Dublin, Jan. 21, 2025 (GLOBE NEWSWIRE) — The “Fast Food Market Global Forecast Report by Product, End User, Countries and Company Analysis 2025-2033” report has been added to ResearchAndMarkets.com’s offering.
The Global Fast-Food Market will reach US$ 1.25 trillion by 2033, up from US$ 788.72 Billion in 2024, with a CAGR of 5.28% between 2025 and 2033
This industry is continuously growing as a result of rising demand for ready meals, cold cuts, on-the-go snacks, and convenience foods. The busy lifestyles of millennials and the growth of working populations worldwide have an impact on fast-food consumption. This is probably going to help the fast-food industry grow internationally. Consumer spending on home-cooked meals has increased in recent years. This is complemented by the rise in employment rates worldwide. This has made it easy to consume foods while on the run.
A number of elements come together to drive the global fast-food market’s growth and attractiveness on a worldwide scale. Fast-paced lifestyles and increased urbanization are the primary drivers of convenience demand, which is driving customers to look for quick and simple meal alternatives. Its market expansion is greatly aided by the accessibility of fast-food restaurants and their reasonable rates.
Technological innovations that further improve customer experiences and operational efficiencies, such as digital ordering platforms, smartphone applications, and effective delivery services, are contributing to the market’s optimistic outlook. Additionally, the fast-food sector is growing as a result of menu selections being expanded to provide healthier and more varied options that cater to changing consumer preferences.
Driving Forces of Fast-food Market
The number of quick service restaurants is increasing in both developed and developing nations
This market is largely driven by convenience, which makes it possible to deliver food fast, which primarily appeals to millennial customers. Customers’ preference for ready-to-eat meals and quick food items has altered the dynamics of the global market. One of the main reasons for the growing demand for fast-food is that it takes less time and effort to prepare. Another element that will help the market thrive in the upcoming years is customers’ increasing disposable income.
USDA reports that the number of quick-service restaurants in the United States increased by almost 20% in the last ten years, from about 285,000 in 2000 to over 340,000 in 2015. During 2000-15, the number of quick-service restaurants increased by more than 30 percent in several metropolitan counties, particularly in the Mid-Atlantic, the Southeast, and rapidly urbanizing counties in the Western states.
This is far higher than the national average of 20 percent. The rise of the fast-casual restaurant category was one of the main factors propelling the expansion of quick-service restaurants in metropolitan nations. It is anticipated that during the projected period, this tendency will continue to dominate and propel the expansion of the fast-food industry.
Increasing Living Standards and Shifting Consumer Behaviour
In most regions, consumers are increasingly dining out due to a combination of changing consumer behavior and rising family income. Additionally, even while well-known brands like Domino’s, Pizza Hut, McDonald’s, KFC, and Burger King continue to be popular, the quick growth of different food service outlets is becoming more and more popular in both developed and developing countries worldwide.
Due to the quick increase in young people’s love for fast-food, international fast-food franchises are now looking into international markets. Fast-food is becoming more and more popular because of its flavor, variety, affordability, and ease of use. The business is growing as a result of a number of factors, including increased foreign investment, rising household incomes, a growing millennial population, an increase in tourism, and changing consumer spending patterns.
Increasing Food Spending and Shifting Consumer Behavior to Support Growth
In most regions, the growth of households with two or more people and increased family income are the main drivers pushing consumers to eat out more. Additionally, while well-known brands like Domino’s, Pizza Hut, McDonald’s, KFC, and Burger King continue to enjoy popularity, the quick growth of variety food service outlets is becoming more and more popular in both developed and developing countries worldwide.
Since fast-food is becoming more and more popular among young people, worldwide fast-food chains are looking to expand into foreign markets. The business is also developing as a result of rising foreign investment, rising household incomes, an increasing millennial population, rising tourism, and changing consumer purchase patterns.
