Press release
Global Concession F&B Market 2023 Production Analysis, Future Demand, Latest Trends And Forecast To 2032 | Major Players Are Nestlé S.A., PepsiCo, Bunge, Mars, The Coca-Cola Company
Concession F&B Market
The Business Research Company's Concession F&B Global Market Report 2023 identifies rise of the leisure and tourist industries as the major driver for the Concession F&B Market's growth in the forecast period. The leisure and tourist industry encompasses businesses and services that cater to the needs and desires of leisure travelers and tourists. Concession F&B plays a vital role in the leisure and tourist industries by providing food and beverage services to travelers and tourists at various destinations and attractions. Concession F&B within the leisure and tourist industries is essential for enhancing visitors' satisfaction and overall enjoyment.
The global concession F&B market is expected to grow from $28.31 billion in 2022 to $29.9 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 concession F&B market is expected to reach $36.36 billion in 2027 at a CAGR of 5%.
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Major competitors in the concession F&B market are Nestlé S.A., PepsiCo, Bunge, Mars, The Coca-Cola Company, Olam International, Mondelez International Inc, Smithfield Foods/WH Group, Kraft Heinz Company, General Mills, Royal FrieslandCampina, Arla Foods, China Mengniu Dairy Company, Keurig Dr Pepper, ConAgra Brands, The Hershey Co, Paradies Lagardère, Elior Group, Autogrill, Lagardère Travel Retail Group, Delaware North Companies Inc., SSP Group plc, HMSHost, Emirates Leisure Retail, OTG Management LLC, DreamFolks Services Limited, Creative Food Group LLC, Plaza Premium Group, Areas Worldwide, and MarketPlace Development.
A key trend in the Concession F&B Market includes Innovative technology. Major companies operating in the concession F&B market are focused on developing innovative technologies to sustain their position in the market. For instance, in October 2022, Aramark, a US-based food company, introduced AI Self-Checkout and digital age verification at arena concessions. These technologies will be available in a new Drink Mkt at Capital One Arena and the Canadian Tire Centre's Drink Mkt and Walk Thru Bru locations. Additionally, fans at AT&T Center can order cocktails via automated bars using facial recognition technology once registered with a valid government-issued ID.
Read More On The Global Concession F&B Market Report Here:
https://www.thebusinessresearchcompany.com/report/concession-f-and-b-global-market-report
The Concession F&B Market is segmented -
By Type: Food, Beverage
By Cuisine: American, European, Asian, African, Latin America
By Application: Airports, Motorways, Railways, City Sites And Leisure, Sports Arenas, Retail Outlets
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Concession F&B Market.
The Business Research Company's "Global Concession F&B 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 Concession F&B Market Include:
1. Executive Summary
2. Concession F&B Market Characteristics
3. Concession F&B Market Trends And Strategies
4. Concession F&B Market - Macro Economic Scenario
5. Global Concession F&B Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Concession F&B Market Competitive Benchmarking
33. Global Concession F&B Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Concession F&B Market
35. Concession F&B Market Future Outlook and Potential Analysis
36. Appendix
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