Fast Food Market Research Report - Forecast to 2027

Fast Food Market Research Report: Information by Type (Burger/Sandwich, Pizza/Pasta, Chicken &Amp; Seafood, Asian/Latin American Food, Others), Service Type (Eat-In, Take Away, Drive Through, Home Delivery, Others) and Region - Forecast till 2027

ID: MRFR/F-B & N/0530-HCR | February 2021 | Region: Global | 115 pages

Fast Food Market Overview


The Fast Food Market is expected to reach during the forecast period. It attains a Significant CAGR during the review period. Fast food refers to those foods that are served at restaurants or are available besides the streets. Nowadays people prefer it more than homemade food. It is very much prominent in end users’ industries like restaurants, hotels, and in many fast food corners. They fulfill the needs of the customers. Fast foods like burgers, rolls, chow mean, pasta, nonveg, Asian food, and many others.


One of the prevailing phenomena of a Fast Food Market in this twenty-first century is the growing adoption of fast food. This concept of having fast food is in high demand globally and the courtesy to have fast food in international cuisines is now being available along the regional boundaries.  From the fast-food market outlook, you can see the change in the lifestyle of the people due to their hectic schedules has propelled up the necessity for ordering small meals from the fast-food courts.


Covid 19 Analysis


COVID had a great impact on the industry. Countrywide lockdown and shutdown were imposed which reduced the dining in the restaurants by 80%. With social distancing, pickup options of food from the restaurants were imposed. These measures have decreased the persona, interactions.


The government took all the necessary initiatives for awarding the people.


Competitive Landscape


The fast-food industry also has numerous key players who increase the interest of the consumers by making such tasty foods and maintaining competitive prices. The key players of the market form partnerships with other fast food markets to have a dominant fast-food market share like MacDonald merge with Kraft for McCafé Coffee. These key players in these markets adopt various strategies and techniques. The major key players in the marketing sector are McDonald’s Corporation of United States, Burger King Worldwide Inc. of United States, Domino’s Pizza of United States, Yum Brands Inc of United States, Jack in the Box Inc of United States, Wendy’s International Inc of United States, Doctor’s Association Inc of The United States, and many others.


Market Dynamics


Drivers


The rise in the number of restaurants and hotels increases the Fast Food Market growth. The rise in prohibition and globalization helps in expanding market growth. The rise in urbanization and increase in population is increasing the cravings for all these cheaper and faster food options, thus increasing the demand for the Fast Food Market. The languid population expecting the food delivery to their home is helping in propelling up the fast-food market growth.


Opportunities


Fast Food is extremely tasty. These tasty, flavored food are increasing the opportunities for the global fast-food market. Apps that deal with fast foods from where you can order online provide more opportunities during the fast-food market forecast period. Healthy fast food attracts more customers thus fueling up the development of the fast-food market. Due to the increase in fast food market size, the rapid rise in the middle-class population has led to the transformation of eating habits which has helped in the expansion of the market. Online services have increased the scope of women’s employment.


Challenges


Slow and expensive meals are the most challenging factor of the fast-food market. The high sum required for the establishment of restaurants and food trucks is the most challenging factor for growth. High-calorie and unhealthy foods are decreasing the demand for the growth of the market. Expansion of fast-casual food harms the fast-food market growth and fast food market value.


Cumulative Growth


Enhancement of disposable income and demand for convenient and affordable food increased the Fast Food Market size. The fast-food available nowadays are extremely healthy and is of proper proportion. They also play a great role in losing body weight. The want of fast food is being stricken high. Online orders from various restaurants especially during COVID have increased fast-food product sales which increased the growth of the food industry.


Restraints


Fast Food Market causes various disorders like an increase in body fat and also causes other medical problems. Fast food is fast and informal food is losing its share of the fast-food market business. The presence of unsaturated fats in fast foods hampers market growth. Improper food safety regulations hamper growth. Improvement of animal safety regulation law hampers the market size. Overweight becomes the major restraint of the market.


