The global fast-food industry experienced rapid expansion in the 20th

The global fast-food industry experienced rapid expansion in the 20th and current centuries due to increasing consumer demands. Currently, America as the most popular fast-food producer and consumer due to earlier market development, starting from the late 1800s and establishing dominance by 1950. Besides that, franchising industries’ growth, shifting labor demands, and lifestyle changes in the 1960s accelerated global expansion with popular brands like McDonald’s setting up stores in different counties. Despite consistent growth since the 20th century, increasing fast-food consumption poses health concerns like obesity, compromising future growth prospects for the industry. However, historic industry trends reveal the industry’s continuous expansion, providing insights into future economic prospects. This report evaluates the global fast-food industry’s size and growth prospects, analyzing major and emerging markets. Indeed, the westernized fast-food industry is popular worldwide and will continue to expand despite rising health concerns due to urbanization, increased income, and convenience.
The fast-food industry currently generates over $570 billion annually. The industry’s size almost doubled in the previous decade following popular brand dominance and franchising. For starters, the Commerce Department of Statistics estimated the catering market in China turnover stood at $183 billion in 2007, with the fast-food industry accounting for 45% of revenues. KFC had more than 1800 chain stores in over 402 cities in the country, dwarfing local fast-food restaurants. However, the franchise increased rapidly thereafter, establishing approximately 4800 restaurants in over 850 cities by early 2015. By 2013, China’s fast-food business industry increased 9.5 times since 2000, moving from 8.5 billion to 80 billion RMP. Other countries like Pakistan experienced similar growth in that period, revealing a global trend.
Despite shifts in consumer tastes and a recovering global economy, the global fast-food industry grew by 3.5% since 2014, generating $668 billion in global revenue in 2018. The Industry Market Research Report estimates that the fast-food market will bloom from $533,200 to $743,800 million at a 4.8% compound annual growth rate by 2022. These statistics point to crucial factors influencing the industry’s growth, although it compromises people’s health. The industry’s expansion benefits the global economy, creating employment, and increasing the supply chain. Besides, increased income, food safety assurance, reputable brands, and speedy services accommodate people’s busier lifestyles, increasing appeal for fast-foods. Consequently, the global fast-food market will continue to grow as it has in through the past and current century.
In summary, the fast-food industry faces growth challenges due to rising health concerns like obesity. However, consumer preferences for fast foods, a busier lifestyle, and food safety assurance might accelerate future growth. Nonetheless, social and health movements advocating healthier lifestyles should adopt more effective strategies to minimize health risks.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with CheapNursingWriter
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Excellent services will definitely come back
Customer 452441, September 23rd, 2022
Business Studies
Excellent service - thank you!
Customer 452469, February 20th, 2023
The paper was EXCELLENT. Thank you
Customer 452449, September 23rd, 2022
Architecture, Building and Planning
The assignment was well written and the paper was delivered on time. I really enjoyed your services.
Customer 452441, September 23rd, 2022
Public Administration
Excellent timely work
Customer 452451, April 19th, 2023
Job well done and completed in a timely fashioned!
Customer 452451, November 18th, 2022
Business Studies
Thank you!
Customer 452451, November 27th, 2022
English 101
Very good job. I actually got an A
Customer 452443, September 25th, 2022
Business Studies
Job well done. Finish paper faster than expected. Thank you!
Customer 452451, October 3rd, 2022
Thanks a lot the paper was excellent
Customer 452453, October 26th, 2022
excellent loved the services
Customer 452443, September 23rd, 2022
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat