PUBLISHER: Renub Research | PRODUCT CODE: 1438307
PUBLISHER: Renub Research | PRODUCT CODE: 1438307
Fast Food Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global Fast Food Market is predicted to be priced at around US$ 1,075.83 Billion by 2030, according to Renub Research. Food is known to play an essential role in developing and preventing many diseases. The practice of taking food also differs from society to society. Globalization and urbanization have greatly affected people's eating habits and propelled many people to consume fancy and high-calorie fast foods, popularly known as 'Junk food.' Fast food is essential as it is convenient food and easy to eat. Food eaten outside the house is now becoming a necessary everyday element of life. These quick changes in the levels and composition of dietary and activity/inactivity patterns in transitional societies are related to several socioeconomic and demographic changes.
Global Fast Food Market is foreseen to increase at a CAGR of 5.28% from 2024 to 2030
Rapid industrialization and urbanization worldwide are the key factors driving fast food market growth. Also, the rising disposable income of consumers is again expected to support the market growth during the forecast period. The major companies in the fast food market are focusing on increasing the efficiency of their operations to minimize operating costs and increase profitability. They are putting money into technology and automation to streamline their procedures. Moreover, they focus on marketing and promoting to improve their brand visibility in the global market.
Digital technology and delivery services are crucial in driving the global market, which has transformed the industry in many ways. Their impact is seen in several features of the fast food business, from improving customer comfort to developing operational efficiency. The fast food chains have highly developed mobile apps and user-friendly websites that allow customers to browse menus, customize orders, and place orders in a few taps. This convenience is increasingly a motive for more constant and extensive requests. Fast food chains increasingly use customer data to offer personalized recommendations, promotions, and loyalty rewards, creating a more engaging and tailored experience. Digital technology connects order-taking systems to kitchen display systems, reducing order errors and expediting food preparation. It also helps to manage inventory in real-time, ensuring that ingredients are available to meet customers' demands and minimize waste. So, the global fast food market was US$ 750.45 Billion in 2023.
Furthermore, an increase in the working population is supporting market growth. Nowadays, several restaurants offer delivery services and meal kits, which adds to the demand for fast food services. The rise in customer snacking habits also propels the need for fast food. On the other hand, the Asian fast-food segment is projected to register the most rapid increase over the forecast period. Increasing demand for diverse food products is driving the development of this segment.
Burgers and sandwiches have one of the highest shares in the global fast food market
By product types, the international fast food market is divided into Pizza/Pasta, Burger/Sandwich, Chicken, Asian/Latin American Food, Seafood, and Others. The burger/sandwich segment is expected to have one of the highest share in the near future. The enormous demand for a product is the cause. Also, the abundance of burger options, including protein options like beef, venison, and several others, can be credited with the rising demand for burgers and sandwiches. Furthermore, several food service providers are experimenting with various cheese, bacon, onion, and meatloaf fillings.
QSR (Quick Service Restaurants) segment is popular in the fast food market
By end-users, the global fast food market is fragmented into Quick Service Restaurants, Fast Casual Restaurants, Catering, and Others. The Quick Service Restaurant segment is one of the popular segments in fast-food industry. The market is anticipated to increase while maintaining its top spot. Numerous quick-service eateries have increased their off-premises sales in recent times. Support for delivery applications was improved by providers, which accelerated segment growth. Meanwhile, the expansion of this market is also being fueled by the increasing demand for global cuisines. For example, the market is gaining traction due to the prospects presented by rising globalization and the demand from emerging countries like Brazil and India. The segment will grow with the development of novel cuisines and flavors. For instance, in response to customers' shifting requirements and desires, McDonald's launched the BTS meal.
Major fast food players dominate the United States market due to high demand from the working population
By countries, the global fast food market is categorized into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, and Turkey), Asia Pacific (China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (Saudi Arabia, UAE, and South Africa). The United States fast food sector has dominated the global market. The market expansion is driven by increased consumer expenditure for fast food in the region. The region's industry is rising due to the availability of a wide range of cuisines and reasonably priced snacks and add-ons in various flavors. Fast food chains are using technology highly, which has improved their ordering and delivery services, such as mobile apps, online ordering, and third-party delivery partnerships. The region also sees an influx of international flavors, with chains incorporating global cuisines and fusion dishes into their menus.
Key Players
Starbucks Corp., Papa John's International Inc., Domino's Pizza Inc., TheWendys Co., Performance Food Group, Yum! Brands, Inc., Restaurant Brands International Inc., and Kentucky Fried Chicken (KFC) are in the global fast food market.
In April 2023 - Fast food chain Burger King partnered with delivery management platform Bringg to improve customer experience in Brazil.
Renub Research report titled "Global Fast Food Market By Product Types (Pizza/Pasta, Burger/Sandwich, Chicken, Asian/Latin American Food, Seafood, and Others), End-Users (Quick Service Restaurants, Fast Casual Restaurants, Catering, and Others), Countries (North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, and Turkey), Asia Pacific (China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (Saudi Arabia, UAE, and South Africa)), Company Analysis (Starbucks Corp., Papa John's International Inc., Domino's Pizza Inc., The Wendys Co., Performance Food Group, Yum! Brands, Inc., Restaurant Brands International Inc., and Kentucky Fried Chicken (KFC))" provides a complete study of the Global Fast Food Industry.
Product Types - Global Fast Food Market breakup in 6 viewpoints:
1. Pizza/Pasta
2. Burger/Sandwich
3. Chicken
4. Asian/Latin American Food
5. Seafood
6. Others
End-Users - Global Fast Food Market breakup in 4 viewpoints:
1. Quick Service Restaurants
2. Fast Casual Restaurants
3. Catering
4. Others
Countries - Global Fast Food Market breakup in 25 viewpoints:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherlands
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 UAE
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Starbucks Corp.
2. Papa John's International Inc.
3. Domino's Pizza Inc.
4. The Wendys Co.
5. Performance Food Group
6. Yum! Brands, Inc.
7. Restaurant Brands International Inc.
8. Kentucky Fried Chicken (KFC)
Table of Contents
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Fast Food Market
6. Market Share - Global Fast Food Analysis
- 6.1 By Product Type
- 6.2 By End Users
- 6.3 By Country
7. Product Type - Global Fast Food Market
- 7.1 Pizza/Pasta
- 7.2 Burger/Sandwich
- 7.3 Chicken
- 7.4 Asian/Latin American Food
- 7.5 Seafood
- 7.6 Others
8. End Users - Global Fast Food Market
- 8.1 Quick Service Restaurants
- 8.2 Fast Casual Restaurants
- 8.3 Caterings
- 8.4 Others
9. Country - Global Fast Food Market
- 9.1 North America
- 9.1.1 United States
- 9.1.2 Canada
- 9.2 Europe
- 9.2.1 France
- 9.2.2 Germany
- 9.2.3 Italy
- 9.2.4 Spain
- 9.2.5 United Kingdom
- 9.2.6 Belgium
- 9.2.7 Netherlands
- 9.2.8 Turkey
- 9.3 Asia Pacific
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 South Korea
- 9.3.5 Thailand
- 9.3.6 Malaysia
- 9.3.7 Indonesia
- 9.3.8 Australia
- 9.3.9 New Zealand
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.2 Mexico
- 9.4.3 Argentina
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 South Africa
10. Porter's Five Analysis - Global Fast Food Market
- 10.1 Bargaining Power of Buyers
- 10.2 Bargaining Power of Suppliers
- 10.3 Degree of Rivalry
- 10.4 Threat of New Entrants
- 10.5 Threat of Substitutes
11. SWOT Analysis - Global Fast Food Market
- 11.1 Strength
- 11.2 Weakness
- 11.3 Opportunity
- 11.4 Threat
12. Key Players
- 12.1 Starbucks Corp.
- 12.1.1 Overview
- 12.1.2 Recent Development
- 12.1.3 Revenue
- 12.2 Papa John's International Inc.
- 12.2.1 Overview
- 12.2.2 Recent Development
- 12.2.3 Revenue
- 12.3 Domino's Pizza Inc.
- 12.3.1 Overview
- 12.3.2 Recent Development
- 12.3.3 Revenue
- 12.4 The Wendys Co.
- 12.4.1 Overview
- 12.4.2 Recent Development
- 12.4.3 Revenue
- 12.5 Performance Food Group
- 12.5.1 Overview
- 12.5.2 Recent Development
- 12.5.3 Revenue
- 12.6 Yum! Brands, Inc.
- 12.6.1 Overview
- 12.6.2 Recent Development
- 12.6.3 Revenue
- 12.7 Restaurant Brands International Inc.
