APAC to Boost Fast Food Consumption Worldwide, Analysed by Euromonitor in Its New Research Study Available at MarketPublishers.com02 Oct 2017 • by Natalie Aster
LONDON – APAC is the world’s 2nd leading region in terms of fast food consumption, and is likely to be the 5th most rapidly growing region through to 2021, outpacing the overall growth in fast food consumption across the countries of North America and Latin America. With the fastest growth in disposable income levels, alongside a comparatively young population base, the APAC region is expected to boost the fast food consumption worldwide.
China, Japan and India are the major consumers of fast food in APAC. India is relatively more cautious when it comes to eating out, or virtually eating fast food, and had one of the lowest rates of per capita spending on fast food as of 2016; although, it was the 3rd fastest growing nation across the region, and is set to see faster momentum than China and Japan till 2021. This will mainly be fuelled by young consumers, as well as urbanisation growth in the country.
Specialist coffee houses grew at a pace which was double that of the region’s fast food sector as of 2016. Since coffee houses also permit consumers to have a quick snack, at a reasonable price, have Wi-Fi, and particularly have a more relaxed atmosphere, the younger generation have increasingly begun habituating these outlets. This is expected to be an essential challenge to the growth of the regional fast food market in the years to come.
New market research study “Fast Food in Asia Pacific” drawn up by Euromonitor presents an all-encompassing analysis of the market on a regional scale.
It offers keen insights into to the scope and size of the fast food sector, latest buzz topics, emerging markets, major categories and game-changing trends, as well as urgent industry problems and white spaces. The report canvasses the growth sectors and pinpoints the factors driving change; gives an overview of the leading operators and key brands, gives a strategic analysis of major factors impacting the operating environment. The report provides competitive intelligence about leaders in the market and canvasses the overall competitive landscape of the industry. It presents extensive market forecasts for the next 5 years, and sheds light on the criteria for success.
More new market research studies created by our partner are at hand at Euromonitor page.