Segment Overview


By Type


Segmentation is done based on product type, end-user, and region. Based on product type, the market is bifurcated into pizza, burgers, American foods, Asiatic cuisines, and many more. Based on end-users the market is split into foodservice restaurants, quick-service restaurants, caterers, and many more. Based on region, the Fast Food Market value is high in the region of North America (the United States, Canada, and Mexico), the European region (Germany, France, United Kingdom, Italy, Spain, and the other leftover regions of Europe), Asia Pacific region (Chinese, Indonesia, Australia, Thailand, and the rest regions), regions of LAMEA (Middle East, Latin America, and African region). The Fast Food Market shows its growth due to the different tastes of people and regions, which helps in changing the food menu of breakfast, lunch, and during delivery services.


By Technology


Due to technology, the internet, and mobile phones have helped in how to order online from the food apps. Technology has helped in better processing and packaging which have improved the safety of the food. Advanced machines have been used in the industry which has helped in the proper manufacturing of fresh food.


Regional Analysis


Globally Fast Food Market is prominent in Europe, the Asia Pacific region, and in North-America. North America covers the dominant part due to its high workforce in the American region. Asia Pacific region covers the next dominant share after NA and before Latin America. This region has become famous for fast food due to the increase in the adoption of western lifestyles and urbanization.


Recent Developments



  • In December 2017, a software company of Australia namely Yum and Brands Inc helped in increasing the demand of the fast-food market and helped in a wide range of customer access.

  • In August 2019, Burger King put forward the factory-based Improper Whopper all over the country.


Report Overview


The report provides an in-depth analysis of the global Fast Food Market and provides information about the current and future trends that evaluate the investment done by the key players. It highlights the market attractiveness and the accessibility trends which helps in gaining a stronger foothold in the market. It summarizes the drivers, challenges, opportunities, and factors hampering the growth and demand of the fast-food market value. It gives a qualitative and quantitative fast food market analysis of the current market, and its evaluation provides a showcase about the market competency. The report also illustrated the competitiveness of the key players in the market by fast food market analysis of certain characters namely threat of new entry of the key players, the substitute affecting the market, the power of bargaining of the buyers and also the suppliers. It provides significant information about the recent developments and the supply chain operating in the market.



Frequently Asked Questions (FAQ) :


Based on type, the burger/sandwich segment and based on service type, the home delivery segment holds majority shares in the Global Fast Food Market.

The rising popularity, demand for convenient & instant food products, growing numbers of working population, and rising disposable income, are major tailwinds pushing the growth of the Global Fast Food Market.

North America holds the largest share in the Global Fast Food Market, followed by Europe and the Asia Pacific, respectively.

Burger King Worldwide, Inc. (U.S.), Yum! Brands Inc. (U.S.), McDonald’s Corporation (U.S.), Wendy’s International Inc. (U.S.), Domino’s Pizza Inc. (U.S.), Doctor’s Association Inc. (U.S.), and Jack in the Box Inc. (U.S.), are some of the top players operating in the Global Fast Food Market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global fast food market adopt to gain a larger competitive advantage.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Function

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End-Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Market Dynamics of Global Fast Food Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Forms

