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HoReCa Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCG21507

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Published on

November 2021

Total pages

259

Table of Content

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About the Report

About the Report

The HoReCa channel is the set of commercial catering food establishments whose main activity is the production and sale of direct out-of-home consumption of food. Saving possible types of specific establishments, it fundamentally encompasses the subsectors that make up the acronym: hotels, restaurants, and catering.

A rise in the tourism across the globe is one of the prominent factor, which is driving the market for HoReCa. As per the World Bank, the number of international tourists reached to 2.28 billion in 2019, up from 1.96 billion in 2015. Moreover, the expenditure by international tourism reached to 6.1% of total imports , up from 5.6% of total; imports. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687 million to 1.57 billion per annum. Moreover, the number of hotel rooms globally had risen by 17.7% since 2008 to 17 million in 2018. These rooms were in more than 184,000 hotels, a rise of 8.4% from 2008 levels. The fact that the rate of expansion in the number of rooms is more than double the rate of expansion of hotels indicates that the average hotel size has been growing.

Also, a growing demand of the processed and packaged food in the region acting as a growth catalyst to the industry. 80% of Americans' total calorie consumption comes from store-bought foods and beverages (packaged and unpackaged). An emerging number of food processing companies in the United States leading to the growing market of food robots in the United States. More than 30% of the top 50 food & beverage-processing firms in the world. For instance, the average annual household food expenditure of the US population increased from USD 6,129 in the year 2010 to USD 8,169 in 2019. Whereas in 2018, the average U.S. household food expenditure amounted to approximately 7,923 U.S. dollars. Also, according to the statistics database Nation Master, In the U.S., the annual per capita spending on food is USD 2,678.

Based on the Service Type, the market is fragmented into Hotels, Restaurants, Cafes & Pubs. The hotels segment grabbed considerable market share and captured XX% market share in the HoReCa Market in 2020. Moreover, the market would witness a sharp rise in the forthcoming years owing to the rising number of international tourists etc., However, restaurant segment would witness sky-rocked growth in the forecast period of 2021-2027F.

Based on the Category, the market is fragmented into Single Outlet and HoReCa Chain. The single outlet segment captured XX% market share in the HoReCa Market in 2020. Moreover, the market would witness a sharp rise in the forthcoming years owing to surging demand for ready to eat food and junk food from the millenniums. However, HoReCa chain segment would witness sky-rocked growth in the forecast period of 2021-2027F.

For a better understanding of the market adoption of the HoReCa Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of APAC), and Rest of World. North America constitutes a major market for the HoReCa Market industry and generated revenue of USD XX Million in 2020.

Some of the major players operating in the market are Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Marriott International, Inc., InterContinental Hotels Group plc, Wyndham Hotel Group, LLC, McDonald's Corporation, Yum! Brands, Inc., Restaurant Brands International Inc., Inspire Brands, Inc, The Coca-Cola Company (Costa Coffee), etc. Several M&As along with partnerships have been undertaken by these players to develop the HoReCa Market.

Products


Companies

Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Marriott International, Inc., InterContinental Hotels Group plc, Wyndham Hotel Group, LLC, McDonald's Corporation, Yum! Brands, Inc., Restaurant Brands International Inc., Inspire Brands, Inc, The Coca-Cola Company (Costa Coffee)

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the HoReCa Market

2.2. Research Methodology of the HoReCa Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the HoReCa Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL HORECA MARKET COVID-19 IMPACT

6 GLOBAL HORECA MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY SERVICE TYPE

7.1. Hotels

7.2. Restaurants

7.3. Cafes & Pubs

8 MARKET INSIGHTS BY CATEROGY

8.1. Single Outlet

8.2. HoReCa Chain

9 MARKET INSIGHTS BY REGION

9.1. North America HoReCa Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe HoReCa Market

9.2.1. United Kingdom

9.2.2. Germany

9.2.3. France

9.2.4. Italy

9.2.5. Spain

9.2.6. Rest of Europe

9.3. Asia Pacific HoReCa Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. Singapore

9.3.6. Rest of Asia Pacific

9.4. Rest of World HoReCa Market

10 HORECA MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 HORECA MARKET OPPORTUNITIES

12 HORECA MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Competitive Landscape

16.1.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Hilton Worldwide Holdings Inc.

17.2. Hyatt Hotels Corporation

17.3. Marriott International, Inc.

17.4. InterContinental Hotels Group plc

17.5. Wyndham Hotel Group, LLC

17.6. McDonald's Corporation

17.7. Yum! Brands, Inc.

17.8. Restaurant Brands International Inc.

17.9. Inspire Brands, Inc

17.10. The Coca-Cola Company (Costa Coffee)

18 DISCLAIMER

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