Food Service Market in APAC to grow over $ 317 Billion between 2021-2025 | Technavio

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May 03, 2021, 02:30 ET

NEW YORK, May 3, 2021 /PRNewswire/ --

Technavio has been monitoring the food service market in APAC and it is poised to grow by USD 317.03 billion during 2021-2025, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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

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Frequently Asked Questions:

Based on segmentation by product, which is the leading segment in the market?
Based on the product, the market saw maximum growth in the food sales segment in 2020.
What are the major trends in the market?
The growing demand for alcoholic beverages is the major trend in the market.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of over 5% during the forecast period.
Who are the top players in the market?
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. are the major players in the market.
What are the key market drivers and challenges?
The market is driven by the increasing number of foodservice chains. However, the growing preference for home-cooked food might challenge growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. Although the increasing number of food service chains will offer immense growth opportunities, the growing preference for home-cooked food is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this food service market in APAC forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Food Service Market in APAC 2021-2025: Segmentation
Food Service Market in APAC is segmented as below:

Product

Food Sales
Beverage Sales

Type

Restaurants
Delivery And Takeaway
Fast Foods
Cafes And Bars
Others

Geography

China
Rest Of APAC

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Food Service Market in APAC 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The food service market in APAC report covers the following areas:

Food Service Market Size in APAC
Food Service Market Trends in APAC
Food Service Market Industry Analysis in APAC

This study identifies the growing demand for alcoholic beverages as one of the prime reasons driving the Food Service Market in APAC growth during the next few years.

Food Service Market in APAC 2021-2025: Key Highlights

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist food service market growth in APAC during the next five years
Estimation of the food service market size in APAC and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the food service market across China and the Rest of APAC
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

Table of Contents:

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

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Report: www.technavio.com/report/food-service-market-in-apac-industry-analysis

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