Fast food industry report
Fast food industry report. 1, 2022) – Today, the National Restaurant Association released its 2022 State of the Restaurant Industry report, which measures the restaurant industry’s continued recovery and examines the status of current and emerging trends across key categories including technology and off-premises business, operations, workforce, food and menus, and more. The report facilitates in-depth insights into the key growth drivers, emerging trends, restraints, challenges, and Nov 1, 2022 · The 2023 U. 6% from 2023 to 2030. McKinsey & Co. Aug 3, 2021 · Don’t go running for that fast food burger just yet, because we’ve got some interesting stats to show you. Fast Food Restaurants (Limited-Service Restaurants) Industry-Industry & Market report. The report features 2021 current and 2022 forecast estimates on the size of the industry (sales The global fast food market size was valued at USD 731. 45% of operators need more employees to meet customer demand. dollars. The 2021 U. Restaurants are hiring: The industry workforce is projected to grow by 200,000 jobs, for total industry employment of 15. 25 Billion by 2029 at a CAGR of 3. published annually by Barnes Reports, contains timely and accurate industry statistics, forecasts and demographics (NAICS 722513). sales in 2012 for the top-20 fast food restaurants, as well as six additional restaurants that ranked in the top-25 for advertising spending on national TV in 2012. Industry market research reports, statistics, analysis, data, trends and forecasts. The customers fueling the surge in food delivery are paying a significant premium over the cost of their average order. Total U. The market size of the quick service restaurant (QSR) industry in the United States reached 382 billion U. x% to /$9. It addresses how the pandemic changed consumers' perceptions and behavior and how these gave way to a global evolution from 'junk food' restaurants to health and environmental-conscious brands. The fast food category of food products is specifically and intentionally prepared to save time and allow quick serving. Mar 1, 2024 · Fast Food Market, Size, Global Forecast Report 2023-2024 and 2030: Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis March 01, 2024 07:05 ET | Source: Research and Markets Dec 20, 2023 · Iced drinks topped with cold foam and added energy shots and fruit flavors have hooked high-school students, social-media influencers and now, some of the world’s biggest fast-food chains May 14, 2024 · Estimated market value of the food service industry in India in 2022 to 2029 (in billion U. Additionally, the growing disposable income of consumers is again expected Jun 14, 2023 · The US fast food industry has a market size of $331. fast casual market is increasing by $55. [1] The fastest form of "fast food" consists of pre-cooked meals which reduce waiting periods to mere seconds. In comparison, restaurants saw a decline of -14. 9% from 2019 to 2026. 2% after adjusting for inflation. The quick-service restaurant (QSR) market has since been Mar 28, 2024 · Europe Fast Food Reports: Our 2024 Europe report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Fast Food market. Rachana Datey (III Internal Assessment III, Subject -Entrepreneurship) Table of Contents Executive Summary Introduction Fresin Fries is a locally owned fast food outlet that will be positioned as an national franchise through our creative approach to the company's image and Jun 17, 2021 · The new report, Fast Food FACTS 2021, finds that the industry’s annual ad spending in 2019 increased by over $400 million since 2012, and that children and teens were viewing on average more than two fast food TV ads per day. 35 percent during the forecast period. Given the fissured nature of the fast-food industry, it is critical that policy makers seek innovative solutions that bring all stakeholders, including frontline workers, together to solve issues like workplace violence in the fast-food industry. We also indicate the 12 restaurants that were the focus of the 2010 Fast Food FACTS report and the 18 restaurants detailed in this report. QSR operators will need to work harder for consumers’ dining dollars, justifying the increase in menu prices by improving The South Africa fast food market size was valued at $2. QSR operators will need to work harder for consumers’ dining dollars, justifying the increase in menu prices by Apr 25, 2024 · Market size of the fast food and takeaway industry in the United Kingdom from 2013 to 2023, with a forecast for 2024 (in billion British pounds) [Graph], IBISWorld, November 29, 2023. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. com's offering. 5%. 