Cafeteria Market Projected to Register an Impressive Growth Through 2027

 The growing inclination towards the fast-food items along with the reduced practice of preparing home-cooked food are augmenting the growth of global cafeteria market. 


According to TechSci report on, “Cafeteria Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global cafeteria market is expected to grow at an impressive CAGR during the forecast period of 2023-2027, due to the growing trend of socializing among millennials and Gen Z at cafeterias and other food outlets. Moreover, with the increase in the working class, adoption of a fast lifestyle and hectic schedules, the consumption of quick and ready-to-eat food has increased. In line with this, a high percentage of the millennial population is on the move, migrating to different cities for employment. Such population highly rely upon readily available foods served at and quick-serving restaurants and outlets. Furthermore, unlike traditional high-end family restaurants, cafes usually serve food at an affordable price, which attracts a larger consumer base. Additionally, the growing popularity of western cuisines and introduction of newer dishes in the food menu are adding to the market growth. Furthermore, the development of e-commerce/ online food delivery platforms, increasing preferences for on-the-go food services, and reduced practice of preparing home-cooked food are significantly contributing to the market growth. Besides, with the growing health concerns among the consumers, cafeterias have started serving low-fat beverages, gluten-free products, and innovative salads to attract health-conscious population. Additionally, the availability of freshly brewed coffee and a variety of fresh fruit juices are also anticipated to propel the global cafeteria market in coming years.




Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "GLOBAL CAFETERIA MARKET"


The global cafeteria market is segmented by ownership, sales channel, revenue source, competitive landscape, and regional distribution. Based on the ownership, the market is differentiated between standalone outlets & chained outlets. Among these, the chained outlets are anticipated to hold a significant market share over the coming years. Chained outlets are the group of restaurants that share the same name and concept but are scattered at different locations across the nation or the world. They have a wider customer base as compared to standalone outlets. These chained outlets are well-known therefore, they are more reliable in terms of food taste and hygiene. Moreover, they have pre-built menus and extensive knowledge of their customer’s preferences. As a result, over standalone outlets, chained outlets are highly preferred by the consumers.

 


By sales channel, the market is bifurcated into on-premises vs off-premises. The on-premises format involves ordering and having food at the restaurant or cafeteria only, whereas the off-premises format includes drive-through and takeaway. Among these, the on-premises segment is expected to hold a significant market share over the forecast period because, in an on-premises food outlet, the consumer does not have to worry about the food safety issues that may occur while food is being transported, as in on-premises all the dishes are prepared and stores in the venue kitchen. Moreover, the off-premises format is considered more reliable than the on-premises segment, which is adding to the segment growth.

 


Based on the revenue source, the market is segmented into food and beverage. The food segment is estimated to hold a prominent market share in the coming years. Food is an essential part of anybody’s life. One can go without beverage like coffee, shake, or juices but having a proper meal at least one time is necessary. As a result, the food segment is projected to hold a larger market share, compared to the beverage segment.

 


A list of major market players of the cafeteria market includes:

  • Cleburne Cafeteria
  • Clifton's Cafeteria
  • Gray Brothers Cafeteria
  • Philippe
  • Harry's Hofbrau
  • Kafezz Services Private limited
  • Torry Harris Restaurants Private Limited


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“The expanding food and beverage industry is supporting the growth of the cafeteria market. This can be accredited to globalization which has led to the migration of a workforce with mixed cultures, eventually propelling the demand for both regional and global cuisines. Moreover, the growing income of the middle-class population is positively impacting the growth of cafeterias. In addition, the chained or stand-alone cafeterias offer food and beverages at a relatively low price than fine-dining restaurants, hence attracting a wider consumer base. Furthermore, several market players are expanding their businesses in order to grow their customer base. For instance, in May 2021, CEC Entertainment, the parent company of American fast-food brand Chuck E Cheese announced the launch of 100 new cafeterias across the globe over the years. Hence, new promotional and growth strategies adopted by the market players and innovation in food offerings are expected to boost the growth of the global cafeteria market in coming years.,” said Mr. Karan Chechi, Research Director, TechSci Research, a research based global management consulting firm.

 


“Global Cafeteria Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Ownership (Standalone Outlets & Chained Outlets), By Sales Channel (On-Premises vs Off-Premises), By Revenue Source (Food Vs. Beverage), By Region” has evaluated the future growth potential of cafeteria market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in cafeteria market.


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