Thailand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026
The Thailand foodservice market size was valued at $15.3 billion in 2021. The market is projected to grow at a CAGR of more than 23% during the forecast period. Quick-service restaurants (QSR) continues to be the largest foodservice channel in terms of value sales. With the easing of restrictions and adopting the ‘live with COVID-19 as any other virus’ strategy, dine-ins will continue to dominate most foodservice channels in Thailand. FSR was the second-largest channel in Thailand’s profit sector.
The Thailand foodservice market research report provides extensive insight and analysis of the Thai foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.
Thailand foodservice market overview
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What are the key channels in the Thailand foodservice market?
The key channels in the Thailand foodservice market are QSR, FSR, mobile operator, workplace, pub, club, and bar, accommodation, retail, coffee and tea shop, ice-cream parlor, leisure, and travel. QSR and FSR were the top two channels in Thailand’s foodservice profit sector. The high prominence of the QSR channel in Thailand largely reflects a sizable street food market present in major cities such as Bangkok, driven by urbanization, tourism activities, and established culinary traditions. Moreover, the rising preference for American fast-food options by young and working consumers lead to high share of QSR in the profit sector. Mobile operator was the third largest channel by revenue.
Thailand foodservice market, by channels
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Which are the key companies in the Thailand foodservice market?
Some of the key companies in the Thailand foodservice market are Yum! Brands Inc., McDonald’s Corporation, Charoen Pokphand Group, Restaurant Brands International, Berkshire Hathaway, MK Restaurant Group PCL, Minor International PCL, Oishi Group, S&P Syndicate PCL, Starbucks Corporation, PTT Group PCL, Dunkin’ Brands Group Inc., and S&P Syndicate PCL.
Market report scope
| Market size (Year – 2021) | $15.3 billion |
| Growth rate | CAGR of >23% |
| Forecast period | 2021-2026 |
| Key channels | QSR, FSR, Mobile Operator, Workplace, Pub, Club, and Bar, Accommodation, Retail, Coffee and Tea Shop, Ice-Cream Parlor, Leisure, and Travel |
| Key companies | Yum! Brands Inc., McDonald’s Corporation, Charoen Pokphand Group, Restaurant Brands International, Berkshire Hathaway, MK Restaurant Group PCL, Minor International PCL, Oishi Group, S&P Syndicate PCL, Starbucks Corporation, PTT Group PCL, Dunkin’ Brands Group Inc., and S&P Syndicate PCL |
This report provides:
- Detailed analysis of current macro-economic factors and their impact on Thailand’s foodservice market including GDP per capita, consumer price index, population growth, and annual household income distribution.
- In-depth data and forecasts of key channels within Thailand’s foodservice market, including the value of the market, number of transactions, number of outlets, and average transaction price.
- Identification of the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Thai population.
- Overview of market leaders within the four major channels including business descriptions and number of outlets.
Reasons to Buy
- Specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions by identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels will allow readers to understand the wants and needs of their target demographics.
Key Players
Table of Contents
Frequently Asked Questions
The foodservice market size in Thailand was valued at $15.3 billion in 2021.
The foodservice market in Thailand is projected to grow at a CAGR of more than 23% during the forecast period.
The key channels in the Thailand foodservice market are QSR, FSR, mobile operator, workplace, pub, club, and bar, accommodation, retail, coffee and tea shop, ice-cream parlor, leisure, and travel.
Some of the key companies in the Thailand foodservice market are Yum! Brands Inc., McDonald’s Corporation, Charoen Pokphand Group, Restaurant Brands International, Berkshire Hathaway, MK Restaurant Group PCL, Minor International PCL, Oishi Group, S&P Syndicate PCL, Starbucks Corporation, PTT Group PCL, Dunkin’ Brands Group Inc., and S&P Syndicate PCL.
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