IMARC Group Provides In-Depth Restoration Analysis covering market trends, investment opportunities, growth trends, statistics and industry outlook. The report offers a comprehensive analysis of the industry, which includes information on the size, share, trends, analysis, growth, demand, statistics and overview of the restaurant market. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report. The market is segmented by size and region. The report provides an analysis of the main trends in each sub-segment of the market, as well as forecasts at the global and regional levels from 2022 to 2027. The report also includes the competitive landscape of the main key industry players as well as emerging trends on the market.
Informed covered in report:
- Historical market data from 2016 to 2021
- Market CAGR over the forecast period 2022-2027
- Detailed information on the factors that will drive the growth of the market over the next five years
- Accurate estimation of the size of the Keyword Market and its contribution to the parent market
- Upcoming Market Trends and Changes in Consumer Behavior
- An in-depth analysis of the market competitive landscape and in-depth information on major players
- Comprehensive details of factors that will challenge the growth of the Smart Meters Market-leading players
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The global restaurant market reached a value of US$2.75 trillion in 2021. Restaurant refers to the sale of beverages and prepared foods for take-out, immediate consumption or home delivery. It can be categorized into commercial and non-commercial segments including fast food restaurants, night clubs, catering, outlets operating in the premises of infirmaries, schools, organizations, etc. Restoration can also be segmented in terms of operating system, such as conventional systems, centralized systems, off-the-shelf systems, etc. It ensures real-time and nutritious food supply and comes in handy for people who have a fast-paced lifestyle. Therefore, food service is widely used in various establishments including education, hospitals, government, etc., and by consumers in general.
Catering market trends:
Growing number of working professionals and growing need for personalized food menus in educational institutions, administrative offices, healthcare facilities, etc., are some of the major factors driving the catering market. Furthermore, the growing demand for hassle-free and hygienic foods among the Gen-Y population is also positively influencing the growth of the market. In addition, the increasing number of cafes and restaurants that provide excellent socializing space for teenagers, young employees and families acts as another important growth factor. Additionally, the development of online food delivery channels and the launch of gluten-free products, home-cooked meals, low-fat beverages, etc., are expected to drive the restaurant market in the coming years. Looking ahead, IMARC Group expects the restaurant market to reach US$3.629 billion by 2027, growing at a CAGR of 3.85% over the period 2022-2027.
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Like the new coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Breakdown by sector:
Breakdown by systems:
- Conventional restoration system
- Centralized catering system
- Ready-to-use food service system
- Assemblage-Service Food Service System
Breakdown by type of restaurant:
- Fast food
- Full-service restaurants
- Limited service restaurants
- Special food service restaurants
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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