Hospitality

Global Food And Beverage Services Market Outlook, Opportunities And Strategies

December 20, 2021 by The Business Research Company

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

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The global food and beverage services market is expected to grow from $3,232.94 billion in 2021 to $3,678.61 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The growth in the food and beverage services market 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 food and beverage services market is expected to reach $5,235.52 billion in 2026 at a CAGR of 9.2%.

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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.

Global food and beverage services market segments include:

By Type: Restaurants And Mobile Food Services, Bars And Cafes, Catering Services And Food Contractors

By Ownership: Chain Market, Standalone Market

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 was the largest region in the global food and beverage services market, accounting for 47% of the market in 2020.

Modernizing technologies in restaurants 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.

TBRC’s food and beverage services market report covers:

Major Market Players: 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)

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, leading competitor revenues, profiles and market shares.

TBRC’s food and beverage services 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

Bars And Cafes Global Market Report 2021

Catering Services And Food Contractors Global Market Report 2021

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