Global Fast Food Market
GMI Research’s recent analysis, the global fast food market, forecast to 2027, analyzes the trends in this market and how they are evolving across the different key geographic regions of the world. The significant shift of consumers’ preference towards affordable and convenient ready-to-eat food products, along with rapid development in the online food delivery platforms globally, are the major factors driving the growth of the fast food market.
Introduction of the Fast Food Market:
The food which is quick, easily accessible, and cheap substitute to home-cooked food, is called fast food. They are rich in sugar, salt, saturated fat, and calories. It is provided at different places through sit-down restaurants, home delivery service, or counter service. Fast food is gaining popularity worldwide owing to its good taste features, convenience, and cost-effectiveness. There is a large variety of fast food products such as chicken, pizza/pasta, fries, seafood, and various types of food products.
Fast Food Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The major factors surging the growth of the global fast food market size include the significant shift of consumers’ preference towards affordable and convenient ready-to-eat food products, along with rapid development in the online food delivery platforms globally. As per analysis of fast food industry, with the increasing technological advancement, the speedy home delivery of fast food is becoming an emerging trend and is getting adopted by numerous fast food shops and restaurants. Various new online platforms have started attracting customers’ attention and markets across Europe, America, the Middle East, and Asia.
They can now quickly log in to various delivery apps and make a comparison between reviews, menus, prices of different restaurants and cuisines. In addition to this, doorstep delivery services to customers are also offered by several online delivery organizations. This saves the traveling costs of consumers, thus enhancing the demand for online food delivery. Thereby, the growing number of online platforms is propelling growth of the fast food market share in terms of revenue at a global level. Furthermore, the rising hectic lifestyle promotes people by opting for ready-to-eat fast food products to save their time and money.
On the other hand, the factor hindering the growth of the market includes growing health awareness among individuals due to rising health problems, including heart diseases, obesity, digestion issues, high cholesterol, and other associated diseases. It is drastically shifting the focus of youth toward healthy food items and fitness.
Key Players of the Global Fast Food Market:
- Auntie Anne’s, Inc.
- Cinnabon Franchisor SPV LLC.
- Domino’s Pizza, Inc.
- DD IP Holder LLC.
- Hardee’s Restaurants LLC.
- Jack in the Box Inc.
- Firehouse Restaurant Group, Inc.
- McDonald’s Corporation
- Restaurant Brands International Inc.
- Yum! Brands, Inc.
Fast Food Market Segmentation:
Segmentation by Product:
- Pizza/Pasta
- Burger/Sandwich
- Chicken
- Asian/Latin American Food
- Seafood
- Others
Segmentation by End-User:
- Food-Service Restaurants
- Quick Service Restaurants
- Caterings
- Others
Segmentation by Application:
- Dairy Food Products
- Ice Cream
- Yogurt
- Flavoured Milk
- Bakery Products
- Breads & Rolls
- Biscuits & Cookies
- Cakes & Pastries
- Other Bakery Products
- Beverages
- Energy Drinks
- Soft Drinks
- Hot Drinks
- Flavoured Drinks
- Natural Sweetened Water
- Packaged Food Products
- Pickles
- Jam
- Sauce
- Chilled Food Products
- Nutritional Products
- Frozen Food
- Dietary Supplements
- Confectionery Products
- Snacks
- Tabletop Sweeteners
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
