Press release
Asian Food Market Anticipated to Grow at a Significant Pace by 2021
The Asian food systems market across the globe is expected to show a substantial growth with a single digit increase in CAGR by the year 2019. There is a significant increase in the consumption of Asian food in North America and Europe market as there is a high demand of spicy food with various sauces. People are more inclined towards exotic ethnic food due to superior taste and fair prices.
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The key drivers of this market include changing food habits in various region of the World. Drivers vary from region to region, however rising disposable income and growing culture of eating out have pushed the demand of Asian food in emerging countries. Western countries look for variety and novel taste and thus Quick service and full service restaurants have started including Asian food in their main stream menu. The restraining factor could be improper advertising and distribution channel as the market involves huge number of small players.
The Asian food system market can be segmented by product type as Oriental styles, Chinese, Japanese, Korean, Thai, Indonesian, and Indian. The market can also be segmented geographically into APAC, North America, Europe and RoW regions.
Some of the key players in the Asian food market are Panda Express, Pei Wei Asian Diner, Moods Hospitality Pvt Ltd., Inns’ Bruck and Eurofood group Plc.
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Key geographies evaluated in this report are:
North America
U.S
Canada
Europe
France, Germany, Italy, Spain, and the UK
Eastern Europe
CIS
APAC
China
India
Japan
Australia
Others
Latin America
Argentina
Brazil
Others
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Key features of this report
Drivers, restraints, and challenges shaping the Asian Food market dynamics
Latest innovations and key events in the industry
Analysis of business strategies of the top players
Asian Food market estimates and forecasts(2015 -2021)
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