Asia-pacific (APAC) - Food Service Market by Product and Type - Forecast and Analysis 2024-2028

Published: Dec 2023 Pages: 157 SKU: IRTNTR40970

Asia-pacific (APAC) - Food Service Market 2024-2028 

The Asia-Pacific (APAC) - food service market size is estimated to grow at a CAGR of 29.24% between 2023 and 2028. The market size is forecast to increase by USD 5,803.24 million. The growth of the market depends on several factors such as the changing lifestyles and rise in demand for convenient food, the increasing number of food service chains, and the growing popularity of mobile food service stations.

The report offers extensive research analysis on the Asia-Pacific (APAC) - Food Service Market, with a categorization based on Product, including food sales and beverage sales. It further segments the market by Type, encompassing restaurants, delivery and takeaway, fast foods, cafes and bars, and others. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments

What will be the Size of the APAC Food Service Market During the Forecast Period?

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APAC Food Service Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key APAC Food Service Market Driver

One of the key factors driving the APAC food service market growth is the growing popularity of mobile food service stations. The increasing demand for mobile food service stations is rising at a high pace in APAC. In addition, the growing urbanization, hectic lifestyle, and demand for on-the-go food are fuelling the demand for mobile food service stations. Furthermore, food trucks are a convenient and quick way for consumers to grab food without having to wait for a long time.

Moreover, it is suitable for individuals who have a job and social life to maintain at the same time. In addition, food trucks can provide a variety of cuisines, including Chinese, Indian, Italian, and Asian. Furthermore, they can also provide more than one cuisine per station. In addition, the food truck business requires less capital to start up when compared to the usual brick-and-mortar restaurants. Therefore, it is positively impacting the Asia Pacific - food service market. Hence, such factors are driving the APAC food service market growth during the forecast period.

Key APAC Food Service Market Trends

A key factor shaping the  APAC food service market growth is the growing popularity of online and mobile app-based food ordering.  There is an increasing preference for online orders as they are more efficient than telephone orders as they eliminate communication errors. In addition, online platforms are even more useful for takeaway restaurants during peak ordering hours as orders are not lost due to engaging phone lines.

Moreover, other advantages associated with these alliances are access to the feedback received from consumers on the online platforms and an increase in order values, as consumers tend to spend more when ordering online than when ordering through telephones, mainly because of attractive digital menus. In addition, many restaurants are opting for mobile app-based food ordering to enhance their customer base by directly delivering meals or creating a takeaway option for consumers. Therefore, it is positively impacting the Asia Pacific - food service market. Hence, such factors are driving the APAC food service market growth during the forecast period.

Key APAC Food Service Market  Challenge

Fluctuating raw material prices are one of the key challenges hindering the APAC food service market growth. The significant challenge faced by companies is the fluctuating prices of food commodities, such as meat, grains, sugar, and dairy products, which are vital for the preparation of food served in quick-service restaurants. In addition, during the last five years, global sugar prices have shot up considerably. Furthermore, the increase in product price affects the consumer purchase decision, which, in turn, affects the market performance of the manufacturer.

Moreover, raw materials, such as fruits, dairy products, and sugar, used in the making of smoothies, and plastic, aluminum, and paper used in the packaging of the smoothies have volatile prices based on availability. In addition, food service outlets need to increase their budget to ensure that hygiene standards are held high during cooking and the quality of food is consistent. Furthermore, health-conscious customers opt for affordable, good-quality foods. Therefore, it is negatively impacting the APAC - food service market. Hence, such factors are hindering the APAC food service market growth during the forecast period.

APAC Food Service Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

APAC Food Service Market Customer Landscape

Who are the Major APAC Food Service Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Barista India: The company offers food service such as ginger honey tea jar, 100 percent pure instant coffee jar, evening twilight beans and many more.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Coffee Day Enterprises Ltd.
  • Dominos Pizza Inc.
  • Dunkin Brands Group Inc.
  • Haldiram Foods International Pvt. Ltd.
  • House Foods Americas
  • Lotte Corp.
  • Marrybrown Sdn. Bhd.
  • MATSUYA FOODS HOLDINGS CO. LTD.
  • McDonald Corp.
  • MOS Food Services Inc.
  • Pelita Samudra Pertama M Sdn Bhd
  • Quanjude Vancouver
  • Restaurant Brands International Inc.
  • Sate Kajang Haji Samuri
  • Singapore Saizeriya Pte. Ltd.
  • The Wendys Co.
  • Wow Momo Foods Pvt. Ltd.
  • YUM Brands Inc.
  • Zensho Holdings Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the APAC Food Service Market?

The food sales segment is estimated to witness significant growth during the forecast period. In APAC, the sales of food items are slightly higher compared with other regions such as North America and Europe, which account for nearly 30% of sales. In addition, the major food service and coffee chains have added various fast foods, bakery, and breakfast items to their menu, which will further fuel the market.

