![]() ![]() Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network. The report provides a quantitative analysis of the current fast food market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing fast food market opportunity. The key players profiled in this report include Auntie Anne's, INC, Cinnabon Franchisor SPV LLC, Domino’s Pizza, INC, Dunkin’ Brands Group, Inc, Hardee's Restaurants LLC, Firehouse Restaurant Group, Inc, Jack in The Box INC., McDonald’s, Restaurant Brands International Inc, INC, and YUM! BRANDS, INC. The players in the market have adopted various developmental strategies to expand their fast food market share, increase profitability, and remain competitive in the market. Additionally, new launches in burger/sandwich products owing to increased investment in R & D of food processing, coupled with strengthening distribution network of fast food items and high-shelf life of fast food are expected to contribute significantly to the growth of the burger/sandwich market segment. Asian/Latin American food has been one of the most preferred choice of fast food among the consumers ,due to increase in demand from millennials coupled with surge in need for ready to eat foods. On the basis of type, the Asian/Latin American food segment accounted for the maximum share in the global market in 2019. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). On the basis of end user, the market is segmented into food-service restaurants, quick service restaurants, caterings, and others. On the basis of type, the market is segmented into pizza/pasta, burger/sandwich, Chicken, Asian/Latin American food, seafood, and others. The report segments the fast food market on the basis of type, end user, and region. All these factors collectively drive the fast food industry growth during the forecast period. Similarly ,in China, the women employment rate was around 43.7% and in South Africa it was around 45%. For instance, according to the United States Department of Labor, the U.S. With the increase in number of employed women, it becomes significantly difficult for them to cook meals, which results in consuming fast food. ![]() The world has witnessed a significant growth in the women employment rate. Moreover, the utilization of these products by numerous end users such as full-service restaurants, hotels and resorts, and quick service restaurants is expected to drive the growth of this market. There has been an increase in the demand for fast food over the past decadeas new product-types launches have permeated the food industry. Most of the fast foods available nowadays are healthy, and help in the weight loss with right combinations and proportions of other foods. The fast food market is losing its market share to fast casual food. This rise in concerns has led people to switch from fast food to fast casual food. The health issue is the biggest restraint in the fast food market growth. Researches claimed that consumption of fast food causes overweight, obesity, and other medical issues. There area lot of rise in concerns related to fast food. Moreover, rise in health consciousness among consumers and increased demand for healthy and tasty food drive the market growth. The rise in number of restaurants and hotels is attributed to rapider banization and globalization, which in turn is expected to boost the growth of the fast food market. In addition, it facilitates easy preparation and preservation of food. Fast food is popularly used in restaurants, hotels, and fast-food centers. It acts as an alternative to home cooked food. Fast food is defined as food that is quick to prepare and serve. The fast food market size was valued at $647.7 billion in 2019 and is estimated to reach $931.7 billion by 2027, growing at a CAGR of 4.6% during the forecast period. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |