Research By Markets adds Market Research Report - Market Research Report on Malaysia – The Future of Foodservice to 2023
For detailed information: https://www.researchbymarkets.com/report/malaysia-the-future-of-foodservice-to-2023-503369.html
Malaysia – The Future of Foodservice to 2023
“Malaysia – The Future of Foodservice to 2023”, provides extensive insight and analysis of Malaysia’s Foodservice market over 2018-2023 and acts as a vital point of reference for operators or suppliers.
The Malaysian profit sector has seen value grow at a CAGR of 5.0% between 2016 and 2018. Growth has relied heavily on rising transactions as the population continues to urbanize quickly, reducing opportunities to expand outlet footprints. Future growth is forecast to contract to a CAGR of 4.3% until 2023.
– Growth is being driven by a population increasingly drawn to foodservice to satisfy their hunger and their desire for more convenient eating occasions they can fit into their busy days, reflecting a shift away from traditional eating habits.
– The growing aspirational middle classes are increasingly looking to foodservice for an experience above and beyond what they can create at home.
– The FSR channel is forecast to see the fastest rise in transactions as Malaysians look for a more refined experience and a higher quality of food.
Reasons to buy
– Specific forecasts of the foodservice market over 2018-2023 will give readers the ability to make informed business decisions through identifying emerging/declining markets.
– Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within Malaysia’s foodservice market.
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