Global Bars And Cafes Market Opportunities And Strategies For Major Players In The Bars And Cafes Market 2021-2030
20 Aug, 2021
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).
Global Bars And Cafes Market Size And Drivers:
The global bars and cafes market reached a value of nearly $335.6 billion in 2020, having declined at a compound annual growth rate (CAGR) of -2.4% since 2015. The market is expected to grow from $335.6 billion in 2020 to $513.0 billion in 2025 at a rate of 8.9%. The market is then expected to grow at a CAGR of 5.2% from 2025 and reach $659.5 billion in 2030. The increase in disposable income is expected to fuel the growth of the bar and cafe market in the coming years.
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Trends In The Global Bars And Cafes Market
Companies in the bars and cafés market are increasingly using beverage-top media a beverage marketing technology that prints high-resolution messages on coffee, beer, and other foam-based drinks. For instance, Café de Flore, a coffee house in Italy is using this beverage-top media technology to print messages or images as per consumers’ requirement on their coffee, and Carrera café, a Los Angeles-based café is also using the technology. Moreover, World of Beer, a US-based Bar Chain company is using the beverage marketing platform to serve a beer with a personalized message.
Global Bars And Cafes Market Segments:
The global bars and cafes market is further segmented based on type, ownership, pricing and geography.
By Type: Snack And Nonalcoholic Beverage Bars, Drinking Places (Alcoholic Beverages)
By Ownership: Chain Market, Standalone Market
By Pricing: High-End, Economy
By Geography: The global bars and cafes market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the bars and cafes market, accounting for 34.7% of the total in 2020.
Read More On The Report For The Global Bars And Cafes Market At:https://www.thebusinessresearchcompany.com/report/bars-and-cafes-market
Bars And Cafes Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides bars and cafes market overviews, analyzes and forecasts market size and growth for the global bars and cafes market, bars and cafes market share, bars and cafes market players, bars and cafes market segments and geographies, bars and cafes market’s leading competitors’ revenues, profiles and market shares. The bars and cafes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.