Overview:

The global fast food market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The food which can be prepared in very less time duration to serve is generally referred as fast food. The fast food is easily available at many places including the restaurants and can be quickly consumed.

The low cost, convenient to carry or takeaway, and easy availability makes fast food more preferred type of food across the globe. This type of food is available everywhere for example at street corners, commercial places, airports, and in hotels & restaurants. Burger, pasta, sandwich, pizza, and some type of sea food are known types of fast food.

Market Dynamics:

Rising number of food chains serving fast food is a key factor driving growth of the global fast food market. Additionally, rising number of food delivery service providers specifically in emerging countries is another major factor resulting in growth of the global market.

In addition, rising number of hotels and restaurants, growing income level of individuals, and rising working population are some other factors expected to drive growth of the target market in the near future.

Moreover, launch of various fast food variants with different taste and flavors by various restaurants is among the other factors supporting global market growth. However, rising concerns among general population about health issues related with fast food may affect growth of the fast food market to a certain extent.

Key Trends:

Growing focus on making online presence and food delivery through various online channels is a key trend witnessed in the global fast food market. The leading food chain operators are focusing on strategic partnerships and tie-ups to increase their reach through online platforms, which is expected to drive growth of the target market over the forecast period. For instance, in January 2020, McDonald’s India has signed partnership with Zomato for food delivery in North and East region of India. This will help McDonald’s India to increase their reach and food accessibility for their customers.

Regional Analysis:

For detailed understanding of market dynamics, the global fast food market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is currently holding major market share in the global market. This is owing to strong presence of various fast food operators/ chains in countries in the region. In addition, the eating patterns, food preference, and high income of individuals are some other factors driving growth of the target market in the region.

However, the target market in Asia Pacific is expected to witness strong growth in terms of CAGR over the forecast period. Rising number of hotels, restaurants, and fast food chains in countries in the region is a major factor resulting in fast food market growth in the region. Also, growing social media advertising about various fast food types and growing preference for online food order among individuals is key factor supporting the market growth in region.

Scope of the Report:

Detailed Segmentation:

Global Fast Food Market, By Food Type:

• Pizza/ Pasta
• Burger/ Sandwich
• Asian/ Latin American Food
• Seafood
• Other Food

Global Fast Food Market, By Distribution Channel

• Quick Service Restaurant (QSR)
• Street Vendors
• Others

Key Players Covered:

Key players operating in the global fast food market includes, McDonald’s Corporation, Yum! Brands Inc., Domino’s Pizza Inc., Doctor’s Association Inc. (Subway), Burger King Worldwide Inc., Wendy’s International Inc., Jack in the Box Inc., Dunkin’ Brands Group, Inc., Hardee's Restaurants LLC, and Restaurant Brands International Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Fast Food Market by food type, distribution channel, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global fast food market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.