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Fast Food Restaurants in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Fast Food Restaurants Market Research Report | NAICS 72221a | Oct 2014

Fast track: Restaurants will expand their menus as they fight to retain their share of customers

IBISWorld’s Fast Food Restaurants market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$199bn
Annual Growth 09-14
1.4%
Annual Growth 14-19
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Profit
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Employment
3,686,048
Businesses
150,841
Industry Analysis & Industry Trends

Although the recession caused individuals to eat out less, increasing disposable incomes will turn this trend around, resulting in greater demand for fast food options. Fast food restaurants will benefit from expanding their menus and adding new operations overseas in the next five years. Operators will also look to benefit from high-margin and nontraditional menu items to capitalize on increased spending... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Fast Food Restaurants industry is firmly entrenched in the mature stage of its life cycle. Over the 10 years to 2019, industry value added, which measures an industry's contribution to US GDP, is forecast to grow at an average rate of 2.2% per year, compared with estimated annualized GDP growth of 2.5% over the same period. Thus, the industry has exhibited slow and steady long-term growth, at a slightly slower pace than the economy as a whole. For this reason, many chain operators are seeking higher growth in overseas markets. The number of establishments is expected to grow at a nominal average rate of 1.4% per year over the ten years to 2019.

Significant shifts in consumer preferences have also had an impact on the industry over the past five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Fast Food Restaurants Industry?

This 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. This industry specifically excludes coffee and snack shops. Most of the industry's establishments also sell beverages, such as water, juice and sodas, but usually not alcohol.

Industry Products
BurgersSandwichesMexicanPizza and PastaChickenAsian
 
Industry Activities
Operating quick-service restaurantsOperating fast-food servicesOperating drive-thru and take-out facilities


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