Thailand Foodservice Market - Forecast(2024 - 2030)
Thailand Foodservice Market Overview
Thailand Foodservice Market size is
projected to reach $672 million by 2026, growing at a CAGR of 4.2% during the
forecast period 2021-2026. Foodservice refers to the catering services that
serve food to the customers outside their homes. It includes various services,
such as
full-service restaurants, cafes/bars, self service restaurants, street stalls,
takeaway outlets, ghost kitchens, and others. Quick service
restaurants are increasingly being adopted by the working population in the
country owing to their busy lifestyles and the rise in the inclination towards
convenience foods. The rise in the adoption of chained
self-service restaurants on highways, increase in the availability of luxurious
full-service restaurants in the country, rise in the implementation of various
marketing methods to attract young customers, growing investment by the key
players to expand their presence in the country, and the rise in the adoption
of ghost kitchen among the young customers are the factors that are set to
drive the growth of the Thailand Foodservice Market for the period 2021-2026.
Thailand Foodservice Market Report Coverage
The report: “Thailand
Foodservice Market Forecast (2021-2026)”, by Industry ARC, covers an
in-depth analysis of the following segments of the Thailand Foodservice Market.
By
Type: Full-Service Restaurants,
Cafes/Bars, Self Service Restaurants, Street Stalls, Takeaway Outlets,
Ghost Kitchen, and Others.
By
Structure Type: Chained Outlets and Independent
Outlets.
Key Takeaways
- The growing demand for chained outlets in shopping centers and heavily populated areas in the country is driving the Chained Outlets segment. However, the emergence of the COVID-19 pandemic is one of the major factors that is said to reduce the growth of the Thailand Foodservice Market.
- The rise in the investments by the key players to develop full-service restaurants based on the requirements of the consumers and the growing demand for luxurious full-service restaurants in the country are the major factors driving the Full-Service Restaurants segment.
- Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Thailand Foodservice Market report.
Thailand Foodservice Market Size, By Type, 2020-2026 (USD Million)
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Thailand Foodservice Market Segment Analysis-By Type
The Thailand Foodservice Market based on the Type can be further segmented into Full-Service Restaurants, Cafes/Bars, Self Service Restaurants, Street Stalls, Takeaway Outlets, Ghost Kitchen, and Others. The Full-Service Restaurants segment held the largest share in 2020 owing to the factors such as the increase in the availability of luxurious full-service restaurants in the country and the growing advertising campaigns by the key players to attract the young population in the country. The rise in the investments by the key players to develop full-service restaurants based on the requirements of the consumers is driving the growth of the Thailand Foodservice Market. The Takeaway Outlets segment is estimated to be the fastest-growing segment with a CAGR of 4.5% over the period 2021-2026. This growth is owing to the factors such as the growing expansion of takeaway outlets in the country and the rise in the demand for a wide range of food options to choose from when ordering among the young population.
Thailand Foodservice Market Segment Analysis-By Structure Type
The Thailand Foodservice Market based on the Structure Type can be
further segmented into Chained Outlets and Independent
Outlets. The Chained Outlets segment held the
largest share in 2020 owing to the factors such as the rise in the availability
of chained self service restaurants and street stalls and an increase in the
demand for chained outlets in shopping centers and heavily populated areas. The
rise in the demand for chained outlets on highways is driving the growth of the
Thailand Foodservice Market. The Independent Outlets segment is estimated to be the fastest-growing segment with a CAGR
of 4.7% over the period 2021-2026. This growth is owing to the factors such as
the growing investment by the key players to launch independent outlets in the
country and the rise in the disposable income of the young population in the country.
Thailand Foodservice Market Drivers
The Rise in the Adoption of Ghost Kitchen
The young consumers in the country are increasingly shifting towards ghost kitchens for their convenience foods as it provides flexibility for customers by giving them control over exactly what they're eating and the arrival time. Ghost kitchen also eliminates the logistics of cooking for both in-house and takeaway outlets choice for the consumers, which is further propelling the growth of the Thailand Foodservice Market.
