My good friend, Michael McDougall, at EDF Man Capital Markets in NY, released a nice titbit yesterday about the US fast food industry.
He noted that “there are over 200,000 fast food stores in the US and the industry employees over 4 million people, adding 200,000 in 2015 alone. Hamburger chains dominate with a 30% market share, pizza 15%, sandwich shops 12%, Chicken 8% and Mexican food 7%” and the rest are unspecified food joints.
This prompted me to look at the South African picture, so I did a quick search and came across an interesting report by Insight Survey which spells out the current market dynamics of the South African fast-food industry.
It’s evident from the report that South Africans love their chicken. The chicken was flying high, accounting for more than a third of the total fast food market, followed by burgers, pizza and fish reeling in at fourth place.
In 2016, the number of chicken joints was 1 504. Trailing behind by just a handful of stores, burgers, were also amongst the country’s fast food favourites with 1 493 outlets. The pizza was third on the list with 999 stores. Fish are perhaps not a favourite of many, with just 376 fast food joints. Other unspecified joints totalled 410 (see featured image).
I should have warned you that reading this article might give you ideas of approaching one of these delectable fast food joints. Unfortunately, I won’t be joining you today, I packed a sandwich to work.
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