Press release
Bars And Cafes Market Shares, Trends 2020: Covid 19 Impact Analysis | Starbucks; Whitbread PLC; Lavazza
The global bars and cafes market is expected to decline from $450 billion in 2019 to $437.1 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 7% from 2021 and reach $520.8 billion in 2023.
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The bars and cafes market consists of sales of alcoholic beverages for immediate consumption, nonalcoholic beverages and specialty snacks for consumption on or near the premises by entities (organizations, sole traders and partnerships) including bars, taverns, nightclubs, or drinking places and fruit juice stalls, coffee shops and mobile beverage vendors that prepare and serve alcoholic beverages for immediate consumption or prepare and/or serve a specialty snack, such as ice cream, frozen yogurt, cookies, or popcorn, and/or serve nonalcoholic beverages, such as coffee, juices, or sodas for consumption on or near the premises.
Technological advances are enabling beverage serving companies to deliver customized, convenient, fast and adaptable services. Cafes around the world are investing in WiFi-enabled coffee makers that can brew coffee according to the user’s specific individual taste.
Bars And Cafes Market Segmentation: -
By Type
1. Snack And Nonalcoholic Beverage Bars
2. Drinking Places (Alcoholic Beverages)
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Bars And Cafes Market Characteristics
4. Bars And Cafes Market Product Analysis
5. Bars And Cafes Market Supply Chain
……………
19. Bars And Cafes Market Competitive Landscape
20. Key Mergers And Acquisitions In The Bars And Cafes Market
21. Market Background: Food And Beverage Services Market
22. Recommendations
23. Appendix
The report covers the trends and market dynamics of the bars and cafes 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 bars and cafes market are Starbucks; Whitbread PLC; Lavazza; Buffallo Wild Wings; Dunkin' Brands
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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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