San Francisco, California, May 24, 2017: A new research report, titled “Fast Food Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” by TMR Research offers a detailed overview of the market. The study highlights the growth prospects of the global fast food market, along with a detailed discussion regarding the limitations and challenges being faced by the leading players operating across the globe. In addition to this, the research report provides a comprehensive study of the competitive landscape and a list of the leading players operating in it.
The rising inclination of consumers to spend on fast food is one of the key factors anticipated to encourage the growth of the global fast food market in the next few years. In addition, the expansion of the product portfolio and the rising focus of key players on advertising and marketing activities are expected to boost the demand for fast food across the globe. However, the rising popularity of home-cooked food due to the increasing health consciousness among consumers is predicted to hamper the growth of the global fast food market in the near future.
Nonetheless, the increasing spending capacity, hectic lifestyle of consumers, and the increasing working women population worldwide are among the major factors that are estimated to accelerate the development of the global fast food market in the coming years. Thanks to these factors, the global market is expected to witness a promising growth in the coming years and is anticipated to offer lucrative opportunities for the leading players operating in the across the globe.
As per the research report, the global market for fast food is expected to witness promising growth throughout the forecast period. North America and Asia Pacific segments, in particular, are anticipated to account for key share of the overall market in the near future, owing to the rising demand for fast food. A significant rise in the consumption of fast food and the rising disposable income of consumers in developing economies are estimated to encourage the growth of these two regions over the next few years. Europe, on the other hand, is predicted to experience a steady growth throughout the forecast period.
The global market for fast food is considered as highly fragmented and competitive in nature. A tremendous rise in the demand for fast food across the globe and the increasing number of players interested in participating in the market is estimated to toughen the competition among the players of the overall market in the next few years. Some of the prominent players operating in the fast food market across the globe are Wendy’s International Inc., Domino’s Pizza Inc., Burger King Worldwide Inc., Yum! Brands Inc., Doctor’s Associates Inc., Jack in the Box Inc., and McDonald’s Corporation.