Increase in the Demand for Quick Service Restaurants
The working population in the country is increasingly shifting
towards quick service restaurants owing to their busy lifestyles and the rise
in the inclination towards convenience foods. Quick service restaurants are
also attracting customers by launching food products based on their
preferences, which is one of the major factors driving the growth of the
Thailand Foodservice Market.
Thailand Foodservice Market Challenges
The Emergence of the COVID-19 Pandemic
The COVID-19 pandemic has negatively impacted the manufacturing
supply chain, restaurant business, and food distribution businesses in Thailand.
The lockdown in the country has stopped workers from operating in takeaway
outlets, full-service restaurants, and self service restaurants and had a
significant effect on the supply chain, which is one of the major factors that
is estimated to reduce the growth of the Thailand Foodservice Market.
Thailand Foodservice Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and
geographical expansions are key strategies adopted by players in the Thailand
Foodservice Market. Key companies of this market are Starbucks Corporation, McDonald's
Corporation, Yum Brands Inc, Domino’s Pizza, Minor International Public Company
Limited, Seven & I Holdings Co. Ltd, Central Restaurants Group Co. Ltd, MK
Inter Food Co. Ltd, Thai Beverage PLC, and ZEN Corporation Group Public Company
Limited among others.
Expansions/Product Launches:
- In February 2021, Starbucks Corporation has launched its largest store in Thailand with Starbucks Reserve® Chao Phraya Riverfront to accelerate the growth across one of Southeast Asia’s dynamic markets and to make the customers explore different flavors and high-quality varieties.
- In October 2019, McDonald's Corporation has launched its digital foodservice application in Thailand to meet the competition in fast food and online delivery and to enhance customer experience by bringing new technologies to deliver the best service that meets the individual customer's needs.
- In January 2019, Yum Brands Inc-owned Taco Bell Corporation has expanded its services by launching a new restaurant in Thailand to offer quality Taco Bell menu items alongside Thai-inspired creations to customers in the country.
Relevant
Links:
France
Food Service Market - Forecast (2021 - 2026)
Report Code: FBR 0513
Food
Service Equipment Market - Forecast 2021 - 2026
Report Code: FBR 37064
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2023-2030 ($M)1.1 By Sector Type Market 2023-2030 ($M) - Global Industry Research
1.1.1 Full Service Restaurants Market 2023-2030 ($M)
1.1.2 Cafes/Bars Market 2023-2030 ($M)
1.1.3 Street Stalls/Kiosks Market 2023-2030 ($M)
1.1.4 Quick Service Restaurants Market 2023-2030 ($M)
1.2 By Structure Market 2023-2030 ($M) - Global Industry Research
1.2.1 Chained Outlets Market 2023-2030 ($M)
1.2.2 Independent Outlets Market 2023-2030 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
2.1 Most Active Companies Market 2023-2030 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2023-2030 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2023-2030 (Volume/Units)
3.1 By Sector Type Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Full Service Restaurants Market 2023-2030 (Volume/Units)
3.1.2 Cafes/Bars Market 2023-2030 (Volume/Units)
3.1.3 Street Stalls/Kiosks Market 2023-2030 (Volume/Units)
3.1.4 Quick Service Restaurants Market 2023-2030 (Volume/Units)
3.2 By Structure Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Chained Outlets Market 2023-2030 (Volume/Units)
3.2.2 Independent Outlets Market 2023-2030 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2023-2030 (Volume/Units)
4.1 Most Active Companies Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2023-2030 ($M)
5.1 By Sector Type Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Full Service Restaurants Market 2023-2030 ($M)
5.1.2 Cafes/Bars Market 2023-2030 ($M)
5.1.3 Street Stalls/Kiosks Market 2023-2030 ($M)
