Market Summary
Research Methodology on Fast Food Market
Introduction
The objective of this research is to provide an analysis of the fast food market and to understand future market trends. MRFR conducts extensive research for the past five years into the fast food market to assess market performance and gauge the impact of the industry on global economies. The research also provides insights into the changing pattern of consumers’ preferences in different countries, the effects of product innovation on the market, and the emerging trends in the fast food industry.
Research Design
MRFR’s research on the fast food market is conducted through a combination of both primary and secondary data collection. The primary data is gathered through interviews and focus group discussions with leading market participants such as fast food retailers, distributors, suppliers, and other industry stakeholders. The secondary data is collected from published research reports, market intelligence sources, and industry publications.
Sampling
The research is conducted with a focus on the North American, European, and Asian markets. The companies chosen for the study represent the leading players in the market in each region. These companies are selected based on their geographical presence, product portfolio, market share, financial performance, and competitive landscape.
Data Collection and Analysis
MRFR used both quantitative and qualitative methods to analyze the data collected. The data is analyzed using market size estimations and forecasts, revenue models, and regression analysis. Qualitative research is conducted through a series of interviews with industry stakeholders and focuses on group discussions. The interviews and discussions are conducted to gain an understanding of the drivers of the industry and the challenges that it currently faces.
Results
The research findings indicate that the global fast-food market is expected to grow at a steady growth rate during the 2023-2030 period. The said growth is driven by increasing demand for convenience foods, changing lifestyles, and the growing trend of health-conscious consumers. The research also highlights the emergence of new product categories in the market such as plant-based alternatives, breakfast items, and frozen snacks. Furthermore, the study found that the fast food products sold in North America, Europe, and Asia differ significantly from one another in terms of ingredients, flavours, and texture.
Conclusion
Overall, the research conducted by MRFR provides a comprehensive and in-depth analysis of the fast food industry across different regions. The report provides a thorough overview of the market and its dynamics and identifies the key drivers and threats in the industry. It also provides in-depth insights into the changing consumer preferences and emerging trends in the fast-food market.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 429.22 Billion |
Market Size 2024 | USD 444.56 Billion |
Market Size 2032 | USD 932.53 Billion |
Compound Annual Growth Rate (CAGR) | 9.70% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2019 & 2021 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Service Type, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | McDonald’s Corporation, Burger King Worldwide Inc., Domino’s Pizza, Yum Brands Inc, Jack in the Box Inc, Wendy’s International Inc, Doctor’s Association Inc |
Key Market Opportunities | Healthy fast food attracts more customers |
Key Market Dynamics | Rise in the number of restaurants and hotels |
Major Players
Fast Food Type Outlook (USD Million, 2018-2030)
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Fast Food Service Type Outlook (USD Million, 2018-2030)
Eat-in
Take away
Drive through
Home delivery
Others
Fast Food Regional Outlook (USD Million, 2018-2030)
North America Outlook (USD Million, 2018-2030)
North America Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
North America Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
US Outlook (USD Million, 2018-2030)
US Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
US Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
CANADA Outlook (USD Million, 2018-2030)
CANADA Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
CANADA Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Europe Outlook (USD Million, 2018-2030)
Europe Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Europe Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Germany Outlook (USD Million, 2018-2030)
Germany Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Germany Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
France Outlook (USD Million, 2018-2030)
France Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
France Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
UK Outlook (USD Million, 2018-2030)
UK Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
UK Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
ITALY Outlook (USD Million, 2018-2030)
ITALY Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
ITALY Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
SPAIN Outlook (USD Million, 2018-2030)
Spain Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Spain Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Rest Of Europe Outlook (USD Million, 2018-2030)
Rest Of Europe Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
REST OF EUROPE Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Asia-Pacific Outlook (USD Million, 2018-2030)
Asia-Pacific Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Asia-Pacific Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
China Outlook (USD Million, 2018-2030)
China Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
China Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Japan Outlook (USD Million, 2018-2030)
Japan Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Japan Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
India Outlook (USD Million, 2018-2030)
India Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
India Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Australia Outlook (USD Million, 2018-2030)
Australia Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Australia Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Rest of Asia-Pacific Outlook (USD Million, 2018-2030)
Rest of Asia-Pacific Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Rest of Asia-Pacific Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Rest of the World Outlook (USD Million, 2018-2030)
Rest of the World Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Rest of the World Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Middle East Outlook (USD Million, 2018-2030)
Middle East Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Middle East Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Africa Outlook (USD Million, 2018-2030)
Africa Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Africa Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
Latin America Outlook (USD Million, 2018-2030)
Latin America Fast Food by Type
Burger/Sandwich
Pizza/Pasta
Chicken & Seafood
Asian/Latin American Food
Others
Latin America Fast Food by Service Type
Eat-in
Take away
Drive through
Home delivery
Others
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