Reference
·Primary source
Thailand food-service total revenue (2020-2024)
~THB 740B (2024)
Thailand's total food-service economy reached approximately THB 740 billion in 2024 according to SCB EIC and Krungsri Research industry outlook, recovering past pre-pandemic levels as inbound tourism climbed back toward 35-40 million arrivals. The 2020 COVID trough cut spend to ~THB 530B as dine-in shut down and tourism collapsed; 2021 stayed depressed at ~THB 560B before reopening lifted 2022 to ~THB 640B. The composition includes street food, independent restaurants, hotel F&B, chained restaurants, and QSR. Chained restaurants and QSR represent roughly THB 250-300B inside the total, with the balance dominated by independents and street food.
Figure in context
Thailand's total food-service economy reached approximately THB 740 billion in 2024 according to SCB EIC and Krungsri Research industry outlook, recovering past pre-pandemic levels as inbound tourism climbed back toward 35-40 million arrivals. The 2020 COVID trough cut spend to ~THB 530B as dine-in shut down and tourism collapsed; 2021 stayed depressed at ~THB 560B before reopening lifted 2022 to ~THB 640B. The composition includes street food, independent restaurants, hotel F&B, chained restaurants, and QSR. Chained restaurants and QSR represent roughly THB 250-300B inside the total, with the balance dominated by independents and street food.
Interpretation notes
What this tells you
Thailand's total food-service economy reached approximately THB 740 billion in 2024 according to SCB EIC and Krungsri Research industry outlook, recovering past pre-pandemic levels as inbound tourism climbed back toward 35-40 million arrivals. The 2020 COVID trough cut spend to ~THB 530B as dine-in shut down and tourism collapsed; 2021 stayed depressed at ~THB 560B before reopening lifted 2022 to ~THB 640B. The composition includes street food, independent restaurants, hotel F&B, chained restaurants, and QSR. Chained restaurants and QSR represent roughly THB 250-300B inside the total, with the balance dominated by independents and street food.
What not to do with it
Values in THB billion. Includes dine-in, takeaway, delivery, hotel F&B, street food, institutional catering.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand chained restaurant and QSR segment revenue (2020-2024)
SCB EIC, Krungsri Research, MINT, CRG
Minor Food (MINT) segment revenue (2020-2024)
Minor International 56-1 annual filing, MINT investor relations, SET disclosures
Central Restaurants Group (CRG) revenue (FY2024)
Central Retail Corporation 56-1, CRG operating disclosures, Yum Brands Thailand market commentary
Thailand chained restaurant format mix (FY2024)
SCB EIC Food Service, Krungsri Research, Listed operator 56-1 segment disclosures
LMWN-GrabFood post-Foodpanda duopoly share
LINE MAN Wongnai funding announcements, Grab Holdings Thailand segment reporting, Delivery Hero Asia exit announcement, SCB EIC
7-Eleven ready-to-eat QSR substitution share
CP All 56-1 annual filing, CPF commissary disclosures, SCB EIC convenience-store coverage, Krungsri Research
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.