Asia Pacific was the fourth fastest growing region in the world for the fast food industry. In terms of value growth rates, this industry in Asia Pacific witnessed a series of ups and downs over the last decade. Although a constant positive trend, which was primarily driven by rising disposable incomes and the overall health of economies, allowed consumers to eat out more. Countries such as Hong Kong, Japan and South Korea have a frequency of eating out with per capita expenditure almost as high their Western counterparts. In countries such as Indonesia, the Philippines and India it is still a weekly practice, but not daily, unlike in their Western counterparts.
Trend tracker: The latest APAC consumer and market insights for the food and beverage industry
Thought Bubble: Fast food evolution | browneshair.com
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Fast Food in Asia Pacific is on the Rise
Trends and changes come fast and furious in the quick-service world, and it looks like they will not slow down in From increased menu diversification to delivery expansion, contrasted with potentially slowed growth in terms of unit numbers, the new year promises new opportunities, both in terms of offering more to consumers while streamlining operations to keep companies in the black. The key to this equation is balance. As America embraces its multi-cultural mix more and more, our food offerings are expanding in many directions, including the recent rise of Korean, Filipino, and Persian cuisines. Filipino food is another example of that.
Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability. Market Analysis: The rapid expansion of the middle-class population in various parts of the world has augured well for fast food brands.