Looking ahead, IMARC Group expects the market for fast food and quick service restaurants to grow at a CAGR of 5.1% during the period 2021-2026.
STE R SHERIDAN, WYOMING, USA, Nov 29, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled “Fast Food and Fast Food Restaurant Market: Global Industry Trends, Share, size, growth, opportunity and forecast 2021-2026 “, the global fast food and fast food restaurant market reached a value of US $ 260 billion in 2020. They are usually part of a franchise or chain food, in which standardized ingredients are available for food preparation. These types of restaurants have minimal table service and generally offer take-out. Some of the foods and beverages widely available in these restaurants include pizza, pasta, soft drinks, coffee, tea, juices and burgers.
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The global market is mainly driven by the significant growth of the food and beverage industry. At the same time, the inflation of disposable income, changing eating habits and changing lifestyle preferences of the masses are creating positive prospects for the market. In addition, the busy schedules and busy lifestyles led by working professionals have resulted in an increase in take-out food consumption, thus giving a boost to the growth of the market. Other factors contributing to the growth of the market include increasing penetration of social media, easy availability of food through online delivery options, and innovative marketing strategies adopted by many players. Looking ahead, IMARC Group expects the market for fast food and quick service restaurants to grow at a CAGR of 5.1% during the period 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Competitive landscape with key players:
Ark Restaurants Corp.
Carrols Restaurant Group Inc.
Chipotle Mexican Grill Inc.
Restaurants Del Taco Inc.
Jack in The Box Inc.
Kotipizza Oyj Group (Orkla ASA)
International Restaurant Brands Inc.
Yum Brands Inc.
Market segmentation :
Breakdown by economic model:
Channel and Franchise
Breakdown by kitchen:
Turkish and Lebanese
Breakdown by product type:
Burger and Sandwiches
Pizzas and Pasta
Drinks and desserts
Chicken and seafood
Breakdown by type of service:
an online service
Breakdown by region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
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Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Market drivers and success factors
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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