Gmi Research

  Fast Food Market The Fast Food Market is expected to reach USD 1,013 billion by the end of 2027, expanding at a CAGR of 4.6% over the forecast period (2020-2027). The factors driving the growth of Fast Food Market includes rise in the number of street food vendors and quick service restaurants, growing popularity of online food delivery services and increasing demand for fast food items at hotels and resorts around the world. According to the report published by Bloomberg, the Global Online Food Delivery market was calculated around USD 80370 million in 2020 and is expected to reach USD 128500 million by the end of 2027, growing at a CAGR of 6.5% over the forecast period (2021-2027), which will accelerate the Fast Food Market share in the coming years. Moreover, rapid growth in the Tourism sector, rise in the internet penetration rates, growing acceptance amongst consumers towards international cuisines and increase in the launch of innovative food products, are some of the add...

Fast Food Market : Growth opportunities in the Fast Food Market look promising over the next six years. This is mainly due to the shift in the consumer’s choice towards affordable and convenient ready-to-eat food products and rising number of online platforms. Request for a FREE Sample Report on Fast Food Market Fast Food Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The significant switch in the consumer's inclination towards economical and user-friendly ready-to-eat food items accompanied by the ongoing growth in the online platforms for food delivery are crucial drivers stimulating the growth of the global fast-food market. Also, the technological expansion along with the fast home delivery option largely acquired by several restaurants and fast food outlets is strengthening the market share. The advanced online platforms are captivating consumers and markets primarily across Europe, America, Asia, and t...