Thailand: Food Service - Hotel Restaurant Institutional Annual

Thailand’s foodservice is expected to grow by 7 percent this year with the market size of $32.85 billion, supported by store expansion and a recovery in tourism sector. However, there are factors that are expected to impact the business such as the government’s policy of raising the minimum wage, which will result in higher costs since the food service business relies heavily on minimum wage labor. Additionally, the food service business faces increasingly intense competition from new entrants.