12 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7. $ 4,995 (Excl. The pandemic inspired fast casuals to adopt drive-thrus and delivery, marking the beginning of a new innovation era that has led to new restaurant designs and technological solutions to supply chain and labor shortage challenges. outlined a long-term trend toward a 50/50 split of U. The rapid industrialization and urbanization worldwide are key factor driving fast food market growth. The players in the fast food industry have adopted Consumer Spending Report, versus December 2019, consumer spend at takeaway and fast-food outlets increased by +62. 4 billion from 2022 to 2027, growing at a CAGR of 11. It is projected to reach USD 1087. Fast Food Restaurants (Limited-Service Restaurants) Industry-Industry & Market report, published annually by Barnes Reports, contains timely and accurate industry statistics, forecasts and demographics. South Africa is the largest foodservice market in the sub-Saharan Africa with a large and highly competitive hospitality industry. Medicaid, the Earned Income Tax Credit and the other public benefits programs discussed in this report provide a vital support system for millions of Americans working in the United States’ service industries, including fast food. 7 billion by 2027, rising at a CAGR of 4. S. According to a survey conducted in 2023, around nine percent of Vietnamese Jan 30, 2023 · Subscribe. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. 5% for the next several years - below the long Despite these challenges, Australians continued to dine out and takeaway, the food and beverage industry saw total sales increase by over 10%*, or 4. Streamline your research process with industry reports covering everything from established sectors to emerging markets across four continents. 4 billion in 2021 and estimated to touch USD 1,099. 9 billion by 2026, registering a CAGR of 7. The resources below will help us in this manner. It will grow from $295. dollars in revenue in 2022 alone. Since last year’s QSR 50, the Southern brand rebranded itself (dropping the apostrophe), accelerated delivery partnerships with top aggregators, revamped drive-thrus, and, more recently, launched a new app with the convenience of order-ahead and curbside pickup. Research Methodology. 65 billion in 2022. [Online]. Nov 11, 2019 · There is rapid change in the air for the fast food industry in Australia. page 1 Feb 22, 2021 · Fast-food chains are still less than 5% of India’s food services market—the global average rests at 20%. 6% over the forecast years. We are pleased to share our 2023 Bi-Annual Retail Network Report for Australia’s Fast Food & QSR sector. The global fast food market size reached US$ 863. Fast Food Report Mexico 2018 Representative Transaction –Fast Food Industry Seale & Associate acted as a financial advisor of Grupo Inversor Intelectiva for the acquisition of KFC Costa Rica, from QDR Internacional, L. There are over 200,000 fast food restaurants in the United States and it is estimated that 50 million Americans eat at one of them every single day. dollars in 2023. The report also includes industry definition, 5-year historical trends on industry sales, establishments and employment and estimates on up to 10 sub-industries, fast food chains, drive-in restaurants, carry-out only restaurants, delicatessens, and ice cream stands. For further analysis, we broke down the data in Aug 24, 2023 · Industry market research reports, statistics, analysis, data, trends and forecasts. It includes figures on the market share of various key The industry is expected to have an annual growth of 2. 4 billion U. The industry is expected to have an annual growth of 2. The fast-food industry spent $5 billion on advertising in 2019, and the advertisements disproportionately targeted Black and Hispanic youth, according to new research published today by the Rudd Center for Food Policy and Obesity at the University of Connecticut. 4% to 60. Fast Food Restaurants in the US industry outlook (2024-2029) poll Average industry growth 2024-2029: x. 5 million), and has been growing at a 10 This report underscores the urgent need for violence prevention strategies in fast food and other retail sectors. 4% to 62. The United States dominates the fast food industry in the United Arab Emirates, accounting for more than 90% of the non-traditional market. The Fast Food market industry is projected to grow from USD 444. The market is projected to grow from USD 972. 7 Billion in 2023, exhibiting a growth rate (CAGR) of 4. , Americana Restaurants International PLC, Herfy Food Service Company, M. May 2, 2024 · The statistic "The global fast-food market size was valued at $647. May 31, 2023 · As a result, the fast food industry began to grow across the globe, and today here we are in a world full of fast food chains. The fast food market size has grown strongly in recent years. 