The global restaurant industry is worth $2.7 trillion and is projected to grow 6.3% this year due to more people eating out, casual dining popularity, and food delivery growth. Food delivery is one of the fastest growing sectors and expected to increase 15% in the next few years, driven by online ordering popularity. The $1.2 trillion global fast food industry is projected to grow 5% over five years, fastest in Asia Pacific, Latin America, and Eastern Europe, and be worth $1.5 trillion by 2021, creating over 900,000 jobs due to convenience and affordability.

1. Global Restaurant Industry
The global restaurant industry is worth a staggering $2.7 trillion. It’s projected to grow by
another 6.3% this year, making it one of the fastest-growing industries in the world. The
growth is due to a number of factors, including an increasing number of people who are
choosing to eat out, the increasing popularity of casual dining, and the growth of the food
delivery industry. In fact, food delivery is one of the fastest-growing sectors of the restaurant
industry, and it’s expected to grow by around 15% over the next few years. This growth is
likely to be driven by the increasing popularity of online food ordering.

2. The global fast food industry is worth $1.2 trillion and is expected to grow at a rate of 5%
over the next five years. The industry is growing fastest in Asia Pacific, Latin America and
Eastern Europe. The industry is dominated by the top five fast food chains in the world.
These are McDonalds, Subway, Burger King, Wendy’s and KFC. The top fast food chains
are expected to generate a total revenue of $1.5 trillion by 2021. The fast food industry is
also expected to create over 900,000 jobs by 2021. The fast food industry is growing rapidly
because it is a convenient and affordable way to eat.