Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- The report, titled "Global Fast Food Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019", published by market research company Transparency Market Research provides a detailed analysis of the global market for fast foods. Fast food is the food that can be prepared and served in a lesser time than traditional meals. The report states that the global fast food market, which had a valuation of US$477.1 bn in 2013, expanding at a 4.40% CAGR between 2013 and 2019 will reach US$617.6 bn by 2019.
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The global market for fast food observed much of its early expansion in North America, the region where the foundations of the market were laid and where fast food is still very popular. In the coming years however, the market is expected to generate a major portion of its revenue and see the fastest growth in the non-traditional markets of fast foods - Asia pacific and countries falling under the Rest of the World category of the report. The huge population base of these regions, combined with the consistently rising GDPs and increasing disposable incomes of the population, are highlighted as the key factors driving the fast food market in these regions. Increasing preference of consumers towards contemporary eating habits is also a key factor driving the global fast food market.
The report states that the traditional markets for fast foods, North America and Europe are observing an evident shift in consumer choices and the demand for more nutritious and natural varieties of food is on a rise. Analysts state that the consumers in these regions are worried about the ill-effects of additives in fast food on their health. This is impelling market players to switch to natural vegetables, hormone-free meat, and organic ingredients to make their products more attractive. The trend is expected to impact the overall development of the market in the coming years. In the developing parts of Asia, especially in countries such as India and China, the increasing purchasing power of the population and rising inclination for eating outside food are fueling in growth of the global fast food market.
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The report segments the global fast food market based on three categories: food type, delivery chain, and geography. Under the segment of product types, the report studies the market and growth dynamics of products such as burgers/sandwiches, chicken, pasta/pizza, Asian/Latin American food, sea-food, and snacks. Delivery chains such as quick service restaurants and street vendors are studied in the report as well. Based on geography, the market is segmented into North America, Europe, Asia Pacific and the Rest of the World (RoW).
The report also presents a thorough analysis of the competitive landscape of the market, wherein, the business profiles of some of the key businesses operating in the global fast food market are studied. Details of these business profiles are also included in the report. Company profiled in the report are Burger King Worldwide Inc., Yum! Brands Inc., McDonald's Corporation, Dominos Pizza Inc., Jack in the Box Inc., Doctor's Association Inc, and Wendy's International Inc.
Global Fast Food Market by Type
- Asian/Latin American Food
- Others (Snacks, Mexican etc)
Global Fast Food Market by Type
- Quick Service Restaurant (QSR)
- Street Vendors
Global Fast Food Market by Geography
- North America
- Rest of the World
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Source:Transparency Market Research