Recession Creating New Opportunities for the US Fast Food IndustryBy: Shushmul Maheshwari
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Recession Creating New Opportunities for the US Fast Food Industry
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RNCOS has recently released a new research report, “US Fast Food Market Outlook 2010”, which says despite the gloomy economic conditions, the US fast food industry is rapidly growing on the back of inexpensive fast food and increasing working population. The overall fast food market is expected to grow in coming years and will cross the US$ 170 Billion mark by 2010.
The report identifies that due to recession, the US consumers are cutting their spending, capping off the worst year for consumer spending since 1961. Declining consumer expenditure also points to further slide in the US economy reeling from its worst crisis in decades.
However, the economic meltdown is benefiting the US fast food industry. People are now becoming more price conscious, particularly on food products, and changing their habits of going to restaurants for full fleshed diner and lunch to fast food. This is primarily due to the fact that fast food in the US is inexpensive as compared to other food. For example - dollar menu of US largest fast food chain McDonald’s consist items costing US$ 1 or less.
Rapidly growing working population is also driving the fast food industry in the US, says the report. This trend is more common in urban areas where the demand for ready made meals and pre-packed foods has scaled up due to increasing pace of life. Now Americans want to have some fast food which can provide the instant energy without taking too much time.
“US Fast Food Market Outlook 2010” provides an exhaustive research and rational analysis on fast food market in the US along with brief overview of the market performance in the past. This extensive research will help the clients to identify the opportunities existing in various segments of fast food industry in the US. The report also gives an overview of factors driving the fast food market, together with the forces that are blocking its growth.
The report provides forecast on critical segments of the US fast food industry like restaurant industry, fast food industry, GDP real growth rate, population growth and personal disposable income.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM014.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com |
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| Keywords |
US Fast Food Market Outlook 2010, Market Research Reports, Industry Report, Industry Analysis, Industry Research |
| Category |
Food and Drink |
| Submission Date |
Jul 27, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Food and Drink |
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Fast Food Remains Recession Proof in US
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Fast Food Remains Recession Proof in US
Busier life style of Americans and cost advantage in the time of recession will continue driving the fast food industry in the US.
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.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM014.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
Working Populace Making Chinese Fast Food Industry Steaming Hot
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Our new market research report, “China Fast Food Analysis”, says that the growing income levels and increasing working population are boosting growth in the Chinese fast food industry that is projected to grow at a CAGR of about 25% during 2008-2011.
The report identifies that personal disposable income is one of the significant drivers of the fast food industry in China. High disposable income is empowering Chinese people and thus, they are shelling out more to spend on fast food. The personal disposable income is anticipated to grow more than two-fold in 2012 from 2007, further enabling the Chinese people to spend even higher on fast food products.
According to the report, growing working population is another factor inducing growth in the fast food industry in China. Working population is increasing at a very fast pace in the country and this trend is more prevalent in urban areas where the life is running apace. This is creating a high demand for readymade meals and pre-packed foods as urbanites have no time to peel and cook. As employment opportunities are growing, we can expect to see increased demand for fast food in the country.
“China Fast Food Analysis” provides an exhaustive research and rational analysis on the fast food market in China. This extensive research will help the clients to identify market trends and evaluate the leading-edge opportunities critical to the success of the fast food market in China. 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.
This research supplements the past and current information on the Chinese fast food industry with forecast on various important industry aspects, including the market size of fast food industry, retail industry, food & non-food market, middle class population, personal disposable & median household income, instant noodles market, pizza market, bread & rolls market, retail industry by distribution, and food emulsifier market.
For more information visit: http://www.rncos.com/Report/IM154.htm
Current Industry News: http://www.rncos.com/Blog/
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Philippines Looking at World as Potential Halal Food Industry
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With Muslim population of 18-20 Million, the domestic market for halal food products is largely untapped in the Philippines, according to our new research “Philippines Food and Drinks Market: Emerging Opportunities”. Besides the domestic consumption, the country is aggressively eying other regions with sizable Muslim population to benefit from the rapidly growing halal food industry all across the world.
The government is continuously making its efforts to develop halal food industry for domestic as well as export purposes. In line with this, the department of Trade and Industry (DTI) has laid out marketing plans, consisting of joint partnerships between the government, business and the Muslims, each supporting the other, says an analyst at RNCOS. It is also making studies on Muslim consumption patterns.
The country is also pushing for the establishment of halal food corners in all supermarkets, groceries and food-related retail outlets in the country by 2009. It is also planning more overseas trade shows, product sales and marketing, and the promotion of Halal certification among exporters to create markets overseas.
