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

Global Fast Food Market size was valued at USD 527 billion in 2019 and is poised to grow from USD 548.08 billion in 2023 to USD 750.08 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

Fast food is defined as food that is quick to prepare and serve. It acts as an alternative to home-cooked food. It is popularly used in restaurants, hotels, and fast-food centers. In addition, it facilitates easy preparation and preservation of food. The rise in the number of restaurants and hotels is attributed to more rapid urbanization and globalization, which in turn is expected to boost the growth of the Global Fast Food Market.

The increase in the working population, which relies on fast food, the market's capacity to adapt to new consumer habits, including menu options that are healthier and more sustainable, including vegetarian and vegan options, and the expansion of the service through delivery options are some of the aspects that are driving the growth of the Global Fast Food Market. The workforce's need for simple, affordable, and quick solutions is a most responsible aspect of the market growth. However, vendors are expected to come up with the changing dietary trends, particularly those involving healthier menu items and offering vegetarian and vegan options to customers. While the market participants are expected to adopt sustainable packaging and implement new delivery methods for their company’s growth.

US Fast Food Market is poised to grow at a sustainable CAGR for the next forecast year.