DUBLIN – (BUSINESS WIRE)–The “Report on the global bar and cafe market 2021: impact and recovery of COVID-19 until 2030” the report was added to ResearchAndMarkets.com from offer.
Major companies in the bar and cafe market include Starbucks; Whitbread PLC; Lavazza; Buffalo Wild Wings and Dunkin ‘Brands.
The global bar and cafe 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 companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that have resulted in operational challenges. The market is expected to reach $ 512.98 billion in 2025 with a CAGR of 6%.
Asia-Pacific was the largest region in the global bar and cafe market, accounting for 35% of the market in 2020. Western Europe was the second largest region with 34% of the global bar and cafe market. Africa was the smallest region in the world market for bars and cafes.
Advances in technology allow beverage service companies to provide personalized, convenient, fast and adaptable services. Cafes around the world are investing in WiFi-enabled coffeemakers capable of brewing coffee according to the user’s individual taste.
Selfiii International, a Malaysian company, has developed a printer capable of printing customers’ selfies on their coffee shop, 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 drink by introducing auto-ordering touchscreen kiosks, mobile apps for customizable orders and fast checkout, digital entertainment.
Measures taken by national governments to contain the transmission of COVID-19 have led to a decline in economic activity, countries entering a state of “ lockdown ” and the epidemic is expected to continue to negatively impact people. businesses throughout 2020 and into 2021. However, the bar and cafe market is expected to recover from the shock throughout the forecast period as this is an event ” black swan ” and not tied to permanent or fundamental weaknesses in the market or the global economy.
As the bar and cafe market is largely driven by the purchasing power of its consumers, steady gains in personal disposable income are expected to boost the industry over the forecast period. Many developed and developing countries around the world are expected to experience steady economic growth, which will translate into higher disposable incomes and subsequently higher spending on services such as bars and cafes.
Main topics covered:
2. Structure of the report
3. Characteristics of the bar and cafe market
3.1. Market definition
3.2. Key segments
4. Product Analysis of the Bars and Cafes Market
4.1. Leading products / services
4.2. Main characteristics and differentiators
4.3. Development products
5. Bar and cafe market supply chain
5.1. Supply chain
5.3. End customers
6. Information on customers of the bar and cafe market
6.1. Customer Preferences
6.2. End-use market size and growth
7. Trends and strategies in the bar and cafe market
8. Impact of COVID-19 on bars and cafes
9. Size and growth of the bar and cafe market
9.1. Market size
9.2. Historical market growth, value (in billions of dollars)
9.2.1. Market drivers
9.2.2. Market restrictions
9.3. Forecast of market growth, value (in billions of dollars)
9.3.1. Market drivers
9.3.2. Market restrictions
10. Regional analysis of the bars and cafes market
10.1. Global Bars and Cafes Market, 2020, by Region, Value (USD Billion)
10.2. Global Bar and Cafe Market, 2015-2020, 2020-2025F, 2030F, History and Forecast, by Region
10.3. Global Bars and Cafes Market, Growth and Market Share Comparison, by Region
11. Segmentation of the bars and cafes market
11.1. Global Bar and Cafe Market, Segmentation by Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
Snack bars and non-alcoholic drinks
Bars (alcoholic drinks)
11.2. Global Bar and Cafe Market, Segmentation by Property, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
11.3. Global bar and cafe market, segmentation by price, history and forecast, 2015-2020, 2020-2025F, 2030F, billion dollars
12. Market measures for bars and cafes
12.1. Market size of bars and cafes, percentage of GDP, 2015-2025, global
12.2. Average bar and cafe market expenditure per capita, 2015-2025, in the world
Wild buffalo wings
For more information on this report, visit https://www.researchandmarkets.com/r/hfevuq