Asia Pacific Food Service Market Projected to grow at a CAGR of 5.3% (2016-2024)

Posted on 2018-09-29 by Goldstein Research in Food & Beverage // 0 Comments

New York, USA, 2018-Sep-29 — /EPR Network/ —According to Goldstein Research, Asia Pacific food service market size is expected to reach USD 1.5 trillion by 2024, from a market size of 82.4 billion in 2015, expanding during the forecast period 2016-2024 at a CAGR of 5.3%. The growing trend of mobile restaurants (for example food trucks, etc.) are one of the top contributors to the propelling growth of quick service restaurants in the current scenario. Moreover, as the government is establishing a complex regulatory landscape, the restaurant operators have shifted their focus towards the quality of food and services which is further driving the market growth.

Further, based on geography, Asia Pacific foodservice market is majorly dominated by China with a market share of 31.2% in 2016. Whereas, India is anticipated to be the fastest growing food service market, i.e. 9.0% CAGR during the forecast period.

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Market Segmentation

Asia Pacific Food Service Market can be studied under the following segments:

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

By Region

China
India
Japan
Singapore
South Korea
Thailand
Malaysia
Indonesia
Australia
New Zealand

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“Asia Pacific Food Service Market Outlook 2024” includes a comprehensive overview of the Asia Pacific foodservice market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by places type and geography.

The Asia Pacific Food Service Market Report highlights the competitive outlook of major Asia Pacific players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of the foodservice market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Major players of the Asia Pacific foodservice market analyzed in the report are: McDonald’s, Restaurant Brands International, Seven &i Holdings, Starbucks, Yum China Holdings, 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, Mad Over Donuts, Mister Donut, MOS Food Services, Mr. Lee, Speciality Restaurants, Subway, Tully’s Coffee, etc.

Further, Asia Pacific Food Service Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Food Service Market trends also comprise the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

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Market Segmentation

By Places Type

By Region

About Goldstein Research

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