Consumer foodservice in 2024: The big picture
The overall consumer foodservice landscape in Thailand is significantly influenced by the rising cost of living and heightened price-sensitivity. As inflation continues to impact daily expenses, many consumers are becoming increasingly cautious about their spending habits, particularly in terms of dining out.
2024 key trends
Although the eat-in segment continues to dominate the overall foodservice landscape in Thailand, the rising cost of living and the expenses associated with dining out have sustained the popularity of online delivery services as a more affordable and convenient option for many consumers. As the cost of living rises, consumers are becoming increasingly conscious of their spending habits.
Competitive landscape
The competitive landscape of consumer foodservice in Thailand has intensified, as operators vie for customers’ attention in an environment marked by rising costs and evolving dining preferences. Increasingly price-sensitive consumers, due to economic pressures, are pushing foodservice players to compete aggressively on price to attract and retain their attention and patronage.
Independent foodservice developments
Independent foodservice players are significantly shaping the overall foodservice landscape in Thailand, posing a substantial challenge to well-established chain restaurants across various channels. Their agility and flexibility allow them to respond swiftly to consumer trends, develop innovative products, and adjust pricing strategies, enabling them to cater for the evolving needs of diners more effectively than their larger counterparts.
What next for consumer foodservice?
Although the lingering effects of inflation and the high cost of living are expected to continue impacting consumer foodservice in Thailand over the forecast period, a significant consumer trend that foodservice players can capitalise on is the growing emphasis on health and wellness. As awareness of health-related issues rises, an increasing number of consumers are prioritising their wellbeing and making more informed dietary choices.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Foodservice industry in Thailand with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Cafés/Bars
- Full-Service Restaurants
- Limited-Service Restaurants
- Self-Service Cafeterias
- Street Stalls/Kiosks
- Consumer Foodservice by Location
If you're in the Consumer Foodservice industry in Thailand, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Foodservice in Thailand report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Foodservice in Thailand?
- Which are the leading brands in Consumer Foodservice in Thailand?
- How are multinational and local operators competing and expanding in Thailand?
- How are consumer lifestyle trends and eating habits shaping Consumer Foodservice in Thailand?
- How is the Consumer Foodservice industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Consumer Foodservice in Thailand? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Consumer Foodservice in Thailand
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
Cafés/Bars in Thailand
KEY DATA FINDINGS
Juice/smoothie bars surge as health and wellness trend captivates Thai consumers
Intense competition shapes specialist coffee and tea shops amid rise in discerning consumers
Chained cafés lose competitive edge as consumers shift to specialist coffee and tea shops
New wave of Chinese entrants set to intensify competition
Eat-in and takeaway options to drive growth of cafés/bars
Health and wellness trend will further shape consumer choices
Full-Service Restaurants in Thailand
KEY DATA FINDINGS
Full-service restaurants challenged by rising cost of living and fierce market competition
Surge of Chinese brands transforms full-service restaurants in Thailand
Eat-in is primary growth driver as consumers seek experiences
Customer experience as the focus for full-service restaurants
Eat-in will continue to dominate full-service restaurants
Demand for healthier alternatives becomes essential
Limited-Service Restaurants in Thailand
KEY DATA FINDINGS
Slowdown for limited-service restaurants amid rising costs and shifting consumer preferences
Intense competition arises from economic challenges and evolving consumer trends
Online delivery leads as consumer preferences shift
Intense competition continues amid rising price sensitivity and new market entrants
Evolving consumer trends drive innovation and competition in foodservice fulfilment
Sustainability emerges as consumers demand eco-conscious practices
Self-Service Cafeterias in Thailand
KEY DATA FINDINGS
Self-service cafeterias finds niche amid thriving foodservice industry
Ikea Restaurant becomes healthy quick-service alternative
Health and wellness trend will continue to drive consumers’ foodservice choices
Enhancing dining experience with technology integration
Street Stalls/Kiosks in Thailand
KEY DATA FINDINGS
Affordability and convenience encourage consumers to visit street stalls/kiosks
Chinese brands transform street stall beverage scene in Thailand
Delivery increasingly gains ground in the fulfilment space
Competition from mainland China will push local street stalls/kiosks to innovate
Untapped market of online takeaway in Thailand’s foodservice landscape
