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Asia Pacific Fast Food and Quick Service Restaurants Market Size, Share, Future Prospects and Foreca
Asia-Pacific fast food and quick service restaurants market is expected to grow with a significant CAGR of 7.5% during the forecast period (2020-2026). The market growth is attributed to the changing consumer preferences across the region that are mainly inclined towards trying international cuisines. Hence, the continuously increasing penetration of international cuisines is presenting new opportunities for the expansion of fast food and quick-service restaurants across the region. Additionally, the increasing disposable income coupled with the stable economic growth of the region is also driving more people to eat-out and use services such as home delivery and drive-thru provided by fast food and quick-service restaurants. Furthermore, the increasing consumption rate of fast food especially in developing economies such as India and China owing to the huge population base of young consumers is aiding to the growth of the market.
In addition to this, the increasing popularity of home delivery due to increasing internet penetration and the emergence of various start-ups along with the restaurant chains' own delivery network is also propelling the market growth. Besides, with the increasing internet penetration in the region, the global and local fast-food brands are using digital advertisements to increase the popularity of their brands among the people. This, in turn, will also foster the growth of the fast-food and quick-service restaurants market in the Asia-Pacific region.
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Creation date: Oct 16, 2020 12:42am Last modified date: Oct 16, 2020 12:44am Last visit date: May 10, 2024 1:21am
1 / 20 comments Displaying comment thread
Jan 18, 2024 ( 1 comment )
1/18/2024
1:16am
Danny Link (linkhaliabarda)
Hey. Convenient fast food restaurants have become a necessity for many people. Among them, Subway stands out due to its high-quality menu and affordable prices. You can enjoy their food in numerous restaurants, or order food home. They rarely have problems with ordering and delivery, and if this happens, you don’t have to look for the subway number but report it online, and they will do everything possible to ensure that you receive your food as soon as possible.
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