Fast Food Market Growth - Observing Decent Growth At CAGR Of 4.5 Percent By 2019

The term fast food is used for food that can be prepared and served quickly. The fast food market is witnessing decent growth at a CAGR of 4.5 percent by 2019. This growth can be attributed to increasing disposable incomes and changing food habits of consumers. For Market Research Report on “Fast Food Market” Visit - http://www.grandviewresearch.com/industry-analysis/fast-food-market The key factor contributing revenue to the fast food market is the growing demand for affordable, convenient and tasty food at low prices. Also, the increasing population of middle class people is likely to propel the market over the coming years. However, escalating animal welfare acts, rising health care concerns and growing regulations regarding food safety are a major restrain for the market. The fast food market can be bifurcated into types and geographies. The market, on the basis of types, can be divided into burgers & sandwiches, pastas & pizzas, sea food, Chinese, chicken and others. The others market includes snacks, such as pastries, fries and potato fingers. Geographically, the fast food market can be categorized into Asia Pacific, North America, Europe and rest of the world (ROW). North America was the largest fast food market in 2012. This was due to altering consumer eating styles and rapidly growing disposable incomes in the region. It was followed by Asia Pacific that year. Asia Pacific and ROW are experiencing the fastest growth. This is on account of changing food habits of consumers and presence of middle class population in China, Brazil and India. Growing demand for fast food from various other regions of the world is also likely to drive further demand for the fast food market. Fast Food Market Information Source: Grand View Research

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