The bars and cafés industry offers alcoholic and non-alcoholic beverages and limited food services for immediate on-premise consumption. This industry includes bars, taverns, pubs, night clubs and lounges but does not include civic or social association bars, beer, wine and liquor stores and restaurants and nightclubs that do not serve alcoholic beverages.
Bars and Cafés Services Global Market Size
The global bars and cafés market was valued at $562.3 billion in 2017. South America was the largest geographic region accounting for $186.5 billion or 33.2% of the global market. Brazil was the largest country accounting for $82 billion or 14.6% of the global market.
Bars and Cafés Services Global Market Trend
Changing consumer lifestyles and rising preferences for quick, packaged and healthy beverages have led to increasing demand for ready-to-drink (RTD) products. RTD tea and other RTD products are growing rapidly in the bars and cafés industry. Companies in the market are working on launching such drinks in the market to cater to the working population. For example, in June 2016 Starbucks and Anheuser-Busch collaborated to launch Teavana Ready-to-Drink tea by 2018. Café bar and coffee shop establishments are capitalizing on rapidly growing RTD market that grew at 16% CAGR over the past five years.
The companies covered are Starbucks, Whitbread PLC, Lavazza, Buffallo Wild Wings, and Dunkin' Brands.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Bars and Cafés Services Global Market Segmentation
The bars and cafés services Market is segmented into Snack and Nonalcoholic Beverage Bars, and Drinking Places (Alcoholic Beverages).
Drinking Places (Alcoholic Beverages) includes bars, taverns, pubs, nightclubs and lounges that serve alcoholic beverages with limited food services.
Snack and Nonalcoholic Beverage Bars prepare and serve snacks and nonalcoholic beverages. This includes coffee shops, patisseries, cookie, donut, ice cream and pretzel shops and soft drink or juice beverage bars.