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The food service market size in APAC is expected to grow by USD 317.03 billion and record a CAGR of 5.20% during 2021-2025.
This post-pandemic food service market report of APAC has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this food service market analysis report of APAC, key drivers such as changing lifestyles and rise in demand for convenient food have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as growing preference for home-cooked food, which will impede the market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
Browse TOC and LoE with selected illustrations and example pages of Food Service Market in APAC
The food service market forecast report of APAC provides insights on complete key vendor profiles and their business strategies to re/image themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:
The food service market in APAC is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
This food service market report of APAC further entails segmentation by product (food sales and beverage sales), type (restaurants, delivery and takeaway, fast foods, cafes and bars, and others), and geography (China and Rest of APAC). View our sample report to gather market insights on the segmentations.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.
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The report offers an up-to-date analysis of the geographical composition of the market. China had the largest market share in the food service market in APAC in 2021, and the region will offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
62% of the market’s growth will originate from China during the forecast period. This report provides estimations of the contribution of all regions to the growth of the food service market size in APAC.
Foodservice market - The market share is expected to increase by USD 10.13 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 28.15%.
Australia Foodservice market - The market growth momentum will accelerate at a CAGR of 11.64% and the market share will increase to USD 30.48 billion from 2021 to 2026.
Mobile Food Services market - The market share from 2021 to 2026 is USD 7.24 billion at a progressing CAGR of 5.94%.
US Foodservice market - The market share is expected to surge to USD 269.04 billion by 2026, and the market's growth momentum will accelerate at a CAGR of 6.14%.
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Food Service Market In APAC Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
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Market growth 2021-2025 |
$ 317.03 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.80 |
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Regional analysis |
China and Rest of APAC |
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Performing market contribution |
China at 62% |
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Key consumer countries |
US and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Barista Coffee Co. Ltd., Del Taco Restaurants Inc., Dominos Pizza Inc., McDonald Corp., Papa Johns International Inc., Restaurant Brands International Inc., Seven and i Holdings Co. Ltd., Starbucks Corp., The Wendys Co., and YUM! Brands Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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