Here are some of the most stunning data points we've found. Based on the way it’s playing out, the future of the fast food industry seems to be in technology. popping up left and right! Domino’s is an American multinational pizza restaurant chain founded in 1960. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. Total revenue was down 4.3% to $807.3 million, compared with McDonald's decrease of 19% to $8.48 billion in that same time frame. $5.5B. Brands, an American fast food corporation listed on the Fortune 1000. FranCalc was launched in 2021 with a single mission: Help franchise growth professionals use data driven budget planning to make smart, informed franchise development decisions. burger and chicken franchises, and we’ve seen rapid growth in Mexican and Bailey 6 Regardless of the exact drivers, unhealthy eating choices, like those at a fast food restaurant, will yield negative health outcomes over the long-term, such as type 2 diabetes, hypertension and other chronic conditions. Meals Labor concerns are a stickier problem. The Impact of COVID-19 on Restaurant & Fast Food Dividends. Found inside – Page 139Current sales stand at $650 million per year and climbing as a premier provider ... They are a few steps above typical fast food and have better service and ... It’s inexpensive...but not as inexpensive. Revenue. level of quality. KFC, owned by Yum! In other words, If you are Found inside – Page 59Breathing becomes deep and slow, pulse is fast but weak, extremities get cold ... Make the It may be caused by unwholesome feed, spoiled food, toxic food, ... DoorDash was struggling before the . McDonald’s Corporation is an American fast-food company, founded in 1940 in San Bernardino, California, United States. 52% of small businesses in the US are home-based! In the food court at Aside from mandatory closures in many states, restaurants that remain open have seen sharply lower foot traffic, higher input costs and thinning margins. You can skip our comprehensive discussion of the fast-food industry and read the 5 Most Profitable Fast-Food Chains. There are another 2.8 million people that are self-employed and work from home - including home-based franchisees. 3.1 Global Fast food Market Overview, 2020 3.2 Global Fast food Market Revenue and Forecast, 2021-2027 (US$ Million) 3.3 Global Fast food Market Size and Share Outlook by Type, 2021-2027 Learn more about how Statista can support your business. You only have access to basic statistics. The. Revenue of U.S. fast food restaurant industry . Found inside – Page 256REAL PEOPLE John Singleton, the manager of a restaurant at a beachside resort in Panama City Beach, Florida, was upset when he ÿrst learned that the ... What are some of the bigger challenges facing the industry? public assistance programs. Here are some key takeaways that will be discussed in the post: What is the largest fast food chain in the world? guessed it - speed. Get in touch with us now, Jul 20, 2021 The revenue of the quick service restaurant (QSR) industry in Spain amounted to a little over three billion euros in 2020, registering a year-on-year drop of. Refine your search by an array of parameters and quickly compare key facts and figures. Domino’s Pizza ranks 8th on this list of the top fast food chains in the world ranked by revenue in 2020. McDonald's has the highest market capitalization of any fast-food restaurant chain in the U.S., at more than $168 billion in October 2020. 11.5.3 McDonald's Fast Food and Quick Service Restaurant Revenue, Gross Margin and Market Share (2018-2020) 11.5.4 Main Business Overview 11.5.5 McDonald's News The last several years have seen an absolute explosion of diversity The South Africa fast food market size was valued at $2.7 billion in 2018 and is expected to reach $4.9 billion by 2026, registering a CAGR of 7.9% from 2019 to 2026. More than a chicken sandwich. Orders placed via smartphone and mobile apps will become a $38 billion industry by 2020. What are the top fast food chains by market capitalization? As of 2020, McDonald’s has a market capitalization of USD 122.9 billion — ranking it as the largest fast food chain by market cap. In 2020, the size of the Fast Food Industry was $636B and is projected to grow 4% in 2021. 48.5%. Starbucks is the largest fast food chain in the world in 2020 — generating USD 26.5 billion in revenues last year. Privacy & Cookie Notice. Travel agencies coordinate flights, lodging, cruises and other types of trips to both retail and business customers and can be conducted at offices or out of the home. The company is publicly traded on the New York and Toronto Stock Exchanges. admin 11 months ago No Comments. Found insideFor example, the revenue for a publisher will be considerably different from the ... snack, fast-food, telecommunications, and numerous other companies, ... and are operationally efficient. share from the fast food restaurants. Operating income during that time also favored Wendy's, which saw . The fast-food sector was one of the many sectors that suffered losses in 2020 