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Global Fast Food Market: By Type: Pizza/Pasta, Burgers/Sandwiches, Chicken, Asian/Latin America Food, Seafood, Others; By End User: Full-Service Restaurants, Quick Service Restaurants, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Fast Food Market Outlook

The global fast food market stood at a value of around USD 617.9 billion in 2020. The market is further expected to grow at a CAGR of 6.2% in the forecast period of 2021-2026 to attain a value of around USD 886.5 billion by 2026.

 

Quick Service Restaurants to Account for a Significant Market Share of the Global Fast Food Industry

Based on end user, the quick service restaurants segment is predicted to account for a significant market share in the fast food industry. This growth can be attributed to the favourable factors associated with quick service restaurants, such as cost-effectiveness and speedy and uniform services with a vast menu. In addition, these restaurants attract the working population and the youth with their economical food, innovative menu, and attractive discounts. Moreover, with the increasing demand for fast food, many quick service restaurants are being opened, with the rise of business ventures such as cloud kitchens. These factors are expected to aid the market growth in the forecast period.

 

Global Fast Food Market

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North America to Hold a Considerable Market Share in the Global Fast Food Industry

North America is estimated to hold a considerable share of the fast food industry in the forecast period. This growth can be attributed to the rapid expansion of fast food chains in the region due to the heightened popularity of fast foods. In addition, busy lifestyles and the growing disposable income are contributing to the increased preference for fast food restaurants in the region. Furthermore, the implementation of innovative strategies such as new cooking styles and specialised menus to cater to the growing market trends, such as veganism, are expected to drive the market growth.  Moreover, the presence of leading market players in the region and consequential high investments in the fast food industry is a major factor contributing to the market growth.

 

Fast Food: Industry Definition and Segmentation

Fast food refers to edibles that are mass produced to be served expeditiously. Therefore, speed is the major priority in the production of fast food. Fast food comprises a cost-effective menu engineered for the busy working population that could not spare time for cooking. Instead, these precooked meals such as burgers and pizzas ensured speed and flavour to the consumers. Today, fast food is extremely popular among consumers of all ages, as fast food joints are ubiquitous and offer a wide variety of options catered to most consumer preferences.  Apart from dine-in, fast food restaurants also provide facilities for take away and drive through. Moreover, with the advent of the internet, consumers are increasingly utilising food delivery apps to order from major delivery restaurants such as Domino's and McDonald's.

By type, the market is divided into:

  • Pizza/Pasta
  • Burgers/Sandwiches
  • Chicken
  • Asian/Latin American Food
  • Seafood
  • Others

On the basis of end user, the industry can be segmented into:

  • Full Service Restaurants
  • Quick Service Restaurants
  • Caterings
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rise of Food Delivery Apps and the Adoption of Innovative Production Strategies to Bolster the Growth of the Global Fast Food Industry

Consumer preference has shifted to the online channel, such as food delivery apps, especially with the advent of the Covid-19 pandemic. Since dining out at restaurants was no longer viable, due to the nationwide lockdowns and norms of social distancing, consumers increasingly utilised food delivery apps such as Ubereats and GrubHub, among others. In addition, these delivery apps are helping to reduce the maintenance costs of brick-and-mortar restaurants. Moreover, the rising investments in the development of innovative products to attract consumers by the leading manufacturers are also a major factor in the increased consumption of fast food. For instance, in October 2020, Dunkin' Donuts, a leading quick service restaurant under Dunkin' Brands, announced the launch of their spicy ghost pepper flavoured donut, which is claimed to be the first of its kind donut mixed with cayenne and ghost pepper spice blend. However, the long-term health hazards such as the high risk of obesity, heart diseases, digestive issues, and diabetes associated with the consumption of large amounts of fast foods are expected to act as potential constraints in the market growth.

 

Key Industry Players in the Global Fast Food Market

The report gives a detailed analysis of the following key players in the global fast food market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Auntie Anne’s Franchisor SPV LLC
  • Cinnabon Franchisor SPV LLC
  • Domino’s Pizza (Jubilant FoodWorks Ltd.)
  • Inspire Brands, Inc.
  • Hardee's Restaurants LLC
  • Firehouse Restaurant Group, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End User, Region
Breakup by Type Pizza/Pasta, Burgers/Sandwiches, Chicken, Asian/Latin America Food, Seafood, Others
Breakup by End User Full-Service Restaurants, Quick Service Restaurants, Caterings, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Auntie Anne’s Franchisor SPV LLC, Cinnabon Franchisor SPV LLC, Domino’s Pizza (Jubilant FoodWorks Ltd.), Inspire Brands, Inc., Hardee's Restaurants LLC, Firehouse Restaurant Group, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Fast Food Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Fast Food Historical Market (2016-2020) 
    8.3    Global Fast Food Market Forecast (2021-2026)
    8.4    Global Fast Food Market by Type
        8.4.1    Pizza/Pasta
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Burgers/Sandwiches
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Chicken
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Asian/Latin America Food
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Seafood
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Others
    8.5    Global Fast Food Market by End User
        8.5.1    Full-Service Restaurants
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Quick Service Restaurants
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Caterings
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Fast Food Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Auntie Anne’s Franchisor SPV LLC
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Cinnabon Franchisor SPV LLC
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Domino’s Pizza (Jubilant FoodWorks Ltd.)
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Inspire Brands, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Hardee's Restaurants LLC
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Firehouse Restaurant Group, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Fast Food Market: Key Industry Highlights, 2016 and 2026
2.    Global Fast Food Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Fast Food Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Fast Food Historical Market: Breakup by End User (USD Billion), 2016-2020
5.    Global Fast Food Market Forecast: Breakup by End User (USD Billion), 2021-2026
6.    Global Fast Food Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Fast Food Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Fast Food Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Fast Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Fast Food Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Fast Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Fast Food Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Fast Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Fast Food Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Fast Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Fast Food Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Fast Food Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Fast Food Market Structure

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