Consolidation looms for Southeast Asia’s meals supply giants

Meals supply corporations in Southeast Asia are going through the problem of adapting their companies with a view to keep a maintain on the more and more aggressive post-pandemic market — or danger being absorbed by larger gamers.

Meals supply is a difficult beast — it’s an intricate, time-pressurized and delicate logistics operation that includes varied inner and exterior stakeholders. Through the pandemic, the urge for food for meals supply companies surged as keep at house orders or social-distancing protocols largely restricted in-restaurant eating.

In Southeast Asia, the meals supply companies market grew 183% 12 months on 12 months in 2020, and elevated 30% the next 12 months, in line with analysis by Singapore-based Momentum Works. However in 2022, nevertheless, this progress slowed to five%, with declines recorded in Thailand, Singapore and Indonesia, the group discovered.