Global Bars And Cafes Market Opportunities And Strategies – Forecast To 2030 – Includes Bars And Cafes Market Size
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The increase in disposable income is expected to fuel the growth of the bars and cafes market in the coming years, as per The Business Research Company’s bars and cafes market opportunities and strategies report.
The bars and cafes market is expected to grow from $335.6 billion in 2020 to $513.0 billion in 2025 at a rate of 8.9%. The bars and cafes market is then expected to grow at a CAGR of 5.2% from 2025 and reach $659.5 billion in 2030.
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Major players in the bars and cafes market include Starbucks, Restaurant Brands International Inc., Buffallo Wild Wings, Dukins, McCafé.
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.
The Global Bars And Cafes Market Is Segmented:
By Type: Snack And Nonalcoholic Beverage Bars, Drinking Places (Alcoholic Beverages)
By Ownership: Chain, Standalone
By Pricing: Premium, Economy
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
TBRC’s Bars And Cafes Market Report Covers:
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 (2016-21) and ten years forecast (2022-2026-2031)
The Bars And Cafes Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough bars and cafes market research, analyzes and forecasts bars and cafes market size, bars and cafes market share, bars and cafes market players, bars and cafes market trends, bars and cafes market segmentation 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.
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. The bars and cafes market is segmented into snack and nonalcoholic beverage bars and drinking places (alcoholic beverages).
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