The Impact of the COVID-19 Pandemic will be Highest in the Asia-Pacific Aviation Industry
Published: Oct 2020
The Asia-Pacific aviation industry will see a growth rate of 3.7% during the forecast period. The Asia-Pacific aviation market was growing significantly before the COVID-19 pandemic owing to the cost reduction in oil barrels, growing new entrants, and increasing air passengers in major economies in the region including China, India, and ASEAN countries. The Asia-Pacific aviation industry has been severely hit by the COVID-19 pandemic.
The Rising Wealth of the Country will Significantly Aid the Growth of the Middle East Fast Food and Quick Service Restaurants Market
Published: Oct 2020
Middle East's fast food and quick service restaurants market is anticipated to grow with a significant CAGR of 6.7% during the forecast period (2020-2026). The growth of the market is majorly driven by the changing consumer preferences coupled with the growing number of working populations. Additionally, the increasing western culture influence on the young and millennials population across the region is also driving the adoption of fast food.
Changing Consumer Preference is Aiding the Growth of the Latin America Fast Food and Quick Service Restaurants Market
Published: Oct 2020
Latin America's fast food and quick service restaurants market is anticipated to grow with a significant CAGR of 6.9% during the forecast period (2020-2026). The growth of the market across the region can be attributed to the rapid changes in the diet of the people such as increased away?from?home eating and snacking habits.
Emerging Local Fast-Food Chains will Foster the Growth of the ASEAN Fast Food and Quick Service Restaurants Market
Published: Oct 2020
The ASEAN fast food and quick service restaurants market is anticipated to grow with a significant CAGR of 7.2% during the forecast period (2020-2026). The emerging domestic fast-food chains are a major factor propelling the growth of the ASEAN Fast food and quick service restaurants market. Several domestic chains including PT Baba Rafi Enterprise, Jollibee Foods Corp., among others in countries such as Vietnam, Thailand, and Indonesia have more than 1,000 stores and are stepping up efforts to operate successfully in ASEAN countries.
The Effective Use of Technology is Providing Growth of the US Fast Food and Quick Service Restaurants Market
Published: Oct 2020
US fast food and quick service restaurants market is expected to grow with a considerable CAGR of 4.7% during the forecast period (2020-2026). The US-based fast food and quick service restaurants have footprints all across the globe. For instance, Subway has the highest number of location accounting for more than 41,500 locations, similarly McDonald’s Corp. also operates in approximately 38,500 location across the globe.
The Effective Use of Technology is Impacting the Growth of the North America Fast Food and Quick Service Restaurants Market
Published: Oct 2020
North America fast food and quick service restaurants market is anticipated to grow with a significant CAGR of 4.7% during the forecast period (2020-2026). The growth of the market across the region is attributed to the relatively low price and convenience offered by the fast-food options. Additionally, the growing popularity of fast-casual restaurants has also fuelled the growth of the market across the region.
The Increasing Penetration of Global Brands is Fostering the Indian Fast Food and Quick Service Restaurants Market
Published: Oct 2020
Indian fast food and quick service restaurants market is anticipated to grow with a significant CAGR during the forecast period (2020-2026). The growth of the market in the country is primarily driven by the advent of the technological economy and the adoption of modern life. Additionally, the presence of favorable demographics coupled with the rising disposable income of the people across the country will also aid in the growth of the market.
The Effective Use of Technology is Providing Lucrative Growth of the Europe Fast Food and Quick Service Restaurants Market
Published: Oct 2020
Europe's fast food and quick service restaurants market is anticipated to grow with a significant CAGR during the forecast period (2020-2026). The market growth is attributed to the continuous innovation from in the offering by fast food and quick service restaurants such as healthy and diet-friendly alternatives, rebranding desserts, menu expansion, and many more. Moreover, the digitalization across the region is also redefining the way consumers are attracted to fast food and quick-service restaurants.
The Effective Use of Technology is Augmenting the Asia-Pacific Fast Food and Quick Service Restaurants Market
Published: Oct 2020
Asia-Pacific fast food and quick service restaurants market is expected to grow with a significant CAGR of 7.5% during the forecast period (2020-2026). The market growth is attributed to the changing consumer preferences across the region that are mainly inclined towards trying international cuisines. Hence, the continuously increasing penetration of international cuisines is presenting new opportunities for the expansion of fast food and quick-service restaurants across the region.
The Expansion of Global Fast-Food Chains will Drive the Growth of the Global Fast Food and Quick Service Restaurants Market
Published: Oct 2020
The global fast food and quick service restaurants market is anticipated to grow with a significant CAGR during the forecast period (2020-2026). The market will be majorly driven by the increasing adoption of fast food by emerging economies across the globe. Additionally, the youth population is also turning more often now towards fast food for a quick food option.