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

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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Our analysts working on food & beverages industry research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the 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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