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Food And Beverage Services Global Market Report 2018

Food And Beverage Services Global Market Report 2018

  • February 2018
  • 250 pages
  • ID: 4280985

Summary

Table of Contents

The food and beverage services industry comprises businesses that provide meals, snacks, and beverages to customers. This industry includes restaurants and mobile food services, catering, beverage serving providers and other food and beverage services.

Companies in this industry are mainly restaurants, cafes, coffee shops, fast food outlets, catering services, pubs and bars, food service contractors and mobile food services. The food and beverage services market in this report is segmented into restaurants and mobile food services, catering and food contractors and bars and cafes.

Asia Pacific was the largest region in the food and beverage services market in 2017, accounting for 48% market share. This was mainly due to increasing economic4 activity, urbanization, busy lifestyles, rising disposable income and the growing middle-class population in the region led to increase in the demand for restaurants, cafes and bars.

North America was the second largest region accounting for 21% market share. Eastern Europe was the smallest region accounting for 1% market share.

Organic and locally produced food is becoming increasingly popular. Consumers are willing to pay more at restaurants and cafes that serve organic and locally grown food items.

Almost 45% of Americans actively try to involve organic food in their diets. In 2013, the global sales of organic food and drink reached $72 billion, with Europe and the United States driving 90 percent of the world’s sales. Companies in the food and beverage services industry are seeking to differentiate themselves by upgrading their ingredients and experimenting with healthier dishes. For example, Panera Bread and Starbucks, each known for their seasonal pumpkin spice lattes, changed their recipes in order to eliminate undesirable ingredients and meet consumer demand for healthy dishes.

Please note: this report requires certain updates. We have all the information available but require 3 working days business days to complete the process and ensure it is as up-to-date as possible.


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