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With well-established services like online food delivery, contactless ordering, and drive-thru pickup, fast food restaurants in the U.S. weathered the storm of the pandemic significantly...
The global fast food market size was USD 862.05 billion in 2020 and is projected to grow from USD 972.74 billion in 2021 to USD 1,467.04 billion by 2028 at a CAGR of 6.05% during the 2021-2028 period. Europe dominated the fast food market with a market share of 38.94% in 2020.
Fast food is a commercial term, limited to food sold in a restaurant or store with frozen, preheated or precooked ingredients and served in packaging for take-out or takeaway. Fast food was created as a commercial strategy to accommodate large numbers of busy commuters, travelers and wage workers.
Expert industry market research on the Fast Food Restaurants in the US (2014-2029). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.
The global fast-food market size was valued at USD 595.93 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2029. The rise in consumer spending and the growing influence of food delivery applications are the major factors driving the market growth.
Global Fast Food Restaurants industry analysis. The global fast food industry has seen its fortunes rise steadily, with a projected annualized growth rate of 2.7%, increasing its revenue to an impressive $1.1 trillion over the last five years up to 2024.
About 22% of Americans consume fast food at least twice a week. In 2021, the average daily sales for quick-service restaurants in the U.S. were $4,963. The average American consumes fast food around two times per week. Pizza is the most popular fast food item in the United States.
The global fast food market size was USD 725.90billion in 2023, calculated at USD 752.76 billion in 2024 and is expected to reach around USD 1077.37 billion by 2034, expanding at a CAGR of 3.7% from 2024 to 2034. The North America fast food market size reached USD 196 billion in 2023.
As per the fast food industry analysis, in 2022, McDonald’s was leading fast food chain in the United States with systemwide sales of USD 48.734 billion, operating 13,444 units, and an average sales per unit of USD 3.625 million. Starbucks followed with USD 28.1 billion in sales across 15,873 units, significantly increasing by 429 units from ...
The US fast food industry has a market size of $331.41 billion as of 2022. The expected CAGR (compound annual growth rate) of the US fast food industry is 5.1% from 2020-2027. The global fast food industry is worth $907 billion as of 2023. 37% or 50 million Americans consume fast food every day.