Food And Beverage Services Global Market Forecast To 2022

Asia Pacific was the largest region in the global food and beverage services market, accounting for 45% of the market in 2018. North America was the second largest region accounting for 25% of the global food and beverage services market. Africa was the smallest region in the global food and beverage services market.

Organic and locally produced food is becoming increasingly popular. Consumers are willing to pay more at restaurants and cafes that serve organic and locally grown food items. Almost 45% of Americans actively try to involve organic food in their diets. In 2013, the global sales of organic food and drink reached USD 72 billion, with Europe and the United States driving 90 percent of the world’s sales. Companies in the food and beverage services industry are seeking to differentiate themselves by upgrading their ingredients and experimenting with healthier dishes. For example, Panera Bread and Starbucks, each known for their seasonal pumpkin spice lattes, changed their recipes in order to eliminate undesirable ingredients and meet consumer demand for healthy dishes.

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