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Latin America Fast Food Market Research Report – Segmented By Type (Burger/Sandwich, Pizza/Pasta, Chicken & Seafood, Asian/Latin American Food and Others), Distribution Platform (Quick Service Restaurant (QSR), Street Vendors, Food Delivery Services, Online Food Delivery and Others) and Country (Brazil, Mexico, Argentina, Chile and Rest Of Latin America) – Analysis on Market Size, Share, Trends, COVID-19 Impact and Growth Forecast (2024 to 2029)

Published: March, 2023
ID: 4212
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Fast Food Market Size (2024 to 2029)

The Latin American fast food market is estimated to be worth USD 75.37 billion by 2029 from USD 57.7 billion in 2024, growing at a CAGR of 5.49% from 2024 to 2029.

Fast food is less healthy and stands out of various foods. Fast food is famous considering its lower costs, solace and tastes extraordinary. Regardless, fast food is made with fewer quality things which makes them unwanted and less nutritious. Some fast-food suppers have included sugar not only does that mean extra calories, but furthermore little sustenance. Several fast foods, including refreshments and snacks, include more starch with less fiber.

The key factors driving the growth of the Latin American fast food market include the rising number of working individuals, developing urbanization, an extension of fast-food chains, and rising discretionary cash flow. Additionally, different components adding to the market development are changing in the flavor of shopper inclinations, expanding the quantity of working populace, expanding the number of drive-through joints and an expanding number of global foods. High preparation costs and developing well-being mindfulness in individuals are hampering the market development during the gauge time frame. The noteworthy difficulties confronting the Latin American fast food market are sanitation guidelines and planning of more advantageous dinners are making gainful open doors for the fast-food market development during the forecast period.

The enormous driver is the broadening urban individuals and their requirement for brisk and speedier alternatives for their supper. Likewise, the expansion in changing ways of life and taste inclinations of the clients is delivered and developing countries are boosting the regional market. Likewise, developing food and refreshment associations are moreover expected to support this industry. The ascending in the number of bistros and lodgings is credited to brisk urbanization and globalization, which thusly is relied on to help the progression of the Latin American fast-food market. Also, ascend in well-being knowledge among customers and expanded energy for solid and heavenly food drive the regional market growth. Their area is a piece of the ascent in concerns identified with fast food. Analyzes guarantee that the utilization of fast food causes overweight, heftiness, and other clinical issues. The clinical issue is the best limitation in fast food market improvement. This ascend in concerns has driven individuals to change from fast food to accommodating fast food. The Latin American fast-food market is losing its bit of the general business to nice fast food.

This research report on the Latin American fast food market has been segmented and sub-segmented based on the following categories.

Latin America Fast Food Market - By Type:

  • Burgers & Sandwiches
  • Pizzas & Pasta
  • Asian/Latin American Food
  • Chicken/Seafood

Among these, the pizza/pasta segment is foreseen to register the most substantial development in the Latin American market during the anticipated period. Nonetheless, the burger/sandwich section is likely to develop at a considerable CAGR in the Latin America fast food market during the same time.

Latin America Fast Food Market - By Distribution Platform:

  • Quick Service Restaurant (QSR)
  • Street Vendors
  • Food Delivery Services
  • Online Food Delivery

The online food delivery channels are determined to record the highest revenue in the local business in the following years.

Latin America Fast Food Market - By Country:

  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Rest of Latin America.

Among these, Brazil holds the biggest piece of the pie in the Latin American fast food market because of a bustling way of life, appeal for helpful food and solid changes in fast food market menus and Argentina is relied upon to enroll the most noteworthy development in the Latin America fast-food market. A fast-food market report says this is because of ideal socioeconomics, more prominent urbanization, increment in fast-food market patterns and high appropriation of the Western lifestyle.

KEY MARKET PLAYERS:

Companies playing a major role in the Latin American fast food market include Domino's Pizza, Burger King, KFC, Subway, Dunkin' Donuts, McDonald's, Hardee's, Pizza Hut, Firehouse Subs and Auntie Anne's.

RECENT HAPPENINGS IN THE MARKET:

  • In August 2018, McDonald's introduced its new application for the advancements and made individuals utilize the application. It is parting with McDonald's gold cards as a piece of the battle.
  • In August 2018, CNBC confirmed that Subway has the most areas around the globe, around 43000 out of 2017.
  • In August 2018, Burger King began selling many soft drinks that are making acceptable benefits from the beginning of the day.

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