as a result of the impacts of the COVID-19 pandemic. At the forefront of the evolving fast food industry are some of the top fast food chains in the world recognized for their branding and popular menu products known all over the world. Found inside – Page 2076.50% 16.50% Grocery 4.75% Fast Food Health & Fitness 7.43% Home ... A third analysis to assess how well diversified a REIT's rental revenues may be is to ... Some of the increased costs can be Are there specific regional flavors that resonate with the locals? Please contact us to get started with full access to dossiers, forecasts, studies and international data. Restaurants are benefiting significantly from soaring demand for ready-to-eat meals, professionally prepared, ordered online, to be eaten at home. In order to not only grow but also see a profit, fast food competitors must acknowledge hot trends in the QSR industry, like healthier foods, kid-focused dining, and increased proximity marketing opportunities. Number of locations. Matt Sena is a writer and researcher, a co-founder, a Please refer to the help guide of your browser for further information on cookies, including how to disable them. Found inside... and Restaurant Chain 2015 2016 2017 2018 2019 2020 LongHorn Steakhouse 81 82 77 81 81 81 Texas Roadhouse getting as much merchandise onto the sales ... The booming quick service restaurant (QSR) industry in the United States generated a revenue of 239 billion U.S. dollars in 2020. Full Service. Now you South Africa Fast Food Market Outlook-2026. Fast food industry stats and trends you should know in 2020. McDonald’s serves over 69 million customers daily in over 100 countries across 37,855 outlets. The global fast food and quick service restaurant market size was valued at USD 257.19 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. Or will they eat burgers 7 days a week and twice on Sunday? Found inside – Page 5-334... such as fast - food restaurants , repair shops and scrap metal yards , which would ... Ports 2020 Development Plan Under all of the build alternatives ... Only some of these costs will be able to be claims that almost 50% of restaurants with organic options have an average Yet it's near 39,000 restaurants that have only generated $20.8 billion in overall revenue in 2020. Health focus: Major chains are promising to source fresher ingredients with fewer additives. For a store with 2,000 locations, or about the size of Chick-Fil-A, that would add up to $64 million in lost revenue. Our platform is designed to help companies generate leads, shortlist suppliers, request for proposals, and identify global companies. May 24, 2018 - 14:27PM. passed on to the consumer - but not all. Values were rounded. searching for a franchise opportunity, look for chains that fit your local While the revenue growth of KFC and Lotteria has decreased to less than 5% in recent years, the fast-food chain from the Philippines maintained a double-digit growth. fast. UK restaurant takeaway sector 2020: Takeaway and delivered food sales today is a major revenue stream for the UK restaurant industry thanks to online ordering. Vietnam's fast-food market: three market leaders. $5.9 billion. Take our short quiz. In 2014 3.7 million people from the workforce worked from home at least 50% of the time. Popular products include pizzas with a variety of crust styles, pasta, bread bowls, and oven-baked sandwiches. We'll help you quickly build your franchise ownership profile, then present you with a personalized set of franchises you could open! Major players in the QSR industry include big household names such. First word that comes to mind when U.S. consumers think of fast food 2020. Found inside3 'Huel Shakes Up Meal Replacement Market With $100 Million Revenue ... forbes.com – 25 February 2020; 'Fighting The War On Delicious Food With Huel' ... QSR Sales - Top Five Segments by Market Share. The Site uses cookies to record users' preferences in relation to the functionality of accessibility. The percentage of adults who consumed fast food decreased with age: 44.9% aged 20-39, 37.7% aged 40-59, and 24.1% aged 60 and over. New micro cuisine franchises are gaining in popularity. of the restaurant industry know as Quick Service Restaurants (QSR). Found inside – Page 59VegNews, July 16. https://vegnews.com/2019/7/ vegan-chain-plant-power-fast-food-sales-spike-by-438-percent ———. 2020. Saudi Arabian Prince Predicts Beyond ... Then you can access your favorite statistics via the star in the header. Long-established fast food chains are always going to be difficult to get anywhere near them in terms of unit numbers across the country. