Published on 11 Mar 2024 on Insider Monkey via Yahoo Finance
30 US Cities with the Highest Fast-Food Consumption
In this article, we discuss the 30 US Cities with the Highest Fast-Food Consumption. If you want to read about some more US Cities with the Highest Fast-Food Consumption, go directly to 5 US Cities with the Highest Fast-Food Consumption.
According to findings from Precedence Research, the global fast-food industry was valued at approximately $700 billion in 2022. Projections suggest that the sector is set to maintain steady growth at a compound annual growth rate (CAGR) of 3.70% from 2023 to 2032, potentially reaching a valuation of $1 trillion by the conclusion of the forecasted period. Additionally, the global fast-food restaurant industry achieved a figure of $978.4 billion in 2023.
The expansion of globalized distribution networks has facilitated the establishment of fast-food franchises in foreign countries. Through this process, these companies adapt and innovate their product offerings to cater to diverse markets, expanding their customer outreach.