5.1.4 Quick Service Restaurants Market 2023-2030 ($M)
5.2 By Structure Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Chained Outlets Market 2023-2030 ($M)
5.2.2 Independent Outlets Market 2023-2030 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
6.1 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2023-2030 ($M)
7.1 By Sector Type Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Full Service Restaurants Market 2023-2030 ($M)
7.1.2 Cafes/Bars Market 2023-2030 ($M)
7.1.3 Street Stalls/Kiosks Market 2023-2030 ($M)
7.1.4 Quick Service Restaurants Market 2023-2030 ($M)
7.2 By Structure Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Chained Outlets Market 2023-2030 ($M)
7.2.2 Independent Outlets Market 2023-2030 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
8.1 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2023-2030 ($M)
9.1 By Sector Type Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Full Service Restaurants Market 2023-2030 ($M)
9.1.2 Cafes/Bars Market 2023-2030 ($M)
9.1.3 Street Stalls/Kiosks Market 2023-2030 ($M)
9.1.4 Quick Service Restaurants Market 2023-2030 ($M)
9.2 By Structure Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Chained Outlets Market 2023-2030 ($M)
9.2.2 Independent Outlets Market 2023-2030 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
10.1 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2023-2030 ($M)
11.1 By Sector Type Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Full Service Restaurants Market 2023-2030 ($M)
11.1.2 Cafes/Bars Market 2023-2030 ($M)
11.1.3 Street Stalls/Kiosks Market 2023-2030 ($M)
11.1.4 Quick Service Restaurants Market 2023-2030 ($M)
11.2 By Structure Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Chained Outlets Market 2023-2030 ($M)
11.2.2 Independent Outlets Market 2023-2030 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
12.1 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2023-2030 ($M)
13.1 By Sector Type Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Full Service Restaurants Market 2023-2030 ($M)
13.1.2 Cafes/Bars Market 2023-2030 ($M)
13.1.3 Street Stalls/Kiosks Market 2023-2030 ($M)
13.1.4 Quick Service Restaurants Market 2023-2030 ($M)
13.2 By Structure Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Chained Outlets Market 2023-2030 ($M)
13.2.2 Independent Outlets Market 2023-2030 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
14.1 Most Active Companies Market 2023-2030 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Thailand Foodservice Market Revenue, 2023-2030 ($M)2.Canada Thailand Foodservice Market Revenue, 2023-2030 ($M)
3.Mexico Thailand Foodservice Market Revenue, 2023-2030 ($M)
4.Brazil Thailand Foodservice Market Revenue, 2023-2030 ($M)
5.Argentina Thailand Foodservice Market Revenue, 2023-2030 ($M)
6.Peru Thailand Foodservice Market Revenue, 2023-2030 ($M)
7.Colombia Thailand Foodservice Market Revenue, 2023-2030 ($M)
8.Chile Thailand Foodservice Market Revenue, 2023-2030 ($M)
9.Rest of South America Thailand Foodservice Market Revenue, 2023-2030 ($M)
10.UK Thailand Foodservice Market Revenue, 2023-2030 ($M)
11.Germany Thailand Foodservice Market Revenue, 2023-2030 ($M)
12.France Thailand Foodservice Market Revenue, 2023-2030 ($M)
13.Italy Thailand Foodservice Market Revenue, 2023-2030 ($M)
14.Spain Thailand Foodservice Market Revenue, 2023-2030 ($M)
15.Rest of Europe Thailand Foodservice Market Revenue, 2023-2030 ($M)
16.China Thailand Foodservice Market Revenue, 2023-2030 ($M)
17.India Thailand Foodservice Market Revenue, 2023-2030 ($M)
18.Japan Thailand Foodservice Market Revenue, 2023-2030 ($M)
19.South Korea Thailand Foodservice Market Revenue, 2023-2030 ($M)
20.South Africa Thailand Foodservice Market Revenue, 2023-2030 ($M)
21.North America Thailand Foodservice By Application
22.South America Thailand Foodservice By Application
23.Europe Thailand Foodservice By Application
24.APAC Thailand Foodservice By Application
25.MENA Thailand Foodservice By Application