The food industry has witnessed overwhelming expansion in recent times, especially with rising demand for instant food preparations. This is a key factor driving growth in the global fast food & takeaways market.
With rapid urbanization and industrialization, the quality of life is gradually increasing, consequently making people demand quality food products. And with changing lifestyles, consumers want more easy-to-eat foods that appear visually appealing as well as possess good quality. This has given led to the existence of a distinct fast food & takeaways market from a global perspective.
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A dramatic rise in demand for ready-to-eat organic foods is primarily driving the global fast food & takeaways market. In addition, numerous fast food companies are carrying out extensive research and development to improve quality of their products. This is expected to bolster demand in the global food fast food & takeaways market at a rapid pace in future.
However, numerous fast food varieties and takeaway dishes consist of harmful additives, preservatives, and other chemicals. Long term consumption of these foods could result in several disorders such as obesity, high blood pressure, gastrointestinal health problems, etc. Most of these foods come under the category of junk food eating. These factors majorly restrain the global fast food & takeaways market from a global perspective.
The global fast food & takeaways market depicts the existence of a highly fragmented vendor landscape owing to the presence of innumerable small- as well as large-scale players. With more players entering the food & takeaways market, the vendor landscape is expected to depict an intensified competition during the forthcoming years. Most of the players mentioned above have maintained a stronghold in the global fast food & takeaways market in Europe and North America. Grubhub, Inc., Just Eat Holding Limited, Boxpark Wembley, Zomato Media Private Lim, and Snapfinger, are key players of the global fast food & takeaways market.
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