Food And Beverage Services Market In-Depth Analysis And Future Forecast 2020 To 2030

The Business Research Company offers "Food And Beverage Services Global Market Report 2020-30: Covid 19 Impact and Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global food and beverage services market is expected to decline from $3606.1 billion in 2019 to $3503.3 billion in 2020 at a compound annual growth rate (CAGR) of -2.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $4290.1 billion in 2023.

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The food and beverage services market consists of sales of food and beverage services by entities (organizations, sole traders and partnerships) that provide meals, snacks, and beverages to customer order for immediate on-premises and off-premises consumption.

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.

Food And Beverage Services Market Segmentation:-
By Type
1. Restaurants And Mobile Food Services
2. Bars And Cafes
3. Catering Services And Food Contractors

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Food And Beverage Services Market Characteristics
4. Food And Beverage Services Market Product Analysis
5. Food And Beverage Services Market Supply Chain
......
20. Food And Beverage Services Market Competitive Landscape
21. Key Mergers And Acquisitions In The Food And Beverage Services Market
22. Market Background: Hospitality Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the food and beverage services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the food and beverage services market are Compass Group PLC; McDonald's; Starbucks; Marriott International; Subway

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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