The fast-food industry was worth $647.7 billion in 2019 and is expected to be worth $931.7 billion by 2027, increasing at a CAGR of 4.6 per cent over the forecast period. 

Fast food is described as food that can be prepared and served quickly. It serves as an alternative to home-cooked meals. Fast food is commonly used in restaurants, motels, and fast-food establishments. 

Furthermore, it makes food preparation and storage easier. The increased number of restaurants and hotels is linked to faster urbanization and globalization, which is likely to fuel the development.

Furthermore, rising consumer health consciousness and growing demand for nutritious and flavorful food fuel market expansion. 

There has been a significant increase in worries about fast food. According to studies, fast food intake contributes to overweight, obesity, and other medical problems. 

The most significant impediment to the expansion of the fast-food industry is the problem of health. 

People have switched from fast food to quick casual meals as their worries have grown. Fast-casual food is eroding the fast-food market’s stake.

The global employment rate of women has increased significantly. With a rise in the number of employed women, it becomes increasingly difficult for them to prepare meals, resulting in a reliance on fast food. 

For example, according to the United States Department of Labor, the female labour-force participation rate in the United States in 2019 was 46%. 

Similarly, in China, the female labour force participation rate was approximately 43.7 per cent, and in South Africa, it was around 45 per cent. During the projected period, all of these elements will contribute to the fast-food industry’s growth.