DUBLIN, June 25, 2020 /PRNewswire/ -- The "Food and Beverage Services Global Market Report 2020-30: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

The global food and beverage services market is expected to decline from $3,606.1 billion in 2019 to $3,503.3 billion in 2020 at a compound annual growth rate (CAGR) of -2.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $4,290.1 billion in 2023.

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider food and beverage services market, and compares it with other markets.

The Asia-Pacific was the largest region in the global food and beverage services market, accounting for 46% of the market in 2019. North America was the second largest region accounting for 24% of the global food and beverage services market. Africa was the smallest region in the global food and beverage services market.

Organic and locally produced food is becoming increasingly popular. Consumers are willing to pay more at restaurants and cafes that serve organic and locally grown food items. Almost 45% of Americans actively try to involve organic food in their diets. In 2013, the global sales of organic food and drink reached $72 billion, with Europe and the United States driving 90 percent of the world's sales.

Companies in the food and beverage services industry are seeking to differentiate themselves by upgrading their ingredients and experimenting with healthier dishes. For example, Panera Bread and Starbucks, each known for their seasonal pumpkin spice lattes, changed their recipes in order to eliminate undesirable ingredients and meet consumer demand for healthy dishes.

Report Scope

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The food and beverage services market section of the report gives context. It compares the food and beverage services market with other segments of the hospitality market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, food and beverage services indicators comparison.

Key Topics Covered

1. Executive Summary

2. Report Structure

3. Food And Beverage Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Food And Beverage Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Food And Beverage Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Food And Beverage Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Food And Beverage Services Market Trends And Strategies

8. Food And Beverage Services Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market

9. Food And Beverage Services Market Regional Analysis
9.1. Global Food And Beverage Services Market, 2019, By Region, Value ($ Billion)
9.2. Global Food And Beverage Services Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region
9.3. Global Food And Beverage Services Market, Growth And Market Share Comparison, By Region

10. Food And Beverage Services Market Segmentation
10.1. Global Food And Beverage Services Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• Restaurants And Mobile Food Services
• Bars And Cafes
• Catering Services And Food Contractors

10.2. Global Food And Beverage Services Market, Segmentation By Ownership, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• Chain Market
• Standalone Market

10.3. Global Food And Beverage Services Market, Segmentation By Pricing, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• High-End
• Economy

11. Food And Beverage Services Market Segments
11.1. Global Restaurants And Mobile Food Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Full-Service Restaurants; Limited-Service Restaurants; Cafeterias, Grill Buffets, And Buffets; Mobile Food Services
11.2. Global Bars And Cafes Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Snack And Nonalcoholic Beverage Bars; Drinking Places (Alcoholic Beverages)
11.3. Global Catering Services And Food Contractors Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Food Service Contractors; Catering Services

12. Food And Beverage Services Market Metrics
12.1. Food And Beverage Services Market Size, Percentage Of GDP, 2015-2023, Global
12.2. Per Capita Average Food And Beverage Services Market Expenditure, 2015-2023, Global

Companies Mentioned

• Compass Group PLC
• McDonald's
• Starbucks
• Marriott International
• Subway

For more information about this report visit https://www.researchandmarkets.com/r/n2elp3

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