Asia-Pacific Food Service Market Is Expected To Grow At A CAGR Of 5.3% During The Forecast Period (2016-2024)

Asia-Pacific Food Service Industry Demand, Share, Size, Forecast and Insights

WireNews

WireNews

According to Goldstein Research, food service industry players are inclining towards the renovation of traditional cafeterias & lounges, eventually making them a theme based facility which attracts more customers as compared to the older ones. Further, Online portals such as UBER Eats, Zomato, Swiggy and others are helping the food service industry players to increase the number of delivery and takeaway orders. However, technology implementation helps the food service industry players to grow significantly, but the process is not without barriers. High cost investment for advanced infrastructure still remains a significant challenge for the food chain operators.

Asia-Pacific food service market outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Additionally, China dominated the Asia Pacific food service industry with the market share of 31.2% in 2016 owing to increase number of restaurants and western culture of cafeterias and lounges. Moreover, China is being the largest consumer market in 2017 and it is expected to maintain its dominance over the forecast period due to large population and consumer spending power.

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Market Segmentation

On the basis of our in-depth analysis, Asia-Pacific food service market can be segmented as follows:

By Places Type
  • Eating & Drinking Places
  • Full Service Restaurants
  • Quick Service Restaurants
  • Food Junctions
  • Cafeterias/buffets
  • Bars/ Clubs/Lounges
  • By Managed Food Service
  • Industrial Premises
  • Commercial and Office Premises
  • Hospital & Nursing Homes
  • Educational Premises (Colleges, Universities, Schools)
  • In-transit Food Service (Airlines, Trains)
  • Sports Centers/Malls
Based on Geography
  • China Food Service Market {Market Share (%), Market Size(USD Billion)}
  • India Food Service Market {Market Share (%), Market Size(USD Billion)}
  • Japan Food Service Market{Market Share (%), Market Size(USD Billion)}
  • Singapore Food Service Market{Market Share (%), Market Size(USD Billion)}
  • South Korea Food Service Market {Market Share (%), Market Size(USD Billion)}
  • Thailand Food Service Market {Market Share (%), Market Size(USD Billion)}
  • Malaysia Food Service Market {Market Share (%), Market Size(USD Billion)}
  • Indonesia Food Service Market {Market Share (%), Market Size(USD Billion)}
  • Australia Food Service Market {Market Share (%), Market Size(USD Billion)}
  • New Zealand Food Service Market {Market Share (%), Market Size(USD Billion)}
  • Rest of Asia Food Service Market {Market Share (%), Market Size(USD Billion)}

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“Asia-Pacific food service Market Outlook 2024” contains detailed overview of the Asia-Pacific food service market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by place type.

Further, for the in-depth analysis, Asia-Pacific food service Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Barista Coffee, Coffee Beanery, Coffee Day Enterprises, Dicos, Domino’s Pizza, Doutor Coffee Shop, Ediya Coffee, Gloria Jean’s Coffees, Jollibee Foods, J.CO DONUTS & COFFEE, Krispy Kreme Doughnuts. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Asia-Pacific food service market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Our analysts working on Food and  Beverages industry trends reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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