6. Global Fast Food Market, by Type

6.1 Introduction

6.2 Burger/sandwich

6.2.1 Market Estimates & Forecast, 2027–2027

6.2.2 Market Estimates & Forecast, by Region, 2027–2027

6.3 Pizza/pasta

6.3.1 Market Estimates & Forecast, 2027–2027

6.3.2 Market Estimates & Forecast, by Region, 2027–2027

6.4 Chicken & Seafood

6.4.1 Market Estimates & Forecast, 2027–2027

6.4.2 Market Estimates & Forecast, by Region, 2027–2027

6.5 Asian/Latin American Food

6.5.1 Market Estimates & Forecast, 2027–2027

6.5.2 Market Estimates & Forecast, by Region, 2027–2027

6.6 Others

6.6.1 Market Estimates & Forecast, 2027–2027

6.6.2 Market Estimates & Forecast, by Region, 2027–2027

7. Global Fast Food Market, by Service Type

7.1 Introduction

7.2 Eat-in

7.2.1 Market Estimates & Forecast, 2027–2027

7.2.2 Market Estimates & Forecast, by Region, 2027–2027

7.3 Take away

7.3.1 Market Estimates & Forecast, 2027–2027

7.3.2 Market Estimates & Forecast, by Region, 2027–2027

7.4 Drive through

7.4.1 Market Estimates & Forecast, 2027–2027

7.4.2 Market Estimates & Forecast, by Region, 2027–2027

7.5 Home delivery

7.5.1 Market Estimates & Forecast, 2027–2027

7.5.2 Market Estimates & Forecast, by Region, 2027–2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2027–2027

7.6.2 Market Estimates & Forecast, by Region, 2027–2027

8. Global Fast Food Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2027–2027

8.2.2 Market Estimates & Forecast, by Type, 2027–2027

8.2.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.2.4 U.S.

8.2.4.1 Market Estimates & Forecast, 2027–2027

8.2.4.2 Market Estimates & Forecast, by Type, 2027–2027

8.2.4.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2027–2027

8.2.5.2 Market Estimates & Forecast, by Type, 2027–2027

8.2.5.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2027–2027

8.3.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2027–2027

8.3.4.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.4.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2027–2027

8.3.5.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.5.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2027–2027

8.3.6.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.6.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2027–2027

8.3.7.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.7.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.8 U.K

8.3.8.1 Market Estimates & Forecast, 2027–2027

8.3.8.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.8.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.9 Russia

8.3.9.1 Market Estimates & Forecast, 2027–2027

8.3.9.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.9.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.10 Poland

8.3.10.1 Market Estimates & Forecast, 2027–2027

8.3.10.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.10.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2027–2027

8.3.11.2 Market Estimates & Forecast, by Type, 2027–2027

8.3.11.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2027–2027

8.4.2 Market Estimates & Forecast, by Type, 2027–2027

8.4.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2027–2027

8.4.4.2 Market Estimates & Forecast, by Type, 2027–2027

8.4.4.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2027–2027

8.4.5.2 Market Estimates & Forecast, by Type, 2027–2027

8.4.5.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2027–2027

8.4.6.2 Market Estimates & Forecast, by Type, 2027–2027

8.4.6.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2027–2027

8.4.7.2 Market Estimates & Forecast, by Type, 2027–2027

8.4.7.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2027–2027

8.4.8.2 Market Estimates & Forecast, by Type, 2027–2027

8.4.8.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2027–2027

8.5.2 Market Estimates & Forecast, by Type, 2027–2027

8.5.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.5.4 GCC

8.5.4.1 Market Estimates & Forecast, 2027–2027

8.5.4.2 Market Estimates & Forecast, by Type, 2027–2027

8.5.4.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.5.5 Israel

8.5.5.1 Market Estimates & Forecast, 2027–2027

8.5.5.2 Market Estimates & Forecast, by Type, 2027–2027

8.5.5.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.5.6 North Africa

8.5.6.1 Market Estimates & Forecast, 2027–2027

8.5.6.2 Market Estimates & Forecast, by Type, 2027–2027

8.5.6.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.5.7 Turkey

8.5.7.1 Market Estimates & Forecast, 2027–2027

8.5.7.2 Market Estimates & Forecast, by Type, 2027–2027

8.5.7.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.5.8 Rest of the Middle East & Africa

8.5.8.1 Market Estimates & Forecast, 2027–2027

8.5.8.2 Market Estimates & Forecast, by Type, 2027–2027

8.5.8.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2027–2027

8.6.2 Market Estimates & Forecast, by Type, 2027–2027

8.6.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2027–2027

8.6.4.2 Market Estimates & Forecast, by Type, 2027–2027

8.6.4.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.6.5 Mexico

8.6.5.1 Market Estimates & Forecast, 2027–2027

8.6.5.2 Market Estimates & Forecast, by Type, 2027–2027

8.6.5.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.6.6 Argentina

8.6.6.1 Market Estimates & Forecast, 2027–2027

8.6.6.2 Market Estimates & Forecast, by Type, 2027–2027

8.6.6.3 Market Estimates & Forecast, by Service Type, 2027–2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2027–2027

8.6.7.2 Market Estimates & Forecast, by Type, 2027–2027

8.6.7.3 Market Estimates & Forecast, by Service Type, 2027–2027

9. Company Landscape

9.1 Introduction

9.2 Market Strategy

9.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

10. Company Profiles

10.1 McDonald’s Corporation (U.S.)

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Strategy

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 Burger King Worldwide, Inc. (U.S.)

