$1.1tr
$XX.Xbn
13m
548k
$XXX.Xbn
The global fast food industry has seen its fortunes rise steadily, with a projected annualized growth rate of 2.7%, increasing its revenue to an impressive $1.1 trillion over the last five years up to 2024. This success is largely due to the rise in disposable income, enabling consumers to indulge in dining out. This is supported by steady and consistent demand from emerging markets, whose unique contribution has bolstered the industry's overall performance.
Industry revenue has grown at a CAGR of 2.7 % over the past five years, to reach an estimated $1.1tr in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
McDonald's Corporation | 127,864.0 | 11,437.0 | 8.9 | |
Yum! Brands Inc. | 74,766.7 | 3,679.0 | 4.9 | |
Restaurant Brands International Inc. | 39,002.3 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Burger, Sandwich and Snack. Burger is the largest segment of the Global Fast Food Restaurants.
Burger restaurants represent the industry's largest income source
The Global Fast Food Restaurants industry is composed of restaurants where patrons pay for quick-service food products before eating. Purchases may be consumed on-site, taken out or delivered. Gross revenue is derived from both franchised and company-owned stores. Franchise fees are not accounted for in total industry revenue. Most of the industry's establishments also sell beverages, such as water, juice and sodas, but usually not alcohol.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry's attempts to respond to changes in consumer preferences have helped diminish the decline in fast food demand. However, consumers' increasing awareness of the he...
Learn about an industry's products and services, markets and trends in international trade.
Due to the diverse and fragmented nature of the industry, many restaurants do not fit neatly into one category. For example, many burger restaurants also serve pizza and sand...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Revenue growth is largely affected by the population and per capita income within a specific region. Fast food restaurants tend to be concentrated in developed areas of the g...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Up-and-coming concepts have forced traditional fast food stalwarts to innovate to compete. The chicken sandwich war between fast food operators is an example of incumbents co...
Learn about the performance of the top companies in the industry.
McDonald's is the industry leader, with nearly 20.0% of the market share. Major fast-food chains focusing on traditional fast food have experienced challenges as customers in...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulations within the Global Fast Food Restaurants industry include franchise promotions and sales regulations by various government agencies. The regulations that affect th...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The Global Fast Food Restaurants industry has high product turnaround. However, its relatively low profit makes it vulnerable to adverse changes in demand, including recessio...
Including values and annual change:
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The market size of the Global Fast Food Restaurants industry in Global is $1.1tr in 2024.
There are 548k businesses in the Global Fast Food Restaurants industry in Global, which has grown at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Global Fast Food Restaurants industry in Global has been growing at a CAGR of 2.7 % between 2019 and 2024.
Over the next five years, the Global Fast Food Restaurants industry in Global is expected to grow.
The biggest companies operating in the Global Fast Food Restaurants market in Global are McDonald's Corporation, Yum! Brands Inc. and Restaurant Brands International Inc.
Operating quick-service restaurants and Operating fast food services are part of the Global Fast Food Restaurants industry.
The company holding the most market share in Global is McDonald's Corporation.
The level of competition is high and increasing in the Global Fast Food Restaurants industry in Global.