Global Food And Beverage Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Food And Beverage Services Market Report by The Business Research Company covers food and beverage services market drivers and restraints, food and beverage services market size, major players, and the impact of COVID-19 on the food and beverage services market.
The food and beverage services market consists of sales of food and beverage services and related goods by entities (organizations, sole traders and partnerships) that provide meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption.
The food and beverage services market is expected to benefit from rising digitalization of food services. Consumers are increasingly preferring to order food online for home deliveries.
The global food and beverage services market is expected to grow from $2.76 trillion in 2020 to $3.27 trillion in 2021 at a compound annual growth rate (CAGR) of 18.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.17 trillion in 2025 at a CAGR of 6%.
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Some food and beverage services market trends include modernizing technologies in restaurants. It improves customer satisfaction, thereby boosting restaurant sales. Many restaurants have recently begun introducing tablets on their tabletops to automate the process of ordering food as well as tipping. Apart from improving the overall dining experience, it also provides valuable data for restaurants.
Global food and beverage services market segments include:
1) By Type: Restaurants And Mobile Food Services, Bars And Cafes, Catering Services And Food Contractors.
2) By Ownership: Chain Market, Standalone Market.
3) By Pricing: High-End, Economy.
Subsegments Covered: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services, Snack And Non-alcoholic Beverage Bars, Drinking Places (Alcoholic Beverages), Food Service Contractors, Catering Services.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global food and beverage services market, accounting for 47% of the market.
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The Food And Beverage Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides food and beverage services market overviews, analyses and forecasts market size, share, food and beverage services market players, food and beverage services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The food and beverage services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Food And Beverage Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Compass Group PLC, McDonald’s, Starbucks, Marriott International, Subway.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Food And Beverage Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Food And Beverage Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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