Fast Food Market to Hit $813.9 Billion by 2028, Increasing Online Food Delivery … – Press Release

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San Francisco, March 14, 2022 (GLOBE NEWSWIRE) — The global fast-food market size is expected to reach USD 813.9 billion by 2028, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The rise in disposable income and rapid globalization of the food industry are the key factors driving the market growth. The increasing middle-class population coupled with the advent of online delivery apps and e-commerce websites is compelling companies operating in the market to expand their reach through introducing new food varieties and flavors.

Key Insights & Findings from the report:


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  • Based on end-user, the market is characterized into Quick Service Restaurants (QSRs), fast-casual restaurants, and others.
  • The QSRs end-user segment accounted for the largest revenue share of the global market in 2020 owing to the high demand for international cuisines.
  • In 2020, North America was the dominant regional market on account of the high disposable income levels and demand for innovative food flavors.
  • Asia Pacific, on the other hand, is anticipated to witness the fastest growth rate over the forecast period.
  • This growth can be credited to the factors, such as rapid urbanization and discretionary income coupled with favorable demographics, which drive the demand for fast foods.

Request a free sample copy or view report summary: “Fast Food Market Size, Share & Trends Analysis Report By Product (Burgers/Sandwich, Asian/Latin American), By End Users (Fast Casual Restaurants, QSRs), By Region (North America, APAC), And Segment Forecasts, 2021 – 2028“, published by Grand View Research.

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