Café market is Thriving Worldwide with Surprising Transition|Dunkin Donuts, LLC, McCafé, Barista Coffee Shop, Whitbread plc

“According to the India Brand Equity Foundation (IBEF), in 2016, the gross merchandise value (GMV) of online food industry was US$ 300 million and grew at 150% year-on-year.”

Changing lifestyle of consumer results in increasing beverage-based outlets such as Chocolate café, Juice/Smoothie cafe, and Liquor café. Increasing coffee consumption is driving growth of this market. According to the International Coffee Organization (ICO), the global consumption of coffee was 151.7 million bags in 2014-2015 and it increased up to 158.9 million bags in 2017-2018.

A detailed study accumulated to offer Latest insights about acute features of the Cafe market. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

Key Players:-
Key players operating in the café market include Dunkin Donuts, LLC, McCafé, Barista Coffee Shop, Whitbread plc, Restaurant Brands International Inc., Costa Coffee, Vogue Café, Café Florian, and others

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Key players in the café market are focusing on mergers & acquisitions, product launches, and partnerships and collaborations to gain strong foothold in the Europe Café market. For instance, in April 2019, Zorambo Hogareno restaurant announced investment of $50 million to set up 200 premium café outlets under Zorambo brand in the U.K., Germany, Ireland, Singapore, and India within four years. According to the company officials, the company has applied for caféteria, caftaurant, and restaurant format patent in the U.K.

Among region, Europe is expected to generate significant market share in terms of revenue in the global café market, owing to increasing demand for coffee in the region. According to the Center for the Promotion of Imports (CBI) and Ministry of Foreign Affairs, Europe accounted for around 30% of the global coffee consumption market in 2016. Furthermore, increasing specialty coffee shops, owing to changing consumer preference towards specialty coffee, is expected to aid in the café market growth. According to the CBI and Ministry of Foreign Affairs, specialty coffee shops was the fastest growing category in 2016 in this region and increased to 9.1% from 2014 to 2015.

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Among region, Asia Pacific is expected to be a lucrative market for cafés over the forecast period. This is attributed to increasing expansion by established brands in India. For instance, in February 2019, Tata Starbucks, a joint venture between Starbucks Coffee (U.S.) and Tata Global Beverages, planned to open more 10 café stores by the end of the year in India.

Region Covered by Report:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
• Micro-economic indicators
• Macro-economic indicators
• Environmental indicators
• Socio-political indicators
• Technology indicators

The café market report gets rid of the following queries:
1. Which end use has the highest rate of consumption and why?
2. Which regions are the café market players targeting to gain a competitive edge?
3. What is the growth forecast of the global café market in region?
4. What is the Y-o-Y growth rate of the global café market?

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This release was published on openPR.