Fast-food Market Overview by Regions
Due to growing urbanization, hectic lives, and increased disposable incomes, the fast-food industry is expanding rapidly worldwide. Consumption is highest in North America, followed by Europe and Asia-Pacific, where market expansion is aided by changing customer preferences and digital ordering platforms. An overview by region is given below:
United States Fast-food Market
A fast-paced lifestyle, growing disposable incomes, and a growing desire for convenience have made the US fast-food sector one of the biggest in the world. Fast-food businesses are widely used by Americans due to their hectic work schedules and desire for quick, inexpensive meals. The market is still dominated by big firms like McDonald’s, Burger King, and Taco Bell, who have responded to shifting consumer preferences by offering plant-based products, healthier menu options, and online ordering.
Papa John’s International, Inc. is working with franchisee Nadeem Bajwa and The Bajco Group to open 50 new locations by 2028, extending its presence in North America in 2024. Through programs such as the Back to expansion Program, this strategic collaboration seeks to increase Papa John’s market share in current markets and spur expansion.
India Fast-food Market
Due to shifting lifestyles, rising urbanization, and a burgeoning middle class, India’s fast-food business is growing quickly. Fast-food businesses are becoming increasingly popular among consumers who have hectic metropolitan schedules and a demand for inexpensive, convenient meals. In addition to regional franchises like Haldiram’s and Bikanervala, Western fast-food chains like McDonald’s, Domino’s, and KFC are becoming more and more well-known.
Additionally, the growth of online meal ordering services like Swiggy and Zomato is driving up demand for quick-service restaurants (QSRs) and home delivery services. In order to satisfy customers who are concerned about their health, the market is also seeing a growing trend toward healthier menu selections. The fast-food industry in India is predicted to continue its strong growth due to the country’s youthful, urban population.
Germany Fast-food Market
The market for fast food in Germany is expanding rapidly due to a move toward on-the-go dining, busy lifestyles, and rising convenience demand. The market is dominated by international fast-food chains like McDonald’s, Burger King, and Subway, as well as regional brands like Doner kebab shops and conventional fast-casual restaurants.
As consumers look for quick and simple meal options, the sector is being further stimulated by the growing popularity of delivery services offered by platforms such as Lieferando. A growing number of fast-food companies are catering to health-conscious customers by providing vegetarian, vegan, and gluten-free menu items in response to the growing demand for healthier options. The fast-food industry in Germany is still expanding due to the country’s varied culinary traditions and growing urbanization.
United Arab Emirates Fast-food Market
The United Arab Emirates’ (UAE) fast food business is expanding rapidly due to the nation’s young population, hectic urban lifestyles, and desire for quick, reasonably priced meals. The market is dominated by both local and international fast-food franchises, including McDonald’s, KFC, and Burger King.
Demand is also greatly influenced by the UAE’s booming tourism sector, as both locals and visitors look for quick dining options. The sector is also being boosted by the growth of meal delivery services, especially through applications like Deliveroo and Zomato.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2024 – 2033 |
| Estimated Market Value (USD) in 2024 | $788.72 Billion |
| Forecasted Market Value (USD) by 2033 | $1250 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Company Analysis: Overview, Key Persons, Recent Development & Strategies, Financial Insights
- Starbucks Corp.
- Papa John’s International Inc.
- Domino’s Pizza Inc.
- Wendy’s
- Performance Food Group
- Yum! Brands, Inc.
- Restaurant Brands International Inc.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Fast Food Market
6. Market Share Analysis
6.1 By Product
6.2 By End User
6.3 By Countries
7. Product
7.1 Pizza/Pasta
7.2 Burgers/Sandwiches
7.3 Chicken
7.4 Asian/Latin American
7.5 Seafood
7.6 Others
8. End User
8.1 Full-Service Restaurants
8.2 Quick-Service Restaurants
8.3 Catering
8.4 Others
9. Countries
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 France
9.2.2 Germany
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Belgium
9.2.7 Netherlands
9.2.8 Turkey
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 South Korea
9.3.5 Thailand
9.3.6 Malaysia
9.3.7 Indonesia
9.3.8 Australia
9.3.9 New Zealand
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.4.3 Argentina
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 UAE
9.5.3 South Africa
10. Porter’s Five Forces Analysis
11. SWOT Analysis
12. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/o74xtd
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