World Fast Food Industry
Global Fast Food Market expected to reach 645 billion USD by 2020
The global fast food market was valued at approximately 495 billion USD in 2014 and is expected to reach 645 billion USD by 2020, growing at a CAGR of 4.5% between 2015 and 2020 (Source: Transparency Market Research). In 2015, the fast-food sector reported brand value growth of 4% year on year.
In the United States alone, the sector employed 3.7 million people, working out of of 232,000 branches (as of 2013).
44.2% of global revenue share is estimated in North America, with 40.0% of global revenue concentrated in the United States. Other developed regions also have a high concentration of industry revenue, including Europe at 17.0%, with a particularly high concentration in Germany (and France to a lesser extent) the powerhouse economy of the EU. Oceania also makes up 4.2% of global revenue, and includes Australia, which has a strong affinity for fast food (Source: Global Fast Food Restaurants Market Research Report [IBIS Worlds], Apr 2016).
Asia Pacific and North America dominate the fast food market and together account for around 65% of total demand in 2014.
Revenue Share of US Fast Food Market
2015 Global top brand fast-food brand value in billion USD (Source: Statista 2016)
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