The Business Research Company’s latest report Bars And Cafes Global Market Report 2020 covers Bars And Cafes market drivers, Bars And Cafes market trends, Bars And Cafes market segments, Bars And Cafes market growth rate, Bars And Cafes market major players, and Bars And Cafes market size. The report provides in-depth analysis of the impact of COVID-19 on the Bars And Cafes industry, along with revised market numbers due to the effects of the coronavirus.
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Bars And Cafes Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global bars and cafes market is expected to decline from $450 billion in 2019 to $437.1 billion in 2020 at a compound annual growth rate (CAGR) of -2.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $520.8 billion in 2023.
The report covers the Bars And Cafes market’s segments-
1) By Type: Snack And Nonalcoholic Beverage Bars, Drinking Places (Alcoholic Beverages).
2) By Ownership: Chain Market, Standalone Market.
3) By Pricing: High-End, Economy.
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