During the year ending in March, Americans spent nearly $281.6 billion on fast food - which gained the 7.1% of market share by dollars that full-service restaurants shed, the NPD data show. The variety of foods available in each sector is primarily driving this market growth. 931.7 Billion. The UK Foodservice Market is projected to register a CAGR of 3.02% during the forecast period (2022-2022). According to Renub Research report titled, "Canada Fast Food Market, Share, Insight, Forecast 2022-2027, Industry Trends, Growth, Size, Impact of COVID-19, Company Analysis" Canada Fast Food . Table-05: Canada Fast Food Market Share by Restaurant Type (Percent), 2017 - 2021 Table-06: Forecast for - Canada Fast Food Market Share by Restaurant Type (Percent), 2022 - 2027 Table-07: Canada Fast Food Market Share by Channel (Percent), 2020 - 2021. The global fast food market size was USD 862.05 billion in 2020. Market Cap. Brands, Doctor's Associates, Wendy's International and Burger King. Iconic . [ 21] McDonald's is the largest distributor of toys in the world. Detailed research and segmentation for the main products and markets. Straits Research has published a new report titled "Global Fast Food Market Report 2020-2026" into its vast database of research reports. Between 2005 and 2010, Latin America, Asia Pacific, Eastern Europe and Russia accounted for 89% of global growth in the fast-food industry (Passport, 2012). Now we're starting to see how that pervasiveness is shaking out. The rise in disposable income and rapid globalization of the food industry are the key . Hamburger fast food restaurants account for 30% of industry sales. Mounting consumer spending prowess coupled with the rising prevalence of food delivery apps will be favorable for the fast-food industry. The prominent factors leading the North America fast food market growth are changing in the taste of consumer preferences, increasing number of working population, increasing number of fast food . Market Share - Global Fast Food Analysis. Follow. 6. Snacks come in at second place, with a total of $36 billion in revenue. The market research report includes: Historical data and analysis for the key drivers of this industry. Note: Product cover images may vary from those shown. The market growth is assisted by increasing preference for fast food among generation X, Y, and Z across the globe. Markets on a local, regional, and worldwide level are investigated while generating the report. McDonald's (MCD) is the biggest player in the fast-food restaurant space, with a market share of 17.8%.In 2013, annual sales for McDonald's (MCD) were $28.10 billion.Yum! [ 15] Ray Kroc acquired the rights to the McDonald's company from Dick and Mac McDonald in 1961 for $2.7 million (about $23.6 million today). The Fast Food in Canada report includes: Analysis of key supply-side and demand trends. The Global Fast Food Market study covers current status, % share, future patterns, development rate, SWOT examination, sales channels, to anticipate growth scenarios for years 2020-2026. 5. Market Trends 7.2. Detailed segmentation of international and local products. Globally, the fast food industry generated $797.7 billion in revenue over 2021. the food is ok, like most fast food places it can be hit or miss, sometimes the food is hot and delicious, or kinda cold and greasy, knowing it has been sitting in a warmer for some time. The timeless items on the menu such as Filet-O . During the year ending in March, Americans spent nearly $281.6 billion on fast food - which gained the 7.1% of market share by dollars that full-service restaurants shed, the NPD data show. The short term impact of COVID-19 . Full-service and fast food restaurants—the two largest segments of the commercial foodservice market—account for about 73.7 percent of all food-away-from-home sales in 2020. In 2019, by end-user, the quick service restaurants segment held the highest share, accounts for 42.59% of the global fast food market share. The average annual growth rate for fast food consumption. The "Fast Food and Quick Service Restaurant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. Save. DUBLIN, March 01, 2022--The "Canada Fast Food Market, Share, Insight, Forecast 2022-2027, Industry Trends, Growth, Size, Impact of COVID-19, Company Analysis" report has been added to . cover different segment Organic Fast Food Market size, both . The average amount Americans spend on fast food in a lifetime. Here's a look at how burgers, pizza, chicken, and other food categories measure up: Burger joints remain the most popular fast food option among consumers—14 of the 50 chains on the list are classified as burger restaurants, with $80 billion in collective sales. By product, the Europe fast food market is segregated into burger/sandwich, pizza/pasta, chicken, Asian/Latin American food, seafood and others. 