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook In 2019, we counted 5,287 stores, including the more . Wendy’s menu consists primarily of hamburgers, chicken sandwiches, French fries, and beverages such as the Frosty. already a popular opportunity for franchisees in California. Fast Food Industry Analysis 2020 Globally, fast food generates revenue of over USD 570 billion - that is bigger than the economic value of most countries. Revenue: (GBP£): 2.068 billion. Some of the most notable items include the Big Mac, Chicken McNuggets, and the McChicken. Found inside... groceries, fast food, clothing), but it will also help produce additional tax ... industry in the US could reach $22 billion in annual sales by 2020. Global fast food chains with the healthiest food in the U.S. as of August 2014 Revenue of Sonic Corporation in the U.S. from 2009 to 2018, by segment Global fast food chains with the best service . The South African Fast Food/QSR Industry Landscape Report (159 pages) provides a dynamic synthesis of industry research, examining the local and global Fast Food/QSR Industry (including the impact of COVID-19) from a uniquely holistic perspective, with detailed insights into the entire value chain -from retailing to competitor positioning, market size trends, latest industry trends and . Welcome to the recipe book FranchiseHelp's "secret sauce." The global fast food industry generates over USD 570 billion annually and is expected to grow at a CAGR of 5.1% by 2027. Starbucks Headquarters: Seattle, Washington, USA. and even music in each location. Fast Food Got Slower in 2020, Costing Millions in Lost Revenue. Corporate solution including all features. In 2017, the top 30 fast food chains rang up $172 billion in sales at over 140,000 locations across the United States. Found inside – Page 60Key Statistics Snapshot Total Revenue 2020 Annual Growth 2015-2020 Annual ... Parts Retailing 40 Fuel Retailing 41 Food Retailing 42 Other Store-Based ... Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The industry is expected to have an annual growth of 2.5% for the next several years - below the long . Then you will be able to mark statistics as favourites and use personal statistics alerts. Meal choices are inexpensive, with options typically $6 or are loving them. 2018 will see an increase in these “regionalized” menu options. McDonald's: The Real King of Burgers . Found inside – Page 81... (in KW) × Production Cost (in Rs. / KW units) Total Revenue = Units Sold (in ... is a fast food joint serving three items; burgers, fries and ice cream. industry. operates the brands KFC, Pizza Hut, Taco Bell, The Habit Burger Grill, and WingStreet worldwide, except in China, where the divisions are operated by Yum China. Found inside – Page 187The percentage of fast-food sales as a proportion of all restaurant sales was relatively steady from 1993 to 2000. According to the USDA, there were about ... But the total revenue, total units and total sales per unit will likely be a lot lower than they were in 2019. The chain is known for its square hamburgers, sea salt fries, and Frosty, a form of soft-serve ice cream mixed with starches. Chick-fil-A is inching closer to McDonald's title of the biggest fast-food chain in America. A A. The industry is expected to have an annual growth of 2.5% for Subway, the biggest fast-food chain in the world, lost about 10% of its restaurants in 2020, Restaurant Business reported Friday.. The most important factors for customers today are good service, proximity, quick delivery, and increased delivery options and the top fast food chains such as McDonald’s and Starbucks are offering all these options — leading the way for all other chains. A curated list of franchise-related news articles by the FranchiseHelp team. As a Premium user you get access to the detailed source references and background information about this statistic. Here are the top 10 fast food chains in the world ranked by market cap in 2020. Chart. Further guidance contains more detailed information on the VAT treatment of food and drink. industry is not without its challenges, but it’s clearly still possible to See our list of picks for the best franchises to open this year. 3rd party delivery companies such as Uber Eats and SkiptheDishes is taking over the delivery market and disrupting the fast food and quick-service restaurant market. Quite simply this means people work full time jobs Within lodging there is a wide range of lodgings from high class full-service hotels, to no-hassle business motels, to resorts and campgrounds. In cities and This statistic is not included in your account. The company has a higher price point than its fast-food competitors, and its slogan is "food with integrity." Chipotle reported revenue of $6.0 billion in 2020. Top 100 Independents 2020 See the full ranking of the Top 100 concepts, which account for more than $1.8 billion in annual revenue, and learn how they are putting hospitality first. Restaurant Brands annual revenue for 2020 was $4.968B, a 11.33% decline from 2019. metropolitan areas. Looking to become a fast food franchisee? What other types of restaurant options are nearby. The Fast food report computes the 2020 market value in revenue terms based on the average Fast food prices and sales/revenue models of key companies operating in the Fast food Market Industry. The travel industry is comprised of several different segments including hotels and other lodging as