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March 5, 2021
By 2024, the global fast-food market will have grown by $75.85 billion, but that growth will be slow when compared to 2019, according to the research company, Technavio.
In the wake of the pandemic, the company said many fast food businesses will go through three stages response, recovery and renewal with many already having deployed restaurant technologies to flatten their recessionary curves. Technavio advised that businesses work to build resilience and agility in order to come out from the pandemic s negative effects.
To form its fast food market forecast, Technavio analyzed everything from the impact of lockdowns and supply chain disruptions to an array of business scenario possibilities. From the company s analysis, it identified three major fast-food market participants, including:
Technavio Research: Quick Service Restaurants Market 2020-2024- Featuring Chick-fil-A Inc., Inspire Brands Inc., Restaurant Brands International Inc., Among Others to Contribute to the Market Growth | Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201218005670/en/
Technavio has announced its latest market research report titled Global Quick Service Restaurants Market 2020-2024 (Graphic: Business Wire).
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