Global Concession F&B Market Outlook 2024, Forecast To 2033
8 Mar, 2024
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.
Global Concession F&B Market Key Driver
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.
Get A Free Sample Of The Global Concession F&B Market ReportGlobal Concession F&B Market Segments
The concession f&b market covered in this report is segmented –
1) Type:Food, Beverage
2) Cuisine:American, European, Asian, African, Latin America
3) Application:Airports, Motorways, Railways, City Sites And Leisure, Sports Arenas, Retail Outlets
By Geography: The countries covered in the concession f&b market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the concession F&B market in 2023. The regions covered in the concession f&b market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Concession F&B Industry Players
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.
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Concession F&B Market Overview
Concession F&B refers to food and beverage services provided within a concession or a specifically designated area within a larger establishment or venue. It typically involves the leasing or contracting space by a third-party vendor to operate a food and beverage business.