Fast Food & Quick Service Restaurant Market Worth $383.81 Billion By 2027 - Drivers, Strategies, Applications “The global fast food & quick service restaurant market size is anticipated to touch USD 383.81 billion by 2027. It is estimated that the market would register over 5.1% CAGR during the forecast years.”
Global Fast Food & Quick Service Restaurant Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Fast food & quick service restaurant industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Fast food & quick service restaurant barriers, and feasibility study are the vital aspects evaluated in this report. The global fast food & quick service restaurant market size is anticipated to touch USD 383.81 billion by 2027. It is estimated that the market would register over 5.1% CAGR during the forecast years. However, the market is projected to see a major shift owing to the outbreak of COVID-19. The pandemic has led to stringent social distancing norms, which, in turn, has adversely affected the sit and dining services. Restaurants are increasingly relying on taking out and home delivery services to increase their sales. Wow Bao, a China-based restaurants offer several kinds of pot stickers and buns through its robust delivery system. The companies have partnered with third-party distributors and several neighbouring restaurants to enhance their sales. The eateries partnering with Wow Bao needs to use the latter precooked pop stickers and buns in order to prepare the final food. Wow Bao is estimated to make up to 40% profit with this. In addition, there would be a rise in the growth of the number of fast food chain globally over the next few years. Restaurant Brands International, in 2019, announced its plan to expand nearly 26,000 restaurants over the next ten years.
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