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The food sales segment was the largest segment and was valued at USD 491.26 million in 2018. Moreover, some of the popular foods offered by the food service chains include cakes, pastries, doughnuts, sandwiches, burgers, and pizza. In addition, coffee shops also sell packaged foods like chocolates, nuts, and other baked items. In addition, the sale of combo food items, such as burgers plus fries, will fuel the  APAC - food service market. Furthermore, some of the companies operating in the market in focus are expanding their product offerings. For instance, in February 2023, Rebel Foods purchased the franchise agreement from Sierra Nevada to run Wendy's locations throughout India. Hence, such factors are fuelling the growth of this segment which in turn drives the APAC food service market growth during the forecast period.

Segment Overview

The APAC food service market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Outlook 
    • Food sales
    • Beverage sales
  • Type Outlook
    • Restaurants
    • Delivery and takeaway
    • Fast foods
    • Cafes and bars
    • Others

APAC Food Service Market Scope

Report Coverage

Details

Page number

157

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 29.24%

Market Growth 2024-2028

USD 5,803.24 million

Market structure

Fragmented

YoY growth 2023-2024(%)

28.77

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Barista India, Coffee Day Enterprises Ltd., Dominos Pizza Inc., Dunkin Brands Group Inc., Haldiram Foods International Pvt. Ltd., House Foods Americas, Lotte Corp., Marrybrown Sdn. Bhd., MATSUYA FOODS HOLDINGS CO. LTD., McDonald Corp., MOS Food Services Inc., Pelita Samudra Pertama M Sdn Bhd, Quanjude Vancouver, Restaurant Brands International Inc., Sate Kajang Haji Samuri, Singapore Saizeriya Pte. Ltd., The Wendys Co., Wow Momo Foods Pvt. Ltd., YUM Brands Inc., and Zensho Holdings Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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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What are the Key Data Covered in this APAC Food Service Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the APAC - food service market between 2023 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on APAC: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ million)

