Fast Food Market expected to register the fastest CAGR over the forecast period
Fast Food Industry Overview The global fast-food market size was valued at USD 529.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028. The rise in consumer spending and the growing influence of food delivery applications are the major factors driving the market growth. The COVID-19 pandemic adversely affected the food industry owing to the rising cases and fear of contracting the infection from food. Disruptions in supply-chain coupled with labor restraints impacted the demand for fast food in the early months of the pandemic. According to the National Restaurant Association, close to 7 million workers in the United States lost their jobs in June 2020. Gather more insights about the market drivers, restrains and growth of the Global Fast Food Market In addition, an increased awareness level about the consumption of healthy foods affected the market growth during the pandemic. However, the market is expected to regain ...