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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Asia-Pacific Food service Market Food service or catering service industry includes all firms that engage in serving meals which are prepared outside homes such as restaurants, school and hospital cafeterias, and catering outlets. Mobile food service such as food trucks industry is also growing in developing countries on the back of rising penetration of quick service restaurants. Globally, restaurant industry sales reached USD 781.2 billion in 2017, a 4.5% growth as compared to the sales of USD 766.4 billion in 2016. While restaurant operators are optimistic about the future growth and sustainability of their business, challenges related to government regulatory and rising labors costs are creating a huge pressure on the industry players. In United States, recruitment and retention of employees is becoming a major challenge for the restaurant players. However, technology implementation helps the food service industry players to grow significantly, but the process is not without barriers. High cost investment for advanced infrastructure still remains a significant challenge for the food chain operators. Goldstein Research analyst forecast that global food service industry size is expected to reach USD 1.5 trillion by 2024 out of which APAC is anticipated to hold the market share of 40% and expanding at a CAGR of 5.3% over the forecast years.
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Segmentation By Places Type
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Eating & Drinking Places • Full Service Restaurants • Quick Service Restaurants • Food Junctions • Cafeterias/buffets • Bars/ Clubs/Lounges By Managed Food Service • Industrial Premises • Commercial and Office Premises • Hospital & Nursing Homes • Educational Premises (Colleges, Universities, Schools) • In-transit Food Service (Airlines, Trains) • Sports Centers/Malls
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
Based on Geography Sample Request • North America Interactive Robots Market(U.S. & Canada) {Market Share (%), Market Size (USD Billion)} • Latin America Interactive Robots Market (Brazil, Mexico, Argentina & Rest of Latin America) {Market Share (%), Market Size (USD Billion)} • Europe Interactive Robots Market (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) {Market Share (%), Market Size (USD Billion)} • Asia-Pacific Interactive Robots Market (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Share (%), Market Size (USD Billion)} • Middle East & Africa Interactive Robots Market (GCC, South Africa, North Africa, RoMEA) {Market Share (%), Market Size (USD Billion)}
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Size and Forecast (2016-2024)
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Global food service industry size is expected to reach USD 1.5 trillion by 2024 out of which APAC is anticipated to hold the market share of 40% and expanding at a CAGR of 5.3% over the forecast years. Global restaurant industry revenue reached USD 781.2 billion in 2017 from USD 379.0 billion in 2000, almost double growth in 17 years. On the basis of places type, full service restaurants had the highest market share of 36.0% in 2017 and register the CAGR of 4.3% over the forecast period. On the other hand, the market share of quick service restaurants is growing steadily at a rate of 31.90% on the back of urbanization and hectic lifestyle of the population living in metro cities. The rising trend of mobile restaurants such as food trucks are also contributing to the positive growth of quick service restaurants. While the government is creating a complex regulatory landscape, restaurant operators are focusing more towards the quality of food and services. XX
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Scope Background Market Synopsis
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Market Segmentation Asia-Pacific Food service equipment market is segmented as follows: •
By Equipment Categories {Market Size, Demand Analysis and Growth Analysis)
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By Distribution Channel (Market Size, Demand Analysis and Growth Analysis)
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By End-User (Market Size, Demand Analysis and Growth Analysis)
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By Geography (Market Size, Demand Analysis and Growth Analysis)
By Country •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
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Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
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Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
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Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
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Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Request for TOC @ https://www.goldsteinresearch.com/toc-request/asia-pacific-apac-food-service-market-size-industry-t rends Published By: Goldstein Research
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting company and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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+1-437-886-1181 +44-203-318-6627
Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
+91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
www.goldsteinresearch.com
Published By: Goldstein Research
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Asia-Pacific Food Service Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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