Fast food is a type of food served by the street vendors or quick service restaurants in minimal duration. It is mainly prepared in large quantities and is served quickly to the customers as per their demand. Different types of fast foods include chicken & seafood, Asian/Latin American food, burger/sandwich, pizza/pasta, and others.
According to study, “Global Fast Food Market to reach USD 843.4 billion by
2026” the key companies operating in the global fast food
market are McDonald's, Domino's Pizza, Hardee's, Dunkin Donuts, Pizza Hut,
Firehouse Subs, Burger King, Subway, KFC, Auntie Anne's. The key companies have
successfully managed to reach out to new customers through quick-fire
international expansion, product innovations, and upgrades in dining
experience. With colossal investments by massive operators, the global fast
food market is expected to exhibit dominance for more years to come.
Based on type, fast food market is segmented as burger/sandwich,
chicken & seafood, pizza/pasta, Asian/Latin American food, others. Among
them, burger/sandwich segment dominates the market owing to broad range of
product line such as cheeseburgers, giant burgers, and hamburgers among others.
Additionally, pizza/pasta segment is estimated to exhibit substantial growth
rate due to extensive outlets of pasta mad pizza to level up with the rising
requirement during the forecast period. Based on the service type, market is
segmented as eat-in, drive through, take away, home delivery, and others. The
home delivery segment is expected to witness higher growth rate on account of
various facilities and ease added by manufacturers, followed by inclination of
consumers towards availing doorstep delivery facility during the forecast
period. In addition, based on end-user, market is segmented as Quick Service
Restaurants (QSRs), full-service restaurants, caterings and others. QSRs
segment holds major share in market because of rise in demand for fresh, tasty,
and appealing food at affordable cost.
Based on geography, the North-American is the prevalent region in
global fast food market owing to high disposable income and busy lifestyle of
the consumers caused by higher employment and increase in number of working
women in the region. Whereas, the Asian-Pacific and European regions are
anticipated to show higher growth rate due to change in lifestyle coupled with
rise in adoption of western cultures among the population over the forecast
period. In upcoming years, it id predicted that future of the global market
will be bright because of growth in adoption of cross-cultural food during the
forecast period. It is anticipated that the global fast food market will be
reached at US $843.4 billion by 2026.
For More Information, refer to
below link:-
Related
Report:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment