Learn about the global bars and cafes market through The Business Research Company, which provides information on bars and cafes market size, bars and cafes market drivers and restraints, bars and cafes market players, the COVID-19 impact on the bars and cafes market, and more.

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The global bars and cafes market is expected to grow from $335.55 billion in 2020 to $403.8 billion in 2021 at a compound annual growth rate (CAGR) of 20.3%. 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 $512.98 billion in 2025 at a CAGR of 6%.

The rise in purchasing power with the economic growth is expected to drive the bars and cafés market in the forecast period.

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The bars and cafes market consists of sales of alcoholic beverages for immediate consumption, nonalcoholic beverages and specialty snacks for consumption on or near the premises by entities (organizations, sole traders and partnerships) including bars, taverns, nightclubs, or drinking places and fruit juice stalls, coffee shops and mobile beverage vendors that prepare and serve alcoholic beverages for immediate consumption or prepare and/or serve a specialty snack, such as ice cream, frozen yogurt, cookies, or popcorn, and/or serve nonalcoholic beverages, such as coffee, juices, or sodas for consumption on or near the premises.

Global bars and cafes market segments include:

By Type: Snack And Non-alcoholic Beverage Bars, Drinking Places (Alcoholic Beverages)

By Ownership: Chain Market, Standalone Market

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 was the largest region in the global bars and cafes market, accounting for 35% of the market in 2020.

Technological advances are enabling beverage serving companies to deliver customized, convenient, fast and adaptable services. Cafes around the world are investing in WiFi-enabled coffee makers that can brew coffee according to the user’s specific individual taste. Selfiii International, a Malaysian company, developed a printer that can print selfies of customers onto their coffee, making the coffee experience more personal, thereby increasing sales. Bars, taverns and nightclubs are also increasingly offering technology-driven solutions and services. They are innovating the way customers order and pay for food and drinks by introducing self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment, digital entertainment.

TBRC’s bars and cafes market report covers:

Major Market Players: Starbucks, Whitbread PLC, Lavazza, Buffallo Wild Wings, Dunkin’ Brands.

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)

The Bars And Cafes 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 bars and cafes market overviews, analyses and forecasts market size, share, bars and cafes market players, bars and cafes market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s bars and cafes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Restaurants And Mobile Food Services Global Market Report 2021

Non Alcoholic Beverages Global Market Report 2021

Alcoholic Beverages Global Market Report 2021

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