Global Philippines Quick Services Restaurant Market Statistics, Development and Growth 2019-2035
Summary - A new market study, titled “Philippines Quick Services Restaurant Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2035” has been featured on WiseGuyReports.
Philippines Quick Services Restaurant Market - By Food Type (Burger/Sandwich, Pizza/Pasta, Chicken, Seafood and Others); By Network Type (Franchised and Independent); By Cuisine Type American Cuisine, Turkish Cuisine and Lebanese Cuisine); and Regional Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030.
Product Overview
Quick service restaurants are also termed as fast-food restaurants. This type of restaurant aims at fast food service and regulated table service. Take away or take-out possibilities are also provided. The food is usually cooked in mass volume ahead of time and kept warm until supplied. Quick service restaurants are time and again a part of a restaurant chain such as McDonald's or KFC. The food is usually manufactured and served in bags or cartons. The food is normally cooked at a central supply facility and then shipped to individual locations where they are prepared rapidly in response to incoming orders. Pre-cooked items are thoroughly supervised for freshness and holding time. The food products need the application of flavors like salt, sugar, and stabilizers.
Market Highlights
Philippines quick services restaurant market is expected to exceed USD 7,900 million by 2030 from USD 4,600 million in 2019 at a CAGR of 6.2% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of rising food imports from the United States.
Philippines Quick Services Restaurant Market: Segments
The Burger/Sandwich segment to grow with the fastest CAGR of xx% during 2020-2030
Philippines quick services restaurant market is segmented by Food Type into Burger/Sandwich, Pizza/Pasta, Chicken, Seafood and Others. Among these, the burger/sandwich segment is estimated to hold the largest market share of xx% in 2019, on the basis of the increase in demand for products from reputed fast food joints, such as McDonald’s and Burger King. Other than these international brands, various key regional brands, such as the Lusso, The Burger Joint, 8 Cuts Burgers, and Zak’s Burgers are acquiring recognition in the market.
Philippines Quick Services Restaurant Market: Market Dynamics
Driver
Raised Food Imports from the United States
The rising urbanization, varying customer preferences and millennials inclination towards eating out has primarily promoted the food service segment of the region. Various foreign players are eyeing up on this impending region and maneuvering to fuel the market saturation by raising the exports to the region. Philippines continues to be the biggest market for consumer-oriented food and beverage exports from the U.S. to enhance the foodservice sector.
Restraint
Increasing Inclination towards Fresh and Natural Food Products
For several customers, frozen food is considered to be a product that is an inferior alternative for fresh food, which is one of the primary hindrances for this market. There is a view that food manufactured a year or more before it is consumed could not be healthy.
Philippines Quick Services Restaurant Market: Key Players
• Bon Chon Chicken Philippines
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• YUM Brands
• Army Navy Philippines
• Wendy’s
• Shakey’s Pizza Asia Ventures Inc.
• McDonald’s
• 3M Pizza Philippines
• Jollibbee
• Chooks-to-go
• Goldlocks
The market report on Philippines quick services restaurant also contains the following in-depth analysis:
• Quick Services Restaurant Market Segments:
o By Food Type
Burger/Sandwich
Pizza/Pasta
Chicken
Seafood
Others
o By Network Type
Franchised
Independent
o By Cuisine Type
American Cuisine
Turkish Cuisine
Lebanese Cuisine
• Quick Services Restaurant Market Dynamics
• Quick Services Restaurant Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5823605-philippines-quick-services-restaurant-market-outlook-2030-industry
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)