Cafe and Bar Food Service Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Cafe and Bar Food Service Market Trends and Forecast

The future of the global cafe and bar food service market looks promising with opportunities in the bar and pub, cafe, and specialty coffee shop markets. The global cafe and bar food service market is expected to reach an estimated $0.63 billion by 2028 with a CAGR of 11.6% from 2023 to 2028. The major drivers for this market are growing inclination towards customized and innovative cuisine among customers, increasing use of wifi-enabled coffee makers in cafes, and emergence of software platform, which combines ounch-by-ounch consumer data as well as product knowledge so as to improve staff and customer experience.

A more than 150-page report is developed to help in your business decisions.

Cafe and Bar Food Service Market by Segment

The study includes trends and forecast for the global cafe and bar food service market by product, type, and region

Cafe and Bar Food Service Market by Product [Shipment Analysis by Value from 2017 to 2028]:

• Beverages
• Food

Cafe and Bar Food Service Market by Type [Shipment Analysis by Value from 2017 to 2028]:

• Bars and Pubs
• Cafes
• Specialty Coffee Shops

Cafe and Bar Food Service Market by Region [Shipment Analysis by Value from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cafe and Bar Food Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, cafe and bar food service companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cafe and bar food service companies profiled in this report include:

• Berkshire Hathaway
• BJs Restaurants
• Brinker International
• Caffe Nero
• Caribou Coffee Operating
• Coffee Day Enterprises
• Doutor Coffee

Cafe and Bar Food Services Market Insights

• Lucintel forecasts that beverage segment is expected to witness a higher growth over the forecast period due to rising demand for specialized and premium hot drinks like coffee, growing popularity of organically sweetened beverages, and increasing interest in tropical-flavored carbonated soft drinks.
• Cafe is expected to witness the highest growth over the forecast period due to growing number of cafes in metro cities and rising trend among urban youngsters to prefer such a location as a socializing place.
• Europe is expected to witness the highest growth over the forecast period due to growing population demand for light meals and non-alcoholic beverages, increasing proportion of disposable income, and continuous economic growth in the region.

Features of the Global Cafe and Bar Food Service Market

• Market Size Estimates: Cafe and bar food service market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2017 to 2022) and forecast (2023 to 2028) by various segments and regions.
• Segmentation Analysis: Cafe and bar food service market size by various segments, such as by product, type, and region in terms of value ($B).
• Regional Analysis: Cafe and bar food service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different products, types, and regions for the cafe and bar food service market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cafe and bar food service market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the cafe and bar food service market size?
• Answer: The global cafe and bar food service market is expected to reach an estimated $0.63 billion by 2028.
• Q2.What is the growth forecast for cafe and bar food service market?
• Answer: The global cafe and bar food service market is expected to grow with a CAGR of 11.6% from 2023 to 2028.
• Q3.What are the major drivers influencing the growth of the cafe and bar food service market?
• Answer: The major drivers for this market are growing inclination towards customized and innovative cuisine among customers, increasing use of wifi-enabled coffee makers in cafes, and the emergence of software platform, which combines ounch-by-ounch consumer data as well as product knowledge so as to improve staff and customer experience.
• Q4. What are the major segments for cafe and bar food service market?
• Answer: The future of the cafe and bar food service market looks promising with opportunities in the bar and pub, cafe, and specialty coffee shop markets.
• Q5. Who are the key cafe and bar food service companies?
• Answer: Some of the key cafe and bar food service companies are as follows:
  • Berkshire Hathaway
  • BJs Restaurants
  • Brinker International
  • Caffe Nero
  • Caribou Coffee Operating
  • Coffee Day Enterprises
  • Doutor Coffee
• Q6. Which cafe and bar food service market segment will be the largest in future?
• Answer: Lucintel forecasts that beverage segment is expected to witness a higher growth over the forecast period due to rising demand for specialized and premium hot drinks like coffee, growing popularity of organically sweetened beverages, and increasing interest in tropical-flavored carbonated soft drinks.
• Q7. In cafe and bar food service market, which region is expected to be the largest in next 5 years?
• Answer: Europe is expected to witness the highest growth over the forecast period due to growing population demand for light meals and non-alcoholic beverages, increasing proportion of disposable income, and continuous economic growth in the region.
• Q8.Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the global cafe and bar food service market by product (beverages and food), type (bars and pubs, cafes, and specialty coffee shops), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?