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Food Service Market in APAC by Product, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40970
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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.

What will the Food Service Market Size in APAC be in 2021?

Food-Service-Market-In-APAC-Market-Size-2020-2025

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Who are the Key Vendors in the 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 reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • 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.
  • YUM! Brands Inc.

 

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.

 

Which are the Key Regional Markets for Food Service Market in APAC?

Food-Service-Market-In-APAC-Market-Share-by-Region-2020-2025

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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.

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What are the Key Factors Covered in this Food Service Market Report of APAC?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive food service market growth in APAC during the next five years
  • Precise estimation of the foodservice market size in APAC and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the food service industry across China and the rest of APAC
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of food service market vendors in APAC

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Food Service Market In APAC Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 317.03 billion

Market structure

Fragmented

YoY growth (%)

3.80

Regional analysis

China and Rest of APAC

Performing market contribution

China at 62%

Key consumer countries

US and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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.

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,

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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Food sales - Market size and forecast 2020-2025
    • Beverage sales - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Restaurants - Market size and forecast 2020-2025
    • Delivery and takeaway - Market size and forecast 2020-2025
    • Fast foods - Market size and forecast 2020-2025
    • Cafes and bars - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • China - Market size and forecast 2020-2025
      • Rest of APAC - Market size and forecast 2020-2025
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.
      • YUM! Brands Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      The food service market market growth will increase by $344.23 billion during 2019-2024.
      The food service market market is expected to grow at a CAGR of 5.37% during 2019-2024.
      Technavio has segmented the food service market market by product (Food sales and Beverage sales) ,application (Core banking software, Asset and wealth management software, and Other banking software) , and geographic (China and Rest of APAC).
      Barista Coffee Co. Ltd., Del Taco Restaurants Inc., Restaurant Brands International Inc., Seven & i Holdings Co. Ltd., Starbucks Corp., Yum! Brands Inc. are a few of the key vendors in the food service market market.
      China will register the highest growth rate of 63.71% among the other regions. Therefore, the food service market market in China is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the food service market market growth are:
      • Changing lifestyles and rise in demand for convenient food
      • Growing focus on recycling plastic by manufacturing companies
      The food service market market vendors should focus on grabbing business opportunities from the food sales segment as it accounted for the largest market share in the base year.
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