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Global Fast Food Service Market Size, Share, Opportunities, And Trends By Service Type (Dine-In, Delivery And Takeaway), And By Geography – Forecast From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612772 | Pages:  120

Fast food service consists of prepared food served quickly to consumers in a disposable container by a restaurant, food truck, store or street vendor. The fast food market is expected to grow at a significant rate driven by preference for convenience, growing urbanization and growth of the food processing industry. However, the adverse effects of fast food consumption on health is a restraint for market growth. There are a number of companies in this market and they try to expand their operation by investing in different countries and franchising, further promoting the global fast food service market. By product type, Asian/Latin American fast food is expected to have a significant market share due to the presence of many types of spices. The Asia Pacific region is estimated to have a considerable growth rate due to growing urbanization. The North America segment is expected to have a significant market share due to the presence of a large number of market players.

DRIVERS

Increasing fast food penetration in developing economies

Growth of food processing industry

RESTRAINT

Movement towards healthier alternatives due to adverse effects of fast foods

INDUSTRY UPDATE

In June 2019, Domino’s Pizza and Nuro, the robotics company partnered on autonomous pizza delivery using custom unmanned vehicle. Domino’s would use Nuro’s unmanned fleet to serve select Houston Domino’s customers who place order online.

In February 2018, Yum! Brands, one of the world’s largest restaurant companies, and Grubhub, the nation’s leading online and mobile takeout food-ordering company, announced a new partnership to drive incremental sales to KFC and Taco Bell restaurants in the U.S. through online ordering for pickup and delivery.

SEGMENTATION

The fast food service market has been analysed through the following segments:

By Service Type

Dine-In

Delivery and Takeaway

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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