Yum! Brands, Inc. company announced the acquisition of Dragontail Systems Limited, a technology solution innovative provider for the food industry, after the successful implementation of the previously announced share scheme of arrangement by Australian corporation law.
Nestlé, and Starbucks Corporation announced that they are collaborating to launch Starbucks Ready-to-Drink (RTD) coffee beverages across the market in Southeast Asia, Oceania, and Latin America. With this partnership, they are working to offer these coffee beverages to consumers as of 2022 quickly.
Author Credits: Parul Atri
Report ID: 6015
Published Date: Nov 08, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of fast food is assessed at USD 735.54 billion.
The fast food market size was over USD 705.62 billion in 2024 and is projected to reach USD 1.38 trillion by 2037, witnessing around 5.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by the growing consumption of fast food among the working population, the surge in a number of options for healthy fast food , and the rise in the number of quick-service restaurants.
North America industry is set to dominate majority revenue share of 35% by 2037, influenced by increasing disposable income in the region.
The major players in the market include Yum! Brands, Inc., Nestlé, Subway IP LLC, Taco Bell, Pizza Hut, KFC Corporation, Dairy Queen, Tim Hortons, Wendy’s International, LLC, Burger King Company LLC