Fast Food Impact – Market Analysis and Statistics 2020-2025
The fast-food market share is expected to increase by USD 87.27 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.45%.
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing online presence of fast food vendors is notably driving the fast food market growth, although factors such as health concerns pertaining to the excessive consumption of fast foods may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fast-food industry.
The fast-food market analysis also offers information on several market vendors, including American Dairy Queen Corp., Doctors Associates LLC, Dominos Pizza Inc., Inspire Brands Inc., McDonald Corp., Papa Johns International Inc., Restaurant Brands International Inc., Starbucks Coffee Company, The Wendys Co., and YUM Brands Inc. among others.
The increasing online presence of fast food vendors is a key driving factor impacting the global fast-food market growth. The rising penetration of smartphones, coupled with the increasing accessibility to the Internet, is promoting the sale of fast food online.
This fast-food market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Key Data Covered in this Fast Food Market Report:
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive fast food market growth during the next five years
- Precise estimation of the fast food market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the fast food market industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of fast food market vendors
