The fast food industry includes the companies working in packaging, and distribution of foods through various chains or individually. The primary factors for the growth of the fast foods industry before COVID-19 pandemic includes the rise in the number of on the go consumers and increased adoption of ready to eat food. Further, steadily increasing population and per capita income and changing lifestyle were other growth-enhancing factors of the fast foods industry. However, the key factors that affect the fast food industry after the pandemic include the shutdowns of the restaurants and other seating areas.
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OMR global recently published a report addressing the impact of COVID-19 on the global fast food industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on the fast food industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.
A Full Report of Global Fast Food Industry Market is Available at: https://www.omrglobal.com/industry-reports/fast-food-industry-market
The global fast food industry report is segmented based on online food chains and offline food chains. The outbreak of COVID-19 had a dual impact on these segments. That includes the offline food chains that are restaurants and cafes that are entirely shut down in some regions, whereas, online food deliveries are available.
The novel COVID-19 has impacted the fast food industry in almost all regions including North America, Europe, Asia-Pacific, and the Rest of the World. Countries including Italy, Spain, Germany, France, and UK in Europe; the US & Canada in North America and China, Japan, and India in Asia-Pacific are among the most affected countries. Due to the COVID-19 pandemic, the Chinese government had shut all the restaurants and cafes in the country. The supply chain has been largely impacted by the pandemic COVID-19. For instance, in the first quarter of 2020, Coca Cola Co., (a major beverage producing company for fast food restaurants) experienced delays in its raw material supply from china as a result of industrial stalls related to the spread of COVID-19 in China. The company sources sucralose from both the US and China, however, has flagged that Chinese suppliers have experienced delays in production and export.
Global Fast Food Industry Market – Segmentation
By Mode of Transportation
• Road
• Sea
• Rail
• Air
By Application
• Food and Beverages
• Chemical
• Pharmaceutical
• Others
Global Fast Food Industry Market – Segmentation by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Burger King Corp.
• Domino's Pizza, Inc.
• Dunkin' Donuts LLC
• Home Original Chicken Co. Ltd./ Laoxiangji
• International Dairy Queen Inc.
• KFC Corp.
• McDonald's Corp.
• Papa John's International Inc.
• Pizza Hut, Inc.
• Starbucks Corp.
• Subway Restaurants Inc.
Market Overview and Insights
• Scope of the Report
• Analyst Insight & Current Market Trends
• Key Findings
• Recommendations
• Conclusion
• Government support/bailout packages for the Fast Food industry
• Supply & Demand Analysis
Industry Overview
• Historical market growth estimation in the Fast Food industry pre-COVID-19 pandemic
• Deviations in the Fast Food industry growth rate due to COVID-19 pandemic
Verticals Affected Most
• Online Food Chains
• Offline Food Chains
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