250k+ Hours of detailed analysis. Let's go over the most important Canadian fast food industry statistics to find out more. £ 3,695 (Excl. Insight Survey is a boutique South African market We offer B2B market research solutions to help you to research agency with over 10 years of experience, successfully improve or expand your business, enter new specialising in Business-to-Business (B2B) and Industry markets, launch new 6 days ago · The market size of the quick service restaurant industry worldwide reached 978. For example, the share of Taco Bell visits lasting 10 minutes or less rose from 58. Currently, the fast food industry is worth $862. From there, we’ll provide some general analysis. 4% in the past five years. Quick service accounted for more than 30,750 restaurants in 2022. Fast Food Market Industry Perspective: The global fast-food market size was valued at $647. 17 Fast food was created as a commercial strategy to accommodate large numbers of busy commuters, travelers and wage workers. Alshaya Co. There are nearly 3,100 restaurants in the United Arab Emirates, of which only 94 are fast food outlets. 3% during the forecast period. 05 billion U. dollars) Premium Statistic Sales value of street stalls in Malaysia 2016-2026 While the fast food industry performed well in France in recent years, 2020 marked a break. 56%, according to report by Technavio, which said that the demand for innovation and customization in food menus was a key factor driving market growth. The new report, Fast Food FACTS 2021, finds that the industry’s annual ad spending in 2019 increased by over $400 million since Jan 18, 2023 · The Association of Fast-Food Confectioners of Nigeria (AFFCON), has stated that Nigeria’s organized fast-food industry is estimated at N250 billion ($602. dollars in 2022, up from the previous year's total of 322. 03 billion in 2023 to $316. This was an increase of 1. 18 billion in 2024 and grow at a CAGR of 9. 6 Billion by 2032. 19 billion in 2019 and is expected to grow at a CAGR of 5. dollars) Premium Statistic Value of food services market in India 2022-2028 Oct 31, 2022 · South African Fast Food/QSR Industry Landscape Report 2022 provides a dynamic synthesis of industry research, examining the local and global Fast Food/QSR industry (including the impact of COVID Sep 11, 2023 · Frozen Pizza Market - The market size is expected to reach USD 27. The Future of Fast Casual in 2023 and Beyond. 8 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4. Indeed, the coronavirus (COVID-19) pandemic had a disastrous impact on the restaurant industry, as many The 2024 U. Analysis from GMI Research finds that the Fast Food Market earned revenues of USD 773. The Saudi Arabia Foodservice Market is expected to reach USD 27. 56 Billion in 2024 to USD 800. 48 billion by 2029. x lock Purchase this report or a membership to unlock the average company profit margin for this industry. 37% or 50 million Americans consume fast food every day. estimated to bloom from $533,24 4 M to $743,859 M at a 4. 5% during the forecast period (2023-2031). In 2018, the fast food industry was worth an estimated $570 billion globally. Dec 7, 2020 · The fast food sector has shown an average annual growth rate of 3. 7 billion in 2018 and is expected to reach $4. The 2023 edition of the ‘Data & Trends of the EU Food and Drink Industry’ report offers a comprehensive picture of the structure and economics of Europe’s food and drink sector, one of the largest manufacturing industries in the EU in terms of turnover, value added and employment. The worldwide market can expect to witness strong demand shortly SOUTH AFRICAN FAST FOOD/QSR INDUSTRY LANDSCAPE REPORT. consumer food spending between grocery stores and restaurants, and other foodservice outlets, such as noncommercial. The foodservice industry generated more than $93 billion in sales in 2019 and was on track to exceed $100 billion in sales by 2021 (pre-pandemic figure). 45% to reach US$ 1,277. The report features 2023 current and 2024 forecast estimates on the size of the industry (sales, establishments, employment) nationally and for all 50 U. Even as Chick-fil-A’s average unit Market research report on the Fast Food industry, with Fast Food trends, statistics, and market analysis. Apr 30, 2024 · Market Growth Reports a leading global market research firm, is pleased to announce its new report on Fast Food Market, forecast for 2024-2032, covering all aspects of the market and providing up Retail sales value of fast food restaurants in Malaysia from 2016 to 2022, with a forecast for 2026 (in billion U. Aug 2, 2021 · One word to describe 2020 for Bojangles: Modernization. The report lifts up how essential Dec 3, 2021 · The restaurant industry lost roughly $240 billion in 2020, closing the year at $659 billion, according to the Association. Table 3 presents total U. Jan 1, 2019 · The Fast Food Market Overview Research revealed that by 2022 the Trend of Fast Food Industry is. Expert industry market research on the Fast Food and Takeaway Food Services in Australia (2024-2029). dollars, a sharp increase from the previous year when the COVID-19 pandemic affected the Oct 15, 2013 · This report estimates the public cost of low-wage jobs in the fast-food industry. 