The study on the Fast-food Market looks at the market's growth factors as well as its segments (Product, End User, and Region). Market participants and regions (North America, APAC, Europe, MEA, and South America) provided data. This market research looks in depth at all of the key improvements that are now taking place across all industrial sectors. Statistics and presentations are utilized to give essential data analysis for the historical era (2017-2020). The paper investigates the Fast-food markets, as well as the Drivers, Restraints, Opportunities, and Challenges. This SMR report contains investor suggestions based on a thorough examination of the Fast-food market's current competitive situation.
Fast-Food Market Report Scope:
The Fast-Food market has been analysed at regional and country levels. The segment-wise and region-wise analysis of the Fast-Food market dynamics including drivers, restraints, challenges and opportunities has been provided in the report. This detailed analysis of the market makes the report an investor’s guide.
A bottom-up approach has been used to estimate the Fast-Food market size. Key Players in the Fast-Food market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and Fast-Food industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Fast-Food key players in the industry.
Fast-Food Market Report Overview:
The new market intelligence report published by research firm, Stellar Market Research, indicates the lucrative growth for Fast-Food Market suppliers in the forecast period through 2029. The Fast-Food Market report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the market.
Fast-Food market Size is expected to grow at a CAGR of 6.08 % during the forecast period. The fast-food market is expected to reach US$ 1468 Bn. in 2027 from US$ 972.77 Bn. in 2021.
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Fast-Food Market Regional Analysis:
Government initiatives in the sector and regulations drive the Fast-Food Market growth in the region. The Fast-Food market report includes a geographic condition of the market, market size and share as well as in-depth research into the business network structure, opportunities, and news updates. The report includes all the regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Fast-Food Market Segmentation:
The fast-food market is divided into several product categories, including burgers, sandwiches, pizza and pasta, seafood, Asian and Latin American cuisine, and others. Burgers and sandwiches dominate the product market due to their popularity and low cost. McDonald's is one of the fastest-growing Burger fast-food franchises, with a presence in about 120 countries and over 39,000 outlets. With the presence of two prominent fast-food chains, McDonald's and Burger King, the category is likely to dominate the fast-food industry during the forecast period.
The Asian and Latin American food segment had the world's second-largest market share. The bulk of the world's population lives in Asia, and the fast-food business is predicted to rise due to rising purchasing power, new standards of living, and strong spending power in nations such as India, China, Japan, and South Korea. Asian/Latin American food has become the most popular fast food among consumers due to the flavors and ingredients added to the items. As a result, the Asian/Latin American food sector was worth $155.5 billion in 2017 and is expected to grow at a CAGR of 3.4 percent between 2020 and 2027, reaching $203.6 billion by 2027.
The fast-food market is divided into four segments based on end users: Full-Service Restaurants, Quick-Service Restaurants, Catering, and Others. The quick service restaurant sector dominates the industry, accounting for xx% of the fast-food market in 2021, and is expected to continue to dominate the market during the forecast period.
Service that is prompt To fulfill rising client demand, restaurants create processed food in large quantities. Furthermore, increased internet usage and smartphone accessibility have resulted in an increase in online sales.
As a result, certain food chains are shifting to specialized internet portals to increase online meal ordering for these fast-food chains, thereby boosting the quick-service restaurant market's growth.
Fast-Food Market Key Players:
Auntie Anne’s Franchisor SPV LLC (Pennsylvania, United States)
Domino’s Pizza, Inc. (Michigan, United States)
Firehouse Restaurant Group, Inc. (Florida, United States)
McDonald’s (Minnesota, United States)
Pizza Hut (Texas, United States)
Starbucks (Washington, United States)
KFC (Kentucky, United States)
Taco Bell (California, United States)
Subway (Connecticut, United States)
Burger King (Florida, United States)
Chick-Fil-A (Georgia, United States)
Café Coffee Day (India)
Steers (South Africa)
Key Questions answered in the Fast-Food Market Report are:
- What is Fast-Food Market?
- What is the forecast period of the Fast-Food Market?
- What are the Fast-Food market segments?
- Which segment held the largest Fast-Food market share?
- What will be the CAGR of the Fast-Food market during the forecast period?
- What is the competitive scenario of the Fast-Food market?
- What are the opportunities for the Fast-Food Market?
- What are the factors restraining the Fast-Food market growth?
- Which region held the largest market share in the Fast-Food Market?
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of segments and sub-segments
- Competitive Landscape- Leading key players and other prominent key players.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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