Fast Food Market Size, Share, Growth Analysis, By Type(Burgers, Sandwiches, Pizzas, Pasta), By Distribution Channel(Quick Service Restaurants (QSR), Street Vendors), By Service type(On premise and delivery & take away), By Region - Industry Forecast 2024-2031

Fast Food Market Driver

• The key aspect that drives the growth of the market is the changing consumer habits and increased spending on food products. The growth of households with two or more people in the majority of regions and increased family income are the main factors encouraging consumers to eat out more. Additionally, despite the continued popularity of well-known brands like Domino's, Pizza Hut, McDonald's, KFC, and Burger King, the rapid proliferation of various food service outlets is gaining popularity in both developed and developing regions around the world. International fast food companies are focusing on foreign markets as fast food becomes increasingly popular among millennials. The expansion of the millennial population, rising family incomes, increasing tourism, and changing consumer purchasing patterns are all contributing to the global market growth.

Fast Food Market Restraint

• People's eating patterns have undergone a substantial change as a result of the COVID-19 pandemic epidemic. As a result of the widespread desire for healthy fast food alternatives, the market's potential growth is projected to be constrained in the upcoming years. Its increased consumption of among millennials leads to high fat intake, which may result in obesity and consequently obesity-related chronic diseases. Obesity is associated with a number of chronic diseases, illnesses, and early deaths, including cancer, diabetes, gallstone disease, fatty liver, heart disease, arthritis, and joint problems. The habit of eating fast food has been identified as a possible risk factor for childhood obesity. Due to the numerous health issues associated with eating fast food, the increased awareness among the people regarding their eating habits is likely to restrain the global market growth.