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Report Overview

The Asia Pacific food service market reached USD 406.30 Billion in 2024. The market is projected to grow at a CAGR of 15.70% between 2025 and 2034, reaching almost USD 1746.55 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • 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.

Compound Annual Growth Rate

Value in USD Billion

15.7%

2025-2034


Asia Pacific Food Service Market Outlook

*this image is indicative*

Asia Pacific Food Service Market Report Summary Description Value
Base Year USD Billion 2024
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 406.30
Market Size 2034 USD Billion 1746.55
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 15.70%
CAGR 2025-2034 - Market by Country China 20.3%
CAGR 2025-2034 - Market by Restaurants Fast Food Restaurants 17.9%
CAGR 2025-2034 - Market by Systems Centralised Foodservice System 17.3%
Market Share by Country 2024 Japan XX%

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 2025-2034, 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 2025 and 2034. 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 Industry Segmentation

Asia Pacific Food Service Market Report and Forecast 2025-2034 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

Market Breakup by Restaurants

  • Fast Food Restaurants
  • Full-Service Restaurants
  • Limited-Service Restaurants
  • Special Food Services Restaurants

Market Breakup by Country

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

CAGR 2025-2034 - Market by Systems
Centralised Foodservice System 17.3%
Conventional Foodservice System XX%
Ready Prepared Foodservice System XX%
Assembly-Serve Foodservice System XX%
CAGR 2025-2034 - Market by Restaurants
Fast Food Restaurants 17.9%
Full-Service Restaurants XX%
Limited-Service Restaurants XX%
Special Food Services Restaurants XX%
CAGR 2025-2034 - 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 2025 and 2034. 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

*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.*

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Key Questions Answered in the Report

The market was valued at nearly USD 406.30 Billion in 2024.

The market is projected to grow at a CAGR of 15.70% between 2025 and 2034.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 1746.55 Billion in 2034.

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.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
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

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