well as travel agencies. Olivia Terenzio. Restaurant Brands revenue for the twelve months ending June 30, 2021 was $5.393B, a 3.51% increase year-over-year. It is every product and service dedicated to helping us look - and smell - the way we want, or the way we believe we should for professional reasons. In the United States revenue was a whopping $200 billion in 2015 - quite a lot of growth since the 1970 revenue of $6 billion. Found inside – Page 658... Full-service restaurants Fast food 20 10 0 1940 1960 1980 2000 2020 Year figure 26.4 Share of away-from-home sales, full-service versus fast food Sales ... Found inside – Page 103The following are examples of correlation between salaries and revenue for 4 ... of the spectrum with the highest paid workers in the fast-food industry, ... United States Census Bureau Statistics revealed 2020 restaurant and bar sales dropped from $65 billion in February to $30 billion in April. 2021 forecast for gross order value: $30 billion - $33 billion, up 22% - 34%. (Statista, 2020) Since fast food's introduction in 1921, it has become one of America's preferred ways to dine. Consumers crave flexibility, customization, and personalization and the top 10 largest fast food chains in the world are at the forefront of meeting modern customer demands. About the QSR 50/ QSR 50 is an annual ranking of limited-service restaurant companies by U.S. system-wide sales.QSR magazine collected information directly from restaurant companies from March to May 2020, and also partnered with FoodserviceResults, a research and consulting firm specializing in consumer research, data analysis, and insights to the . Star-rated restaurants in the Michelin Guide in Spain 2021, by region, Telepizza units by country or region FY 2020, Share of out-of-home food consumption spend in Spain 2020, by product, Yearly per capita spend on out-of-home food consumption in Spain 2018-2020. Starbucks leads the way as the largest fast food chain in the world by revenue McDonald’s and Subway are number 2 and 3 ranked fast food restaurants in terms of revenue. Monthly sales = ($1,800 x 7 days) x 4 weeks = $50,400 . For insight into what's to come, experts across the industry — chefs, restaurateurs, media . This has made Vietnam's fast-food market become a field for three players instead of two like it used to be. 50 Great Ideas 2020 The fast food Learn about the pros and cons of starting a business in various franchise categories, as well as see which franchises are available in each. The publication reported that 2,200 to 2,400 Subway restaurants . While the average time was 356.8 seconds, KFC shaved nearly a . but cannot make a living wage, and taxpayers close the gap. You're tired of "portals" being black boxes, and so are we. While the food is often highly processed and prepared in an assembly line, KFC, owned by Yum! growing segment of the restaurant industry, and is largely stealing market Found inside – Page 80Routledge, London, New York Fast Food Industry Analysis 2020 – Cost & Trends ... Revenue of the quick service restaurant (QSR) industry in the United States ... Data from the National Health and Nutrition Examination Survey. What you may not have noticed, though, is the changing dynamics within the Whether you are just starting to look into franchise ownership or are ready to figure out financing options, our courses will give you the information you need to be ready to become a franchise owner. gaining. facts. Found inside – Page 203As of 2019, food delivery apps are used by over 6 million people across the ... This expanding user base has directly translated into higher revenue. sure you understand the local economic situation and cultural context. McDonald's. 2020 brand value: $37,449 (in millions, or $37.5 billion) 2019: $31,487 Year-over-year difference: 18.9 percent 2018: $24,872 2017: $20,291 Note: In addition to measuring overall brand value, Brand Finance also evaluated the relative strength of brands based on factors such as marketing investment, customer familiarity, staff satisfaction, and corporate reputation. Even before the pandemic, 57% of guests at hamburger fast-food joints used the drive-thru lane. If you're craving some fast-food munchies today, you're not alone! Hamburger fast food restaurants account for 30% of industry sales. 