Market Size of Cambodia Foodservice Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
