The ASEAN fast food and quick service restaurants market is anticipated to grow with a significant CAGR of 7.2% during the forecast period. The emerging domestic fast-food chains are a major factor propelling the growth of the ASEAN Fast food and quick service restaurants market. Several domestic chains including PT Baba Rafi Enterprise, Jollibee Foods Corp., among others in countries such as Vietnam, Thailand, and Indonesia have more than 1,000 stores and are stepping up efforts to operate successfully in ASEAN countries. In addition to this, these domestic chains are also expanding their business into the global market. For instance, Jollibee Foods. Corp. has 41 stores in North America, the majority of which are located in the US.
A full report of ASEAN Fast Food and Quick Service Restaurants Market is available at: https://www.omrglobal.com/industry-reports/asean-fast-food-and-quick-service-restaurants-market
Similarly, global fast-food chains are also operating considerably well across ASEAN countries. Yum Brands Inc, Domino’s Pizza, Inc., Burger King Corp., and McDonald’s Corp. are the main operating companies in the quick-service segment across the ASEAN countries. Similarly, 7-Eleven Inc. owes the majority of its local presence to $1.5 billion in value in Thailand alone with about 6,800 franchises in 2018, according to the company’s corporate reports. Hence, the strong presence of global fast-food giants across the region will aid in the growth of the ASEAN Fast food and quick service restaurants market in the near future.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Countries Covered-
o Indonesia
o Thailand
o Malaysia
o Singapore
o Other
- Segment Covered-
o By Product Type
o By Category
o By Store Type
o By Distribution Channel
- Competitive Landscape- Domino’s Pizza, Inc., McDonald’s Corp., Starbucks Corp., Jollibee Foods Corp., 7-Eleven, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
ASEAN Fast food and quick service restaurants Market Report Segment
By Product Type
- Burger& Sandwich
- Pizza & Pasta
- Beverage
- Desserts
- Salads
- Donuts
- Others Product
By Food Category
- Vegetarian Food
- Non-Vegetarian Food
- Vegan Food
By Store Type
- Chain Store
- Independent Store
By Distribution Channel
- Offline
- Online
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