Global HoReCa Market Size, Trends and Growth Opportunity, By Category Type (Single Outlet and HoReCa chain), By End user (Hotels, Restaurants, and Café) By Region and Forecast till 2027

 

Global HoReCa Market

 

The HoReCa Market is primarily consists of hotels, restaurants, and cafes. The Food and Beverage Industry holds the largest market share in the hospitality market. There are many different segments in which the HoReCa Industry is divided. There is a significant emergence of caterers, fast-food chains, restaurants, clubs, and hotels that will make a positive impact on the market growth.

 

Drivers: Growth and improvements in restaurants

 

Growth and improvements in the restaurants and food outlets is one of the prominent factor that drives the HoReCa Market. The increasing demand for processed food and junk food among millenniums is one of the essential reasons which is contributing to market growth. Furthermore, the increasing spending of consumer on food delivery and the requirement to deliver there is also driving the demand for commercial equipment globally. Moreover, increase in the restaurants, café, and hotels across in Asia Pacific region coupled with the growing demand owing to the adoption of western culture is leading to the HoReCa market growth.

 

Restraints: Street food sellers and family-owned small kitchens

 

Presence of street food sellers and family-owned small kitchens are restricting the growth of the HoReCa Market. There are many varieties of food present in street sellers with minimum costs. People rely more on family-owned small kitchens that they provide some amount of fresh food.

 

 

 

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COVID-19 Impact

 

The COVID-19 pandemic affected all the industries due to the disruptions in the reduced per capita spending, supply chain, and shortage of raw materials. HoReCa involving café and restaurants continues to face decreasing demand and sales because of lowering traffic or closures. Customers vary of dining out with COVID-19 cases still increasing in various areas of the world. The outbreak of the COVID-19, impacted the bottle industry growth. Restricted movement and stringent lockdown of people affected the product supply and production for a short period affected the growth of HoReCa Market.

 

Segmentation by Category Type: Global HoReCa Market is classified on the basis of Category Type into Single Outlet and HoReCa chain. HoReCa Chain holds the largest market share of Global HoReCa Market. HoReCa Chain are made with the aim of expanding market globally.

 

Segmentation by End user: Global HoReCa Market is classified on the basis of end user into hotels, restaurants, and cafe. Hotels holds the largest market share of Global HoReCa Market. Restaurants holds the second largest market share of Global HoReCa Market. Moreover restaurants and cafes witness the huge amount of growth in upcoming years.

 

Segmentation by Region: Global HoReCa Market is classified on the basis of geography into North America, Asia Pacific, Europe, and Rest of the World. North America holds the largest market share of Global HoReCa Market. Asia Pacific holds the second largest market share of Global HoReCa Market.

 

Competitive landscape: The major players of Global HoReCa Market are Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Marriott International, Inc., InterContinental Hotels Group plc, McDonald’s Corporation, Restaurant Brands International Inc., and Inspire Brands, Inc.

 

Market Taxonomy

 

By Category Type

• Single Outlet
• HoReCa Chain

 

By End-User

• Hotels
• Restaurants
• Cafe

 

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

 

Key Questions Addressed by the Report What are the Key

• Opportunities in Global Secure Global HoReCa Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?