The bars and cafés industry offer alcoholic and non-alcoholic
beverages and limited food services for immediate on-premise consumption. This
industry includes bars, taverns, pubs, night clubs and lounges but does not
include civic or social association bars, beer, wine and liquor stores and
restaurants and nightclubs that do not serve alcoholic beverages.
Read More: https://www.thebusinessresearchcompany.com/report/bars-and-cafes-global-market-report-2018
The bars and cafés market is valued at $562 billion in 2017 due
to increasing use of coffee shops for informal & formal business
meetings. Businesses are encouraging discussions and client meetings in
coffee shops for various reasons such as their informal environment, cost
saving and general convenience.
South America was the largest region in the bars and cafes
market in 2017, accounting for one-third of the market share.
The market in the report is segmented into: drinking places
(alcoholic beverages) and snack and non-alcoholic beverage bars.
Brazil was the largest country in the bars and cafes market in
2017, accounting for almost one fifth of the market share. This was mainly
attributed to a large proportion of young and millennial population spending
their time in bars and cafes as a past time. Brazil was followed by USA and
Japan.
The top five competitors in the market made up almost 6% of the
total market in 2017. Starbucks was the largest competitor of the market
followed by Whitbread PLC, Lavazza, Buffalo Wild Wings and Dunkin' Brands.
Starbucks Corporation was the largest company in the bars and cafés market in
2017 with 4% share of the market. Starbucks Corporation is a coffee company and
coffee house chain headquartered in Seattle, Washington, USA. Apart from
coffee, the company sells tea and other beverages, and a range of fresh food
items, through Company-operated stores and licenses its trademarks through
other channels, such as licensed stores, grocery and national foodservice accounts
in 68 countries around the world.
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