The cafes and bars market is forecasted to grow by USD 68.8 bn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the cafes and bars market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of cafes, rising urbanization and changing consumer lifestyles, and increased snacking and indulgence consumption.
Technavio's cafes and bars market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.12%
CAGR
4.36%
Incremental Value
$68.8bn
By Product
Beverages
Food
By Type
Bars and pubs
Cafes
Specialty coffee shops
By Geographical Landscape
Europe
APAC
North America
Middle East and Africa
South America
This study identifies the demand for innovation and customization in food menus as one of the prime reasons driving the cafes and bars market growth during the next few years. Also, increase in demand for gluten-free food and rising popularity of coffee and craft beer among millennials will lead to sizable demand in the market.
The report on the cafes and bars market covers the following areas:
Cafes and bars market sizing
Cafes and bars market forecast
Cafes and bars market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cafes and bars market vendors that include Berkshire Hathaway Inc., BJs Restaurants Inc., Brinker International Inc., Caffe Nero Group Ltd, Caribou Coffee Operating Co. Inc., Coffee Day Enterprises Ltd., Doutor Coffee Co. Ltd., Ediya Co. Ltd., Inspire Brands Inc., JAB Holding Co., Jollibee Foods Corp., LUIGI LAVAZZA SpA, McDonald Corp., Red Robin Gourmet Burgers Inc., Restaurant Brands International Inc., Starbucks Corp., Stonegate Pub Co. Ltd., The Coca Cola Co., Whitbread PLC, and YUM Brands Inc.. Also, the cafes and bars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Cafes And Bars Market 2018 - 2022
Historic Market Size - Data Table on Global Cafes And Bars Market 2018 - 2022 ($ billion)