Fast Food Market in the US Set for Tremendous Growth

With the rise in young population and middle class income, the US fast food market will surge at a CAGR of around 4% during 2011-2014, RNCOS identified.

NOIDA, India (prHWY.com) June 7, 2011 - According to our research report "US Fast Food Market Forecast to 2014", the US fast food industry has emerged as one of the leading industries in the country. It has been witnessing consistent strong growth for the past few years. Due to the busy lifestyle and comparative cost advantage, people in the US prefer fast food at the regular full-service restaurants. Hence, the industry provides lucrative opportunities for both existing as well as new market players. Moreover, with the rising young population and increasing disposable income of the middle class households, the domestic fast food industry in the US is expected to surge at a CAGR of around 4% during 2011-2014.

Ongoing analysis found that, American People have become more price-conscious about the food products. They are now turning away from their traditional habits of frequent eating out at restaurants. All the major fast food chains have registered an increase in revenue during the past few years. The US is the world's largest fast food market and is in a pivotal position to maintain its leadership in the coming years.

The baseline for the optimistic future outlook of the US fast food industry is the rise in the number of product varieties offered by the players. These players have started opting for international expansion and are offering discounts and combos to raise revenue from all the corners. Besides, the recovery and strengthening of the US economy from 2010 onwards has also paved way for the fast food industry to grow at faster pace during the forecast period.

Our new research report "US Fast Food Market Forecast to 2014", contains an extensive research and rational analysis of the fast food industry in the US. It provides segment level analysis along with information of the emerging trends. The report also studies the impact of financial crisis on the fast food industry that will help consultants, industry analysts, and vendors to understand its current and future performance. We have also studied the consumer behavior in context of spending on fast food and other essential items to present a deep insight into the current food consumption patterns. The study of macro-economic factors provides information about the role of population and economic prosperity of people in driving the US fast food industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM333.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: fast food industry

Categories: Food And Beverage

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