According to the latest report of the IMARC group, entitled “Fast food and fast food market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027the global market reached a value of US$232.3 billion in 2021. Fast food and quick-service restaurants (QSRs) serve fast foods that are cooked and packaged in advance. They are usually part of a franchise or food chain, where standardized ingredients are available for food preparation. These types of restaurants have minimal table service and usually offer takeout. Some of the foods and beverages widely available in these restaurants include pizza, pasta, soft drinks, coffee, tea, juices, and burgers.
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The global market is mainly driven by the significant growth in the food and beverage industry. Along with this, inflation in disposable incomes, changing eating habits and changing lifestyle preferences of the masses are creating a positive outlook for the market. Moreover, the busy schedules and hectic lifestyles of working professionals have led to an increase in the consumption of take-out food products, thus providing impetus for the growth of the market. Some of the other factors contributing to the growth of the market include growing social media penetration, easy availability of food through online delivery options, and innovative marketing strategies adopted by many players. Looking ahead, IMARC Group expects the global fast food and fast food restaurant market to reach US$308 billion by 2027 growing at a CAGR of 4.9% during the period. 2022-2027.
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Like the new coronavirus (COVID-19[female[feminine) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Competitive landscape with key players:
- Ark Restaurants Corp.
- Carrols Restaurant Group Inc.
- Chipotle Mexican Grill Inc.
- Del Taco Restaurants Inc.
- Jack in the Box Inc.
- Kotipizza Group Oyj (Orkla ASA)
- McDonald’s Corporation
- Restaurant Brands International Inc.
- The Wendy’s Company
- Yum Brands Inc.
Breakdown by Business Model:
- Chain and Franchise
Breakdown by kitchen:
- turkish and lebanese
Breakdown by product type:
- Burgers and Sandwiches
- Pizza and Pasta
- Drinks and Desserts
- Chicken and seafood
Breakdown by type of service:
- an online service
- Offline Service
Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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