Restaurants And Mobile Food Services Market Growth Trajectory Through 2024-2033|Darden Restaurants, Yum China Holdings, Inc., McDonald’s, Chipotle, Zensho Holdings Co Ltd., Subway

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:

1. Executive Summary
2. Restaurants And Mobile Food Services Market      Characteristics
3. Restaurants And Mobile Food Services Market      Trends And Strategies
4. Restaurants And Mobile Food Services Market      – Macro Economic Scenario
5. Global Restaurants And Mobile Food Services Market      Size and Growth

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32. Global Restaurants And Mobile Food Services Market      Competitive Benchmarking
33. Global Restaurants And Mobile Food Services Market      Competitive Dashboard
34. Key Mergers And Acquisitions In Restaurants And Mobile Food Services Market
35. Restaurants And Mobile Food Services Market      Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• Darden Restaurants,
• Yum China Holdings, Inc.
• McDonald’s
• Chipotle
• Zensho Holdings Co Ltd

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