Key Influencer in the Concession F&B Market 2025: The Symbiotic Growth Of Concession F&B With The Booming Leisure And Tourist Industries Driver

What combination of drivers is leading to accelerated growth in the concession f&b market?
The upliftment of the leisure and tourist sectors is anticipated to catalyze the expansion of the concession F&B market in the future. The scope of these sectors includes businesses and amenities that meet the demands and preferences of leisure-based travelers and tourists. Concession F&B constitutes an integral part of these sectors by dispensing food and drink facilities to tourists and travelers at multiple locations and tourist spots. It is of paramount importance in the said industries to augment visitor gratification and overall pleasure. To illustrate, in May 2023, as per the World Travel & Tourism Council (WTTC), a travel entity based in the UK, the travel and tourism field contributed to 7.6% of the global GDP in 2022, marking an augmentation of 22% from 2021. Hence, the upsurge of the leisure and tourist sectors will pave the way for the expansion of the future concession F&B market.

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What is the projected compound annual growth rate (CAGR) of the concession f&b market from 2025 to 2034, and what factors influence it?
Over the past few years, there has been a significant increase in the size of the concession food and beverage market. It is projected to expand from $31.55 billion in 2024 to $33.26 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. Factors such as consumer demand for convenience, expansion of the entertainment and leisure industry, development of event and venue infrastructure, improvement in marketing strategies, and changes in regulation and licensing policies have contributed to this growth experienced in the historical period.

The size of the concession Food & Beverage market is projected to witness robust growth in the upcoming years, expanding to a whopping $40.6 billion by 2029, growing at a compounded annual rate of 5.1%. The factors influencing the growth during this projected period include integration of both entertainment and dining, diversification to non-traditional venues, emphasis on inclusivity, ecological sustainability initiatives, and a strong shift towards personalization and customization. Some major trends set to shape this period are hybrid dining experiences, contactless transactions, the introduction of virtual menus, gourmet and premium food choices, and fusion foods blending different cultural and global flavors.

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What new trends are reshaping the concession f&b market and its opportunities?
The concession Food & Beverage market is currently seeing a significant trend with the emergence of innovative technology. To maintain their market standing, leading businesses in this sector are investing in the creation of these novel technologies. For instance, Aramark, a food company hailing from the US, launched AI Self-Checkout and digital age confirmation in their arena concessions in October 2022. These advancements will be implemented in the new Drink Mkt venue at the Capital One Arena, as well as the Drink Mkt and Walk Thru Bru sites at the Canadian Tire Centre. Moreover, patrons at AT&T Center will have the option to order cocktails from automated bars using facial recognition technology, provided they have registered with a legitimate government-issued ID.

What are the major segments of the concession f&b market and their role in driving growth?
The concession f&b market covered in this report is segmented -

1) By Type: Food, Beverage
2) By Cuisine: American, European, Asian, African, Latin America
3) By Application: Airports, Motorways, Railways, City Sites And Leisure, Sports Arenas, Retail Outlets

Subsegments:
1) By Food: Snacks, Fast Food, Confectionery, Frozen Foods, Meal Kits
2) By Beverage: Soft Drinks, Alcoholic Beverages, Coffee And Tea, Bottled Water, Energy Drinks

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Which regions are key players in the growth of the concession f&b market?
Asia-Pacific was the largest region in the concession F&B market in 2024. The regions covered in the concession F&B market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the concession f&b market?
Major companies operating in the concession f&b market include Nestlé S.A., PepsiCo, 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, MarketPlace Development.

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What Is Covered In The Concession F&B Global Market Report?

• Market Size Forecast: Examine the concession f&b market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the concession f&b market for a structured understanding.
• Key Players Overview: Analyze major players in the concession f&b market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the concession f&b market.
• Segment Contributions: Evaluate how different segments drive overall growth in the concession f&b market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the concession f&b market.
• Industry Challenges: Identify potential risks and obstacles affecting the concession f&b market.
• Competitive Landscape: Review strategic developments in the concession f&b market, including expansions, agreements, and new product launches.

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