Rise of the Fast Food Industry


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Uploaded on May 20, 2022

PPT on Rise of the Fast Food Industry.

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Rise of the Fast Food Industry

RISE OF THE FAST FOOD INDUSTRY Introduction Changes in port ion s izes , energy contents and nutr ient profi les of fast food over the last 30 years shows how these have led to l i festy le diseases. 2 Source: www.downtoearth.org.in Advent of fast food in India In India, increase in disposable income has in turn increased the f requency of dinning out . B ig fast food chains l ike McDonald’s came to India in 1996, and soon other b ig out lets l ike Dominos, Pizza Hut , KFC, etc , fo l lowed sui t , according to a study by AI IMS, Bangalore . 3 Source: www.downtoearth.org.in Advent of fast food in India cont. According to another report , Indian fast food market i s expected to grow at a compound annual growth rate (CAGR) of 18 per cent by 2020 due to changing consumer behaviour and demography. 4 Source: www.downtoearth.org.in The Industry Global ly, fast food generates revenue of over $570 bi l l ion - that is bigger than the economic value of most countr ies. In the Uni ted States revenue was a whopping $200 bi l l ion in 2015 - quite a lot of growth s ince the 1970 revenue of $6 b i l l ion. 5 Source: www.downtoearth.org.in How big is the fast food industry? According to IB ISWorld, the fast food industry in the United States is worth $278.6 b i l l ion dol lars in 2021. Stat is ta i s project ing i t to reach more than $281.6 b i l l ion by the end of 2021. Global ly, the market i s $570 bi l l ion. Expect fast food industry revenue to cont inue to grow year over year wi th more restaurants enter ing the market . 6 Source: www.synergysuite.com Getting fast food delivered at home Fast food is best enjoyed hot and fresh. Dur ing the lockdown, people have no opt ion but to order onl ine via Swiggy or Zomato. 7 Source: www.downtoearth.org.in How big is the fast food industry? According to IB ISWorld, the fast food industry in the United States is worth $278.6 b i l l ion dol lars in 2021. Stat is ta i s project ing i t to reach more than $281.6 b i l l ion by the end of 2021. Global ly, the market i s $570 bi l l ion. Expect fast food industry revenue to cont inue to grow year over year wi th more restaurants enter ing the market . 8 Source: www.synergysuite.com Which fast food brand has the highest brand value? Per Stat ista, McDonald’s has the h ighest brand value . In 2020, they had $40.53 bi l l ion in sales revenue, $22 bi l l ion more than the chain in second. When i t comes to other metr ics , l ike number of uni ts sold, Subway is number one. 9 Source: www.synergysuite.com Latest fast food industry trends The fast food industry’s t rending toward serv ing the customer more fu l ly. And not just one type of customer, but customers with many diff erent preferences and dietary needs. From vegan and plant-based to keto and low-carb, the r ise in specia l ty d iets has forced even fast food restaurants to make adjustments . 10 Source: www.synergysuite.com THANK YOU