NEW YORK, March 5, 2021 /PRNewswire/ -- The fast-food market is expected to grow by USD 75.85 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the fast-food market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
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.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
Key Considerations for Market Forecast:
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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. operates the business through the Unified segment. Key products offered by the company include Big Mac burgers and Chicken McNuggets.
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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:
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.
Get more insights about the global trends impacting the future of the fast-food market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45866
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Report Link: https://www.technavio.com/report/fast-food-market-industry-analysis
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