Restaurants And Mobile Food Services Global Market To Reach Value Of About $3.33 Trillion In 2025

The restaurants and mobile food services market consists of sales of restaurants and mobile food services and related goods by entities (organizations, sole traders and partnerships) that provide food services to patrons who order and are served while seated (i.e., waiter/waitress service) and pay after eating, provide food services to patrons who generally order or select items (e.g., at a counter, in a buffet line) and pay before eating, or prepare and/or serve a specialty snack (e.g., ice cream, frozen yogurt, cookies) and/or nonalcoholic beverages (e.g., coffee, juices, sodas) for consumption on or near the premises. This market includes revenues from sales by restaurants to a delivery service but not the revenues of the delivery service itself.

Global Restaurants And Mobile Food Services Market Size And Drivers:

The global restaurants and mobile food services market is expected to grow from $2.19 trillion in 2020 to $2.61 trillion in 2021 at a compound annual growth rate (CAGR) of 19.4%. The market is expected to reach $3.33 trillion in 2025 at a CAGR of 6%. Rise in globalization is likely to boost investments and consequentially drive the market going forward.

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Trends In The Global Restaurants And Mobile Food Services Market

Establishments in the restaurant and mobile food services market rely heavily on recommendations and reviews, therefore restaurants are promoting themselves through social media platforms. Mobile applications like GrubHub and JustEat allow customers to review, browse the menu and nutrition information, order and make reservations. Social media are enhancing customer loyalty and public reputation as customers share photos and reviews, thereby increasing awareness of restaurants.

Global Restaurants And Mobile Food Services Market Segments:
The global restaurants and mobile food services market is further segmented based on type, ownership, pricing and geography.
By Type: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services.
By Ownership: Chain Market, Standalone Market.
By Pricing: High-End, Economy.
By Geography: The global restaurants and mobile food services 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 global restaurants and mobile food services market, accounting for 51% of the market.

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Restaurants And Mobile Food Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides restaurants and mobile food services market overviews, analyzes and forecasts market size and growth for the global restaurants and mobile food services market, restaurants and mobile food services market share, restaurants and mobile food services market players, restaurants and mobile food services market segments and geographies, restaurants and mobile food services market’s leading competitors’ revenues, profiles and market shares. The restaurants and mobile food services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.