According to a new market report published by
Transparency Market Research " Fast Food Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast, 2013- 2019", the
global Fast Food market was worth USD 477.1 billion in 2013 and is expected to
reach USD 617.6 billion in 2019, growing at a CAGR of 4.4% from 2013 to 2019.
North America was the largest market for fast food in 2012 due to preference
for food on-the-go and demand for quick and convenient food in day to day life.
Browse the
full Fast Food Market Report at
Fast food is one of the most consumed foods in a
Quick Service Restaurant format due to its unique attributes such as
convenience, taste and less price. Fast Food is very popular in North America
and they have propagated the concept of fast food in other regions of the
World. Fast Food varies as from region to region, but some fast food categories
are universal such as Burgers, Pizza/ Pasta, chicken and noodles among others.
Emerging countries such as India, China and Brazil
are some of the fast growing markets for fast food and are expected to
experience double digit growth in the forecasted period. The top emerging
markets in terms of growth rate are Brazil, China, India, Russia, France, Saudi
Arabia, South Africa and Vietnam. The demand for processed fast food in these
markets is more as compared to natural fast food. The growth in these markets
is supported by higher disposable income and demand for convenient, tasty,
affordable food.
Geographically, rest of the world (RoW) and Asia
Pacific are expected to experience robust growth in the coming six years,
whereas North America and Europe are declining markets in terms of the market
share. In 2012, North America held maximum percentage share for fast food
market globally followed by Asia Pacific. North America and Europe witness the
shift in demand for Asian/Latin American fast food from conventional fast food
such as Burger and Pizza. In contrast to it, Asia Pacific and Rest of the World
(RoW) are consuming more western conventional fast food.
Local fast food chains are flourishing in their
respective regions and are expected to capture greater market share due to
their unique taste and cost effective products. Some of the market leaders
across the four geographies are McDonald's Corporation, Yum! Brands Inc.,
Dominos Pizza Inc., Doctor's Association Inc, Burger King Worldwide Inc., and
Wendy's International Inc. and Jack in the Box Inc., among others.
Global Fast
Food Market by Type
The different types of fast food covered under this
research study are defined as follows:
·
Burger/Sandwich
·
Pizza/Pasta
·
Chicken
·
Asian/Latin
American Food
·
Sea-Food
·
Others (Snacks,
Mexican etc)
Global Fast
Food Market by Distribution
The different distributions covered under this
research study are defined as follows:
·
Quick Service
Restaurant (QSR)
·
Street Vendors
·
Others
Request
Sample Report :
Global Fast
Food Market by Geography
The different geographies covered under this
research study are defined as follows:
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the
World
.
Browse Food & Beverages Market Research Reports
@ http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html
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