Asian Food Market - Global Industry Analysis

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

Published Date: 25-May-2021 Category: Food & Beverage Report Format : PDF Pages: 150 Report Code: ZMR-229 Status : Published

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.

Description

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.

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 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.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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: 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: Key Players & Competitive Landscape

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.

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

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Asian Food Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Asian Food Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Oriental
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Chinese
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Japanese
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Korean
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6 Indonesian
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7 Thai
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8 Indian
      • 4.8.1. Market Size and Forecast, By Region (USD Billion)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Asian Food Market – Region Segment Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 5.2.5. U.S.
        • 5.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
      • 5.2.6. Canada
        • 5.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
      • 5.2.7. Mexico
        • 5.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 5.3.5. Germany
        • 5.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
      • 5.3.6. France
        • 5.3.6.1. France Market Revenue, By Product, 2016 – 2028
      • 5.3.7. U.K.
        • 5.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
      • 5.3.8. Italy
        • 5.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
      • 5.3.9. Spain
        • 5.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
      • 5.3.10. Rest of Europe
        • 5.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 5.4.5. China
        • 5.4.5.1. China Market Revenue, By Product, 2016 – 2028
      • 5.4.6. Japan
        • 5.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
      • 5.4.7. India
        • 5.4.7.1. India Market Revenue, By Product, 2016 – 2028
      • 5.4.8. South Korea
        • 5.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
      • 5.4.9. South-East Asia
        • 5.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
      • 5.4.10. Rest of Asia Pacific
        • 5.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 5.5.5. Brazil
        • 5.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
      • 5.5.6. Argentina
        • 5.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
      • 5.5.7. Rest of Latin America
        • 5.5.7.2. Rest of Latin America Market Revenue, By Product, 2016 – 20285
    • 5.6. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 5.6.5. GCC Countries
        • 5.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
      • 5.6.6. South Africa
        • 5.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
      • 5.6.7. Rest of Middle-East Africa
        • 5.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
  • Chapter No. 6: Asian Food Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technology Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7: Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Asian Food Market: Company Market Share, 2019
      • 7.1.2. Global Asian Food Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Asian Food Market, Company Y-o-Y Growth, 2017 – 2028 (%)
      • 7.1.4. Global Asian Food Market: Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Product Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8: Company Profiles
    • 8.1. Pei Wei Asian Diner
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfolio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. Panda Express
    • 8.3 Moods Hospitality Pvt. Ltd
    • 8.4 Inns’ Bruck
    • 8.5 Eurofood Group Plc.
    • 8.6. Company 6
    • 8.7. Company 7
    • 8.8. Company 8
    • 8.9. Company 9
    • 8.10. Company 10
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10: Research Methodology
    • 10.1. Research Methodology
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Asian Food Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 6. Global Asian Food Market for Oriental, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Asian Food Market for Oriental, By Country, 2020 & 2028
FIG NO. 8. Global Asian Food Market for Japanese, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Asian Food Market for Japanese, By Country, 2020 & 2028
FIG NO. 10. Global Asian Food Market for Chinese, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Asian Food Market for Chinese, By Country, 2020 & 2028
FIG NO. 12. Global Asian Food Market for Indian, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Asian Food Market for Indian, By Country, 2020 & 2028
FIG NO. 14. Global Asian Food Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Asian Food Market for Others, By Country, 2020 & 2028
FIG NO. 16. Global Asian Food Market Revenue Share, By Region, 2020 & 2028
FIG NO. 17. North America Asian Food Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 18. Porter’s Five Forces Analysis for Global Asian Food Market
FIG NO. 19. PEST Analysis for Global Asian Food Market
FIG NO. 20. Pricing Analysis for Global Asian Food Market
FIG NO. 21. Value Chain Analysis for Global Asian Food Market
FIG NO. 22. Company Share Analysis, 2019
FIG NO. 23. Radar Determinant Chart, 2019
FIG NO. 24. Company Strategic Developments – Heat Map Analysis
FIG NO. 25. Panda Express Business Segment Revenue Share, 2020 (%)
FIG NO. 26. Panda Express Geographical Segment Revenue Share, 2020 (%)
FIG NO. 27. Market Channels
FIG NO. 28. Marketing Channel Development Trend
FIG NO. 29. Growth in World Gross Product, 2008-2018
FIG NO. 30. Research Methodology – Detailed View
FIG NO. 31. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Asian Food Market: Snapshot
TABLE NO. 2. Quarterly Asian Food Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Asian Food Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Asian Food Market for Oriental, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Asian Food Market for Japanese, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Asian Food Market for Chinese, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Asian Food Market for Indian, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Asian Food Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Asian Food Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Asian Food Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Asian Food Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 14. U.S. Asian Food Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 15. Canada Asian Food Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 16. Mexico Asian Food Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 17. Drivers for the Asian Food Market: Impact Analysis
TABLE NO. 18. Restraints for the Asian Food Market: Impact Analysis
TABLE NO. 19. Major Buyers of Asian Food 
TABLE NO. 20. Distributors/Traders List of Asian Food
TABLE NO. 21. Global Asian Food Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 22. Global Asian Food Market, Company Y-o-Y Growth, 2017 – 2028 (USD Billion)
 

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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.

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