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Exploring the Future of the Restaurants and Mobile Food Services Market: In-Depth Research Report Anticipates Growth Trends and Their Impact on Business Revenue Through 2023-2032 || Darden Restaurants, Yum China Holdings Inc., McDonald's, Chipotle
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Restaurants And Mobile Food Services Global Market Report 2023 identifies globalizationis the major driver for the restaurants and mobile food services market's growth in the forecast period. Globalization is expected to pave the way for more joint ventures, foreign investments, global expansion, and multi-national companies setting up facilities in high-growth regions, thereby allowing restaurant operators to offer their cuisines to customers around the world. Globalization is also making it easier for restaurants to procure exotic ingredients and hence provide a more sophisticated and wider variety of dishes to their customers, thereby giving restaurants an opportunity to compete globally.
The global restaurants and mobile food services market grew from $2854.83 billion in 2022 to $3025.55 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The restaurants and mobile food services market is expected to grow to $3790.29 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the restaurants and mobile food services market include Darden Restaurants, Yum China Holdings Inc., McDonald's, Chipotle, Berkshire Hathaway Inc., Subway; Zensho Holdings Co Ltd., Chick-fil-A, Brinker International, Bloomin' Brands.
A key trend in the restaurants and mobile food services market rely heavily on recommendations and reviews. Therefore, restaurants are promoting themselves through social media platforms. Mobile applications like GrubHub and JustEat allow customers to review, browse the menu and nutrition information, order and make reservations. Social media is enhancing customer loyalty and public reputation as customers share photos and reviews, thereby increasing awareness of restaurants. For example, restaurants are adopting live streaming restaurant videos to engage their online followers and interact with them. Social media is expected to be a significant driver of the restaurants and mobile food services industry.
Read More On The Global Restaurants And Mobile Food Services Market Report Here: https://www.thebusinessresearchcompany.com/report/restaurants-and-mobile-food-services-global-market-report
The restaurants and mobile food services market is segmented -
1) By Type: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services
2) By Ownership: Chain Market, Standalone Market
3) By Pricing: High-End, Economy
4) By Service Type: Online Booking, Offline Booking
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the restaurants and mobile food services market.
The Business Research Company's "Global Restaurants And Mobile Food Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Restaurants And Mobile Food Services Market Include:
1. Executive Summary
2. Restaurants And Mobile Food Services Market Characteristic
3. Restaurants And Mobile Food Services Market Trends And Strategies
4. Restaurants And Mobile Food Services Market - Macro Economic Scenario
5. Restaurants And Mobile Food Services Market Size And Growth
……………
27. Restaurants And Mobile Food Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Restaurants And Mobile Food Services Market
29. Restaurants And Mobile Food Services Market Future Outlook And Potential Analysis
30. Appendix
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