Thailand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Thailand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“Thailand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the Thai Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The Thai foodservice profit sector decreased at a negative CAGR of 13.5% during 2016-2021. The decrease in out-of-home occasions and drop in tourist visits due to the threat from COVID-19 waves significantly impacted the recovery of the foodservice profit sector in the country. Several operators shifted towards deliveries and take-aways during 2020 and 2021 in line with consumer’s demand for convenient, contactless deliveries. With Thai government launching several schemes to encourage consumer spending and support small business which were impacted by the pandemic, the foodservice industry is projected to rebound over the forecast period.

The report includes -

• Overview of Thailand's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Thailand's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, and Coffee & Tea Shop) within Thailand's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Thai population.
• Key players: Overview of market leaders within the three major channels including business descriptions and number of outlets.

• QSR was the largest channel in the Thai foodservice profit sector by revenue, representing 32.4% of total sector revenue in 2021. The FSR is the second most prominent channel, with a market share of 17.2%. QSR’s large market share can be attributed to the rising preference for American fast-food options by young and working consumers.
• The QSR channel accounted for the highest count of outlet numbers among all channels in 2021, however declined at a negative CAGR of 0.4 % during 2016-2021. Meanwhile, the FSR channel registered outlet growth at a CAGR of 0.6% during 2016-2021.
• Delivery and take-away transactions surged in 2021 owing to the consumer fondness towards door-step deliveries. As a result, the QSR channel benefited from its pre-established food delivery services.

• Specific forecasts of the foodservice market over the next five years (2021-2026) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, and Coffee & Tea shop) will allow readers understand the wants and needs of their target demographics.