Consumer Foodservice By Location in Thailand
KEY DATA FINDINGS
Standalone is dominant location in post-pandemic foodservice landscape
Slowdown in growth for retail locations
Standalone outlets enhance delivery and takeaway services
Inflation and high cost of living to continue challenging retail and travel locations
Expanding standalone foodservice unlocks opportunities for broader consumer engagement
Shift in consumer behaviour and diverse demographics to drive retail foodservice
The following categories and subcategories are included:
Consumer Foodservice
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- Chained Consumer Foodservice
- Independent Consumer Foodservice
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- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
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- Chained Full-Service Restaurants
- Independent Full-Service Restaurants
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- Chained Asian Full-Service Restaurants
- Independent Asian Full-Service Restaurants
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- Chained European Full-Service Restaurants
- Independent European Full-Service Restaurants
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- Chained Latin American Full-Service Restaurants
- Independent Latin American Full-Service Restaurants
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- Chained Middle Eastern Full-Service Restaurants
- Independent Middle Eastern Full-Service Restaurants
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- Chained North American Full-Service Restaurants
- Independent North American Full-Service Restaurants
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- Chained Pizza Full-Service Restaurants
- Independent Pizza Full-Service Restaurants
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- Chained Other Full-Service Restaurants
- Independent Other Full-Service Restaurants
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- Chained Limited-Service Restaurants
- Independent Limited-Service Restaurants
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- Chained Asian Limited-Service Restaurants
- Independent Asian Limited-Service Restaurants
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- Chained Bakery Products Limited-Service Restaurants
- Independent Bakery Products Limited-Service Restaurants
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- Chained Burger Limited-Service Restaurants
- Independent Burger Limited-Service Restaurants
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- Chained Chicken Limited-Service Restaurants
- Independent Chicken Limited-Service Restaurants
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- Chained Convenience Stores Limited-Service Restaurants
- Independent Convenience Stores Limited-Service Restaurants
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- Chained Fish Limited-Service Restaurants
- Independent Fish Limited-Service Restaurants
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- Chained Ice Cream Limited-Service Restaurants
- Independent Ice Cream Limited-Service Restaurants
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- Chained Latin American Limited-Service Restaurants
- Independent Latin American Limited-Service Restaurants
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- Chained Middle Eastern Limited-Service Restaurants
- Independent Middle Eastern Limited-Service Restaurants
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- Chained Pizza Limited-Service Restaurants
- Independent Pizza Limited-Service Restaurants
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- Chained Other Limited-Service Restaurants
- Independent Other Limited-Service Restaurants
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- Chained Self-Service Cafeterias
- Independent Self-Service Cafeterias
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- Chained Street Stalls/Kiosks
- Independent Street Stalls/Kiosks
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- Consumer Foodservice Through Standalone
- Consumer Foodservice Through Leisure
- Consumer Foodservice Through Retail
- Consumer Foodservice Through Lodging
- Consumer Foodservice Through Travel
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- Takeaway Online Ordering
- Takeaway Offline Ordering
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- First-Party Delivery Services
- Third-Party Delivery Services
- Delivery Offline Ordering
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- Drive-Through
- Eat-In
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- Takeaway Online Ordering
- Delivery Online Ordering
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- Takeaway Offline Ordering
- Delivery Offline Ordering
- Drive-Through
- Eat-in
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Consumer Foodservice
Consumer foodservice is composed of cafés/bars, full-service restaurants, limited-service restaurants, self-service cafeterias and street stalls/kiosks.
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This report originates from Passport, our Consumer Foodservice research and analysis database.
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