Add 2 More Reports For 20% off

Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Asia Pacific Food Service Market Size

The Asia Pacific food service market reached USD 406.30 billion in 2023. The market is projected to grow at a CAGR of 15.7% between 2024 and 2032, reaching almost USD 1,509.55 billion by 2032.

Asia Pacific Food Service Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 406.30
Market Size 2032 USD Billion 1,509.55
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 15.7%
CAGR 2024-2032 - Market by Country China 20.3%
CAGR 2024-2032 - Market by Restaurants Fast Food Restaurants 17.9%
CAGR 2024-2032 - Market by Systems Centralised Foodservice System 17.3%
Market Share by Country 2023 Japan XX%

Asia Pacific Food Service Market Outlook

  • In March 2023, food service sales in Japan surged by 18.8% y-o-y.
  • Fast food restaurant chains are expected to remain popular outlets among the Gen Z population.
  • Organised food service sector in India presents an opportunity worth USD $33 billion for companies.

Asia Pacific Food Service Market Growth

China is home to one of the world’s leading food service markets and is projected to grow at a CAGR of 20.3% during the forecast period of 2024-2032, This is being driven by the increasing demand for Latin American cuisines and the rising preference for innovative culinary experiences.

Meanwhile, the market in India is estimated to grow at a CAGR of 17.3% between 2024 and 2032. Between 2020 and 2022, annual spending by Indian middle-class households on fast food restaurants recorded a growth of 108% in India, reaching 5,400 rupees from 2,500 rupees.

The organised sector of the India market for foodservice constitutes over 45% of the domestic market share, with quick service restaurants and casual diners constituting a 70% share, due to their huge popularity among consumers. An increase in dine-out frequency is a key market driver, coupled with the rise of small independent restaurants which provide diverse food options with an exciting combination of ingredients and flavours. Enhanced accessibility to retail space is enabling commercial food companies to introduce innovative food offerings in distinct formats, thereby contributing to the market growth.

The increasing proportion of elderly people in countries like Japan, China, and South Korea, among others, is expected to prompt restaurants to incorporate senior citizen-friendly food items in their menus, which have low sodium content, are nutrient-rich, and can be easily digested. Moreover, the influx of consumers at drinking establishments and pubs has surged significantly, which is creating a bright market outlook.

Asia Pacific Food Service Market

Asia Pacific Food Service Industry Segmentation

Asia Pacific Food Service Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Sector

  • Commercial
  • Non-Commercial

Market Breakup by Systems

  • Conventional Foodservice System
  • Centralised Foodservice System
  • Ready Prepared Foodservice System
  • Assembly-Serve Foodservice System
CAGR 2024-2032 - Market by Systems
Centralised Foodservice System 17.3%
Conventional Foodservice System XX%
Ready Prepared Foodservice System XX%
Assembly-Serve Foodservice System XX%

Market Breakup by Restaurants

  • Fast Food Restaurants
  • Full-Service Restaurants
  • Limited-Service Restaurants
  • Special Food Services Restaurants
CAGR 2024-2032 - Market by Restaurants
Fast Food Restaurants 17.9%
Full-Service Restaurants XX%
Limited-Service Restaurants XX%
Special Food Services Restaurants XX%

Market Breakup by Country

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
CAGR 2024-2032 - Market by Country
China 20.3%
India 17.3%
Japan XX%
ASEAN XX%
Others XX%
Australia XX%

Asia Pacific Food Service Market Share

Based on systems, the market is divided into conventional foodservice system, centralised foodservice system, ready prepared foodservice system, and assembly-serve foodservice system. Over the forecast period, assembly-serve foodservice systems are expected to emerge as one of the leading market segments, as they serve as an effective solution for minimising labour requirements and increasing service time for customers.

Meanwhile, centralised foodservice systems are expected to witness rapid growth during the forecast period, growing at a CAGR of 17.3% between 2024 and 2032. This can be attributed to reduced labour costs and improved efficiency offered by such systems.

Leading Companies in the Asia Pacific Food Service Market

Cloud kitchens are expected to become the latest model of operating business in the market as they enable restaurants to prepare and deliver food items with minimal overhead to consumers.

  • McDonald’s Corporation
  • Domino’s Pizza Inc.
  • Yum! Brands, Inc.
  • Burger King Corporation
  • DD IP Holder LLC (Golden Donuts Inc)
  • Tim Hortons Restaurants International GmbH
  • J.CO Donuts & Coffee’s
  • Nando’s
  • Subway IP LLC
  • Starbucks Corporation
  • Others

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Sector
  • Systems
  • Restaurants
  • Region
Breakup by Sector
  • Commercial
  • Non-Commercial
Breakup by Systems
  • Conventional Foodservice System
  • Centralised Foodservice System
  • Ready Prepared Foodservice System
  • Assembly-Serve Foodservice System
Breakup by Restaurants
  • Fast Food Restaurants
  • Full-Service Restaurants
  • Limited-Service Restaurants
  • Special Food Services Restaurants
Breakup by Region
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • McDonald’s Corporation
  • Domino’s Pizza Inc.
  • Yum! Brands, Inc.
  • Burger King Corporation
  • DD IP Holder LLC (Golden Donuts Inc)
  • Tim Hortons Restaurants International GmbH
  • J.CO Donuts & Coffee’s
  • Nando’s
  • Subway IP LLC
  • Starbucks Corporation
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

The market was valued at nearly USD 406.30 billion in 2023.

The market is projected to grow at a CAGR of 15.7% between 2024 and 2032.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 1,509.55 billion in 2032.

The major sectors in the market include commercial and non-commercial.

The different systems in the market include conventional foodservice system, centralised foodservice system, ready prepared foodservice system, and assembly-serve foodservice system.

The different restaurants considered in the market report include fast food restaurants, full-service restaurants, limited-service restaurants, and special food services restaurants.

The different countries covered in the market report are China, Japan, India, ASEAN, and Australia, among others.

The key market players are McDonald’s Corporation, Domino’s Pizza Inc., Yum! Brands, Inc., Burger King Corporation, DD IP Holder LLC (Golden Donuts Inc), Tim Hortons Restaurants International GmbH, J.CO Donuts & Coffee’s, Nando’s, Subway IP LLC, and Starbucks Corporation, among others.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124