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Pulished Date April, 2021
ID: 9546
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Asia Pacific Food Service Market by Place Type (Full Service Restaurants, Quick Service Restaurants, Food Junctions Cafeterias/buffets, Bars and Managed Food Service), end-user (Industrial Premises, Commercial and Office Premises, Hospital & Nursing Homes, Educational Premises, In-transit Food Service, and Sports Centers/Malls), Analysis and Forecast 2021 – 2026

Pulished: April, 2021
ID: 9546
Pages: 120

Market Overview:

The Asia Pacific Food Service Market is anticipated to develop a stunning growth rate of 31.2% throughout the forecast period (2021-2026).

The restaurant or food service industry includes all companies that offer meals prepared outside the home, such as restaurants, cafes, and other food outlets. Mobile food services, such as the food truck industry, are also expanding in developing countries due to the increasing penetration of fast food restaurants. While restaurant owners are optimistic about The Future growth and sustainability of their businesses, challenges related to government regulations and rising labor costs are creating enormous pressure on industry players. In the United States, hiring and retaining employees is becoming a major problem for gamers in the restaurant industry. However, the implementation of the technology helps the actors of the food service industry to develop considerably, but the process is not without obstacles. High cost investment in advanced infrastructure remains a major challenge for food chain operators. With the increasing number of fast food chains, organized food unions and food outlets, the pressure on the hotel industry has increased due to quality and service.

Recent Developments 

In December 2019, Performance Food Group Co. (P.F.G.) has declared the purchase of Reinhart Foodservice, L.L.C, with approximately $ 30 billion in annual net revenue. 

In January 2020, Imperial Dade, a leading distributor of disposable catering supplies, confirmed the purchase of Wagner Supply Company. The acquisition strengthens Imperial Dade's presence in Texas while enhancing the company's differentiated value proposition for customers in the region. 

In March 2020, US foods, the broadband distributor in Illinois announced a deal to purchase Smart Foodservice Warehouse Stores, which operates 70 small cash and transportation stores in many states. 

In March 2020, NEOGEN Corporation announced that it has acquired the assets of Chilean company Magiar Chilena, a distributor of diagnostic products for food, animals and plants, including NEOGEN products. 

Market Drivers and Restraints:

The growing number of cafes serving alcohol and groceries is gaining ground among young people for parties and gatherings. Players in the restaurant industry are inclined to renovate traditional cafes and lounges, which will eventually make it a themed facility that attracts more customers compared to older ones. Besides, several restaurant and food chain operators are improving their presence on digital platforms to extend their reach and improve revenue. Online portals like UBER Eats, Zomato, Swiggy and others are helping players in the restaurant industry increase the number of delivery orders and takeaways. According to the survey analysis, in urban areas, 52.2% of consumers prefer to receive home food delivery through online ordering. Improving connectivity services and smartphone penetration in major economies is one of the key things driving consumers to order food and drink online. Today, consumers are overwhelmed by the limitations of their lifestyle and have little time to prepare food, so they look for practical food. Fast-service restaurants offer the convenience and food of your choice right at your doorstep. The fluctuation in the prices of raw materials such as meat, cereals, sugar and dairy products is one of the main challenges for those involved in catering. On the other hand, new entrants to the market are competing fiercely with existing players thanks to improved business models and innovative food menus. New players are focusing on digital channels to reach consumers and are primarily focused on branding. Federal authorities are also adjusting their regulatory landscape to ensure the quality of food and services provided by restaurateurs.

Market Segmentation:

The Asia-pacific Food Service Market segmentation has been categorized by Place Type into Full Service Restaurants, Quick Service Restaurants, Food Junctions Cafeterias/buffets, Bars and Managed Food Service. By end-user the market is separated into Industrial Premises, Commercial and Office Premises, Hospital & Nursing Homes, Educational Premises (Colleges, Universities, Schools), In-transit Food Service (Airlines, Trains), and Sports Centers/Malls.

Based on the place type, full-service restaurants accounted for the most substantial share of 36.0% in 2017, and are likely to record a CAGR of 4.3% during the forecast period. In contrast, the market share of fast food restaurants is continually growing increasing at a rate of 31.90% due to urbanization and the hectic lifestyle of the population living in metropolitan areas. The upward trend in mobile restaurants, such as food trucks, is also contributing to the positive growth of fast-service restaurants. Several players in the food service industry are focusing on digital media marketing and other innovative tactics to put exceptional quality in the spotlight.

Regional Analysis:

The market for Asia-pacific Food Service has been categorized on the basis of geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. China dominated the food service market in Asia-Pacific with a share of 31.2% in 2016 due to the increase in the number of restaurants and the western culture of cafes and salons. Also, China is the most substantial consumer in 2017 and is determined to continue its maintenance over the calculated period due to the large population and the purchasing power of consumers. Leisure travel activities in China are growing considerably, leading to the expansion of the hotel industry. Singapore is constantly growing with a 23.1% market share due to rising personal disposable income and lifestyle changes. On the other hand, India is the most opportunistic market with a compound annual rate of 9.0% with the rise in catering applications like Swiggy, Zomato, etc. Recently, Swiggy has added nearly 5,000 restaurants with an estimated time of 30 minutes for delivery.

Key Players

Other important suppliers in the market are: Café Barista, Coffee Beanery, Coffee Day Enterprises, Tacos, Domino's Pizza, Doutor Coffee Shop, Ediya Coffee, Gloria Jean's Cafees, Jollibee Foods, J.CO DONUTS & CAFFEE, Krispy Kreme Donuts, Mad over Donuts, Monsieur Donut, MOS Food Services, M. Lee, specialty restaurants, Subway and Tully's Coffee

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Food Service Market, By Place Type                

                                6.1.1 Full Service Restaurants    

                                6.1.2 Quick Service Restaurants

                                6.1.3 Food Junctions Cafeterias/Buffets

                                6.1.4 Bars            

                                6.1.5 Managed Food Service      

                                6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Food Service Market, By End-User                   

                                6.2.1 Industrial Premises              

                                6.2.2 Commercial and Office Premises   

                                6.2.3 Hospital & Nursing Homes

                                6.2.4 Educational Premises         

                                6.2.5 In-transit Food Service       

                                6.2.6 Sports Centers/Malls          

                                6.2.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.8 Y-o-Y Growth Rate Analysis             

                                6.2.9 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 Asia Pacific                  

                                7.2.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.2.2 By Place Type         

                                7.2.3 By End-User           

8. Key Player Analysis                                    

                8.1 KFC                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 McDonald's                

                8.3 Pizza Hut                      

                8.4 Burger King                 

                8.5 Electrolux                    

                8.6 Hoshizaki Electric Co               

                8.7 Starbucks Corp                          

                8.8 Yum! Brands Inc                       

                8.9 Dunkin 'Donuts                         

                8.10 Papa John's                              

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Type, Application, and Source along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Food Service Market By Place Type, From 2021-2026 ( USD Billion )
  2. Asia Pacific Full Service Restaurants Market By Region, From 2021-2026 ( USD Billion )
  3. Asia Pacific Quick Service Restaurants Market By Region, From 2021-2026 ( USD Billion )
  4. Asia Pacific Food Junctions Cafeterias/Buffets Market By Region, From 2021-2026 ( USD Billion )
  5. Asia Pacific Bars Market By Region, From 2021-2026 ( USD Billion )
  6. Asia Pacific Managed Food Service Market By Region, From 2021-2026 ( USD Billion )
  7. Asia Pacific Food Service Market By End-User, From 2021-2026 ( USD Billion )
  8. Asia Pacific Industrial Premises Market By Region, From 2021-2026 ( USD Billion )
  9. Asia Pacific Commercial and Office Premises Market By Region, From 2021-2026 ( USD Billion )
  10. Asia Pacific Hospital & Nursing Homes Market By Region, From 2021-2026 ( USD Billion )
  11. Asia Pacific Educational Premises Market By Region, From 2021-2026 ( USD Billion )
  12. Asia Pacific In-transit Food Service Market By Region, From 2021-2026 ( USD Billion )
  13. Asia Pacific Sports Centers/Malls Market By Region, From 2021-2026 ( USD Billion )
  14. Japan Food Service Market By Place Type, From 2021-2026 ( USD Billion )
  15. Japan Food Service Market By End-User, From 2021-2026 ( USD Billion )
  16. China Food Service Market By Place Type, From 2021-2026 ( USD Billion )
  17. China Food Service Market By End-User, From 2021-2026 ( USD Billion )
  18. India Food Service Market By Place Type, From 2021-2026 ( USD Billion )
  19. India Food Service Market By End-User, From 2021-2026 ( USD Billion )
  20. Australia Food Service Market By Place Type, From 2021-2026 ( USD Billion )
  21. Australia Food Service Market By End-User, From 2021-2026 ( USD Billion )
  22. South Korea Food Service Market By Place Type, From 2021-2026 ( USD Billion )
  23. South Korea Food Service Market By End-User, From 2021-2026 ( USD Billion )

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