The latest intelligence report published by Report Ocean, titled “Global “Fast Food Market“2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The global fast food market generated revenue of $533,244 million in 2015, and is estimated to reach $743,859 million by 2022, registering a CAGR of 4.84% during the forecast period. The fast food is defined as a food which is quick to prepare and serve. It acts as an alternative of the home cooked food. One of the prevailing phenomena of the 21st century is the quick adoption of fast food. The increase in the demand of fast food has introduced the new concepts like ?take away’ or eating on the run concept. The fast food market observes rapid growth due to quick and inexpensive meals. Changing lifestyle patterns such as hectic schedules and working women have steered the necessity for small meals leading the market growth.
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Growing female employment rate because of which women do not have enough time to prepare meal, increasing number of fast food restaurants which results in easy access to the fast food, and tech-savvy ordering have fueled the market growth. In addition, rise in exposure to international cuisine through media and travelling is expected to drive this market. However, there is high cost related to the establishment of a restaurant or a food truck which as acts as a restraint for fast food market. Moreover, the rise in health issue among the people like obesity and overweight, which are caused due to unhealthy oils and preservatives that are used in preparation of fast food products has also restrained the market growth. The market opportunity for fast food serves of low calorie and organic healthy food. For instance, Subway, a leading market player in fast food industry is planning to remove azodicarbonamide from bread in the near future.
The fast food market is segmented based on product and geography. By product, the market can be segmented into pizza/pasta, burger/sandwiches, Asian/Latin American food, chicken, sea food, and others. Geographically, the market is further segmented into North America, Europe, Asia-Pacific, and LAMEA.
The market is estimated to grow in near future by offering menu according to the taste of people and region, modifying fast food menu for breakfast or dinner, and expanding delivery services. Moreover, top players are getting into partnerships with other food markets to capture the market share such as McDonalds have partnership with Kraft for McCafe coffee. Furthermore, use of marketing techniques such as children toys, credit points, and other premiums are used by major players.
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KEY BENEFITS FOR STAKEHOLDERS
This report provides information regarding key drivers, restraints, and opportunities with detailed analysis.
The study provides an in-depth analysis of the fast food market with current and future trends to elucidate the imminent investment pockets in the market.
Current and future trends are outlined which will help new entrants and key players to gain a stronger foothold in the market.
Quantitative analysis of the current market and estimations through 2014-2022 are provided to showcase the financial competency of the market.
Porters Five Forces model of the industry illustrates the potency of the buyers & suppliers participating in the market.
Comprehensive analyses of all geographical regions are presented that determines predominant opportunities in North America, Europe, Asia-Pacific, and LAMEA geographies.
Key market players are analyzed to understand the competitive outline of the global fast food market.
The leading companies operating in the global fast food market include:
McDonald’s
Hardee’s
Pizza Hut
Domino’s Pizza
Burger King
KFC
Subway
Dunkin’ Donuts
Firehouse Subs
Auntie Anne’s
OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE
Wendy’s
Starbucks Corporation
Taco Bell
Jimmy John’s
Jack in the Box
Papa Murphy’s
Sonic
Carl’s Jr.
Cinnabon
Buffalo Wild Wings
Others
KEY MARKET SEGMENTS
By Product Type:
Pizza/Pasta
Burger/Sandwich
Chicken
Asian/Latin American Food
Sea-Food
Others
By Geography:
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Indonesia
Australia
South Korea
Taiwan
Thailand
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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