Horeca Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Horeca Market size accounted for USD 12.41 Billion in 2023, growing at a CAGR of 6.47% from 2023 to 2033. Horeca is a term used to collectively refer to the food service industry, encompassing hotels, restaurants, and catering establishments. The term is an acronym derived from the initial letters of these three segments. Horeca businesses involve the preparation and serving of food and beverages to customers, ranging from small cafes and fast-food outlets to upscale restaurants and large-scale catering services for events or institutions. The Horeca sector plays a significant role in the hospitality and culinary industries, contributing to the overall dining and hospitality experience for consumers.
The Horeca market is primarily driven by increasing consumer demand for diverse dining experiences, convenience, and culinary innovation. Additionally, factors like urbanization, rising disposable incomes, and a growing preference for eating out contribute to the market's growth.

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Key Highlights:
• The global Horeca Market size was valued at USD 12.41 billion in 2023 growing at a CAGR of 6.47% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Horeca Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.

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Key Players
Some of the major Horeca Market players holding high market shares include McDonald's, Yum! Brands, Starbucks, Compass Group, Domino's Pizza. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• McDonald's
• Yum! Brands
• Starbucks
• Compass Group
• Domino's Pizza
• Whitbread
• Darden Restaurants
• Sodexo
• Restaurant Brands International
• Sysco Corporation

Segmental Analysis
Market Segment By Type
• Single outlet
• HoReCa chain
Market Segment By Service Type
• Restaurants
• Hotels
• Cafes and pubs

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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