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Global Fast Food Market: High Growth in Fast Food Chains Noticed by Variant Market Research

Global Fast Food Market is estimated to reach $850.6 Billion by 2024; growing at a CAGR of 5.5% from 2016 to 2024.
Manoj Kumkar | 19.12.2017
© Manoj Kumkar
According to the latest report published by Variant Market Research, the global fast food market is projected to reach $850.6 Billion by 2024, from $556.1 Billion in 2016, at a CAGR of 5.5% from 2016 to 2024.

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Changing food habits to drive the global fast food market

The global fast food market is driven by factors such as growing disposable income, high growth in fast food chains, increasing number of working women, and changing food habits. Though, rising health awareness among consumers may hamper the market growth. Furthermore, customization and innovative technologies in fabricated foods would provide an opportunity for market players of fast food.

Market Segmentation

The global fast food market is classified into product type and geography. Product type segment includes pizza/pasta, burger/ sandwich, Asian/Latin American food, chicken, sea-food, and other foods. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, India, Thailand, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in the global fast food market.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/food-beverages/fast-food-market/toc

Asian/Latin American food, by product type, is estimated to dominated the global market in 2016

Asian/Latin American food held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to presence of several types of spices in the Asian/Latin American food.

RoW is estimated to witness fastest CAGR from 2016 to 2024

RoW is predicted to grow at a fastest CAGR over the forecast period 2016 to 2024.The growth is attributed to investment friendly environment and increasing disposable income in the region.

Competitive Landscape

The key market players of the market are Wendy’s International Inc., McDonald’s, Domino’s Pizza Inc, Burger King, Dunkin’ Brands Group, Inc., Pizza Hut, Papa John’s Pizza, Subway, Kentucky Fried Chicken, and International Dairy Queen, Inc., among others.

To browse the complete report, visit @ https://www.variantmarketresearch.com/report-categories/food-beverages/fast-food-market

Scope of Global Fast Food Market
Product Type Segments
• Burger/ Sandwich
• Chicken
• Pizza/Pasta
• Asian/Latin American Food
• Sea-Food
• Other Product Types

Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Others
• Asia Pacific
o China
o Indonesia
o Australia
o South Korea
o Taiwan
o Thailand
o Others
• RoW
o South America
o Middle East
o Africa

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About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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