About Fast Food
Fast food products are known as easy to prepare food that can be served quickly as most of them are pre-cooked, the fast-food items include a burger, pizza, noodles, sandwiches, rolls, etc. Fast food is served in restaurants, cafes, street vendor outlets, through online ordering, etc, it is usually inexpensive, convenient, and tasty food consumed all around the world.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fast Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
McDonald's Corporation (United States), Starbucks Corporation (United States), Subway (United States), KFC (United States), Domino's Pizza, Inc. (United States), Pizza Hut ((United States), Burger King (Restaurant Brands International Inc) (United States), Papa John's Pizza (United States), Wendy's International (United States), Firehouse Subs (United States) and Chipotle Mexican Grill, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fast Food market by , Application (Cafes, Restaurants, Street Vendors and Others) and Region.
On the basis of geography, the market of Fast Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Non-vegetarian will boost the Fast Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Eat-in will boost the Fast Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Burger will boost the Fast Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Consumption of Fast Food Products Among Kids as well as Working People
Market Growth Drivers:
Increasing Demand for the Light Food Products Worldwide and Shifting Taste Preferences of People Towards Spicy, Tasty and Convenient Food Products
Challenges:
Growing Health Consciousness Among people is Affecting the Demand for the Fast Food Products
Restraints:
Hindrances to Fast Food Outlets Due to the Prevailing Global COVID-19 Situation
Opportunities:
Rising Availability of Facility Like Online Ordering will Boost the Fast Food Market
Market Leaders and their expansionary development strategies
In April 2021, EG Group has acquired LEON Restaurants Limited (“LEON”), a prominent British fresh fast food restaurant chain.The acquisition of LEON as a proprietary brand enhances the already extensive foodservice brand portfolio operated by EG Group, with this already including third party brands such as Starbucks, KFC, Burger King, Greggs, Sbarro, Cinnabon and Subway.
On 9th September 2019, The Wendy's Company announced that it plans to launch its breakfast menu, currently available in more than 300 restaurants, across the U.S. system in 2020. The menu features signature items that take the best of Wendy's, from Applewood smoked bacon to the Frosty, and creatively delivers them to fans for breakfast. Signature items include the Breakfast Baconator, Frosty-ccino, and Honey Butter Chicken Biscuit.
Key Target Audience
Fast Food Manufacturers, Fast Food Distributors and Suppliers, Fast Food Franchisor, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.