According to our new research report “US Fast Food Market Outlook 2010”, consumer expenditure on fast food rose sharply in past few years, accounting for around 30% of total restaurant industry sales in 2008. With the busy life style, cost advantage and increasing demand of convenience food, the total fast food industry in the US is expected to grow at a CAGR of nearly 5% till 2010.
As per our research, consumers in the US spend nearly half of their food budget on restaurants, which creates huge opportunity for the industry. Fast food is an important segment of restaurant industry, which accounted for around 30% share of total restaurant industry in 2008, and this share is continuously increasing in the recent years due to increasing popularity of fast food in the country.
We have also found that in the phase of recession, fast food sales in US are increasing. This is due to the fact that fast food in the country is comparatively inexpensive than the traditional food and thus, more and more people are turning to fast food in the wake of economic crisis. Also, hamburger is the preferred fast food item in the country, representing the growth of around 5% in 2008 over 2007, and the same trend is expected to continue in the coming years also.
Our report “US Fast Food Market Outlook 2010”, supplements the past and current information on the US fast food industry. It provides an exhaustive research and rational analysis on fast food market in the US. This extensive research covers the major segment of fast food which will help the clients to identify the opportunities existing in the different segments of the US fast food industry. This study gives an overview on the various factors driving the fast food market, together with the forces that are blocking the growth of the industry.
The report also provides forecast on critical segments of the fast food industry in the US like Restaurant Industry, Fast Food Industry, GDP Real Growth Rate, Population Growth and Personal Disposable Income.
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