Report ID: UCMIG25Q2001
Report ID:
UCMIG25Q2001 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global fast food and quick service restaurant market experienced significant growth, with a valuation of USD 257.19 billion in 2019. It is projected to continue expanding at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. This growth can be attributed to several factors, including changing consumer preferences, increasing urbanization, and the convenience offered by fast food establishments. Additionally, advancements in technology and the rise of online food delivery services have further fueled the growth of this market. As a result, the global fast food and quick service restaurant industry is expected to witness continued expansion in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Restaurants by segment aggregation, the contribution of the Restaurants in Consumer Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25Q2001