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Strategy

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 Domino’s Pizza Inc. (U.S.)

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Strategy

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 Yum! Brands Inc. (U.S.)

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Strategy

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 Jack in the Box Inc. (U.S.)

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Strategy

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 Wendy’s International Inc. (U.S.)

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Strategy

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Doctor’s Association Inc. (U.S.)

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Strategy

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 Papa John's International, Inc. (U.S.)

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Strategy

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 Dunkin' Brands Group, Inc. (U.S.)

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Strategy

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 Taco Bell (U.S.)

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Strategy

10.10.5 Key Developments

10.10.6 SWOT Analysis

11. Conclusion

LIST OF TABLES

Table 1 Global Fast Food Market, by Region, 2027–2027

Table 2 North America: Fast Food Market, by Country, 2027–2027

Table 3 Europe: Fast Food Market, by Country, 2027–2027

Table 4 Asia-Pacific: Fast Food Market, by Country, 2027–2027

Table 5 Middle East & Africa: Fast Food Market, by Country, 2027–2027

Table 6 Latin America: Fast Food Market, by Country, 2027–2027

Table 7 Global Fast Food Type Market, by Region, 2027–2027

Table 8 North America: Fast Food Type Market, by Country, 2027–2027

Table 9 Europe: Fast Food Type Market, by Country, 2027–2027

Table10 Asia-Pacific: Fast Food Type Market, by Country, 2027–2027

Table11 Middle East & Africa: Fast Food Type Market, by Country, 2027–2027

Table12 Latin America: Fast Food Type Market, by Country, 2027–2027

Table13 Global Fast Food Service Type Market, by Region, 2027–2027

Table14 North America: Fast Food Service Type Market, by Country, 2027–2027

Table15 Europe: Fast Food Service Type Market, by Country, 2027–2027

Table16 Asia-Pacific: Fast Food Service Type Market, by Country, 2027–2027

Table17 Middle East & Africa: Fast Food Service Type Market, by Country, 2027–2027

Table18 Latin America: Fast Food Service Type Market, by Country, 2027–2027

Table19 Global Type Market, by Region, 2027–2027

Table20 Global Service Type Market, by Region, 2027–2027

Table21 Global Application Market, by Region, 2027–2027

Table22 North America: Fast Food Market, by Country

Table23 North America: Fast Food Market, by Type

Table24 North America: Fast Food Market, by Service Type

Table25 Europe: Fast Food Market, by Country

Table26 Europe: Fast Food Market, by Type

Table27 Europe: Fast Food Market, by Service Type

Table28 Asia-Pacific: Fast Food Market, by Country

Table29 Asia-Pacific: Fast Food Market, by Type

Table30 Asia-Pacific: Fast Food Market, by Service Type

Table31 Middle East & Africa: Fast Food Market, by Country

Table32 Middle East & Africa Fast Food Market, by Type

Table33 Middle East & Africa Fast Food Market, by Service Type

Table34 Latin America: Fast Food Market, by Country

Table35 Latin America Fast Food Market, by Type

Table36 Latin America Fast Food Market, by Service Type

LIST OF FIGURES

FIGURE 1 Global Fast Food Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Fast Food Market

FIGURE 4 Value Chain of Global Fast Food Market

FIGURE 5 Share of Global Fast Food Market in 2027, by Country (%)

FIGURE 6 Global Fast Food Market, 2027–2027,

FIGURE 7 Global Fast Food Market Size by Types, 2027

FIGURE 8 Share of Global Fast Food Market, by Type, 2027–2027

FIGURE 9 Global Fast Food Market Size, by Service Type, 2027

FIGURE 10 Share of Global Fast Food Market, by Service Type, 2027–2027