The Restaurants And Mobile Food Services by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Restaurants And Mobile Food Services, 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.
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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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
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.
The restaurants and mobile food services market report table of contents includes:
- Executive Summary
- Restaurants And Mobile Food Services Market Characteristics
- Restaurants And Mobile Food Services Market Trends And Strategies
- Restaurants And Mobile Food Services Market - Macro Economic Scenario
- Global Restaurants And Mobile Food Services Market Size and Growth
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- Global Restaurants And Mobile Food Services Market Competitive Benchmarking
- Global Restaurants And Mobile Food Services Market Competitive Dashboard
- Key Mergers And Acquisitions In Restaurants And Mobile Food Services Market
- Restaurants And Mobile Food Services Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Darden Restaurants,
- Yum China Holdings, Inc.
- McDonald's
- Chipotle
- Zensho Holdings Co Ltd
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Restaurants And Mobile Food Services Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the restaurants and mobile food services industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected restaurants and mobile food services market growth numbers 2021-2030.
View Complete Report:https://www.thebusinessresearchcompany.com/report/restaurants-and-mobile-food-services-global-market-report-2020-30-covid-19-impact-and-recovery The Restaurants And Mobile Food Services Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global restaurants and mobile food services market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Restaurants And Mobile Food Services Global Market Report 2021 covers restaurants and mobile food services market drivers, restaurants and mobile food services market trends, restaurants and mobile food services market growth rate, restaurants and mobile food services market major players, player-adopted strategies in the market, and restaurants and mobile food services market size.The global restaurants and mobile food services market is expected to grow from $2193.94 billion in 2020 to $2619.27 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The Restaurants And Mobile Food Services Global Market Report 2020-30 by The Business Research Company describes and explains the global restaurants and mobile food services market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Restaurants And Mobile Food Services Global Market Report 2021 covers restaurants and mobile food services market drivers, restaurants and mobile food services market trends, restaurants and mobile food services market segments, restaurants and mobile food services market growth rate, restaurants and mobile food services market major players, and restaurants and mobile food services market size.
View Complete Report:https://www.thebusinessresearchcompany.com/report/restaurants-and-mobile-food-services-global-market-report-2020-30-covid-19-impact-and-recovery The restaurants and mobile food services market report provides an in-depth analysis of the impact of COVID-19 on the global restaurants and mobile food services industry, along with revised market numbers due to the effects of the coronavirus and the expected restaurants and mobile food services market growth numbers 2021-2030.Restaurants And Mobile Food Services Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=3056=smpThe global restaurants and mobile food services market is expected to grow from $2.19 trillion in 2020 to $2.61 trillion in 2021 at a compound annual growth rate (CAGR) of 19.4%.
The market is expected to reach $3.33 trillion in 2025 at a CAGR of 6%.The report covers the restaurants and mobile food services market’s segments- 1) By Type: Restaurants And Mobile Food Services, Bars And Cafes, Catering Services And Food Contractors.2) By Ownership: Chain Market, Standalone Market.3) By Pricing: High-End, Economy.Subsegments Covered: Full-Service Restaurants, Limited-Service Restaurants, Cafeterias, Grill Buffets, And Buffets, Mobile Food Services, Snack And Nonalcoholic Beverage Bars, Drinking Places (Alcoholic Beverages), Food Service Contractors, Catering Services.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
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