Changing consumer preferences is expected to drive market expansion in the near future at a CAGR of 7.20% during the forecast period from 2019 to 2032

Market Research Future (MRFR) has published on the “Global Asian Food Market”.

The Market is estimated to register a CAGR of 7.20% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Asian Food Market— Pei Wei Asian Diner, Panda Express, Moods Hospitality Pvt. Ltd., Inns’ Bruck, and Eurofood Group Plc.

Asian Food Market Highlights

The global Asian Food Market is expected to register a CAGR of 7.20% during the forecast period and is estimated to reach USD 269.9 billion by 2032.

One factor driving market expansion in the Asian food market is increased globalization and cultural interchange, which leads to a greater demand for various exotic flavors. This opens up opportunities for firms to broaden their offers and enter new markets. However, the market confronts several problems, including fierce competition, the desire for authenticity in flavors, and the need to adapt to changing customer preferences across regions.

Segmental Analysis

The global Asian Food Market has been segmented based on Type.

The Type segments the market into Oriental styles, Japanese, Chinese, Korean, Indonesian, Thai and Indian. Chinese cuisine has the greatest market share in the Asian food market and is likely to maintain its dominance during the projection period. It has been immensely popular in the nutrient segment in Western countries since it is thought to be more nutritious than traditional foods such as burgers, pizza, pasta, burritos, tacos, and sandwiches.

Regional Analysis

The global Asian Food Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Asian Food Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Asian Food Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Asian Food Market comprises of Middle East, Africa, and Latin America.

North America has the largest revenue share of the Asian Food global market. This superiority may be attributed to North America's diverse population, which appreciates and enjoys Asian food. The region has a great appetite for authentic Asian food products, creating a thriving market for sushi, ramen, curry, and boba tea. Furthermore, the existence of numerous Asian restaurants, grocery stores, and food delivery services in North America contributes significantly to the revenue of the Asian food sector.

Moreover, the European market has increasingly embraced the flavors and complexity of Asian cuisine, resulting in an increase in demand for a variety of Asian culinary products. The cosmopolitan aspect of Europe, combined with the growing popularity of Asian restaurants and grocery stores, has helped to expand the Asian food market throughout the continent. European consumers are discovering and enjoying a diverse range of Asian cuisine, including sushi, noodles, curries, and bubble tea.

Additionally, Asia-Pacific Asian Food Market is expected to grow at the fastest Compound Annual Growth Rate (CAGR) between 2024 and 2032. The region's rich culinary heritage and varied spectrum of Asian cuisines are propelling this rapid expansion. With a big population that enjoys and consumes Asian food on a regular basis, the Asia-Pacific area is seeing an increase in demand for authentic Asian ingredients, recipes, and flavors. Furthermore, increased globalization and exposure to diverse cultures have boosted Asian cuisine's popularity in Asia-Pacific countries.

The remaining Asian Food Market is segmented into three regions: the Middle East, Africa, and Latin America. These regions contribute to the global Asian food sector by providing distinctive culinary experiences that combine native flavors with Asian influences.

Key Findings of the Study

• The global Asian Food Market is expected to reach USD 269.9 billion by 2032, at a CAGR of 7.20% during the forecast period.


• The Asia-Pacific Asian Food Market is expected to grow at the fastest CAGR from 2024 to 2032 due to the region's rich culinary heritage.


• Chinese cuisine has the greatest market share in the Asian food market and is likely to maintain its dominance during the projection period.


• Pei Wei Asian Diner, Panda Express, Moods Hospitality Pvt. Ltd., Inns’ Bruck, and Eurofood Group Plc. are key market players.