Restaurant and food service industry in Thailand - statistics & facts

The thriving restaurant and food services industry 

Through the economy’s ups and downs, the restaurant industry often performs well. The sales value of restaurant businesses in Thailand is forecast to reach higher in the next few years. In the big cities where convenience is crucial, the variety of restaurants and trendy food services seem to be popular among Thai urbanites. In addition, cafés and bars are some of the most popular meet-up locations for Thais. The revenue of coffee shops in the country had been gradually increasing in the past years. Thailand is also known for its vast selection and availability of street food. With the hectic lifestyle that locals have, buying food from street stalls that are stationed all over the country are a suitable and sensible choice.

The rise of the food delivery market 

With the ongoing coronavirus (COVID-19) pandemic, it is unquestionable that the restaurant industry has been heavily negatively affected. Strict measures imposed in the country no longer allowed dine-ins, only takeaway was possible. Hence, food delivery gained its momentum more than ever. In addition, a survey conducted in June 2020 revealed that most of Thai consumers ordered food more online because of social distancing and staying home preference. This certainly benefitted the food delivery operators in the country. Some of the key players in Thailand’s food delivery market are Foodpanda, GrabFood, Line Man, and Happy Fresh, with Grab accounting for the highest share of the food delivery market in the country. Furthermore, the value of food delivery market in Thailand was forecast to amount to around one billion U.S. dollars in 2020.

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