Global Fast Food Market Size To Reach USD 645.0 Billion By 2020


Posted March 31, 2016 by alishagonzales

Global fast food market was valued at USD 495.0 billion in 2014 and is expected to reach USD 645.0 billion by 2020, growing at a CAGR of 4.5% between 2015 and 2020.

 
Zion Research has published a new report titled “Fast Food Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020” According to the report, the global fast food market was valued at approximately USD 495.0 billion in 2014 and is expected to reach approximately USD 645.0 billion by 2020, growing at a CAGR of around 4.5% between 2015 and 2020.

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As the name fast food itself indicates that the food which can be prepared and served very quickly. Fast food is increasing in popularity among people because of the good taste, low price and convenience. There is vast variety of fast food including pizza, noodles, pasta, chicken, burger, sandwiches, sea-food and others. Fast food has become staple food in U.S., Canada and Mexico.

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The global fast food market is mainly driven by modern lifestyle, changing food habits and increasing disposable income in the hand of middle class people. Rapid growth of population and increasing urbanization is one of the major growth drivers. Strong economical growth, rising income level, increasing tourism and business travelling is resulted into growing demand for fast food. However, increasing health awareness and increasing obese population is expected to limit the growth of this market.

Based on product types, the fast food market has been segmented into burgers/sandwiches, chicken, pasta/pizza, Asian/Latin American food, sea-food, and snacks. Pizza/pasta and burger/sandwich are the largest segments of fast food market and is expected to exhibit robust CAGR between 2015 and 2020. Asian/Latin American food and chicken are also key segments and expected to be the fastest growing market for fast food owing to health benefits and bold & spicy test.

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Some of the key players in the Fast Food market are McDonald’s Corporation, Yum! Brands Inc., Dominos Pizza Inc., Doctor’s Association Inc, Burger King Worldwide Inc., Wendy’s International Inc., Jack in the Box Inc., In-N-Out Burger, Whataburger, Sonic and Steak-N-Shake.

This report segments the global fast food market as follows:
Global Fast food Market: Product Segment Analysis
Burger/Sandwich
Pizza/Pasta
Chicken
Asian/Latin American Food
Sea-Food
Others
Global Fast food Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
Table Of Content:

Chapter 1. Introduction
1.1. Report description and scope
1.2. Research scope
1.3. Research methodology
1.3.1. Market research process
1.3.2. Market research methodology
Chapter 2. Executive Summary
2.1. Global fast food market, 2014 - 2020 (USD Billion)
2.2. Global fast food market : Snapshot
Chapter 3. Fast Food– Market Dynamics
3.1. Introduction
3.2. Value chain analysis
3.3. Market drivers
3.3.1. Global fast food market drivers: Impact analysis
3.3.2. Increasing demand for affordable and testy food
3.4. Market restraints
3.4.1. Global fast food market restraints: Impact analysis
3.4.2. Food safety regulation

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Last Updated March 31, 2016