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Home>Global Cafes and Bars Market 2017-2021: Growing Demand For Innovation & Customization - Research and Markets

Global Cafes and Bars Market 2017-2021: Growing Demand For Innovation & Customization - Research and Markets

Global Cafes and Bars Market 2017-2021: Growing Demand For Innovation & Customization - Research and Markets

10/04/2017

Global Cafes and Bars Market 2017-2021: Growing Demand For Innovation & Customization - Research and Markets

The "Global Cafes and Bars Market 2017-2021" report has been added to Research and Markets' offering.

The global cafes and bars market is forecast to grow at a CAGR of 7.59% during the period 2017-2021.

The report, Global Cafes and Bars Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the demand for innovation and customization in food menus. Customers, at present, are looking for a combination of food with new and bold flavor blends. The demand for innovative and exotic foods comes mainly from the millennials. In addition, they are looking for options to customize their meals based on their daily calorie intake.

One of the major drivers for this market is the increasing number of cafes. The growing concept of socializing at cafes among the urban youth is expected to drive the market during the forecast period. According to the United Nations, in 2014, over 54% of the world population lived in the urban areas. The growth in the influx of people to urban areas and a substantially large white-collared demographic have brought out an increase in the number of foodservice outlets. Varied tastes and preferences for different types of premium coffee have further led to the emergence of specialty coffee shops. Leading cafe chains such as Starbucks, Costa Coffee, and Dunkin' Brands are opening their outlets in many developing economies of Asia and South America.

Key vendors

  • Dunkin' Brands
  • McDonald's
  • Restaurant Brands International
  • Starbucks
  • Whitbread

Other prominent vendors

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