    4 Historic Market Size

    • 4.1 Food service market in APAC 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on food service market in APAC 2018 - 2022 ($ million)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 29: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 30: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 31: Chart on Comparison by Product
      • Exhibit 32: Data Table on Comparison by Product
    • 6.3 Food sales - Market size and forecast 2023-2028
      • Exhibit 33: Chart on Food sales - Market size and forecast 2023-2028 ($ million)
      • Exhibit 34: Data Table on Food sales - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Chart on Food sales - Year-over-year growth 2023-2028 (%)
      • Exhibit 36: Data Table on Food sales - Year-over-year growth 2023-2028 (%)
    • 6.4 Beverage sales - Market size and forecast 2023-2028
      • Exhibit 37: Chart on Beverage sales - Market size and forecast 2023-2028 ($ million)
      • Exhibit 38: Data Table on Beverage sales - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Chart on Beverage sales - Year-over-year growth 2023-2028 (%)
      • Exhibit 40: Data Table on Beverage sales - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 41: Market opportunity by Product ($ million)
      • Exhibit 42: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 44: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Restaurants - Market size and forecast 2023-2028
      • Exhibit 47: Chart on Restaurants - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Data Table on Restaurants - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Chart on Restaurants - Year-over-year growth 2023-2028 (%)
      • Exhibit 50: Data Table on Restaurants - Year-over-year growth 2023-2028 (%)
    • 7.4 Delivery and takeaway - Market size and forecast 2023-2028
      • Exhibit 51: Chart on Delivery and takeaway - Market size and forecast 2023-2028 ($ million)
      • Exhibit 52: Data Table on Delivery and takeaway - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Chart on Delivery and takeaway - Year-over-year growth 2023-2028 (%)
      • Exhibit 54: Data Table on Delivery and takeaway - Year-over-year growth 2023-2028 (%)
    • 7.5 Fast foods - Market size and forecast 2023-2028
      • Exhibit 55: Chart on Fast foods - Market size and forecast 2023-2028 ($ million)
      • Exhibit 56: Data Table on Fast foods - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Chart on Fast foods - Year-over-year growth 2023-2028 (%)
      • Exhibit 58: Data Table on Fast foods - Year-over-year growth 2023-2028 (%)
    • 7.6 Cafes and bars - Market size and forecast 2023-2028
      • Exhibit 59: Chart on Cafes and bars - Market size and forecast 2023-2028 ($ million)
      • Exhibit 60: Data Table on Cafes and bars - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Chart on Cafes and bars - Year-over-year growth 2023-2028 (%)
      • Exhibit 62: Data Table on Cafes and bars - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Type
      • Exhibit 67: Market opportunity by Type ($ million)
      • Exhibit 68: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
      • Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 72: Chart on Geographic comparison
      • Exhibit 73: Data Table on Geographic comparison
    • 9.3 China - Market size and forecast 2023-2028
      • Exhibit 74: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.4 Japan - Market size and forecast 2023-2028
      • Exhibit 78: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.5 India - Market size and forecast 2023-2028
      • Exhibit 82: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.6 South Korea - Market size and forecast 2023-2028
      • Exhibit 86: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 87: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 89: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.7 Rest of APAC - Market size and forecast 2023-2028
      • Exhibit 90: Chart on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 91: Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 93: Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)
      • Exhibit 95: Data Table on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 96: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 97: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 98: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 99: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 100: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 101: Matrix on vendor position and classification
            • 12.3 Barista India
              • Exhibit 102: Barista India - Overview
              • Exhibit 103: Barista India - Product / Service
              • Exhibit 104: Barista India - Key offerings
            • 12.4 Coffee Day Enterprises Ltd.
              • Exhibit 105: Coffee Day Enterprises Ltd. - Overview
              • Exhibit 106: Coffee Day Enterprises Ltd. - Business segments
              • Exhibit 107: Coffee Day Enterprises Ltd. - Key offerings
              • Exhibit 108: Coffee Day Enterprises Ltd. - Segment focus
            • 12.5 Dominos Pizza Inc.
              • Exhibit 109: Dominos Pizza Inc. - Overview
              • Exhibit 110: Dominos Pizza Inc. - Business segments
              • Exhibit 111: Dominos Pizza Inc. - Key news
              • Exhibit 112: Dominos Pizza Inc. - Key offerings
              • Exhibit 113: Dominos Pizza Inc. - Segment focus
            • 12.6 Dunkin Brands Group Inc.
              • Exhibit 114: Dunkin Brands Group Inc. - Overview
              • Exhibit 115: Dunkin Brands Group Inc. - Product / Service
              • Exhibit 116: Dunkin Brands Group Inc. - Key offerings
            • 12.7 Haldiram Foods International Pvt. Ltd.
              • Exhibit 117: Haldiram Foods International Pvt. Ltd. - Overview
              • Exhibit 118: Haldiram Foods International Pvt. Ltd. - Product / Service
              • Exhibit 119: Haldiram Foods International Pvt. Ltd. - Key offerings
            • 12.8 Lotte Corp.
              • Exhibit 120: Lotte Corp. - Overview
              • Exhibit 121: Lotte Corp. - Business segments
              • Exhibit 122: Lotte Corp. - Key offerings
              • Exhibit 123: Lotte Corp. - Segment focus
            • 12.9 McDonald Corp.
              • Exhibit 124: McDonald Corp. - Overview
              • Exhibit 125: McDonald Corp. - Business segments
              • Exhibit 126: McDonald Corp. - Key news
              • Exhibit 127: McDonald Corp. - Key offerings
              • Exhibit 128: McDonald Corp. - Segment focus
            • 12.10 MOS Food Services Inc.
              • Exhibit 129: MOS Food Services Inc. - Overview
              • Exhibit 130: MOS Food Services Inc. - Product / Service
              • Exhibit 131: MOS Food Services Inc. - Key offerings
            • 12.11 Quanjude Vancouver
              • Exhibit 132: Quanjude Vancouver - Overview
              • Exhibit 133: Quanjude Vancouver - Product / Service
              • Exhibit 134: Quanjude Vancouver - Key offerings
            • 12.12 Restaurant Brands International Inc.
              • Exhibit 135: Restaurant Brands International Inc. - Overview
              • Exhibit 136: Restaurant Brands International Inc. - Business segments
              • Exhibit 137: Restaurant Brands International Inc. - Key news
              • Exhibit 138: Restaurant Brands International Inc. - Key offerings
              • Exhibit 139: Restaurant Brands International Inc. - Segment focus
            • 12.13 Sate Kajang Haji Samuri
              • Exhibit 140: Sate Kajang Haji Samuri - Overview
              • Exhibit 141: Sate Kajang Haji Samuri - Product / Service
              • Exhibit 142: Sate Kajang Haji Samuri - Key offerings
            • 12.14 The Wendys Co.
              • Exhibit 143: The Wendys Co. - Overview
              • Exhibit 144: The Wendys Co. - Business segments
              • Exhibit 145: The Wendys Co. - Key offerings
              • Exhibit 146: The Wendys Co. - Segment focus
            • 12.15 Wow Momo Foods Pvt. Ltd.
              • Exhibit 147: Wow Momo Foods Pvt. Ltd. - Overview
              • Exhibit 148: Wow Momo Foods Pvt. Ltd. - Product / Service
              • Exhibit 149: Wow Momo Foods Pvt. Ltd. - Key offerings
            • 12.16 YUM Brands Inc.
              • Exhibit 150: YUM Brands Inc. - Overview
              • Exhibit 151: YUM Brands Inc. - Business segments
              • Exhibit 152: YUM Brands Inc. - Key news
              • Exhibit 153: YUM Brands Inc. - Key offerings
              • Exhibit 154: YUM Brands Inc. - Segment focus
            • 12.17 Zensho Holdings Co. Ltd.
              • Exhibit 155: Zensho Holdings Co. Ltd. - Overview
              • Exhibit 156: Zensho Holdings Co. Ltd. - Product / Service
              • Exhibit 157: Zensho Holdings Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 158: Inclusions checklist
                • Exhibit 159: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 160: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 161: Research methodology
                • Exhibit 162: Validation techniques employed for market sizing
                • Exhibit 163: Information sources
              • 13.5 List of abbreviations
                • Exhibit 164: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              food service market in apac market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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