Global Cafes and Bars Market Growth (Status and Outlook) 2023-2029

Global Cafes and Bars Market Growth (Status and Outlook) 2023-2029

A café or coffeehouse is a small restaurant serving coffee, beverages, and light meals.

LPI (LP Information)' newest research report, the “Cafes and Bars Industry Forecast” looks at past sales and reviews total world Cafes and Bars sales in 2022, providing a comprehensive analysis by region and market sector of projected Cafes and Bars sales for 2023 through 2029. With Cafes and Bars sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cafes and Bars industry.

This Insight Report provides a comprehensive analysis of the global Cafes and Bars landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cafes and Bars portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cafes and Bars market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cafes and Bars and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cafes and Bars.

The global Cafes and Bars market size is projected to grow from US$ 303910 million in 2022 to US$ 390100 million in 2029; it is expected to grow at a CAGR of 3.6% from 2023 to 2029.

The latest trend gaining momentum in the market is the demand for innovation and customization in food menus. Customers, at present, are looking for a combination of food with new and bold flavor blends. The demand for innovative and exotic foods comes mainly from the millennials. In addition, they are looking for options to customize their meals based on their daily calorie intake. One of the major drivers for this market is the increasing number of cafes. The growing concept of socializing at cafes among the urban youth is expected to drive the market during the forecast period. According to the United Nations, in 2014, over 54% of the world population lived in the urban areas. The growth in the influx of people to urban areas and a substantially large white-collared demographic have brought out an increase in the number of foodservice outlets. Varied tastes and preferences for different types of premium coffee have further led to the emergence of specialty coffee shops. Leading cafe chains such as Starbucks, Costa Coffee, and Dunkin' Brands are opening their outlets in many developing economies of Asia and South America.

This report presents a comprehensive overview, market shares, and growth opportunities of Cafes and Bars market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Beverages
Food

Segmentation by application
Bars and Pubs
Cafés
Specialty Coffee Shops

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Dunkin' Brands
McDonald’s
Restaurant Brands International
Starbucks
Whitbread

Please note: The report will take approximately 2 business days to prepare and deliver.