- 12.7.1 Overview
- 12.7.2 Recent Development
- 12.7.3 Revenue
- 12.8 Kentucky Fried Chicken (KFC)
- 12.8.1 Overview
- 12.8.2 Recent Development
- 12.8.3 Revenue
List of Figures
- Figure-01: Global - Fast Food Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Fast Food Market (Billion US$), 2024 - 2030
- Figure-03: Product Type - Pizza/Pasta Market (Million US$), 2019 - 2023
- Figure-04: Product Type - Forecast for Pizza/Pasta Market (Million US$), 2024 - 2030
- Figure-05: Product Type - Burger/Sandwich Market (Million US$), 2019 - 2023
- Figure-06: Product Type - Forecast for Burger/Sandwich Market (Million US$), 2024 - 2030
- Figure-07: Product Type - Chicken Market (Million US$), 2019 - 2023
- Figure-08: Product Type - Forecast for Chicken Market (Million US$), 2024 - 2030
- Figure-09: Product Type - Asian/Latin American Food Market (Million US$), 2019 - 2023
- Figure-10: Product Type - Forecast for Asian/Latin American Food Market (Million US$), 2024 - 2030
- Figure-11: Product Type - Seafood Market (Million US$), 2019 - 2023
- Figure-12: Product Type - Forecast for Seafood Market (Million US$), 2024 - 2030
- Figure-13: Product Type - Others Market (Million US$), 2019 - 2023
- Figure-14: Product Type - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-15: End User - Quick Service Restaurants Market (Million US$), 2019 - 2023
- Figure-16: End User - Forecast for Quick Service Restaurants Market (Million US$), 2024 - 2030
- Figure-17: End User - Fast Casual Restaurants Market (Million US$), 2019 - 2023
- Figure-18: End User - Forecast for Fast Casual Restaurants Market (Million US$), 2024 - 2030
- Figure-19: End User - Caterings Market (Million US$), 2019 - 2023
- Figure-20: End User - Forecast for Caterings Market (Million US$), 2024 - 2030
- Figure-21: End User - Others Market (Million US$), 2019 - 2023
- Figure-22: End User - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-23: United States - Fast Food Market (Million US$), 2019 - 2023
- Figure-24: United States - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-25: Canada - Fast Food Market (Million US$), 2019 - 2023
- Figure-26: Canada - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-27: France - Fast Food Market (Million US$), 2019 - 2023
- Figure-28: France - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-29: Germany - Fast Food Market (Million US$), 2019 - 2023
- Figure-30: Germany - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-31: Italy - Fast Food Market (Million US$), 2019 - 2023
- Figure-32: Italy - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-33: Spain - Fast Food Market (Million US$), 2019 - 2023
- Figure-34: Spain - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-35: United Kingdom - Fast Food Market (Million US$), 2019 - 2023
- Figure-36: United Kingdom - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-37: Belgium - Fast Food Market (Million US$), 2019 - 2023
- Figure-38: Belgium - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-39: Netherlands - Fast Food Market (Million US$), 2019 - 2023
- Figure-40: Netherlands - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-41: Turkey - Fast Food Market (Million US$), 2019 - 2023
- Figure-42: Turkey - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-43: China - Fast Food Market (Million US$), 2019 - 2023
- Figure-44: China - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-45: Japan - Fast Food Market (Million US$), 2019 - 2023
- Figure-46: Japan - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-47: India - Fast Food Market (Million US$), 2019 - 2023
- Figure-48: India - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-49: South Korea - Fast Food Market (Million US$), 2019 - 2023
- Figure-50: South Korea - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-51: Thailand - Fast Food Market (Million US$), 2019 - 2023
- Figure-52: Thailand - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-53: Malaysia - Fast Food Market (Million US$), 2019 - 2023
- Figure-54: Malaysia - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-55: Indonesia - Fast Food Market (Million US$), 2019 - 2023
- Figure-56: Indonesia - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-57: Australia - Fast Food Market (Million US$), 2019 - 2023
- Figure-58: Australia - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-59: New Zealand - Fast Food Market (Million US$), 2019 - 2023
- Figure-60: New Zealand - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-61: Brazil - Fast Food Market (Million US$), 2019 - 2023
- Figure-62: Brazil - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-63: Mexico - Fast Food Market (Million US$), 2019 - 2023
- Figure-64: Mexico - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-65: Argentina - Fast Food Market (Million US$), 2019 - 2023
- Figure-66: Argentina - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-67: Saudi Arabia - Fast Food Market (Million US$), 2019 - 2023
- Figure-68: Saudi Arabia - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-69: UAE - Fast Food Market (Million US$), 2019 - 2023
- Figure-70: UAE - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-71: South Africa - Fast Food Market (Million US$), 2019 - 2023
- Figure-72: South Africa - Forecast for Fast Food Market (Million US$), 2024 - 2030
- Figure-73: Starbucks Corp. - Global Revenue (Million US$), 2019 - 2023
- Figure-74: Starbucks Corp. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-75: Papa John's International Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-76: Papa John's International Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-77: Domino's Pizza Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-78: Domino's Pizza Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-79: The Wendys Co. - Global Revenue (Million US$), 2019 - 2023
- Figure-80: The Wendys Co. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-81: Performance Food Group - Global Revenue (Million US$), 2019 - 2023
- Figure-82: Performance Food Group - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-83: Yum! Brands, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-84: Yum! Brands, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-85: Restaurant Brands International Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-86: Restaurant Brands International Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-87: Kentucky Fried Chicken (KFC) - Global Revenue (Million US$), 2019 - 2023
- Figure-88: Kentucky Fried Chicken (KFC) - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Fast-Food Market Share by Product Type (Percent), 2019 - 2023
- Table-02: Global - Forecast for Fast-Food Market Share by Product Type (Percent), 2024 - 2030
- Table-03: Global - Fast-Food Market Share by End User (Percent), 2019 - 2023
- Table-04: Global - Forecast for Fast-Food Market Share by End User (Percent), 2024 - 2030
- Table-05: Global - Fast-Food Market Share by Region (Percent), 2019 - 2023
- Table-06: Global - Forecast for Fast-Food Market Share by Region (Percent), 2024 - 2030
