Asia Pacific Fast Food Market By Product (Pizza/Pasta, Burgers/Sandwich, Chicken, Asian/Latin American, seafood, and others), By End User (quick-service restaurants (QSRs), fast casual restaurants, and others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Fast Food Market
Market Report Description
The Asia Pacific Fast Food Market would witness market growth of 9.1% CAGR during the forecast period (2021-2027).
The growth of the fast food market is estimated to surge due to the factors like increasing disposable income of the consumers and the growing requirement for convenient & affordable food items. The consumption and craving for eating various fast food items have increased in the past few years because of the availability of a broad range of fast food across different regions.
Some of the growth catalysts for the market are hectic schedule of consumers and rapid pace of urbanization & globalization across the world. Many market players are using healthy ingredients in the preparation of their food items like organic vegetables and hormone-free meat, which would attract more people towards it.
Fast food is gaining more traction among the customers due to its convenience and taste, thereby escalating the growth of the regional fast food market over the forecast period. However, the COVID-19 pandemic has severely impacted the nations like China and India, which has hampered the growth of the regional fast food market due to the imposed lockdown and unavailability of workforce. In addition, the increasing population of health-conscious people across the region would further hinder the regional market growth.
The Burgers/ Sandwich market dominated the China Fast Food Market by Product in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $28,676 million by 2027. The Pizza/Pasta market is exhibiting a CAGR of 5.4% during (2021 - 2027). Additionally, The Chicken market would showcase highest CAGR of 5.4% during (2021 - 2027).
Based on Product, the market is segmented into Pizza/Pasta, Burgers/Sandwich, Chicken, Asian/Latin American, seafood, and others. Based on End User, the market is segmented into quick-service restaurants (QSRs), fast casual restaurants, and others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wendy’s International, Inc., Domino’s Pizza, Inc., Mcdonald’s Corporation, Restaurant brands international, Inc., Yum! Brands, Inc., Inspire Brands, Inc., Hardee's Restaurants LLC (CKE Restaurants Holdings, Inc.), Firehouse Restaurant Group, Inc., Focus Brands LLC (Roark Capital Group), and Subway (Doctor’s Associate, Inc.).
Scope of the Study
Market Segments Covered in the Report:
- Asian/Latin American
By End User
- Quick-Service Restaurants (QSRs)
- Fast Casual Restaurants
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Wendy’s International, Inc.
- Domino’s Pizza, Inc.
- Mcdonald’s Corporation
- Restaurant brands international, Inc.
- Yum! Brands, Inc.
- Inspire Brands, Inc.
- Hardee's Restaurants LLC (CKE Restaurants Holdings, Inc.)
- Firehouse Restaurant Group, Inc.
- Focus Brands LLC (Roark Capital Group)
- Subway (Doctor’s Associate, Inc.)
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