FOOD & BEVERAGE
Global HoReCa Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global HoReCa Market, By Type (Single Outlet and HoReCa Chain), Service Type (Restaurants, Hotels, and Cafes and Pubs), Furniture Type (Beds, Tables/Desks, Chairs/Stools, Sofa/Couches, and Others), Furniture Material (Wood, Metal, Plastic, and Others), Furniture End-Use (Indoor and Outdoor), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global HoReCa market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
HoReCa is a term that stands for Hotel, Restaurant, and Catering. It refers to the sector of the foodservice industry that encompasses businesses involved in the preparation and serving of food and beverages outside the home. This sector includes a wide range of establishments such as hotels, restaurants, cafes, pubs, bars, catering companies, and institutional catering services.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Sustainability and ethical consumption
- Experiential dining
RESTRAINTS
- Supply chain disruptions
- Changing consumer preferences
OPPORTUNITIES
- Diversification of revenue streams
- Focus on sustainability and social responsibility
CHALLENGES
- Economic uncertainty
- Changing demographics
SEGMENTATION
- Type
- Single Outlet
- HoReCa Chain
- Service Type
- Restaurants
- Hotels
- Cafes and Pubs
- Furniture Type
- Beds
- Tables/Desks
- Chairs/Stools
- Sofa/Couches
- Others
- Furniture Material
- Wood
- Metal
- Plastic
- Others
- Furniture End-Use
- Indoor
- Outdoor
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Hilton Worldwide Holdings Inc.
- Aramark Corporation
- Hyatt Hotels Corp
- Inspire Brands Inc.
- InterContinental Hotels Group Plc
- ITC Ltd.
- Marriott International Inc.
- McDonald Corp
- Tata Sons Pvt. Ltd.
- The Coca‑Cola Company
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global HoReCa Market, by Type
- 3.2 Global HoReCa Market, by Service Type
- 3.3 Global HoReCa Market, by Furniture Type
- 3.4 Global HoReCa Market, by Furniture Material
- 3.5 Global HoReCa Market, by Furniture End-Use
- 3.6 Global HoReCa Market, by Geography
- 3.7 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Ghost kitchens and virtual brands
- 5.1.2 Hyperlocal and seasonal menus
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Sustainability and ethical consumption
- 5.2.2 Experiential dining
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Supply chain disruptions
- 5.3.2 Changing consumer preferences
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Diversification of revenue streams
- 5.4.2 Focus on sustainability and social responsibility
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Economic uncertainty
- 5.5.2 Changing demographics
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL HORECA MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global HoReCa Market, by Type (2019-2032)
- SECTION 7 - GLOBAL HORECA MARKET, BY SERVICE TYPE
- 7.1 Service Type Summary
- 7.2 Market Attractive Index
- 7.3 Global HoReCa Market, by Service Type (2019-2032)
- SECTION 8 - GLOBAL HORECA MARKET, BY FURNITURE TYPE
- 8.1 Furniture Type Summary
- 8.2 Market Attractive Index
- 8.3 Global HoReCa Market, by Furniture Type (2019-2032)
- SECTION 9 - GLOBAL HORECA MARKET, BY FURNITURE MATERIAL
- 9.1 Furniture Material Summary
- 9.2 Market Attractive Index
- 9.3 Global HoReCa Market, by Furniture Material (2019-2032)
- SECTION 10 - GLOBAL HORECA MARKET, BY FURNITURE END-USE
- 10.1 Furniture End-Use Summary
- 10.2 Market Attractive Index
- 10.3 Global HoReCa Market, by Furniture End-Use (2019-2032)
- SECTION 11 - GLOBAL HORECA MARKET, BY GEOGRAPHY
- 11.1 Regional Summary
- 11.2 Market Attractive Index
- 11.3 Global HoReCa Market, by Geography (2019-2032)
- SECTION 12 - NORTH AMERICA HORECA MARKET
- 12.1 North America Summary
- 12.2 Market Attractive Index
- 12.3 North America HoReCa Market, by Type (2019-2032)
- 12.4 North America HoReCa Market, by Service Type (2019-2032)
- 12.5 North America HoReCa Market, by Furniture Type (2019-2032)
- 12.6 North America HoReCa Market, by Furniture Material (2019-2032)
- 12.7 North America HoReCa Market, by Furniture End-Use (2019-2032)
- 12.8 North America HoReCa Market, by Country (2019-2032)
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 12.8.4 Rest of North America
- SECTION 13 - EUROPE HORECA MARKET
- 13.1 Europe Summary
- 13.2 Market Attractive Index
- 13.3 Europe HoReCa Market, by Type (2019-2032)
- 13.4 Europe HoReCa Market, by Service Type (2019-2032)
- 13.5 Europe HoReCa Market, by Furniture Type (2019-2032)
- 13.6 Europe HoReCa Market, by Furniture Material (2019-2032)
- 13.7 Europe HoReCa Market, by Furniture End-Use (2019-2032)
- 13.8 Europe HoReCa Market, by Country (2019-2032)
- 13.8.1 Germany
- 13.8.2 U.K.
