Name: the fast food market
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INFORMATION ON THE STUDY

Prix: 89€ HT
Last update: 19/07/2021
Language: English
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MARKET SUMMARY

1.1 Presentation and market definition

Fast food is defined by INSEE as "the supply at the counter of food and beverages to be consumed on the premises or to be taken away, presented in disposable packaging".

This sector thus includes the restaurants fast food restaurants offering mainly take-out meals, the sale of meals in the food trucks, the fast food stalls, and finally tea shops. However, it does not include retail sales through vending machines.

Speed of service, simplicity of dishes, low prices, and an ability to manage high demand are prevailing characteristic of fast food restaurants. In light of this, fast food can be included in three major categories: traditional fast food restaurants, fast casual (focus is on quality and a diverse offer, examples of stores include Cojean), and fast good which offers a specialized, customizable offer in a pleasant setting, such as Big Fernand. The main customers are individuals and professionals alike. [malou]

The world market is growing rapidly, which is a trend that is similar across the globe. Emerging Economies are seeing the largest expansion of fast food facilities, whilst the Developed World's growth comes from a larger product offering such as healthy alternatives. France is traditionally not associated with fast food, instead the country is more known for its' gastronomy. However, fast food popularity is increasing rapidly; France represents roughly 10% of the global market for fast food and outlooks are positive. The nation is experiencing growth due to a larger range of environmental and health-oriented products being placed on the market, consequently speaking to more consumers.

National fast food market

2015-2019, France, in billions of euros

CAGR: 10,7%

Sources: NPDGroup; LAVDE

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