The ASEAN fast food and quick service restaurants market is anticipated to grow with a significant CAGR of 7.2% during the forecast period (2020-2026). 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.
Browse the full report description of "ASEAN Fast Food and Quick Service Restaurants Market Size, Share & Trends Analysis Report by Product Type (Burger & Sandwich, Pizza & Pasta, Beverages, Desserts, Salads, Donuts, and Others Product), By Category (Vegetarian Food, Non-Vegetarian Food, and Vegan Food), By Store Type (Chain Store and Independent Store), By Distribution Channel (Online and Offline), Forecast Period 2020-2026" 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.
Market Coverage
o Indonesia
o Thailand
o Malaysia
o Singapore
o Other
o By Product Type
o By Category
o By Store Type
o By Distribution Channel
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
ASEAN Fast food and quick service restaurants Market Report Segment
By Product Type
By Food Category
By Store Type
By Distribution Channel
ASEAN Fast food and quick service restaurants Market Report – By Region