INDUSTRY AT A GLANCE
- The Cambodian economy is projected to grow by 4.8 % in 2022, bringing the gross domestic product (GDP) to around $30.544 billion next year, and GDP per capita to USD 1,841 in 2022.
- The Cambodian foodservice market was valued at USD 1,711.41 million in 2020 and is projected to register a CAGR of 13.57% during the forecast period (2021-2026)
- Strong economic growth, rapid urbanization, constant rise in disposable incomes and increasing of middle-class income population are the key factors that contribute to the development of the Cambodian foodservice market. Sales of consumer foodservice continue to be led by the full-service restaurants segment, which is dominated by independent restaurants.
- More than 2,850 restaurants/ food shops in 2019 reported by Tripadvisor.com.
- Recent Development :
- 2019: Dairy Queen launched its 12th store in Cambodia. The new branch is located at Kampuchea Krom Blvd, an area filled with businesses and schools.
- 2020: Express Food Group (EFG), one of Cambodia’s leading F&B businesses and franchise operators, has launched its own food delivery app in the country, called “HungryApp”
- 2021:
- The American-base fast-food chain Pizza Hut was expected to debut in Cambodia by a local-food chain corporation United Food Group (UFG), the owner of Park Café, one of the leading restaurants in Cambodia
- The Korean Food Research Institute (KFRI) and the Korean institute for advanced technology (KAIT) have conducted 3 years of research on food production in Cambodia under supported by Ministry of Industry, Cambodia
Source: www.mordorintelligence.com
ABOUT CAMBODIA
GEOGRAPHY
Cambodia, officially known as the Kingdom of Cambodia and once known as the Khmer Empire, is a
country located in the southern portion of the Indochina Peninsula in Southeast Asia with the total area 181,035
square kilometers (69,898 square miles), bordered by Thailand to the northwest, Laos to the northeast, Vietnam to
the east, and the Gulf of Thailand to the southwest.
CLIMATE
Cambodia's climate, like that of the rest of Southeast Asia, is dominated by monsoons, which are
known as tropical wet and dry because of the distinctly marked seasonal differences. Cambodia has a temperature
range from 21 to 35 °C (69.8 to 95.0 °F)
POPULATION & RELIGION
Cambodia has a population of over 15 million. The official religion is Theravada
Buddhism, practiced by approximately 95 percent of the population. The country's minority groups include Vietnamese,
Chinese, Chams, and 30 hill tribes. Cambodia's birth rate is 25.4 per 1,000. Its population growth rate is 1.7%. 50%
of the Cambodian population is younger than 22 years old.
LANGUAGE
The Khmer language is a member of the Mon–Khmer subfamily of the Austroasiatic language group.
French, once the language of government in Indochina, is still spoken by many older Cambodians. French is also the
language of instruction in some schools and universities that are funded by the government of France. Cambodian
French, a remnant of the country's colonial past, is a dialect found in Cambodia and is sometimes used in
government, particularly in court. However, the increasing number of tourists from around the world has resulted in
the shift of language from French to English
CURRENCY
US dollars are as commonly used as the Cambodian Riel and even Thai Baht is acceptable in many
places. Most hotels and many restaurants and shops set their prices in dollars. Small transactions are usually done
in Riel. Always carry some small Riel for motorcycle taxis, snacks, beggars and other small purchases. Banknotes is
currently issued as 50, 100, 200, 500, 1000, 5000, 10,000, 50,000 and 100,000 riels.
BUSINESS HOURS
Banks mostly open from 8:00AM to 3:00PM or 4:00PM, Monday to Friday as the official date and
time. Some are opened on Saturday morning until 11:30AM. ATMs are available 24 hours. Business offices are started
from 8:00AM to 12.00PM and 2:00PM to 5:00PM from Monday to Saturday.
Source; BBC, Tourism of Cambodia, Wikipedia,
The information was last edited on 30 January 2018