Fast Food Market to Reach USD 743,859 Mln in Revenue by 2022-end, States Allied Market Research in Its Report Published at MarketPublishers.com21 Feb 2017 • by Natalie Aster
LONDON – The world fast food market revenue is projected to increase from USD 533,244 million as of 2015 to amount to USD 743,859 million by 2022-end, at around a 4.85% CAGR during the forecast period.
Changing schemes of life like tight schedules and women in the workforce have necessitated small meals, which resulted in the growth of the marketplace. Growing female labour force participation rates because of which women do not have enough time to cook meal, surging number of quick service restaurants resulting in ready access to the fast food, and tech-savvy ordering have stimulated the market expansion and growth. Additionally, a hike in exposure to international food supply chains via media and travelling will likely give a boost to the market.
Meantime, high costs associated with the establishment of a restaurant/food truck are predicted to hinder the market growth. Furthermore, an upsurge in health consciousness among obese and overweight people has also acted as a restraint to the fast food market growth.
The market is set to grow in the offing by providing menu according to the region and specific tastes of people, introducing modified fast food menus, and expanding food-delivery services beyond restaurants.
In-demand research report “Fast Food Market by Product Type - Global Opportunity Analysis and Industry Forecast, 2014-2022” elaborated by Allied Market Research offers a comprehensive discussion of the marketplace on a global scale.
The report gives a profound analysis of the market, categorized based on fast-food product types and by geography. The research explores major drivers, hindrances and opportunities pertaining to this market space. It investigates the market across geographical regions and countries with insights into the major opportunities. The study outlines the current and future trends; estimates the current market size and offers market size projections through to 2022; and contains Porters five forces analysis. To understand the competitive scene of the global fast food market the report sheds light on the leading market players.
More in-demand studies by Allied Market Research are available at its page.