Asian Food Market Size, Share, Growth Report 2030

Asian Food Market

Asian Food Market By Product (Oriental Styles, Japanese, Chinese, Korean, Indonesian, Thai, and Indian): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028

Category: Food & Beverage Report Format : PDF Pages: 150 Report Code: ZMR-229 Published Date: May-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 139.5 Billion USD 231 Billion 7.2% 2020

Asian Food Market: Overview     

The Global Asian Food market accounted for USD 139.5 Billion in 2020 and is expected to reach USD 231 Billion by 2028, growing at a CAGR of around 7.2% between 2021 and 2028.    

Asian foods comprise Thai, Chinese, and Indian foods. Asia food has marked its presence within the nutriment segment in Western countries. it's also considered to be more nutritious than conventional fast foods like pizza, burgers, pasta, taco, burritos, and sandwiches. The Asian foodstuff is extremely fragmented worldwide and lots of small players operate as exclusive restaurants or as chained restaurants. Asian foods have marked their presence around the globe during a very short time due to their acceptance by people that taste lovers and choose such foods.

Global Asian Food Market SizeRequest Free Sample

The Asian foodstuff around the world is anticipated to witness substantial growth within the near future. People choose exotic ethnic food due to its superior taste and affordable prices. one of the main factors driving the expansion of Asian foodstuff includes constantly changing food habits in various regions of the planet. These factors may vary from region to region; however, rising income and growing culture of eating non-home-made food as a change are other factors impacting the demand for Asian food in emerging countries in a positive way.

Western countries are inclined towards variety and novel tastes. Thus, quick service and full-service restaurants are established which include Asian food in their mainstream menu to satisfy the growing demand for Asian food. On the opposite hand, improper advertising and channel because the market involves an excellent number of small players within the competition may hamper the expansion of the worldwide Asian foodstuff. In addition, various mergers and acquisitions by major players will also have a towering impact on the Asian Food market in the years to come.

COVID-19 Impact Analysis

After the closure of restaurants, hotels, and other food outlet facilities during the arrival of the pandemic, the global Asian Food market has witnessed a decline in sales for the short term owing to the complete lockdown enforcement placed by governments to control COVID spreading. However, later it started for home delivery or take away. This has moderately increased the intake of the ready-to-eat food products, which comes in various ethnicities like Italian, Indian, Chinese among others, which are popularly demanded across the planet, therefore the demand for the foods propelled during the year 2020.

The restrictions imposed by various nations to contain COVID have stopped the production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand for Asian Food. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.

Asian Food MarketRequest Free Sample

Asian Food Market: Growth Factors

With the growing immigration rates, owing to education, employment opportunities, and increase in tourism activities, the demand for Asian food has been growing. Moreover, with the increasing consumption of nutritious food and rising capital investment in producing healthy, Asian-based food, the market studied is predicted to realize traction over the forecast period. The Asian food manufacturers specialize in the convenience factor, cuisine variants, quality of food, and packaging formats of the products. Opening of the various food outlets across the nation in the fast administration is expected to sight critical growth opportunities during the forecast period.

Global Asian Food Market: Report Scope:

Report Attributes Report Details
Report Name Asian Food Market
Market Size in 2020 USD 139.5 Billion
Market Forecast in 2028 USD 231 Billion
Compound Annual Growth Rate CAGR of 7.2%
Number of Pages 150
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Pei Wei Asian Diner, Panda Express, and Moods Hospitality Pvt. Ltd. Other key players influencing the global market are Inns’ Bruck and Eurofood Group Plc.
Segments Covered By Product Type, By Application And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2015 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization


To know more about this report, request a sample copy.

Product Segment Analysis Preview   

Chinese food has the largest market share in the Asian Food market and is expected to remain dominant throughout the forecast period. Asian foods contain Chinese, Thai, and Indian food. It's become extremely popular in the nutriment segment in western countries because it is believed to be more nutritious than conventional nutriments like burgers, pizza, pasta, burritos, taco, and sandwiches. The market is very fragmented worldwide and lots of small players operate as exclusive restaurants or as chained restaurants.

Asian Food Market sizeRequest Free Sample

Asian Food Market: Regional Analysis Preview   

North America was one more leading area in Asian Food market and is anticipated to show significant development in the coming years owing to a substantial increase in the consumption of Asian food in the region. Additionally, there's a high demand for spicy food with various sauces in Europe also. This successively also impacts the expansion of the market in Europe in a positive way. Europe is predicted to be the most important marketplace for Asian food within the near future.

Asian Food Market GrowthRequest Free Sample

Asian Food Market: Key Players & Competitive Landscape

Some of the key players dominating the global Asian food market are

  • Pei Wei Asian Diner
  • Panda Express
  • Moods Hospitality Pvt. Ltd.
  • Inns’ Bruck
  • and Eurofood Group Plc.

The global Asian Food Market is segmented as follows:

By Product

  • Oriental styles
  • Japanese
  • Chinese
  • Korean
  • Indonesian
  • Thai
  • Indian 

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global Asian Food Market was valued at USD 139.5 billion in 2020.

The global Asian Food Market is expected to reach USD 231 billion by 2028, growing at a CAGR of 7.2% between 2021 to 2028.

Some of the key factors driving the global Asian Food Market growth are the high demand for spicy food and rising disposable income along with the influence of eating outside of the home.

Asia Pacific region held a substantial share of the Asian Food Market in 2020.

Some of the key players dominating the global Asian food market are Pei Wei Asian Diner, Panda Express, and Moods Hospitality Pvt. Ltd. Other key players influencing the global market are Inns’ Bruck and Eurofood Group Plc.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed