Food Service Market In APAC 2024-2028
The food service market in APAC is forecasted to grow by USD 5803.24 mn during 2023-2028, accelerating at a CAGR of 29.24% during the forecast period. The report on the food service market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by changing lifestyles and a rise in demand for convenient food, an increasing number of food service chains, and the growing popularity of mobile food service stations.
Technavio's food service market in APAC is segmented as below:
By Product
By Type
- Restaurants
- Delivery and takeaway
- Fast foods
- Cafes and bars
- Others
This study identifies the increasing demand for gluten-free fast foods as one of the prime reasons driving the food service market in APAC growth during the next few years. Also, growing popularity of online and mobile app-based food ordering and growing innovation in packaging for takeaway food will lead to sizable demand in the market.
The report on the food service market in APAC covers the following areas:
- Food service market in APAC sizing
- Food service market in APAC forecast
- Food service market in APAC industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food service market in APAC vendors that include Barista India, Coffee Day Enterprises Ltd., Dominos Pizza Inc., Dunkin Brands Group Inc., Haldiram Foods International Pvt. Ltd., House Foods Americas, Lotte Corp., Marrybrown Sdn. Bhd., MATSUYA FOODS HOLDINGS CO. LTD., McDonald Corp., MOS Food Services Inc., Pelita Samudra Pertama M Sdn Bhd, Quanjude Vancouver, Restaurant Brands International Inc., Sate Kajang Haji Samuri, Singapore Saizeriya Pte. Ltd., The Wendys Co., Wow Momo Foods Pvt. Ltd., YUM Brands Inc., and Zensho Holdings Co. Ltd.. Also, the food service market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.