Fast food franchise market is projected to 7% of CAGR by 2022

Fast food franchise market is expanding exceptionally in recent time and is subjected to become a mega industry in years to come. There is lot of business opportunities to be generated to the fast food segment. The industry is estimated to reach 800, 000 million by 2022. These are approximate figures calculated on the basis of various survey reports released by famous business analyst firms. Food experts claimed that fast food items are reasons for several bodily disturbances such as obesity and other diseases.  People are concern for their health; desire to eat healthy food items figured as major restraint in fast food market growth. Due to health concern people are shifting to fast causal food. In order to replicate past success food industry operators realized consumer demand, made certain changes to produced fresh and quality food items. 
Global fast food industry was valued at US dollar 500 billion in 2015 and is estimated to cross US dollar 700 billion by 2020 with a 5 per cent annual growth rate. Variety of fast food including golgappa, Dahi puri, burger and pizzas are popular among large number population as these food items are good in taste, easily available and low price. Fast food is emerged as staple food in countries like India, America, China, UAE and Brazil. The fast food market around globe is collectively driven by multinational as well as local operators. New products are extensively launched regularly to attract consumers and to fulfil their desire to experience unique products. The exceeding demand for fast food is fuelled by modern lifestyle of people coupled with growing globalization. North America, Asia and Europe are major markets where you can easily find famous operators. In addition, local vendors in these regions are not lagging behind they also offer high quality products to develop a competitive environment.