Researches claimed that consumption of fast food causes overweight, obesity, and other medical issues. The health issue is the biggest restraint in the market growth of fast food market.
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Fast Food Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $743,859 Million by 2022, registering a CAGR of 4.84% during the forecast period 2016-2022.
This rise in concerns has resulted people to switch from fast food to fast casual food.
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The fast food market is losing its market share to fast casual food. According to WHO in 2014, around 39% of the world population were overweight and 13% of the population was suffering from obesity.
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Fast food is a term used for easily prepared, processed food served in snack bars and restaurants as a quick meal or to be taken away. It is a quick and low-price meal alternative for home-cooked food.
The global fast food market is poised to witness significant growth during the forecast period, owing to increase in number of fast food restaurants and working women, rise in tech-savvy ordering options demand for international cuisines, and change in consumer taste and preference.
Based on the type of fast food, the market is segmented into burgers/sandwiches, pizza/pasta, chicken, seafood, Asian/Latin American food, and others. The Asian/Latin American food segment generated highest revenue 2015, however, the burgers/sandwiches segment is expected to grow at the highest CAGR of 6.02% to reach during the forecast period.
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Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The North American region is expected to grow at a CAGR of 3.66% during forecast period.
However, LAMEA is an emerging market for fast food and is estimated to grow at a CAGR of 7.61%.
The prominent players profiled in this report include McDonalds, Hardees, Pizza Hut, Dominos Pizza, Burger King, KFC, Subway, Dunkin Donuts, Firehouse Subs, and Auntie Annes.
Category: Market Research Publishers and RetailersCompany profile: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...
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