HoReCa Market Overview
The HoReCa Market is projected to grow from USD 3.02 trillion in 2023 to USD 3.88 trillion by 2030, at a CAGR of 3.64%. The recovery of the tourism industry, technological advancements like AI and mobile applications, and the surge in online food ordering are the main drivers for growth.
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HoReCa Market Report Scope and Research Methodology
The HoReCa Market Report provides a comprehensive analysis of the industry landscape, offering insights into the market scope, trends, and growth drivers. The report encompasses a thorough examination of various segments within the HoReCa market, including product types, applications, and regional perspectives. By applying a rigorous research methodology, which includes primary and secondary data collection, as well as qualitative and quantitative analysis techniques, the report delivers valuable insights for stakeholders and decision-makers. The report assists businesses in making strategic decisions for the HoReCa market by examining market dynamics, competitive landscape, and technological advancements.
The research methodology employed in the HoReCa Market Report ensures accuracy and reliability by gathering data from reputable sources and conducting extensive literature reviews and market databases. The data collected is then analyzed using sophisticated statistical techniques and models to derive significant conclusions and forecasts. The accuracy of the information provided in the report is validated through rigorous quality control measures, guaranteeing that stakeholders can depend on the insights to make well-informed decisions.
Overall, the combination of comprehensive scope and robust research methodology makes the HoReCa Market Report an invaluable resource for understanding and navigating the dynamics of the global HoReCa market.
HoReCa Market Regional Insights
Vietnam Opportunities:
Vietnam is capitalizing on its growing middle class and expanding tourism, creating vast opportunities in the hospitality sector.
Thailand Growth:
In Thailand, the HoReCa market is booming, with major international hotel chains entering the market, creating significant demand for high-quality catering services.
Japan Trends:
Japan’s technologically advanced hospitality industry is incorporating AI-driven personalization and service automation to enhance customer experiences.
South Korea Consolidation:
In South Korea, mergers between local chains and international brands, including AccorHotels, are solidifying the HoReCa market’s expansion.
Singapore Updation:
Singapore is embracing sustainability and digital innovation in hospitality services, with Marriott International leading eco-friendly hospitality initiatives.
US Market Insights:
The US HoReCa market is rapidly growing with strong demand for dining-out experiences, and the increasing role of delivery platforms like DoorDash.
China Expansion:
China’s rising demand for luxury hotels and restaurants is contributing to the growth of the HoReCa market, particularly in major cities like Beijing and Shanghai.
Europe Trends:
Europe is experiencing a surge in e-commerce-driven growth in HoReCa, with the rise of online food delivery platforms boosting demand.
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HoReCa Market Segmentation
In terms of type, the single outlet segment accounted for over 60.78% of the global HoReCa market in 2023. The segment is also anticipated to expand at a CAGR of 4.12% over the course of the projection period, per the MMR analysis. In sharp contrast to the sometimes viewed impersonal character of larger chains, single outlets are excellent at creating a feeling of community and individualized client interactions. Single outlets become friendly havens for discriminating diners looking for more than just a meal by offering personalized recommendations, interacting with patrons personally, and establishing a distinctive ambiance.
by Type
Single outlet
HoReCa chain
by Services
Restaurants
Hotels
Cafes and pubs
Table of Content: HoReCa Market
Part 01: Executive Summary
Part 02: Scope of the HoReCa Market Report
Part 03: Global HoReCa Market Landscape
Part 04: Global HoReCa Market Sizing
Part 05: Global HoReCa Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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HoReCa Market,Key Players:
1. Chick fil A Inc. 2. Dominos Pizza Inc. 3. Hilton Worldwide Holdings Inc. 4. Hyatt Hotels Corp. 5. Inspire Brands Inc. 6. InterContinental Hotels Group Plc, ITC Ltd. 7. Jack in the Box Inc. 8. Little Caesar Enterprises Inc. 9. Marriott International Inc. 10. McDonald Corp. 11. Papa Johns International Inc. 12. Performance Food Group Co.
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Key questions answered in the HoReCa Market are:
- What is HoReCa ?
- What was the HoReCa market size in 2023?
- What is the growth rate of the HoReCa Market?
- Who are the key players in the HoReCa market?
- Who are the leading companies and what are their portfolios in HoReCa Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the HoReCa Market?
- Which are the factors expected to drive the HoReCa market growth?
- What are the different segments of the HoReCa Market?
- What growth strategies are the players considering to increase their presence in HoReCa ?
- What are the upcoming industry applications and trends for the HoReCa Market?
- What segments are covered in the HoReCa Market?
- What segments are covered in the HoReCa Market?
- What are the key opportunities in the market?
- What factors restrain the market growth?
Key Offerings:
- Past Market Size and Competitive Landscape ((2019 to 2023)
- Past Pricing and price curve by region ((2019 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
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