The Business Research Company’s latest report Food And Beverage Stores Global Market Report 2020 covers Food And Beverage Stores market drivers, Food And Beverage Stores market trends, Food And Beverage Stores market segments, Food And Beverage Stores market growth rate, Food And Beverage Stores market major players, and Food And Beverage Stores market size. The report provides in-depth analysis of the impact of COVID-19 on the Food And Beverage Stores industry, along with revised market numbers due to the effects of the coronavirus.
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Food And Beverage Stores 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 food and beverage stores market is expected to decline from $1850.8 billion in 2019 to $1844.1 billion in 2020 at a compound annual growth rate (CAGR) of -0.4%. 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 6% from 2021 and reach $2155.8 billion in 2023.
The report covers the Food And Beverage Stores market’s segments-
1) By Type: Specialty Food Stores, Beer, Wine & Liquor Stores.
2) By Ownership: Retail Chain, Independent Retailer.
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