PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1525317
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1525317
Global HoReCa Market Size Study, by Service Type (Hotels, Restaurants, Cafes and Pubs), by Category (Single Outlet, HoReCa Chain), and Regional Forecasts 2022-2032
The Global Horeca Market was valued at approximately USD 3,412.31 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.59% during the forecast period from 2024 to 2032. The HoReCa represents hotels, restaurants, and cafes, which are critical segments within the hospitality industry. The primary factors driving this market's growth include the expanding number of food establishments, rising demand for processed foods, and a growing preference for dining out among millennials. Seasonal tourism trends, corporate travel, and the development of infrastructure to support tourism are other factors bolstering the market. Additionally, partnerships and collaborations between hotels and local food establishments are creating synergistic opportunities within the market.
The robust growth in the HoReCa sector is fueled by increasing consumer expenditure on dining and food delivery services. The surge in the number of working couples and the adoption of Western culture, which promotes dining out and convenience food, are significant contributors to this trend. The development of new technologies in commercial kitchen equipment and the emergence of smart hospitality solutions are also propelling market growth. Moreover, government initiatives and regulations focused on food safety and hygiene standards are further enhancing market expansion. Furthermore, the global tourism industry's growth significantly impacts the HoReCa market as well. The influx of domestic and international tourists increases the demand for hotels, restaurants, and cafes, especially in popular tourist destinations. However, challenges such as high competition among food service providers and stringent government regulations on food safety and hygiene restrain growth during the forecast period 2024-2032.
The key region in the Global HoReCa Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, North America is expected to lead the HoReCa market due to its advanced infrastructure and high consumer spending on dining and hospitality services. The region benefits from a high demand for diverse dining experiences and premium accommodation services, driven by both domestic and international tourism. Additionally, technological advancements in service delivery and the growing trend of personalized customer experiences further fuel market growth. The presence of major food service companies and innovative catering solutions enhances North America's leadership in the HoReCa sector, making it a dominant player in the global market. Europe follows closely, with a significant market share driven by the region's rich culinary traditions and robust tourism sector. The Asia-Pacific region is anticipated to witness the fastest growth, attributed to increasing urbanization, rising disposable incomes, and a booming tourism industry.
Major market players included in this report are:
- McDonald's Corporation
- Subway IP LLC
- KFC Corporation
- Pizza Hut
- Burger King Company LLC
- Yum! Brands RSC
- Jubilant FoodWorks Ltd
- Starbucks Coffee Company
- Costa Coffee
- Papa John's International, Inc.
The detailed segments and sub-segment of the market are explained below:
By Service Type
- Hotels
- Restaurants
- Cafes and Pubs
By Category
- Single Outlet
- HoReCa Chain
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global HoReCa Market Executive Summary
- 1.1. Global HoReCa Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Service Type
- 1.3.2. By Category
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global HoReCa Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global HoReCa Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Expansion of food establishments
- 3.1.2. Rising demand for processed and convenience foods
- 3.1.3. Increasing consumer expenditure on dining and food delivery
- 3.2. Market Challenges
- 3.2.1. High competition among food service providers
- 3.2.2. Stringent government regulations on food safety and hygiene
- 3.3. Market Opportunities
- 3.3.1. Technological advancements in commercial kitchen equipment
- 3.3.2. Growth in the global tourism industry
- 3.3.3. Collaborations between hospitality and food service providers
Chapter 4. Global HoReCa Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global HoReCa Market Size & Forecasts by Service Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global HoReCa Market: Service Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Hotels
- 5.2.2. Restaurants
- 5.2.3. Cafes and Pubs
Chapter 6. Global HoReCa Market Size & Forecasts by Category 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global HoReCa Market: Category Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Single Outlet
- 6.2.2. HoReCa Chain
Chapter 7. Global HoReCa Market Size & Forecasts by Region 2022-2032
- 7.1. North America HoReCa Market
- 7.1.1. U.S. HoReCa Market
- 7.1.1.1. Service Type breakdown size & forecasts, 2022-2032
- 7.1.1.2. Category breakdown size & forecasts, 2022-2032
- 7.1.2. Canada HoReCa Market
- 7.1.1. U.S. HoReCa Market
- 7.2. Europe HoReCa Market
- 7.2.1. U.K. HoReCa Market
- 7.2.2. Germany HoReCa Market
- 7.2.3. France HoReCa Market
- 7.2.4. Spain HoReCa Market
- 7.2.5. Italy HoReCa Market
- 7.2.6. Rest of Europe HoReCa Market
- 7.3. Asia-Pacific HoReCa Market
- 7.3.1. China HoReCa Market
- 7.3.2. India HoReCa Market
- 7.3.3. Japan HoReCa Market
- 7.3.4. Australia HoReCa Market
- 7.3.5. South Korea HoReCa Market
- 7.3.6. Rest of Asia Pacific HoReCa Market
- 7.4. Latin America HoReCa Market
- 7.4.1. Brazil HoReCa Market
- 7.4.2. Mexico HoReCa Market
- 7.4.3. Rest of Latin America HoReCa Market
- 7.5. Middle East & Africa HoReCa Market
- 7.5.1. Saudi Arabia HoReCa Market
- 7.5.2. South Africa HoReCa Market
- 7.5.3. Rest of Middle East & Africa HoReCa Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. McDonald's Corporation
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Subway IP LLC
- 8.3.3. KFC Corporation
- 8.3.4. Pizza Hut
- 8.3.5. Burger King Company LLC
- 8.3.6. Yum! Brands RSC
- 8.3.7. Jubilant FoodWorks Ltd
- 8.3.8. Starbucks Coffee Company
- 8.3.9. Costa Coffee
- 8.3.10. Papa John's International, Inc.
- 8.3.1. McDonald's Corporation
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
