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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 | May 2016

Grab and go: Operators will offer healthy menu items to grasp a larger share of a saturated market

IBISWorld’s Fast Food Restaurants market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$228bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
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Profit
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Employment
4,269,281
Businesses
208,392
Industry Analysis & Industry Trends

Over the past five years, the Fast Food Restaurants industry has struggled with consumer preferences moving away from unhealthy foods and a saturated food service landscape that has kept prices low. In comparison with other operators in the hospitality sector, fast food restaurants performed relatively well during the early half of the last five-year period due to their low price points and the extra convenience they offer. However, heavy competition from other segments in the food services sector has forced fast food operators to emphasize low prices in a continuing battle to attract consumers. Over the past five years, consumer eating habits have changed as people have become increasingly health conscious and have demanded alternatives to traditional greasy fast food options... purchase to read more

Industry Report - Industry Analysis Chapter

The Fast Food Restaurants industry has experienced steady growth over the five years to 2016, as convenient and affordable food remains popular with consumers. While the low price point of the industry’s products typically places fast food restaurants with a competitive advantage over other segments of the food services sector, rising consumer sentiment, which has spurred a greater amount of spending on discretionary items such as meals, has increased competition overall. Furthermore, with the rise of fast-casual concepts rapidly gaining market share, major industry operators have had to alter their offerings to effectively compete... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Fast Food Restaurants Industry?

This industry comprises 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 (up-front costs associated with opening a franchise) are accounted for in industry revenue. This industry excludes coffee and snack shops. Most industry 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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