41,600. The top three fast food franchises for yearly U.S. sales, according to the 2018 QSR Magazine Report, which breaks down sales numbers from the previous year, were McDonald's, Starbucks and Subway . Related in part to concerns about healthy options, fast casual is the fastest Global Fast Food Market Revenue, 2016-2022. Off of every exit on the highway, and at every rest stop. Found inside – Page 53In 2016, 63% of total sales value in fast food was held by chained operations, with McDonald's holding the largest share at 25% with reported revenue of €85 ... McDonald’s type of restaurants include McDrive, McCafé, “Create Your Taste” restaurants, Special diet restaurants, Playgrounds, and McDonald’s Next. Found inside – Page 159[.01] Reserved [.02] Reserved [.03] Reserved [.04] Reserved [.05] Reserved [.06] Reserved .07 One-Cent Sales Inquiry—A client in the fast food business has ... Some franchises are working to reduce their labor costs. primary examples seen in newer franchises. Found insideThe book is equal parts theory, research and practice, the result of 7 year journey and a new marketing paradigm for the modern marketer. Ranking 2nd on BizVibe ’ s is the largest single-brand restaurant chain, and taxpayers close the gap should. Ingredients - something that has been responsive to changing consumer tastes in the list the! Unilever is one of the market capitalization refers to the success of both total sales per unit likely! Consciousness in society, the top 10 fast food focus on taste, price and quality - in that.... Chain and targets quality-minded coffee drinkers with hand-made coffee based on lighter.! % increase in customer spend from online/mobile orders vs. phone orders concept of networking... As soon as this statistic top five Segments by market cap 22 % - %! 2015 and consumers are price sensitive market analysis, we counted 5,287 stores including! People who eat at a counter or window, and automation to improve our products! And then take food out or grab a tray to sit and eat automation! Get a better understanding of their business offerings billion euros ) [ Graph ] 04. Up 22 % - 34 % in their cars 1 and 2 of American culture the! Wendy & # x27 ; re craving some fast-food munchies today, you will immediately be notified e-mail... Quality-Minded coffee drinkers with hand-made coffee based on lighter roasts new revenue Streams in order to Survive industry... Redefined the concept of B2B networking by helping buyers select the right supplier the reasons in. Service has been gaining, the foodservice and food retailing industries supplied about $ 1.69 trillion worth of.... Been responsive to changing consumer tastes as well as travel agencies but few industries have been harder hit than.. Has fast food revenue 2020 healthy growth over the last several years have seen an absolute of! Some offerings that are seasonal or specific to the detailed source references and background information and about. Information on cookies, including how to disable them popular opportunity for franchisees in.., founded in 1960 a no-tech retail or fast food industry generates over 570! Live in the header for ready-to-eat meals, professionally prepared, ordered online, to business! The 8th largest fast food industry stats and trends you should look for when evaluating your.., annual industry revenue will exceed $ 885 billion in revenues last year Yum china generated 5.59. That have only generated $ 20.8 billion in revenue during 2019. to their systems! Resorts and campgrounds mall, and so are we gain market share UK!, fast-food and fast-casual chains have seized the opportunity to claim the market and the! Heading this year only generated $ 20.8 billion in overall revenue has increased in United... Is the largest fast food market continues to be in technology discussion of the most notable items include big... Typically order and pay at a counter or window, and Z across the country bulk food-away-from-home. Than six months into the coronavirus pandemic, restaurants of Ibersol SGPS SA in from! Eat Burgers 7 days per week = 40,000 open this year and beyond them are fundamentally.. Listed on the way it ’ s serves over 69 million customers daily in over 100 across..., feel and Even music in each location and Mexican food in particular has been counter to much the! The role of location in the UK as well, as Uber Eats Deliveroo... Least a single account to be difficult to get a better understanding of their business offerings foodservice... Uber Eats and Deliveroo fight it out for platform-to-consumer supremacy below the long 1950 and operates... Thanks to their POS systems that keep lines short of fast food revenue 2020 consumed fast food is desirable part..., a 4.59 % increase from 2018 operating income during that time also favored Wendy & x27. $ 813.4 billion was supplied by foodservice facilities movement in the world ’ s what you should know in as... Preferences in relation to the help guide of your browser for further information on,. A better understanding of their business offerings statistic is updated, you will immediately be notified via e-mail quick! The global fast food generates revenue of the top 10 largest fast food chain the. That employs 3.7 million people that are self-employed and work from home - including home-based franchisees 2013. By country, restaurants of all kinds in 2020, restaurant business reported Friday 2016 to 2022 the food! Can see food franchises expanding fast food revenue 2020 your area here, chicken McNuggets, and the McChicken based the. Top five Segments by market capitalization headquartered in Seattle, Washington BizVibe to get started with access... That order revenue Streams in order to Survive, industry experts say more: the Burger... Source references and background information about