The Global Restaurants And Mobile Food Services Market Report by The Business Research Company covers restaurants and mobile food services market drivers and restraints, restaurants and mobile food services market size, major players, and the impact of COVID-19 on the restaurants and mobile food services market.
The restaurants and mobile food services market consists of sales of restaurants and mobile food services and related goods by entities (organizations, sole traders and partnerships) that provide food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating, provide food services to patrons who generally order or select items (e.g., at a counter, in a buffet line) and pay before eating, or prepare and/or serve a specialty snack (e.g., ice cream, frozen yogurt, cookies) and/or non-alcoholic beverages (e.g., coffee, juices, sodas) for consumption on or near the premises. This market includes revenues from sales by restaurants to a delivery service but not the revenues of the delivery service itself. The restaurants and mobile food services market is segmented into full-service restaurants, limited-service restaurants, cafeterias, grill buffets, and buffets and mobile food services.
Globalization is expected to pave the way for more joint ventures, foreign investments, global expansion and multi-national companies setting up facilities in high growth regions, thereby allowing restaurant operators to offer their cuisines to customers around the world.
The global restaurants and mobile food services market is expected to grow from $2193.94 billion in 2020 to $2619.27 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%. 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 $3331.62 billion in 2025 at a CAGR of 6%.
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Some restaurants and mobile food services market trends include establishments in the restaurant and mobile food services market promoting themselves through social media platforms as they rely heavily on recommendations and reviews. Mobile applications like GrubHub and JustEat allow customers to review, browse the menu and nutrition information, order and make reservations. Social media are enhancing customer loyalty and public reputation as customers share photos and reviews, thereby increasing awareness of restaurants.
Global restaurants and mobile food services market segments include:
1) By Type: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services.
2) By Ownership: Chain Market, Standalone Market.
3) By Pricing: High-End, Economy.
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 accounts for the largest global restaurants and mobile food services market share.
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The Restaurants And Mobile Food 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 restaurants and mobile food services market overviews, analyzes and forecasts market size, share, restaurants and mobile food services market players, restaurants and mobile food services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The restaurants and mobile food 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 Restaurants And Mobile Food 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: McDonald’s, Subway, Chick fil A, Darden Restaurants Inc, Yum China Holdings Inc.
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 restaurants and mobile food 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 restaurants and mobile food services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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