Food Service Market in APAC to grow by USD 9.94 Billion from 2025-2029, Driven by changing lifestyles & demand for convenience, AI driving market transformation- Technavio

NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The Food service market in APAC  size is estimated to grow by USD 9.94 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 29.9%  during the forecast period. Changing lifestyles and rise in demand for convenient food is driving market growth, with a trend towards Increasing demand for gluten-free fast foods. However, fluctuating raw material prices  poses a challenge. Key market players include Barista India, Burger King Company LLC, Coffee Day Enterprises Ltd., Dominos Pizza Inc., Dunkin Brands Group Inc., Haldiram Foods International Pvt. Ltd., House Foods Americas, Lotte Corp., Marrybrown Sdn. Bhd., MATSUYA FOODS HOLDINGS CO. LTD., McDonald Corp., MOS Food Services Inc., Quanjude Vancouver, Sate Kajang Haji Samuri, Taco Bell IP Holder LLC, The Wendys Co., Wow Momo Foods Pvt. Ltd., and Zensho.

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Key Market Trends Fueling Growth

The Food Service Market in APAC is witnessing significant trends in various aspects of the industry. Operations are focusing on efficiency through centralized food service and commissary food systems. Preparing, handling, cooking, and storing food safely is a top priority with strict adherence to food safety regulations. Delivering great customer service is essential for restaurants, cafes, and bars. Business management is streamlined with software programs and technology to improve food distribution and employment opportunities. Food safety agencies and food laws ensure public health and prevent foodborne illnesses. Sustainability is a growing trend, with a focus on food technology and culinary innovation. Culinary skills, food hygiene, and customer service skills are crucial for success. Time management, critical thinking, and effective use of food service equipment like ovens, deep fryers, grills, gas ranges, industrial mixers, food processors, commercial refrigeration, and food warmers are key to running a successful food service business. 

The APAC food service market is witnessing an upward trend in the demand for gluten-free ingredients due to the increasing preference for healthier food options. Fast food companies are responding to this trend by incorporating gluten-free alternatives, such as aluminum-free baking powder, gluten-free flour, and organic baking flour, into their menus. While these ingredients come with higher manufacturing and raw material costs, their popularity among health-conscious consumers in the United States is anticipated to fuel the market's expansion. Gluten, a protein found in wheat, rye, and barley, is commonly used in the production of fast food staples like pizzas, burgers, and sandwiches. By catering to this growing demand, food service providers in APAC can differentiate themselves and tap into a profitable market niche. 

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Market Challenges

• The Food Service Market in APAC faces numerous challenges in Operations, Preparing, Handling, Cooking, Storing, and Delivering food to Consumers in Restaurants, Cafes, Bars, and other establishments. Food safety regulations are crucial, requiring strict adherence to Customer service, Business management, and Food safety agencies' guidelines. Centralized food service and Commissary food systems aim for Efficiency in Food preparation and Distribution. Employment opportunities abound for those with Culinary skills, Food hygiene, Customer service skills, Time management, and Critical thinking. Sustainability, Technology, and New business models drive Culinary innovation and Food technology. Food safety laws protect Public health from Foodborne illnesses, enforced by the Food Code. Food service Equipment like Ovens, Deep fryers, Grills, Gas ranges, Industrial mixers, Food processors, Commercial refrigeration, and Food warmers are essential. Software programs streamline Business operations.
• In the Food Service Market in APAC, vendors encounter significant challenges with the volatile pricing of essential food commodities, including meat, grains, sugar, and dairy products. Over the past five years, global sugar prices have experienced substantial increases, leading to higher production costs for quick-service restaurants. These price fluctuations impact consumer purchasing decisions, ultimately affecting market performance for manufacturers. Raw materials, such as fruits, dairy products, and sugar, used in the production of smoothies, as well as packaging materials like plastic, aluminum, and paper, have unpredictable prices due to availability. To maintain high hygiene standards and consistent food quality, food service outlets must allocate larger budgets.

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Segment Overview 

This food service market in APAC report extensively covers market segmentation by

• Product
• Food Sales
• Beverage Sales
• Type
• Delivery And Takeaway
• Restaurants
• Fast Food
• Cafes And Bars
• Others
• Geography
• APAC

1.1 Food sales-  In the APAC food service market, food sales slightly outpace beverages, accounting for approximately 30% of total sales. This trend is driven by consumers' busy lifestyles, leading them to purchase breakfast items from cafes and bars. Major food service and coffee chains in the region have responded by expanding their menus to include various fast foods, bakery items, and breakfast options. Popular food offerings include cakes, pastries, doughnuts, sandwiches, burgers, pizza, and packaged foods like chocolates and nuts. Additionally, the sale of combo food items, such as burgers with fries, is expected to drive market growth. Notable investments, such as Rebel Foods' acquisition of Sierra Nevada's Wendy's franchise agreement in India, will further fuel market expansion with plans to open 150 new offline Wendy's restaurants over the next decade.

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Research Analysis

In the Food Service Market in APAC, operations entail the intricate process of preparing, handling, cooking, and storing food for consumers in restaurants, cafes, bars, and other establishments. Efficiency is a top priority, with centralized food service and commissary food systems streamlining food preparation and distribution. Food safety regulations are strictly enforced to protect public health, with food safety agencies and food laws governing food handling, storage, and distribution. Customer service is essential for business success, with training programs focusing on providing excellent experiences. Food safety is a top concern, with the Food Code outlining guidelines for food preparation, distribution, and storage. Sustainability is also a growing trend, with a focus on reducing food waste and using eco-friendly packaging. Employment opportunities abound in the food service industry, with roles ranging from cooks and servers to food distributors and business managers. Foodborne illnesses are a constant concern, and food safety training is mandatory for all employees. Food distribution is a critical component of the food service market, with logistics and transportation companies ensuring timely and efficient delivery of ingredients and finished products. Food safety regulations and customer service are key factors in the success of these operations.

Market Research Overview

The Food Service Market in APAC is a dynamic and evolving industry that encompasses the preparation, handling, cooking, storing, and delivering of food to consumers through various channels such as restaurants, cafes, bars, and food delivery services. Operations in this sector require adherence to strict food safety regulations, ensuring efficient business management, and delivering excellent customer service. Centralized food service systems like commissary food and central kitchens are becoming increasingly popular for improving efficiency and reducing costs. Food safety agencies and food laws play a crucial role in maintaining public health and preventing foodborne illnesses. Sustainability and technology are key trends in the industry, with a focus on improving the customer experience through new business models, culinary innovation, and food technology. Employment opportunities abound in this sector, requiring a range of skills from food preparation and distribution to customer service, business management, and critical thinking. Food service equipment, including ovens, deep fryers, grills, gas ranges, industrial mixers, food processors, commercial refrigeration, and food warmers, are essential tools for efficient food preparation and delivery. Software programs and technology solutions are also transforming the industry, streamlining operations and improving time management.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Product
• Food Sales
• Beverage Sales
• Type
• Delivery And Takeaway
• Restaurants
• Fast Food
• Cafes And Bars
• Others
• Geography
• APAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
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SOURCE Technavio