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The concession f&b market has demonstrated strong growth, increasing from $29.9 billion in 2023 to $31.55 billion in 2024, with a CAGR of 5.5%. This growth is attributed to consumer demand for convenience and the growth of the entertainment and leisure industry. Looking ahead, the market is expected to continue growing strongly, reaching $38.37 billion in 2028, with a CAGR of 5.0%. Factors driving this growth include the integration of entertainment and dining and sustainability initiatives. Major trends in the forecast period include hybrid dining experiences and contactless transactions.

The concession F&B market is poised for growth due to the rise of the leisure and tourist industries, which cater to the needs of travelers seeking relaxation and enjoyment. Concession F&B services play a crucial role in enhancing visitor satisfaction at various destinations and attractions. The World Travel & Tourism Council reported a significant contribution to global GDP by the travel and tourism sector, indicating substantial growth in leisure and tourist activities. Consequently, the expansion of the leisure and tourist industries is expected to drive the concession F&B market.

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What Are The Key Trends That Influence Concession F&B Market Share Analysis?

Innovative technology is increasingly popular in the concession food and beverage (F&B) market, with major companies focusing on technological advancements to maintain their market position. For instance, in October 2022, Aramark, a US-based food company, introduced AI Self-Checkout and digital age verification at arena concessions. These technologies are available at new Drink Mkt locations in Capital One Arena and the Canadian Tire Centre’s Drink Mkt and Walk Thru Bru areas. Additionally, fans at AT&T Center can order cocktails through automated bars using facial recognition technology once registered with a valid government-issued ID.

Which Market Players Are Driving Growth In The Concession F&B Market?

Major companies operating in the market are Nestlé S.A., PepsiCo, Bunge, Mars, The Coca-Cola Company, Olam International, Mondelez International Inc, Smithfield Foods/WH Group, Kraft Heinz Company, General Mills, Royal FrieslandCampina, Arla Foods, China Mengniu Dairy Company, Keurig Dr Pepper, ConAgra Brands, The Hershey Co, Paradies Lagardère, Elior Group, Autogrill, Lagardère Travel Retail Group, Delaware North Companies Inc., SSP Group plc, HMSHost, Emirates Leisure Retail, OTG Management LLC, DreamFolks Services Limited, Creative Food Group LLC, Plaza Premium Group, Areas Worldwide, MarketPlace Development.

How Is The Global Concession F&B Market Segmented?

The concession f&b market covered in this report is segmented –

1) By Type: Food, Beverage
2) By Cuisine: American, European, Asian, African, Latin America
3) By Application: Airports, Motorways, Railways, City Sites And Leisure, Sports Arenas, Retail Outlets

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The Concession F&B Global Market Report 2024 provides an overview of the concession f&bmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The concession f&b market forecast analyzes concession f&b market size, concession f&b market share, leading competitor and their market positions.

The Table Of Content For The Concession F&B Market Include

1. Concession F&B Market Executive Summary
2. Concession F&B Market Segments
3. Concession F&B Market Size And Template Market Growth Rate
4.  Key Concession F&B Market Trends
5. Major Concession F&B Market Drivers
……
25. Key Mergers And Acquisitions In The Concession F&B Market
26. Top Concession F&B Companies
27. Concession F&B Market Opportunities And Strategies
28. Concession F&B Market, Conclusions And Recommendations
29. Appendix

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