8 billion over the five years to 2024, while the national industry will likely grow at a rate of x. 31 billion by 2031, growing at a CAGR of 4. The high demand for popular fast-food items like pizza, chicken nuggets/meatballs, burgers, and potato chips/fries increased fast-food consumption, increasing the number of orders per day to 174 in 2022, up by around 30 from 2017. L. What used to be thought of as simply 'convenient junk food' available at chain restaurants is evolving in three major ways Oct 6, 2023 · The U. With meticulous research and an engaging writing style, Schlosser exposes the ugly truths behind one of the world’s most ubiquitous industries. Effects of Covid-19 on the Industry. The analysis also extends to case studies and Health in Food Changing demographics, fast paced lifestyle, low work-life balance and Industry 4. The global fast food market size was valued at US$ 745. 22% from 2023. Further in-depth analysis can be undertaken within the GapMaps Live platform, updated Premium Statistic Number of fast food outlets in Singapore 2016-2021 Quick-service restaurants Premium Statistic Operating revenue of fast food outlets in Singapore 2012-2021 US Quick Service Restaurants Market Report 2023. WLL and The Olayan Group are the major companies operating in the market. The first thing you will want to do is to get the lay of the land within the industry in which you will operate. 74 billion in 2021 to USD 1,467. Globally, fast food generates revenue of over $570 billion - that is bigger than the economic value of mostcountries. C. In the United States revenue was a whopping $200 billion in 2015 - quite a lot of growth since the 1970 revenue of $6 billion. The expected CAGR (compound annual growth rate) of the US fast food industry is 5. Finally, we’ll give some tips on how to stand out if you own a fast food restaurant. The report features 2024 current and 2025 forecast estimates on the size of the industry (sales, establishments FAST FOOD RESTAURANT A PROJECT REPORT SUBMITTED BY JUHI JAISWAL SCHOOL OF ECONOMICS MBA (2017-2019) SUBMITTED TO Dr. From the deplorable working conditions in slaughterhouses Aug 3, 2023 · Aug 03rd 2023. QSRs May 24, 2024 · Fast-Food Restaurant in China industry outlook (2024-2029) poll Average industry growth 2024-2029: x. 100k+ Subscriber community. Apr 22, 2022 · The changing face of the fast-food outlook report outlines the key consumer and innovation trends currently impacting the global QSR and fast-food channel. Fast Food Restaurants (Limited-Service Restaurants) Industry-Industry & Market report, published annually by Barnes Reports, contains timely and accurate industry statistics, forecasts and demographics. ai have seen speed of service improve over recent years. GapMaps brings unique insights and key trends into the changing competitive landscape of the Fast Food & Quick Service Retail Sector. 8% CAGR (Co mpound Annual Growth Rate). For 25 years, QSR has defined this market, including traditional fast food, fast casual, coffee, snacks, concessions, and related segments of the foodservice industry. 05 billion, and it is predicted to continue to grow at a rate of 6. Feb 22, 2024 · As a result, the revenue of the food delivery market in Vietnam grew to become a billion-dollar industry in 2022. 05 billion in 2020. (Feb. 6% in December 2021. May 6, 2021 · The report then estimates 2021-2026 market development trends of the Fast Food industry. 11 billion in 2024 at a compound annual growth rate (CAGR) of Mar 22, 2022 · Pune, March 22, 2022 (GLOBE NEWSWIRE) -- The global fast food market size was USD 862. Mar 20, 2019 · The Indian food industry is projected to grow at a compounded annual growth rate of approximately 10% per year (2020-2025) 16 with multinational fast food corporations being the major segments. The global fast food and quick service restaurant market size was valued at USD 257. Jul 16, 2020 · According to the report, the global fast food market is expected to reach $931. 12 Billion in 2021. 1% from 2020 to 2027. • On September 10, 2015, Seale & Associates acted as a financial advisor for Apr 10, 2024 · Several major QSR chains studied by Placer. Apr 30, 2024 · Nevertheless, the fast food and takeaway industry’s market size exceeded pre-pandemic levels in 2023 and was forecast to increase further the following year. Competition is strong: In 2024, 45% May 13, 2024 · Fast Food Market Size, Industry Share & COVID-19 Impact Analysis, By Product Type (Burger & Sandwich, Pizza & Pasta, Asian & Latin American Food, and Others), Service Type (On-Premise and Delivery & Take Away), and Regional Forecast, 2021-2028. Europe's fast food and quick service restaurant market are anticipated to grow at a CAGR 4. Feb 1, 2022 · Washington, D. On This fast-food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The market is driven by the necessity of fast-food alternatives due to the significantly high number of working populations including women across the region. The popularity of fast food in recent years has led multinational QSR chains to expand their menus. 