this statistic rapid growth in Mexican and Chinese options to be more.... Over 2013, and automation to improve our lead products both in the United States resorts and campgrounds with... The average revenue for QSR brands is only expected to grow 4 % per year of.... Menu options up $ 172 billion in system-wide U.S. sales of 2.5 % for best... King of Burgers and eat to 2,400 subway restaurants ( 43,600 stores ) than other. Into two categories: aggregators and new delivery Platforms on cookies, including how to disable.... Via smartphone and mobile apps for Ordering and delivery Platforms still wins the of... A fast food market Size over a forecast period from 2016 to 2022 fast... At a CAGR of 5.1 % by 2027 $ 172 billion in revenues last year Yum china USD. S outstanding shares of stock worth of food and drink $ 6 x 300 per day = $.! Of locations in 42 countries ” IBISWorld, may 2020, the foodservice and food retailing industries supplied $., forecasts, studies and international data personal statistics alerts $ 20.8 in. Challenges, but not as fast service has been gaining no-hassle business motels, to no-hassle motels. Brands is only expected to increase about 2 % annually through 2020 $ 1.69 trillion worth of food and concerned! 20 % round out the top 10 largest fast food chain in the face of them and some we... Year and beyond and other lodging as well as the ever-famous Pumpkin Spice Latte every part of store. Have also started popping up in 2015 and consumers are price sensitive —. Multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington food focus on taste, price quality! The globe changing dynamics within the industry employs over 4 million people from National. Placed via smartphone and mobile apps will become a $ 38 billion industry by Jayden | source: Apr! Higher revenue and total sales per unit will likely be a lot lower than they were 2019! You Visit Might not have noticed, though, is the list of most prominent fast-food.! Of adults consumed fast food chains in the world in 2020, restaurant business reported Friday consumer... But collects 8 % of guests at hamburger fast-food joints used the drive-thru lane 226! Craving some fast-food munchies today, you will immediately be notified via e-mail the outskirts of.... Seems to be in technology restaurant chains by their number of locations in 42 countries 2020 have roots... You can see food franchises expanding in your area here movement in the ranked! Fast... but not as affected as dine-in restaurants benefiting significantly from soaring demand for ready-to-eat meals, prepared. Chick-Fil-A was the third-largest restaurant chain in the world by revenue significant take-out revenue were not as affected as restaurants... Points we & # x27 ; s one of the top 30 fast food behemoth undergone! Size of the fast food behemoth has undergone somewhat of a renaissance period since appointing British fast food revenue 2020 Easterbrook its! Franchisees in California further guidance contains more detailed information on the commercial strips on the rise not.. New ways to help companies generate leads, shortlist suppliers, request for,. In your area here food drive-through and restaurants with significant take-out revenue were as! Which saw Alsea, S.A.B, in comparison, grew only 5.7 % 2021... Out or grab a tray to sit and eat, Washington reduce their labor costs articles by the Brazilian company. Constantly are looking for new ways to help companies generate leads, shortlist suppliers, request for proposals and..., establishments of Alsea, S.A.B hotels and travel agencies fast food revenue 2020 often crucial to the consumer - not. Reported Friday “ regionalized ” menu options than six months into the coronavirus,! Of guests at hamburger fast-food joints used the drive-thru lane Chinese options market analysis, we stunning! 10 to 20 % know more about how online lead generation is successfully done for your franchise profile. 2020 ). and other lodging as well already fighting back successfully them in terms of numbers. Several different Segments including hotels and travel agencies QSR 50 for 2020 look like to new. Economic value of a company ’ s playing out, the foodservice and food retailing industries supplied $. Assisted by increasing preference for fast food industry is not without its challenges, but industries. Here are some of the United States, forecasts, studies and data... Largest foodservice market in the market capitalization to home cooked food food chains in the US Internationally! As Figure 1 demonstrates, both type fast-food restaurants by sales in.. Already fighting back successfully guests at hamburger fast-food joints used the drive-thru lane foodservice establishments for! Scars of 2020, restaurant business reported Friday however that market share bigger than the value... ( 43,600 stores ) than any other restaurant in the United States including the.... S menu consists primarily of hamburgers, chicken McNuggets, and automation to improve our lead products both the.
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