Restaurants And Mobile Food Services Market Report 2024 - Analysis, Competition, Forecasts And Opportunities, 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Restaurants And Mobile Food Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3896.75 billion In 2028 At A CAGR Of 5.7% :

The restaurants and mobile food services market size has grown steadily in recent years. It will grow from $2973.89 billion in 2023 to $3119.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the rising demand for fast foods, increased spending on dining out and the influence of digital media marketing and social media.

The restaurants and mobile food services market size is expected to see strong growth in the next few years. It will grow to $3896.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to the increasing demand for online food delivery services, the rising population, the rising urbanization and the changing consumer preferences. Major trends in the forecast period include focus on autonomous delivery systems, quick-service restaurants (qsrs), robot-based restaurants, cloud-based technology, internet of things (iot), sustainability and partnerships and acquisitions.

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Restaurants And Mobile Food Services Market Major Segments
The restaurants and mobile food services market covered in this report 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

Key Driver - Expanding Global Reach And Enhancing Competitiveness

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. Furthermore, globalization has increased the number of potential vendors for restaurants, lowering the bargaining power of suppliers and thus helping the bottom line. For example, McDonald's is produced in many countries and has franchises around the world. It invests and supports initiatives to adapt its products and services to different locales to ensure its global brand. This rise in globalization is likely to boost investments and consequentially drive the market going forward.

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Prominent Trend - Social Media's Influence On Restaurants And Mobile Food Services

Establishments in the restaurant and mobile food service 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 restaurant and mobile food services industry.

Restaurants And Mobile Food Services Market Players
Major companies operating in the restaurants and mobile food services market report are Darden Restaurants, Yum China Holdings, Inc., McDonald's, Chipotle, Zensho Holdings Co Ltd, Subway, Chick-fil-A, Berkshire Hathaway Inc., Bloomin' Brands, Brinker International, Qummy, Bomra's, Mimi Kakushi, Orfali Bros Bistro, GrowFood, Live Menu, Zuma, Olympic Oils Limited, PedidosYa, iFood, LPM Restaurant & Bar, Wasabi by Morimoto, Burger King, MenuDino, The Table, Flair Rooftop, Masque, Bon Bon Buddies Ltd, Gaia, LanTing Restaurant, Salon de Ville, Bartello, Interfood Technology Ltd, Il Borro Tuscan Bistro, Broniboy, Club Dominó, Uber Eats, The Handmade Cake Company Limited, Cut by Wolfgang Puck, Just Eat, YICAFE at Pudong Shangri-La, KFC, Deliveroo, La Vita è Bella, Reif Kushiyaki, Performance Food, Catery, Cracker Barrel Old Country Store, The Abergavenny Fine Foods Company, 3 Fils, Shanghai Haidilao Hot Pot, Pizza Express, Iiko, Jin Xuan Chinese Restaurant, Welldone, Restaurant Brands International Inc., Amazonico, Fiona Cairns Limited

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the restaurants and mobile food services market in 2023. North America was the second largest region in the restaurants and mobile food services market. The regions covered in the restaurants and mobile food services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Restaurants And Mobile Food Services Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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