The fast-food market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to decrease as compared to 2019.
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This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Fast Food Market Participants:
American Dairy Queen Corp.
American Dairy Queen Corp. operates the business through the Unified segment. Key products offered by the company include Super Star with Cheeseburger and Beyond Famous Star with Cheeseburger.
Doctors Associates LLC
Doctors Associates LLC operates the business through Restaurant service and Catering. The company offers sandwiches and wraps under the brand name Subway.
McDonald Corp.
McDonald Corp. operates the business through the Unified segment. Key products offered by the company include Big Mac burgers and Chicken McNuggets.
Related Report on Consumer Discretionary Industries:
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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/fast-food-market-industry-analysis
Fast Food Market 2020-2024: Segmentation
The fast-food market is segmented as below:
- Product
- Non-vegetarian Fast Food
- Vegetarian Fast Food
- Geography
- North America
- APAC
- Europe
- South America
- MEA
The fast-food market is driven by the increasing online presence of fast food vendors. In addition, other factors such as an increase in the number of fast-food outlets and the expansion to various regions are expected to trigger the fast-food market toward witnessing a CAGR of over 2% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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