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Article: Fast Food Remains Recession Proof in US.
- Article from:
- M2 Presswire
- Article date:
- May 5, 2009
CopyrightCOPYRIGHT 2009 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-5 May 2009-RNCOS: Fast Food Remains Recession Proof in US(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:05052009
According to our new research report "US Fast Food Market Outlook 2010", consumer expenditure on fast food rose sharply in past few years, accounting for around 30% of total restaurant industry sales in 2008. With the busy life style, cost advantage and increasing demand of convenience food, the total fast food industry in the US is expected to grow at a CAGR of nearly 5% till 2010.
As per our research, consumers in the US spend nearly half of their food budget on restaurants, which creates huge opportunity for the industry. ...