Fast
food represents one of the world’s most trending food types. It
currently accounts for more than half of the revenue generated by all
types of restaurants in developed countries. However, the fast food
market is observing some of its most rapid growth in the developing
world where fast food has been bringing radical changes to the way
people eat.
People
buy fast food because it is cheap, easily prepared, quickly served,
and is heavily promoted. Fast food is convenient for filling up when
on the run and occasional indulgence should not be a big issue. But
high calorie, fat and sodium content, coupled with low nutritional
value of most fast food varieties can lead to many health issues when
regularly consumed.
Browse
full Global
Fast Food
Market
report
at:http://www.transparencymarketresearch.com/global-fast-food-market.html
Defining
the fast food market
The
fast food market can be defined upon the basis of sale of food and
drinks that can be immediately consumed either on the premises or in
areas shared with other food service operators, or elsewhere. The
market can be broken down into two major categories: Quick Service
Restaurants (QSRs) and street and mobile vendors.
The
global fast food originated in the North American and the European
continents in the real terms. These regions also currently lead the
global fast food market in terms of revenue shares. However, the
market has observed a shift of choice of this consumer base towards
healthier and organic varieties of fast food.
Request
a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2366
These
consumers seem more concerned about the ingredients used in their
fast foods, and the demand for organic vegetables, hormone free meat,
unprocessed cheese, and an overall environment of transparency in
operations at the food manufacturing chains is on rise.
Consumers
in the developing nations are quite a bit more concerned about
prices, offers and proximity of the food being served.
Market
statistics
The
global fast food market generated approximately 477.1 billion U.S.
dollars in 2013. By 2018, this market is forecasted to exceed 617.1
billion U.S. dollars. Currently, nearly 10 million workers are
employed in the fast food market in the world. In U.S. alone, the
fast food market is worth nearly 185 billion U.S. dollars, and
employs more than 4 million workers as of now. In 2013, there were
more than 230,000 fast-food establishments in the U.S.
The
ever-growing global fast-food market has produced a number of
international brands. McDonald’s, probably the most well-known, and
by far the most valuable fast food brand in the world, currently has
a brand value of nearly 86 billion U.S. dollars. The other three top
global players are also based in the U.S. (Yum! Brands, Burger king,
and Doctor’s Associates).
Future
prospects
The
global fast food market is filled with a lot of positive outlook and
optimism. Major regional and international players have revised their
target upwards in the time to come. Major international brands are
targeting developing nations where the growth potential is high and
market proliferation easy. McDonald’s for its part has built 20-30
stores in most developing countries in the past few years.
Factors
such as rising trend of eating out, spending on ready-to-eat food,
and vast expansion of the fast food market in developing countries
are propelling growth of the global fast food industry. Longer
working hours leave hardly enough time for home cooking, coupled with
the rising desire of exploring new concepts of fast food will
continue to allow innovative fast food chains to prosper.
A
negative aspect of the enormous and continuously rising popularity of
fast food market is the changing habits of eating, which some health
experts suggest is leading to an unhealthy lifestyle. However, smart
fast food chains are becoming aware of the situation and have already
started offering healthier options.
Browse
the Article
:
http://www.transparencymarketresearch.com/article/global-fast-food-market.htm
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
No comments:
Post a Comment