[ad_1]
Dublin, Feb. 25, 2022 (GLOBE NEWSWIRE) — The “Fast Food and Quick Service Restaurant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global fast food and quick service restaurant market reached a value of US$ 232.3 billion in 2021. Looking forward, the market is projected to reach US$ 308 billion by 2027, exhibiting a CAGR of 4.9% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Significant growth in the food and beverage industry, along with the widespread adoption of franchise business models by popular restaurant chains, is one of the key factors creating a positive outlook for the market. Furthermore, the increasing working population and improving consumer lifestyles across the globe have enhanced the consumption of fast food products. Also, due to the hectic schedules, there is widespread adoption of on-the-go food products that can be readily purchased and consumed while traveling. This, consequently, is creating a positive outlook .. .
Full story available on Benzinga.com
[ad_2]
Source link
