Foodservice Market – Growth, Trends And Forecast (2019 – 2024)
Indonesia foodservice market offers the services provided by full-service restaurant, self-service restaurant, fast food, street stall and kiosk, cafe and bar, and 100% home delivery restaurant structured as independent consumer foodservice, chained consumer foodservice.
Indonesia foodservice market is forecasted to grow at a CAGR of 7.06% during the forecast period (2019 – 2024).
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Top Companies in the Indonesia Foodservice Market:
PT Top Food Indonesia, McDonald’s, Starbucks Coffee Company, Domino’s Pizza, Inc, Yum! Brands RSC, Quality Is Our Recipe, LLC, Burger King and other.
– The Indonesian foodservice market is extremely diverse, consisting of high-end hotels and restaurants that serve local and international cuisine, fast food outlets, cafes and bars, bakeries, and low-end small restaurants, street-side restaurants known as warungs, and vendors that sell food to customers on the street.
– Health-conscious consumers are seeking more options for healthier food and drinks in restaurants and other foodservice channels. The Superfood concept that includes salads, low-calorie and high protein diets such as pitted prunes is considered to be good for health and is growing popularity across Indonesian foodservice market, especially in its urban areas.
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Key Market Trends:
Increasing Tourism Sector in the Country
Indonesia ranks among the top ten countries in the world and first in South-East Asia with the fastest growing tourism sector. According to the Central Bureau of Statistics, the country witnessed a Year on Year growth of 8.16% in 2018 in the number of tourist’s visits accounting for 1.15 million visits in the respective year. Owing to this flourishing sector the foodservice business is experiencing a top-notch growth in the country. Moreover, dishes such as Rendang, Rawon, Oxtail soup, and Siomay offered by Indonesian cuisine has been gaining considerable preferences by the tourists.
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Influence Of The Foodservice Market Report:
-Comprehensive assessment of all opportunities and risk in the Foodservice market.
-Foodservice market recent innovations and major events.
-Detailed study of business strategies for growth of the Foodservice market-leading players.
-Conclusive study about the growth plot of Foodservice market for forthcoming years.
-In-depth understanding of Foodservice market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital market latest trends striking the Foodservice market.
Finally, Foodservice Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Foodservice industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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