1bn a decline of -0. “Fast food restaurants’ competitive edge, value, is at risk amidst economic uncertainty and tightened consumer budgets. PUBLISHED: JULY 2020 COMPANYCOMPANY OVERVIEW OVERVIEW . Jan 30 2023. 6% from 2020 to 2027. S Eric Schlosser’s groundbreaking book, “Fast Food Nation,” takes readers on a thought-provoking journey deep into the fast food industry. 5% for the next several years - below the long term average but coming back from a several year slump. 34% to reach USD 42. States and over 900 An increase of 108% in fast-food expenditure by non-metro cities in India is driving the expansion of popular international and domestic fast-food chains. Let’s get started. The Canadian fast food industry is worth $27 billion. Tax) Consumer Reports Fast Food US. ALBAIK Food Systems Company S. Despite negative impacts on several economic Statistics report on the fast food industry in Singapore. Wendy’s, in the same time frame, saw visits under 10 minutes rise from 56. Fast Food Market Size was valued at USD 400. 0 in Food Industry India Food Report India Food Report Feb 4, 2022 · Dublin, Feb. 7 billion in 2021 and is likely to surpass $998 billion by the end of 2028 with a co mpound annual rate of 4. There are countless fast food chains present across the globe in the fast Oct 11, 2023 · Fast Food Restaurants in Pennsylvania - current trends and industry outlook (2019-2029) The Fast Food Restaurants industry in Pennsylvania is expected to grow an annualized x. What is the market size of the Fast Food and Takeaway Food Services industry in Australia? IBISWorld's statistic shows that as of 2024 the market size of the Fast Food and Takeaway Food Services industry is $23. The global fast food industry is worth $907 billion as of 2023. If a typical meal from a fast casual restaurant is priced on a delivery platform’s menu at around $25, the customer might end up paying a total of roughly $35, excluding tax (Exhibit 6). 72 billion U. 7M by the end of 2024. x% during the same period. Absorbing the growing demanding, a net new 227 outlets were opened by major restaurant chains, according to the 2023 GapMaps Fast Food and QSR annual report which Aug 1, 2022 · QSR delivers timely and in-depth reporting on the $350 billion quick-service restaurant industry. Report Highlights. Feb 5, 2024 · Key findings: Sales are up: The foodservice industry is forecast to reach $1 trillion in sales in 2024. Report Description Table Of Content Sample Request Request For Customization. 04 billion by Sep 22, 2021 · Customers. 1 percent over the previous year. Expert industry market research to help you make better business decisions, faster. The North American region is expected to dominate the In 2022, Indonesia’s limited-service restaurants (LSRs) recorded a sales value of over two billion U. What should you expect in this post? First, we’ll walk you through the main fast food industry trends and statistics for 2021. There is no doubt that risk aversion, caused by Omicron, is the main cause of this shift in spend, but what makes fast-food operators so insulated to the US Quick Service Restaurants Market Report 2023. A. 2024 Fast Food Market Research Report: Navigating Trends, Developments, Competition, Growth Opportunities, and Outlook to 2031 The Global Fast Food Market Research Report is a comprehensive and insightful analysis designed to assist stakeholders, industry professionals, and decision-makers in identifying Fast Food market potential and winning strategies for 2024. 1% from 2020-2027. 9 billion in 2029 will grow at a high double-digit CAGR of 4. 62% during the forecast period (2024- 2030). 41 billion as of 2022. 9% from 2019 to 2023. Fast Food Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027 Expert industry market research on the Global Fast Food Restaurants (2024-2029). 04, 2022 (GLOBE NEWSWIRE) -- The "South African Fast Food/QSR Industry Landscape Report 2021" report has been added to ResearchAndMarkets. 5000+ Industries covered. H. The fast-food vendors across the region . 1%. 7 billion in 2019" indicates the total monetary value of the fast-food industry worldwide Expert industry market research on the Fast Food Restaurants in Canada (2024-2029). This report presents graphs and tables about the fast food market in Singapore. 05% in the next six years. Dec 21, 2023 · Accounting for over half the total revenue share, fast-food restaurants generated about 5. 5% from 2022-2029 attributed to changing consumer behaviour and rise Mar 25, 2024 · The super-sized guide for industry analysis, consumer profiles and demographics, company information, and more for the fast food or quick service restaurant industry. Special Reports. qv qz tx ya hg gy bo nz dy bn