The most important markets, the report has identified, for Philippine Halal food include the Middle East and ASEAN countries, which have the largest number of Muslim population in the world. The report has also identified various areas of halal food industry, which are important from investment point of view.
“Philippines Food and Drinks Market: Emerging Opportunities”- an updated edition in RNCOS’ research gallery - provides extensive research and thorough analysis of the food and drinks industry of the Philippines. It gives an insight into the consumption patterns among Filipinos across various food and drinks segments. These include meat, milk, fruit, vegetables, coffee, alcoholic drinks, soft drinks, etc.
This research study provides five-year industry forecast while evaluating industry facts which are supporting the growth of different segments. For instance, health drinks market in the Philippines is on surge due to expanding young population, rising income and a greater exposure to healthier and safer cuisine. This report will help the clients in analyzing the opportunities, challenges and drivers critical to the growth of the industry.
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RNCOS Releases a New Report- Russian Food and Non Food Retail Forecast (2009-2012)
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RNCOS has recently added a new Market Research Report titled, “Russian Food and Non Food Retail Forecast (2009-2012)” to its report gallery. Retail is one of the fastest growing industries of the Russian economy. In recent years, Russia has emerged as a leading name among countries providing the most conducive retail environment. In fact, Russia is the third most attractive destination for retail after Vietnam and India, thanks to its rapid economic growth, rising purchasing power, favorable policy framework, growing consumer spending and consumption level.
Realizing its potential as a “nearly perfect” retail outfit, a number of large international retailers are heading to Russia. A large population base and oil-based wealth has further attracted the foreign retailers towards the country, says "Russian Food and Non Food Retail Forecast (2009-2012)”.
The Russian retail industry is growing dynamically and undergoing rapid transformation. The market is still fragmented in nature with top 25 retailers accounting for less than 15% of the total market. The current situation offers big opportunities for retailers (both domestic and foreign) to expand their operations and to tap the market. And the vast consumer base with rising demand offers the desired platform for growth and expansion.
"Russian Food and Non Food Retail Forecast (2009-2012)” provides detailed overview on the retail industry in Russia. It covers the past, current and future performance of the industry and identifies the factors responsible for the growth of the industry. The research also studies the behavior of the Russian consumer with respect to his purchasing power, spending pattern, and inclination towards domestic and foreign brands. The future growth areas discussed in the report helps to analyze the emerging market segments for players.
The report features four-year industry forecast (2009-2012)
- Retail Sales in Billion US$
- Non-food Retail Sales in Billion US$
- Food Retail Sales in Billion US$
- Food Imports in Billion US$
- Luxury Goods Market in Billion US$
- Baby Food Market in Million US$
- Clothing Retail Sales in Billion US$
- Cosmetics & Perfumery Market in Billion US$
- Personal Disposable Income per Head in US$
- Consumer Expenditure in Billion US$
- Online Sales Market in Billion US$
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RNCOS Releases a New Report- Philippines Food and Drinks Market: Emerging Opportunities
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RNCOS has recently added a new Market Research Report titled, "Philippines Food and Drinks Market: Emerging Opportunities" to its report gallery. The Philippines has emerged as one of the rapidly growing food and drinks industries in the Asian region over the recent past. The country is characterized by various factors, such as its growing young affluent population, rising disposable income and rising consumer awareness regarding health and safety concerns. With these factors, the demand for health food and drinks is surging high, says our new research report, “Philippines Food and Drinks Market: Emerging Opportunities”.
The country exports foods to several countries, including the US, Europe and some Asian countries. However, the ongoing financial turmoil is forcing the country to look at alternative destinations such as the Middle East and Africa. In line with this, it is striving hard to get a share of highly lucrative global halal food industry, explains the report.
This report is an in-depth study that evaluates the past, current and future market trends in the food and drinks industry of the Philippines. This report has been made to help clients in analyzing the opportunities, challenges and drivers critical to the growth of the industry.
The research provides detailed overview of the consumption patterns of the Philippines in various food segments like consumption of milk, fruits, vegetables, meat etc. The beverage segment talks about the type of beverages, their sales and consumption patterns among the Filipinos.
It also offers an insight into various emerging segments in the Philippines food and drinks industry. Some of these include halal food industry, organic food, food exports, processed food etc.
The report provides five-year industry forecast (2009-2013) on various food and drinks segments. The forecasts are given on:
- Consumer expenditure
- Meat
- Fruit
- Vegetable
- Fish
- Milk
- Coffee
- Alcoholic drinks
- Soft drinks
- Bottled water
Wine market
Key player profiling
This report gives the brief profiling on the major players in the Philippines food and drinks industry, including San Miguel Corporation, Jollibee Foods Corporation, Pancake House, Inc., and Pepsi-Cola Products Philippines Inc.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM171.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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