Report Id: SNS/F&B/1736 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Fast Food Market Size was esteemed at USD 523.7 billion out of 2021 and is supposed to arrive at USD 746.8 billion by 2028, and develop at a CAGR of 5.2% over the forecast period 2022-2028.
Inexpensive food is characterized as food that rushes to plan and serve. It goes about as a choice of home-prepared food. Cheap food is prevalently utilized in eateries, lodgings, and cheap food places. Also, it works with a simple arrangement and safeguarding of food. The ascent in several eateries and lodgings is credited to more rapid urbanization and globalization, which thus is supposed to help the development of the cheap food market.
Besides, ascend in well-being cognizance among customers and expanded interest in solid and delicious food drive the market development. There region parcel of ascending in worries connected with cheap food. Explores asserted that utilization of inexpensive food causes overweight, stoutness, and other clinical issues. The medical problem is the greatest limitation in the cheap food market development. This ascent in worries has driven individuals to change from cheap food to quick easygoing food. The cheap food market is losing its portion of the overall industry to quick easygoing food.
The greater part of the quick food varieties accessible these days are solid and help in the weight reduction with the right blends and extents of different food varieties. There has been an expansion in the interest for cheap food over the past decade’s new item types dispatches have penetrated the food business. Additionally, the use of these items by various end clients like full-administration cafés, inns and resorts, and fast assistance eateries is supposed to drive the development of this market.
Aunt Anne’s is expressing goodbye to its Pennsylvania roots and dropping down south. The pretzel domain, a staple at shopping centers the nation over, is moving its central command from Lancaster to Atlanta, reports Lancaster Online. That is additionally where Auntie Anne's proprietor, Focus Brands, is found.
Changing customer conduct and higher spending on food.
The developing number of QSRs in creating as well as evolved nations.
Expanding mindfulness among shoppers connected with the medical problems because of food utilization.
The majority of the quick food sources accessible these days are solid and help in the weight reduction with the right blends and extents of different food varieties.
the use of these items by various end clients like full-administration eateries, inns, and resorts.
The inexpensive food market is losing its portion of the overall industry to quick easygoing food.
Impact of Covid-19:
The COVID-19 pandemic has seriously affected the food and café industry. Diminished purchaser spending and disturbances in the store network impacted the business generally. What's more, the expanded mindfulness about the utilization of quality food sources impacted the market development during the pandemic. Nonetheless, the market is supposed to recover its interest present pandemic owing to an ascent in the number of cheap food establishments and expanding interest in online food conveyances. Moreover, the ascent in the functioning populace is supporting business sector development.
Impact of the Ukraine and Russia war:
America's cheap food monsters have a great deal on the line amid the raising circumstance between Russia, Ukraine, and the remainder of the world. That is to a great extent since Western inexpensive food players have extended essentially into Russia with their modest burgers and seared chicken throughout recent years. McDonald’s, Papa John's, KFC, Pizza Hut, Burger King, and Starbucks work around 2,700 cafés in Russia. It's hazy if Russia will move to screen these U.S.- conceived cheap food spots as the West conveys approvals to punish the country for its attack on Ukraine. However, chiefs in the business are dropping rapidly to pack down any worries among financial backers of expected lost business.
Given the type, the Asian/Latin American food section represented the greatest offer. Asian/Latin American food has been quite possibly the most favored option of cheap food among the buyer, because of an expansion popular among twenty to thirty-year-olds combined with a flood deprived of prepared-to-eat food varieties.
Given end-client, the speedy help cafés portion leads the market and is supposed to overwhelm the market all through the gauge period. Speedy help cafés produce handled food in mass to satisfy the developing interest of clients. Furthermore, expanded web entrance and speedy admittance to cell phones have brought about additional buys through internet-based channels.
Key Market Segmentation:
By Product Type:
Asian/Latin American Food
Quick Service Restaurants
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
North America and Europe as the ordinary business sectors for cheap food have caught a terrific piece of the pie in the new past, attributable to weighty reliance on comfort inferable from a bustling way of life and popularity of helpful eatery food. In addition, the sound changes in cheap food menus and the presentation of natural cheddar, natural vegetables, chemical-free meat, and normal fixings have contributed to the development of these business sectors. In any case, arising locales like the Asia Pacific, the Middle East, Africa, and Latin America are ready to hold onto the cheap food market at a fast speed sooner rather than later. Ideal socioeconomics, expanding extra cash and buying power, more prominent urbanization, and quick reception of the Western way of life have considerably made the future more brilliant for the creating markets.
Auntie Anne's, INC, Cinnabon Franchisor SPV LLC, Domino’s Pizza, INC, Dunkin’ Brands Group, Inc, Hardee's Restaurants LLC, Firehouse Restaurant Group, Inc, Jack in The Box INC., McDonald’s, Restaurant Brands International Inc, INC, and YUM! BRANDS, INC.
|Market Size in 2021||US$ 523.7 Billion|
|Market Size by 2028||US$ 746.8 Billion|
|CAGR||CAGR 5.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Pizza/Pasta, Burger/Sandwich, Chicken, Asian/Latin American Food, Seafood, and Others)
• by End User (Food-Service Restaurants, Quick Service Restaurants, Caterings, and Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Auntie Anne's, INC, Cinnabon Franchisor SPV LLC, Domino’s Pizza, INC, Dunkin’ Brands Group, Inc, Hardee's Restaurants LLC, Firehouse Restaurant Group, Inc, Jack in The Box INC., McDonald’s, Restaurant Brands International Inc, INC, and YUM! BRANDS, INC.|
|Key Drivers||•Changing customer conduct and higher spending on food.
•The developing number of QSRs in creating as well as evolved nations.
|Market Challenges:||•The inexpensive food market is losing its portion of the overall industry to quick easygoing food.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: The base year calculated in the Fast-Food Market report is 2021.
Ans: Auntie Anne's, INC, Cinnabon Franchisor SPV LLC, Domino’s Pizza, INC, Dunkin’ Brands Group, Inc, Hardee's Restaurants LLC, Firehouse Restaurant Group, Inc, Jack in The Box INC., McDonald’s, Restaurant Brands International Inc, INC, and YUM! BRANDS, INC.
Ans: Expanding mindfulness among shoppers connected with the medical problems because of food utilization and the inexpensive food market is losing its portion of the overall industry to quick easygoing food are the restrains/challenges faced by the Fast-Food market.
Ans: The Global Fast Food Market Size is supposed to arrive at USD 746.8 billion by 2028, and develop at a CAGR of 5.2% over the forecast period 2022-2028.
Table of Contents:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Covid 19 Impact Analysis
4.2 Impact of the Ukraine and Russia war
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Fast Food Market segmentation, by Product Type:
8.4 Asian/Latin American Food
9. Global Fast Food Market segmentation, By End-User:
9.1 Food-Service Restaurants
9.2 Quick Service Restaurants
10. Global Fast-Food Market, by region/ country
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company profiles
11.1 Auntie Anne's
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 INC Cinnabon Franchisor SPV LLC
11.3 Domino’s Pizza, INC
11.4 Dunkin’ Brands Group, Inc
11.5 Hardee's Restaurants LLC
11.6 Firehouse Restaurant Group, Inc
11.7 Jack in The Box INC.
11.9 Restaurant Brands International Inc, INC
11.10 YUM! BRANDS, INC.
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.