Food Market?

The Global Fast Food Market was estimated to be valued at $538.3 Billion in 2020.

What is the growth rate of the Global Fast Food Market?

The growth rate of the Global Fast Food Market is 7.4%, with an estimated value of $884.6 Billion by 2027.

What is the forecasted size of the Global Fast Food Market?

The Global Fast Food Market is estimated to be worth $884.6 Billion by 2027.

Who are the key companies in the Global Fast Food Market?

Key companies in the Global Fast Food Market include Starbucks Corp., Papa John's International Inc., Domino's Pizza Inc. and Performance Food Group.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Domino's Pizza Inc.
  • Performance Food Group
  • Starbucks Corp.

1. Introduction2. Research& Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Fast Food Market
6. Market Share - Global Fast Food Analysis
6.1 By Product Type
6.2 By End User
6.3 By Region
7. Product Type - Global Fast Food Market
7.1 Pizza/Pasta
7.2 Burger/Sandwich
7.3 Chicken
7.4 Asian/Italian American Food
7.5 Seafood
7.6 Other
8. End User - Global Fast Food Market
8.1 Full-Service Restaurant
8.2 Quick Service Restaurant
8.3 Caterings
8.4 Others
9. Region- Global Fast Food Market
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Middle East & Africa
9.5 South America
10. Company Analysis
10.1 Starbucks Corp.
10.1.1 Overview
10.1.2 Recent Development
10.1.3 Revenue
10.2 Papa John's International Inc.
10.2.1 Overview
10.2.2 Recent Development
10.2.3 Revenue
10.3 Domino's Pizza Inc.
10.3.1 Overview
10.3.2 Recent Development
10.3.3 Revenue
10.4 The Wendys Co.mino's Pizza Inc.
10.4.1 Overview
10.4.2 Recent Development
10.4.3 Revenue
10.5 Performance Food Group
10.5.1 Overview
10.5.2 Recent Development
10.5.3 Revenue
List of Figures:
Figure-01: Global Fast-Food Market (Billion US$), 2016 - 2020
Figure-02: Forecast for - Global Fast-Food Market (Billion US$), 2021 - 2027
Figure-03: Product Type - Pizza/Pasta Market (Million US$), 2016 - 2020
Figure-04: Product Type - Forecast for Pizza/Pasta Market (Million US$), 2021 - 2027
Figure-05: Product Type - Burger/Sandwich Market (Million US$), 2016 - 2020
Figure-06: Product Type - Forecast for Burger/Sandwich Market (Million US$), 2021 - 2027
Figure-07: Product Type - Chicken Market (Million US$), 2016 - 2020
Figure-08: Product Type - Forecast for Chicken Market (Million US$), 2021 - 2027
Figure-09: Product Type - Asian/Italian American Food Market (Million US$), 2016 - 2020
Figure-10: Product Type - Forecast for Asian/Italian American Food Market (Million US$), 2021 - 2027
Figure-11: Product Type - Seafood Market (Million US$), 2016 - 2020
Figure-12: Product Type - Forecast for Seafood Market (Million US$), 2021 - 2027
Figure-13: Product Type - Other Market (Million US$), 2016 - 2020
Figure-14: Product Type - Forecast for Other Market (Million US$), 2021 - 2027
Figure-15: End User - Full-Service Restaurant Market (Million US$), 2016 - 2020
Figure-16: End User - Forecast for Full-Service Restaurant Market (Million US$), 2021 - 2027
Figure-17: End User - Quick Service Restaurant Market (Million US$), 2016 - 2020
Figure-18: End User - Forecast for Quick Service Restaurant Market (Million US$), 2021 - 2027
Figure-19: End User - Caterings Market (Million US$), 2016 - 2020
Figure-20: End User - Forecast for Caterings Market (Million US$), 2021 - 2027
Figure-21: End User - Others Market (Million US$), 2016 - 2020
Figure-22: End User - Forecast for Others Market (Million US$), 2021 - 2027
Figure-23: North America - Fast-Food Market (Million US$), 2016 - 2020
Figure-24: North America - Forecast for Fast-Food Market (Million US$), 2021 - 2027
Figure-25: Europe - Fast-Food Market (Million US$), 2016 - 2020
Figure-26: Europe - Forecast for Fast-Food Market (Million US$), 2021 - 2027
Figure-27: Asia Pacific - Fast-Food Market (Million US$), 2016 - 2020
Figure-28: Asia Pacific - Forecast for Fast-Food Market (Million US$), 2021 - 2027
Figure-29: Middle East & Africa - Fast-Food Market (Million US$), 2016 - 2020
Figure-30: Middle East & Africa - Forecast for Fast-Food Market (Million US$), 2021 - 2027
Figure-31: South America - Fast-Food Market (Million US$), 2016 - 2020
Figure-32: South America - Forecast for Fast-Food Market (Million US$), 2021 - 2027
Figure-33: Starbucks Corp. - Global Revenue (Million US$), 2016 - 2020
Figure-34: Starbucks Corp. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-35: Papa John's International Inc. - Global Revenue (Million US$), 2016 - 2020
Figure-36: Papa John's International Inc. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-37: Domino's Pizza Inc. - Global Revenue (Million US$), 2016 - 2020
Figure-38: Domino's Pizza Inc. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-39: The Wendys Co.mino's Pizza Inc. - Global Revenue (Million US$), 2016 - 2020
Figure-40: The Wendys Co.mino's Pizza Inc. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-41: Performance Food Group - Global Revenue (Million US$), 2016 - 2020
Figure-42: Performance Food Group - Forecast for Global Revenue (Million US$), 2021 - 2027
List of Tables:
Table-01: Global - Fast-Food Market Share by Product Type (Percent), 2016 - 2020
Table-02: Global - Forecast for Fast-Food Market Share by Product Type (Percent), 2021 - 2027
Table-03: Global - Fast-Food Market Share by End User (Percent), 2016 - 2020
Table-04: Global - Forecast for Fast-Food Market Share by End User (Percent), 2021 - 2027
Table-05: Global - Fast-Food Market Share by Region (Percent), 2016 - 2020
Table-06: Global - Forecast for Fast-Food Market Share by Region (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • Starbucks Corp.
  • Papa John's International Inc.
  • Domino's Pizza Inc.
  • The Wendys Co.mino's Pizza Inc.
  • Performance Food Group
Note: Product cover images may vary from those shown

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.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • 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

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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