Cambodia Foodservice Market Size (2024 - 2029)

The Cambodian food delivery market is experiencing significant growth, driven by the expansion of the e-commerce sector and a shift towards digital commerce, accelerated by the COVID-19 pandemic. This transition has led to an increase in the number of online food and grocery service providers, catering to the rising consumer preference for online delivery systems. Key factors such as strong economic growth, rapid urbanization, and increasing disposable incomes are contributing to the market's expansion. The full-service restaurant segment, predominantly led by independent restaurants, continues to be a major driver of consumer food service sales, while essential food products remain widely available across various local markets.

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Market Size of Cambodia Foodservice Industry

Cambodia Foodservice Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.51 Billion
Market Size (2029) USD 4.74 Billion
CAGR (2024 - 2029) 13.57 %
Market Concentration Low

Major Players

Cambodia Foodservice Market Major Players

*Disclaimer: Major Players sorted in no particular order

Cambodia Foodservice Market Analysis

The Cambodia Foodservice Market size is estimated at USD 2.51 billion in 2024, and is expected to reach USD 4.74 billion by 2029, growing at a CAGR of 13.57% during the forecast period (2024-2029).

The nascent e-commerce industry received new growth opportunities. As the COVID-19 pandemic rapidly accelerated the transition to digital commerce, consumers are being asked to practice social distancing and turn toward e-commerce for food service. Many families have started exploring and using digital services. The number of online food and grocery service providers is also increasing in response to consumers' inclination toward online delivery systems.

Sighting the rising demand for online food delivery services, Cambodia's leading food delivery companies like Muuve and Nham24 have sought expansion initiatives since the pandemic. For instance, in December 2021, the growing demand for WingMaWingMall'sces led the company to expand its operations into Battambang, Preah Sihanouk, and Kampong Cham provinces. It is now possible for residents in these provinces to place orders from a wide variety of merchants and have them delivered quickly and free of charge.

Strong economic growth, rapid urbanization, and constant rise in disposable incomes are the key factors that contribute to the development of the Cambodian foodservice market. Consumer food service sales continue to be led by the full-service restaurant segment, which independent restaurants dominate. Essential food products, such as rice, meat, fish, and vegetable oil, are available at the provincial, district, and commune markets. Rice is an essential food item in Cambodians' daily diet, which helps drive the food services market in Cambodia.

Cambodia Foodservice Industry Segmentation

The food service industry encompasses all activities, services, and business functions involved in preparing and serving food to people eating away from home. The Cambodian foodservice market is segmented by type and by Structure. Based on type, the market is segmented into Full-Service Restaurants, Self-Service Restaurants, Fast Food, Street Stalls/Kiosks, Cafes/Bars, and 100% Home Delivery/Takeaway. By Structure, the market is segmented into Chained Outlets and Independent Outlets. The report offers market size and forecast in value terms in USD million for all the above segments.

By Type
Full Service Restaurants
Self-service Restaurants
Fast Food
Street Stalls/Kiosks
Cafes/Bars
100% Home Delivery/Takeaway
By Structure
Chained Outlets
Independent Outlets
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Cambodia Foodservice Market Size Summary

The Cambodian food delivery market is experiencing significant growth, driven by the rapid expansion of e-commerce and digital services, particularly in the wake of the COVID-19 pandemic. The shift towards online food delivery has been accelerated as consumers increasingly prefer the convenience of digital platforms for their food service needs. This trend has led to the emergence and expansion of numerous online food and grocery service providers, such as Muuve and Nham24, which have broadened their operations to cater to the growing demand across various provinces. The market is further bolstered by strong economic growth, urbanization, and rising disposable incomes, which are enhancing consumer spending on food services. The full-service restaurant segment remains dominant, with independent restaurants leading the charge, while essential food products continue to be readily available in local markets.

The competitive landscape of the Cambodian food delivery market is marked by the entry of international players and the expansion of existing companies. Prominent international brands like GrabFood and Food Panda have established a presence in the country, offering on-demand delivery services and expanding their offerings. The tourism industry's recovery post-pandemic is also contributing to the market's growth, as it attracts more visitors who prefer affordable dining options. The market is characterized by a mix of local and international players, with independent outlets gaining popularity for their diverse and affordable cuisine. The increasing number of internet and mobile users is further propelling the online food delivery segment, making it a lucrative area for both local and international businesses. The market's expansion is supported by trends such as casual dining, food trucks, and the localization of international cuisines, which are enhancing the dining experience and encouraging higher spending on meals away from home.

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Cambodia Foodservice Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Full Service Restaurants

      2. 2.1.2 Self-service Restaurants

      3. 2.1.3 Fast Food

      4. 2.1.4 Street Stalls/Kiosks

      5. 2.1.5 Cafes/Bars

      6. 2.1.6 100% Home Delivery/Takeaway

    2. 2.2 By Structure

      1. 2.2.1 Chained Outlets

      2. 2.2.2 Independent Outlets

Cambodia Foodservice Market Size FAQs

The Cambodia Foodservice Market size is expected to reach USD 2.51 billion in 2024 and grow at a CAGR of 13.57% to reach USD 4.74 billion by 2029.

In 2024, the Cambodia Foodservice Market size is expected to reach USD 2.51 billion.

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