7.1 Pizza/Pasta 7.2 Burger/Sandwich 7.3 Chicken 7.4 Asian/Italian American Food 7.5 Seafood 7.6 Other. The fast-food market can anticipate growth at a splendid rate between 2020 and 2027, says Market Research Future (MRFR). The fast casual restaurant market size was valued at $125.6 billion in 2019, and is expected to reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027. TOP 1 McDonald's. McDonald's is indisputably the most popular fast food restaurant in Singapore with more than 130 outlets islandwide. The Fast Food in Australia report includes: Analysis of key supply-side and demand trends. The Golden Arches face tough competition from local regional restaurants in the region . $70,500. Basis Point Share (BPS) Analysis by Sales Channel . Fast Food & Takeaways in US by Mintel Market Sizes provides you with annual year-end market size data, most recently updated in 2018. 14.1. Global fast food industry revenue will exceed $885 billion in 2021. Apr 18, 2022 | USD 295. . 2019. 7:00 AM - 12:00 AM (Next day) Tue. The expected CAGR (compound annual growth rate) of the US fast food industry is 5.1% from 2020-2027. Five year forecasts of market trends and market growth. This information is published by Fortune Business Insights™, in its report titled, "Fast Food Market, 2021-2028." According to our analysts, the chaotic lifestyles among millennial . Global Fast Food Market Analysis and Forecast by Sales Channel 7.1. Europe Fast Food Market Segments Share: The Europe fast food market is segmented based on the product and geography. Others 11.7. Get directions. A five-year forecast of the market and noted trends. The average amount Americans spend on fast food in a year. Ticker. The North America fast food market is estimated to reach $272.51 Billion by 2025 from $191.45 Billion in 2019, at a CAGR of 4.7% during 2019-2025. Hamburger fast food restaurants account for 30% of industry sales. It aims to recommend analysis of the market with regards to growth trends, prospects, and player's contribution in the market development. $ 545.00 (Excl.Tax) Market Sizes Fast Food Foodservice US. These estimates were made before the Coronavirus (COVID-19) pandemic. Download chart data in Excel format. There has been a definite impact of the coronavirus outbreak on the overall foodservice business, with various segments affected in varying degrees in the United Kingdom. Economic and social conditions in the Philippines were very favourable to the fast food industry as at the end of the review period. Segmental Insights . A New Market Study, Titled "Fast Food Market Upcoming Trends, Growth Drivers and Challenges" has been featured on fusionmarketresearch. The global fast-food market size is expected to reach USD 813.9 billion by 2028, registering a CAGR of 4.6%. Canada Fast Food Market, Share, Insight, Forecast Report 2022-2027: Industry Trends, Growth, Size, Impact of COVID-19, Company Analysis - ResearchAndMarkets.com March 01, 2022 10:30 AM Eastern . The rise in disposable income and speedy urbanization of the food industry are the key factors fueling market growth. [+] and KFC are shown on May 06, 2021 in Chicago, Illinois. China is the largest market for KFC outside of the United States. The Organic Fast Food Market report (2022-2027) covers segment data, including: type segment, industry segment, channel segment etc. Press release from: ORION MARKET RESEARCH. The latest report is committed to delivering an in . 7. However that market share is sliding, and Mexican food in particular has been gaining. The global fast food and quick service restaurant market reached a value of US$ 232.3 Billion in 2021 and is exhibiting at a CAGR of 4.9% during 2022-2027. The global Fast Food Market size was calculated to be USD 647.7 billion in 2021, and it is envisioned to reach USD 931.7 billion by the end of 2027 at a CAGR of 4.6% over the prediction period. Robust and transparent research methodology, conducted in-country. Brands (YUM), which . [ 15] Ray Kroc acquired the rights to the McDonald's company from Dick and Mac McDonald in 1961 for $2.7 million (about $23.6 million today). In 2019, McDonald's controlled an impressive 21.4 percent, with Starbucks coming in a distant second at 7.52 percent. Fast Food Market size was valued at USD 660.20 Million in 2020 and is projected to reach USD 896.95 Million by 2028, growing at a CAGR of 3.91% from 2021 to 2028. Share. End User - Global Fast Food Market. During the year ending in March, Americans spent nearly $281.6 billion on fast food - which gained the 7.1% of market share by dollars that full-service restaurants shed, the NPD data show. Mon. The global fast food market was valued at US$ 647.7 billion in the base year of the study i.e. Industry Trends, Growth, Share, Insight, Impact of COVID-19, Company Analysis, Forecast 2022-2027. The global fast food market is expected to attain a value of USD 843.4 Billion by 2026, registering a CAGR of 5.6% during the forecast period, 2019-2026. The nascent e-commerce industry has received a flip with new growth opportunities. When all fast food restaurants are considered, including those that don't serve burgers, McDonald's owns the biggest share of the market. Fast . Businesses must adopt world-class solutions, such as this market research report, to thrive in this ever changing market landscape. 8. Europe Fast Food Market Value Share Analysis, by Country 11.8. McDonald's had a revenue of $27 billion in 2011, making it the 90th largest economy in the world at the time. According to the National Restaurant Association, restaurants are the Nation's second-largest private-sector employer, providing jobs for 1 in 10 workers in the U.S. The global fast food industry is expected to grow at a CAGR of 5.1% by 2027. Aided by heightened adoption of innovative strategies in the production of fast food and growing working population, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.2%. The Fast Food Market will grow by USD 75.85 bn during 2020-2024. . The global fast food industry is expected to grow at a CAGR of 5.1% by 2027. Robust and transparent research methodology, conducted in-country. Street Vendors 11.6.3. The COVID-19 pandemic is affecting the food industry in many ways, as the fear of . Pizza parlors account for 15% of market share. The MarketWatch News Department was not involved in the creation of this content. And of course, much more. cover different segment Organic Fast Food Market size, both . Market Share of Fast Food Restaurants in the USA, 2013. Product Type - Global Fast Food Market. . This report covers fast food and takeaway restaurants which have a restricted or set menu, limited . The global fast food market has been segmented on the basis of type, distribution platform, and region. The growing convenience and affordability of fast food is a major . 13 Fast food Market: Regional share (%) analysis, 2020 & 2028 Figure. The US fast food industry market size (by revenue) is $296.6 billion as of 2021. 8.1 Full-Service Restaurant CHICAGO, ILLINOIS - MAY 06: Fast-food chicken sandwiches from McDonald's, Popeyes Louisiana Kitchen . Company Profiles (Details Overview . 14 Fast food market: Estimated company market position analysis, 2020 Note: Product cover images may vary from those shown In 2019, McDonald's controlled an impressive 21.4 percent, with Starbucks coming in a distant second at 7.52 percent. . McDonald's. ( NYSE:MCD) $173 billion. The COVID-19 pandemic placed unprecedented stress on food supply . Fast Food Market Size, Share & Trends Analysis Report By Product (Burgers/Sandwich, Asian/Latin American), By End Users (Fast Casual Restaurants, QSRs), By Region (North America . . The UK Fast Food market is leading the market due to the emergence of major players in the region, coupled with the workforce's high . In 2020, the size of the Fast Food Industry was $636B and is projected to grow 4% in 2021. 6.1 By Product Type 6.2 By End User 6.3 By Region. Market share assessments for the regional and country-level segments Strategic recommendations for the new entrants Fast Food and Fast Casual Restaurants - 2022 U.S. Market Research Report with Updated COVID-19 Forecasts. 80%. Market share of leading brands in the U.S. fast food industry in 2010 Food and drink sales of retail-host restaurants in the U.S. 2009-2017 States with the fastest restaurant job growth in the U.S . Fast Food Market Size, Share & COVID-19 Impact Analysis, By Product Type (Burger & Sandwich, Pizza & Pasta, Asian & Latin American Food, and Others), Service Type (On-Premise and Delivery & Take Away), and Regional Forecast, 2021-2028 DUBLIN, Nov. 9, 2020 /PRNewswire/ -- The "Fast Food and Quick Service Restaurant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to . McDonald's is the market leader in fast food restaurants in the USA, with a market share of 21.7 percent in 2013 followed by Yum! Figure. Fast Food Market Share is dominated quite heavily by McDonalds´s. Canada Fast Food Market Size was US$ 31.8 Billion in 2021. Of Americans visit a fast food restaurant once a month. All of the top ten fast food brands globally in 2020 have their roots in the United States. Description. The burger/sandwich segment led in terms of fast casual restaurant market share in 2019 and is expected to retain its dominance throughout the forecast period. The Organic Fast Food Market report (2022-2027) covers segment data, including: type segment, industry segment, channel segment etc. The 2021 online food delivery market worth is $151,526 billion. There are over 200,000 fast food restaurants in the United States and it is estimated that 50 million Americans eat at one of them every single day. 918 N Market St. Waterloo, IL 62298. Quick Service Restaurant (QSR) 11.6.2. An assessment of the competitive landscape and market shares for major companies. Historic volume and value sizes, company and brand market shares. Five year forecasts of market trends and market growth. Social Increasing consumer awareness about healthy lifestyles has pressured many fast-food players to offer healthier selections within their menus (BBC, 2011). Introduction 7.2.1. Detailed segmentation of international and local products. Fast food is defined as food that is quick to prepare and serve. The industry is expected to have an annual growth of 2.5% for the next several years - below the long term average but coming back from a several year slump. Fast Food Market: Competitive Dashboard 14.4. Europe Fast food Market Value, Market Share, and Forecast to 20275.1 Europe Fast food Market Overview, 20205.2 Europe Fast food Market Revenue and Forecast, 2021-2027 (US$ Million)5.3 Europe Fast . [ 21] McDonald's is the largest distributor of toys in the world. The research report also specifies that the global fast food market will expand and hit the evaluation mark of US$ 931.7 billion by the end of the forecast period i.e. Home delivery 11.6.4. Health focus: Major chains are promising to source fresher ingredients with fewer additives. (Photo Illustration by Scott Olson . in-depth assessments of the industry in the United States with over 100+ data sets covering 2013-2026. Fast food Market, Size, Share, Outlook 2020 to 2026 is a premium global market research report focusing on factors driving and challenging the industry, Market Trends, recent industry developments, Key Players Analysis, market share, size, forecast, segmentation, Business Profiles of Leading Companies. Improved purchasing power pushed an even higher frequency of spending on food and the increasingly busy lifestyles of Filipinos, especially for the emerging middle class . Global Fast Food Market: Market Share Analysis 14.2. Fast food is defined as the food that is prepared and served at . Global Fast Food Market. QSR Sales - Top Five Segments by Market Share KFC held 2.82 percent of market share, and Subway owned 2.8 percent. McDonald's had a revenue of $27 billion in 2011, making it the 90th largest economy in the world at the time. The estimated global market value for the fast food industry by 2027. Europe Fast Food Market Forecast, by Distribution Channel 11.6.1. It acts as an alternative to home cooked food. North America Fast food Market Value, Market Share and Forecast to 2027 6.1 North America Fast food Market Overview, 2020 6.2 North America Fast food Market Revenue and Forecast, 2021-2027 (US . Health focus: Major chains are promising to source fresher ingredients with fewer additives. Description. During a Q3 earnings call last month, McDonald's MCD +0.7% CEO Chris Kempczinski said his company has gained "significant . Historic volume and value sizes, company and brand market shares. The global fast-food market attained a value of USD 617.9 billion in 2020, driven by the increased prevalence of food delivery apps. In 2019, . KFC held 2.82 percent of market share, and Subway owned 2.8 percent. This Kentley Insights report includes historical and forecasted market size, product lines, profitability . The market is projected to grow from USD 972.74 billion in 2021 to USD 1,467.04 billion by 2028 at a CAGR of 6.05% during the 2021-2028 period. Among these, pizza/pasta segment is expected to register the highest growth in . Fast Food and Quick Service Restaurant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. Menu. Location & Hours. When all fast food restaurants are considered, including those that don't serve burgers, McDonald's owns the biggest share of the market. Since the opening of the first outlet here in 1979, McDonald's has expanded rapidly and owned around 40% market share in the fast food industry currently. Additionally, digitization in the region is redefining the way consumers are drawn to fast food. US fast food and quick service restaurants market is expected to grow with a considerable CAGR of 4.7% during the forecast period (2020-2026). The fast food market size was valued at $647.7 billion in 2019 and is estimated to reach $931.7 billion by 2027, growing at a CAGR of 4.6% during the forecast period. The United States fast food market continues to be dominated by hamburger fast food restaurants, accounting for over 30% of industry sales. 2.2%. The Cambodian foodservice market was valued at USD 1,711.41 million in 2020 and is projected to register a CAGR of 13.57% during the forecast period (2021-2026). Fast Food Market 2022 Size, Share, Growth, Trends . As the COVID-19 pandemic is rapidly accelerating the transition to digital commerce, consumers are . Fast Food & Takeaways in US (2018) - Market Sizes. Fast Food in the Philippines. 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