Market Size of Global Cafe and Bars Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.06 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cafe and Bars Market Analysis
The global café and bars market is projected to register a CAGR of 4.06% during the forecast period, 2022-2027.
The market for cafes and bars is expanding primarily as a result of the rise in cafés offering authentic snacks with a variety of beverages. Other factors, such as the increasing consumption of alcoholic beverages such as tequila, whiskey, and cognac, are majorly attributed to the growth of the cafe and bar market globally. Nowadays, café owners are inclined towards a pleasant ambiance café which consists of playing soft music, well decked up staff, innovative theme decoration as new generation visits Insta-friendly cafes in order to enjoy the ambiance along with the food. With the ever-increasing adoption of foreign cultures, manufacturers are opening various new cafes and bars globally with authentic foods and beverages. For instance, in March 2022, Tesco inaugurated a new pop-up cafe in London. The cafe provides breakfast, afternoon tea, and five-course meals, among other "hot cross bun-filled dining experiences to suit all preferences.
In short term, the market is dominated by European and Asian consumers, who are continuously looking to expand their palates. This supports both domestic and international cuisines along and supports the cafe market in the region. Further, the rising purchasing power of the millennial generation of consumers is going to accelerate the café market to such an extent.
Additionally, bars are increasingly offering tech-based services and solutions in various regions which has led to the growth of the market studied. For example, they are introducing self-ordering touchscreen kiosks, mobile apps for customizable orders and quick payment, digital entertainment like gaming and graffiti, and charity donation solutions like LivnGiv that directly donate 20% of the customer's bill for charity.
Cafe and Bars Industry Segmentation
A café is a style of eatery that offers coffee along with other beverages with snacks. They are often modest businesses with a minimal amount of seating. As a result, they offer an ideal pit break for a quick beverage such as coffee or tea, along with a pastry, sandwich, and other similar kind of foods. Bars, on the other hand, are often used to describe a place to drink mainly alcoholic beverages with snacks. The global café and bars market (henceforth referred to as the market studied) is segmented By service type, By outlet, and geography. By service type, the market is segmented into Bars, Cafes, and Coffee Shops. By outlet, the market is segmented into chained outlets and independent outlets. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
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Global Cafe and Bars Market Size Summary
The global café and bars market is experiencing significant growth, driven by the increasing popularity of cafés offering a diverse range of authentic snacks and beverages. This expansion is further fueled by the rising consumption of alcoholic drinks like tequila, whiskey, and cognac. Modern cafés are focusing on creating inviting atmospheres with elements such as soft music, well-dressed staff, and innovative decor to attract the younger generation, who prefer Instagram-friendly environments. The adoption of foreign cultures has led to the establishment of new cafés and bars worldwide, featuring authentic foods and beverages. The market is predominantly influenced by European and Asian consumers, who are eager to explore new culinary experiences, and the growing purchasing power of millennials is expected to further accelerate market growth. Additionally, bars are incorporating technology-driven services, such as self-ordering kiosks and mobile apps, to enhance customer convenience and personalization, which are key factors in the market's expansion.
In North America, the café and bar market is rapidly growing due to the diverse tastes of young adults seeking premium beverages, leading to the rise of upscale bars and pubs. The demand for high-quality alcoholic drinks has increased, alongside a growing café culture characterized by a preference for ready-to-drink beverages and organic coffee. The market is highly competitive, with major players like Starbucks, The Coca-Cola Company, and McDonald's dominating the landscape through strategic mergers, new outlet launches, and product innovations. The industry's growth is also supported by the improving economy, consumer interest in health and ethical consumerism, and the availability of vegan options. Expansion and innovative designs are key strategies for market dominance, as seen with brands like Red Rooster and new ventures in locations such as London and Mumbai.
Global Cafe and Bars Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Service Type
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2.1.1 Bars
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2.1.2 Cafes
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2.1.3 Coffee Shops
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2.2 By Outlet
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2.2.1 Chained Outlets
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2.2.2 Independent Outlets
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Spain
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Global Cafe and Bars Market Size FAQs
What is the current Global Cafe and Bars Market size?
The Global Cafe and Bars Market is projected to register a CAGR of 4.06% during the forecast period (2024-2029)
Who are the key players in Global Cafe and Bars Market?
The Coca-Cola Company, Restaurant Brands International Inc., Odyzean Limited, Starbucks Corporation and McDonald's Corporation are the major companies operating in the Global Cafe and Bars Market.
