Fast Food Market - by Type (Chicken, Burger/Sandwich, Asian/Latin American Food, Pizza/Pasta, Sea-Food, and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Description

The global Fast Food market, which was estimated at 701(USD Billion) in 2019 and is predicted to accrue earnings worth 900 (USD Billion) by 2026, is set to record a CAGR of nearly 4.20% over 2020-2026. The report offers valuation and analysis of Fast Food market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Fast food is a best alternative for home-made meals that can be prepared rapidly and can be served easily. Moreover, fast foods are sold in hotels and they possess preheated ingredients. These foods are served to the consumer in a wrapped manner or in the form of parcel. Apparently, these food products possess huge fat, sugar, and sodium contents and can cause obesity as well as health-related issues. Additionally, this diet comprises of few micro-nutrients.

Market Growth Drivers

Hectic lifestyle and growing corporate culture is anticipated to drive the market trends. In addition to this, increase in the fast food chains like McDonald and Domino across the globe will contribute sizably towards the overall market earnings in the coming years. Apart from this, delicious fast food available in various flavors is anticipated to amplify the growth map of fast food industry over the forthcoming years. In addition to this, rise in the online ordering of food and app-based food delivery services are likely to make notable contributions towards the fast food market over the ensuing years. Apparently, increase in the food retail stores in the countries of North America and Europe is slated to accentuate the growth of the fast food industry over the forthcoming years. With the market being highly fragmented, big players are trying to enter into partnerships with other small players to retain major chunk of the market share, thereby driving the market profitability. Nonetheless, rise in the health issues like digestion problems, constipation, and gastrointestinal issues created due to regular intake of fast food products will hamper the market growth in the foreseeable future.

North American Market To Witness Lucrative Growth Over 2020-2026

The regional industry expansion over the assessment timespan is ascribed to presence of key players in the countries like the U.S. In addition to this, growing preference of the working populace towards intake of fast food products in the countries of North America will further contribute towards the market size in the region during the period from 2020 to 2026. Demand for new textures & flavors and changing food habits are few of the key factors that are predicted to enhance the product penetration in the North American countries over the forecasting years.

Key participants profiled in our study are Jack in the Box Inc., Dunkin Brands, McDonald’s Corporation, Dairy Queen, Yum! Brands Inc., Burger King Worldwide Inc., Doctor’s Associates Inc., Wendy’s International Inc, Domino’s Pizza Inc, and Papa John’s Pizza.

This report segments the global fast food market as follows:

Global Fast Food Market: Type Analysis

• Chicken
• Burger/Sandwich
• Asian/Latin American Food
• Pizza/Pasta
• Sea-Food
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Table Of Content

• Chapter 1. Introduction
  • 1.1. Report description and scope
  • 1.2. Research scope
  • 1.3. Research methodology
    • 1.3.1. Market research process
    • 1.3.2. Market research methodology
• Chapter 2. Executive Summary
  • 2.1. Global market revenue, 2016 - 2022 (USD Billion)
  • 2.2. Global fast food market: Snapshot
• Chapter 3. Fast food Market – Global and Industry Analysis
  • 3.1. Fast food : Market dynamics
  • 3.2. Market drivers
    • 3.2.1. Drivers of global fast food market: Impact analysis
    • 3.2.2. Drive-thru facility at fast food joints
  • 3.3. Market restraints
    • 3.3.1. Restraints of global fast food market: Impact analysis
    • 3.3.2. Rising health concern
  • 3.4. Opportunities
    • 3.4.1. Growing demand from emerging economies
  • 3.5. Porter’s five forces analysis
  • 3.6. Market Attractiveness Analysis
    • 3.6.1. Market attractiveness analysis by type
    • 3.6.2. Market attractiveness analysis by regional
• Chapter 4. Global Fast Food Market - Competitive Landscape
  • 4.1. Company market share, 2016
    • 4.1.1. Global fast food market : company market share, 2016
  • 4.2. Strategic Development
    • 4.2.1. Acquisitions & Mergers
    • 4.2.2. New Type Launch
    • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.2.4. Research and Development, Type and Regional Expansion
• Chapter 5. Global Fast Food Market –Type Analysis
  • 5.1. Global fast food market: type overview
    • 5.1.1. Global fast food market revenue share, by type, 2016 - 2022
  • 5.2. Chicken
    • 5.2.1. Global chicken fast food market, 2016 – 2022 (USD Billion)
  • 5.3. Burger/Sandwich
    • 5.3.1. Global burger/sandwich fast food market, 2016 – 2022 (USD Billion)
  • 5.4. Asian/Latin American Food
    • 5.4.1. Global Asian/Latin American food fast food market, 2016 – 2022 (USD Billion)
  • 5.5. Pizza/Pasta
    • 5.5.1. Global pizza/pasta fast food market, 2016 – 2022 (USD Billion)
  • 5.6. Sea-Food
    • 5.6.1. Global sea-food fast food market, 2016 – 2022 (USD Billion)
  • 5.7. Others
    • 5.7.1. Global other fast food market, 2016 – 2022 (USD Billion)
• Chapter 6. Global Fast Food market – Regional Analysis
  • 6.1. Global fast food market: Regional overview
    • 6.1.1. Global fast food market revenue share by region, 2016 - 2022
  • 6.2. North America
    • 6.2.1. North America fast food market revenue, by type, 2016 – 2022 (USD Billion)
  • 6.3. Europe
    • 6.3.1. Europe fast food market revenue, by a type, 2016 – 2022 (USD Billion)
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific fast food market revenue, by type, 2016 – 2022 (USD Billion)
  • 6.5. Latin America
    • 6.5.1. Latin America fast food market revenue, by type, 2016 – 2022 (USD Billion)
  • 6.6. Middle East and Africa
    • 6.6.1. Middle East and Africa fast food market revenue, by type, 2016 – 2022 (USD Billion)
• Chapter 7. Company Profile
  • 7.1. McDonald’s Corporation
    • 7.1.1. Overview
    • 7.1.2. Financials
    • 7.1.3. Product portfolio
    • 7.1.4. Business strategy
    • 7.1.5. Recent developments
  • 7.2. Yum! Brands Inc.
    • 7.2.1. Overview
    • 7.2.2. Financials
    • 7.2.3. Product portfolio
    • 7.2.4. Business strategy
    • 7.2.5. Recent developments
  • 7.3. Wendy’s International Inc
    • 7.3.1. Overview
    • 7.3.2. Financials
    • 7.3.3. Product portfolio
    • 7.3.4. Business strategy
    • 7.3.5. Recent developments
  • 7.4. Burger King Worldwide Inc
    • 7.4.1. Overview
    • 7.4.2. Financials
    • 7.4.3. Product portfolio
    • 7.4.4. Business strategy
    • 7.4.5. Recent developments
  • 7.5. Doctor’s Associates Inc
    • 7.5.1. Overview
    • 7.5.2. Financials
    • 7.5.3. Product portfolio
    • 7.5.4. Business strategy
    • 7.5.5. Recent developments
  • 7.6. Jack in the Box Inc
    • 7.6.1. Overview
    • 7.6.2. Financials
    • 7.6.3. Product portfolio
    • 7.6.4. Business strategy
    • 7.6.5. Recent developments
  • 7.7. Domino’s Pizza Inc
    • 7.7.1. Overview
    • 7.7.2. Financials
    • 7.7.3. Product portfolio
    • 7.7.4. Business strategy
    • 7.7.5. Recent developments
  • 7.8. Dunkin Brands
    • 7.8.1. Overview
    • 7.8.2. Financials
    • 7.8.3. Product portfolio
    • 7.8.4. Business strategy
    • 7.8.5. Recent developments
  • 7.9. Dairy Queen
    • 7.9.1. Overview
    • 7.9.2. Financials
    • 7.9.3. Product portfolio
    • 7.9.4. Business strategy
    • 7.9.5. Recent developments
  • 7.10. Papa John’s Pizza
    • 7.10.1. Overview
    • 7.10.2. Financials
    • 7.10.3. Product portfolio
    • 7.10.4. Business strategy
    • 7.10.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Fast Food market. Zion Research has collected and analyzed key data belong to the global Fast Food market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Fast Food across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Fast Food industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

• Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening the secondary research findings
• Further, develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

• Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
• Purchasing managers, technical personnel, distributors and resellers
• Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

• Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
• IDC and other relevant magazines
• Internal and external proprietary databases, and relevant patent and regulatory databases
• National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Fast Food market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

• Demographic data: Population split by segments
• Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
• Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
• Data is then cross-checked by an expert panel.

Free Analysis

Fast food is a type of mass-produced food with high saturated fat, sugar, salt and calories. Typically, the term refers to food available in a restaurant or store with preheated or precooked ingredients, and served to the customer in a packaged form for take-out or to be consumed on the premises. According to the National Institutes of Health (NIH), fast foods are quick alternatives to home-cooked meals.  They provide delivery options in a relatively small time. Fast food options include fries, burgers, pizzas, sandwiches etc.

Drive-thru facility at fast food joints is expected to drive the market growth further. The sharp rise in adoption of western fast food among the emerging economies is anticipated to reinforce the growth of the fast food market in upcoming years. Rising hectic lifestyle with dual income is anticipated to elicit the demand for fast food in the forecast period. Moreover, growing fondness towards inexpensive food with no waiting time may further prompt the fast food market growth over the coming years. However, the shift in preference for natural and healthy food owing to the occurrence of obesity in the developed countries may obstruct the growth of the fast food market. Nevertheless, the introduction of healthy food on the fast food menu cards may offer ample opportunities for the fast food market in the forecast period.

The fast food market can be segmented based on types such as chicken, burger/sandwich, Asian/Latin American food, pizza/pasta, seafood, and others. Burger/sandwich emerged as the potent segment in 2015 and is expected to maintain this trend across the forecast period. Easy availability along with the presence of varied flavors is expected to spur the burger/sandwich market in coming years. Pizza/pasta is gaining flame owing to its taste and a wide range of product line. Pizza had footmark its presence worldwide this was mainly due to various outlets of pizza across the globe.

North America followed by Europe held the largest chucked off the total market in 2015 and is expected to maintain their position in the market during the forecast period owing to a majority of the on-the-run population. Rapidly escalating fast food chain around North America is likely to aid the growth of the fast food market in coming years. Asia Pacific is expected to specter elevated growth for the fast food market in the forecast period. This is majorly contributed by the increasing urbanization; rising disposable income and westernized lifestyle. India and China are considered the compelling markets for fast food owing to swift in preference for fast food over the traditional restaurant food. Substantial growth in fast food chains in Brazil and rest of Latin America is expected to bolster the growth of fast food market in the forecast period. Moreover, Latin American food had foothold its market owing to bold favors. The Middle East and Africa is anticipated to show sustainable growth owing to enhancement in living standards and discretional income.

Some of the key players in the fast food are McDonald’s Corporation, Yum! Brands Inc., Wendy’s International Inc, Burger King Worldwide Inc, Doctor’s Associates Inc, Jack in the Box Inc, Domino’s Pizza Inc, Dunkin Brands, Dairy Queen, and Papa John’s Pizza. The presence of various vendors along with street stalls had led to intense competition; therefore the manufacturers in fast food market space practices constant innovation strategy by focusing on research and product development for maintaining their sales in the market.