- 13.8.3 France
- 13.8.4 Italy
- 13.8.5 Spain
- 13.8.6 Russia
- 13.8.7 The Netherlands
- 13.8.8 Belgium
- 13.8.9 Turkey
- 13.8.10 Rest of Europe
- SECTION 14 - ASIA-PACIFIC HORECA MARKET
- 14.1 Asia-Pacific Summary
- 14.2 Market Attractive Index
- 14.3 Asia-Pacific HoReCa Market, by Type (2019-2032)
- 14.4 Asia-Pacific HoReCa Market, by Service Type (2019-2032)
- 14.5 Asia-Pacific HoReCa Market, by Furniture Type (2019-2032)
- 14.6 Asia-Pacific HoReCa Market, by Furniture Material (2019-2032)
- 14.7 Asia-Pacific HoReCa Market, by Furniture End-Use (2019-2032)
- 14.8 Asia-Pacific HoReCa Market, by Country (2019-2032)
- 14.8.1 China
- 14.8.2 India
- 14.8.3 Japan
- 14.8.4 South Korea
- 14.8.5 Singapore
- 14.8.6 Malaysia
- 14.8.7 Australia
- 14.8.8 Thailand
- 14.8.9 Philippines
- 14.8.10 Rest of Asia-Pacific
- SECTION 15 - SOUTH AMERICA HORECA MARKET
- 15.1 South America Summary
- 15.2 Market Attractive Index
- 15.3 South America HoReCa Market, by Type (2019-2032)
- 15.4 South America HoReCa Market, by Service Type (2019-2032)
- 15.5 South America HoReCa Market, by Furniture Type (2019-2032)
- 15.6 South America HoReCa Market, by Furniture Material (2019-2032)
- 15.7 South America HoReCa Market, by Furniture End-Use (2019-2032)
- 15.8 South America HoReCa Market, by Country (2019-2032)
- 15.8.1 Brazil
- 15.8.2 Argentina
- 15.8.3 Chile
- 15.8.4 Colombia
- 15.8.5 Rest of South America
- SECTION 16 - MIDDLE EAST AND AFRICA HORECA MARKET
- 16.1 Middle East and Africa Summary
- 16.2 Market Attractive Index
- 16.3 Middle East and Africa HoReCa Market, by Type (2019-2032)
- 16.4 Middle East and Africa HoReCa Market, by Service Type (2019-2032)
- 16.5 Middle East and Africa HoReCa Market, by Furniture Type (2019-2032)
- 16.6 Middle East and Africa HoReCa Market, by Furniture Material (2019-2032)
- 16.7 Middle East and Africa HoReCa Market, by Furniture End-Use (2019-2032)
- 16.8 Middle East and Africa HoReCa Market, by Country (2019-2032)
- 16.8.1 Kingdom of Saudi Arabia
- 16.8.2 South Africa
- 16.8.3 U.A.E.
- 16.8.4 Egypt
- 16.8.5 Rest of Middle East and Africa
- SECTION 17 - COMPANY SHARE ANALYSIS
- 17.1 Global HoReCa Market, