Food Service Market in APAC 2017-2021
Technavio Announces the Publication of its Research Report Food Service Market in APAC 2017-2021
Technavio recognizes the following companies as the key players in the food service market in APAC: McDonalds, Restaurant Brands International, Seven & i Holdings, Starbucks, and Yum China Holdings
Other Prominent Vendors in the market are: Barista Coffee, Coffee Beanery, Coffee Day Enterprises, Dicos, Dominos Pizza, Doutor Coffee Shop, Ediya Coffee, Gloria Jeans Coffees, Jollibee Foods, J.CO DONUTS & COFFEE, Krispy Kreme Doughnuts, Mad Over Donuts, Mister Donut, MOS Food Services, Mr. Lee, Speciality Restaurants, Subway, Tullys Coffee, and Yum! Brands.
Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is Rising popularity of cafés. Millennials tend to socialize with their friends, especially in cafés. This trend has led to an increase in the number of specialty coffee shops and cafés. Thereby, strengthening the foodservice market. The increasing disposable incomes in emerging Asian, Eastern European, and Latin American economies and the growing café culture are the main factors boosting the popularity of alcoholic and non-alcoholic beverages like coffee and craft beers among the millennials.
According to the report, one of the major drivers for this market is Changing lifestyles and rise in demand for convenient food. Consumers these days are overwhelmed by their lifestyle obligations and have limited time to prepare food. They are, therefore, on the lookout for convenient food. Quick service restaurants provide household consumers and working population with convenience and food of their choice at their doorstep.
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Further, the report states that one of the major factors hindering the growth of this market is Fluctuating raw material prices. The major challenge faced by vendors is the fluctuating prices of food commodities, such as meat, grains, sugar, and dairy products, which are vital for the preparation of food served in the quick service restaurants. During the last quarter of 2015, the global sugar prices shot up considerably. The increase in product price affects the consumer purchase decision, which, in turn, affects the market performance of the manufacturer. Raw materials, such as fruits, dairy products, and sugar, used in the making of smoothies, and plastic, aluminum, and paper used in the packaging of the smoothies have volatile prices based on availability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Food Service
Foodservice refers to the sale of food and beverages that is prepared out-of-home for immediate consumption either on the premises from where they are purchased or for takeaway and home delivery. The foodservice industry offers its services to cafeterias, hospitals, cafés, pubs, nightclubs, bars, and hotels. Foodservice outlets are one-stop shop for household consumers that deliver foods of consumers' choice right at their doorstep. The working population, being time-pressed to prepare food, demands foods that are ready-to-eat or take very little effort to dish out. This has led to the adoption of a variety of food products from foodservice providers. Furthermore, trends like self-service, family oriented dining, and cafeteria are on the rise.
Technavios analysts forecast the food service market in APAC to grow at a CAGR of 4.98% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the food service market in APAC for 2017-2021. To calculate the market size, the report considers the sales, volume, and value.
The market is divided into the following segments based on geography:
Technavio's report, Food Service Market in APAC 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Restaurant Brands International
Seven & i Holdings
Yum China Holdings
Other prominent vendors
Coffee Day Enterprises
Doutor Coffee Shop
Gloria Jeans Coffees
J.CO DONUTS & COFFEE
Krispy Kreme Doughnuts
Mad Over Donuts
MOS Food Services
Changing lifestyles and rise in demand for convenient food
For a full, detailed list, view our report
Fluctuating raw material prices
For a full, detailed list, view our report
Rising popularity of cafés
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Report Details @ https://marketreportscenter.com/reports/562178/food-service-market-in-apac-2017-2021
The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Key Topics Covered in the Report:
Comprehensive overview of parent market with market definition, classification
Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
Value Chain Analysis, Strategic insights, and market estimations
Technology, trends, developments, and changing market dynamics of the Cannabis Testing industry
Facts, stats, historical data, market size forecast regarding volume and value
Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
Insights on prospective opportunities and challenges, success and risk
The report brings to your attention analysis of the Food Service market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
The research report takes different facets into consideration to scrutinize the Food Service industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
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