Fast Food Market 2019-2026
Fast foods are produced on a mass scale to serve customers, where serving time is of topmost priority. Fast food idea was originally conceived to serve busy commuters, factory workers, or travelers, were serving quality food at a minimal time is the main priority. Several ingredients required to produce the fast foods are kept at the pre-cooked stage and cooked on the spot, reducing the preparation time to just a few seconds to a few minutes. Fast food joints cannot be compared with traditional family dining restaurants. Customers often drive in and take away their orders to avoid any delay in their respective workplace.
Due to the growing popularity of fast food items, the global market for fast foods has turned into a billion-dollar industry. The market is growing rapidly, and increasing investment in developing the infrastructure have benefitted the sector hugely. Burgers, French fries, Pizzas are various items that are attracting the customers. The increasing popularity and attractive menus have helped in shifting the customer base from daily commuters, travelers to the younger population. The industry is becoming so popular, that individual entrepreneurs are hiring food trucks to prepare their items and selling it, reducing the establishment cost.
Increasing popularity has helped in the growth of the global fast-food market, however, fast foods, if prepared with wrong ingredients are compromised storing facility can have severe health effects. Many fast foods contain high saturated fat, sugar and calorie that have no nutritional benefits but can be identified with obesity, diabetes and other illnesses. Unhealthy storing facility resulting in spoiled ingredients can also have serious effects. Strict regulatory policies and monitoring are helping to curb such practices, showing a positive sign for the growth of the fast-food market.
Top Key Players:
Doctor’s Associates Inc
Modelo SA de CV, Grupo
Franquiciadora Hawaiian Paradise SA de CV
Carso SA de CV, Grupo
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The global market for fast food needs a thorough analysis, which can help in building strategies beneficial for market growth. Segmentation of the fast-food market helps in giving attention to every aspect that could help in growing the market. The global fast-food market is segmented based on its type and application. Type segment covers Chained and independent business models. The application segment covers full-service restaurants, fast food, home delivery or takeaway, café or bars and street stalls or kiosks. The increasing popularity of the fast food market has opened new possibilities for local entrepreneurs. Investments from various sectors have increased to explore the market and its potential.
The global market for fast food is diverse due to different food habits, availability of ingredients and other factors. Regional analysis has helped in identifying such markers to study the growth opportunities in detail. The fast food market is very popular in North America. Growth of existing fast-food chains, new ones and individual setup are pointers to the fact. Popularity has increased due to the changing lifestyle and food habits. Increasing work pressure is also a major contributor. The European market is also following a similar growth fashion. The Asia Pacific market has grown significantly in recent years due to the popularity among the young generation, expansion of several fast food chains and individual interests.
Fast food chain McDonald’s has invested in buying an Israeli startup firm named, Dynamic Yield to embrace new technologies such as artificial intelligence and machine learning to boost their sale.
Table of Contents:
1 Fast food Market Overview
2 Global Fast food Market Landscape by Player
3 Players Profiles
4 Global Fast food Production, Revenue (Value), Price Trend by Type
5 Global Fast food Market Analysis by Application
6 Global Fast food Production, Consumption, Export, Import by Region (2014-2019)
7 Global Fast food Production, Revenue (Value) by Region (2014-2019)
8 Fast food Manufacturing Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Market Dynamics
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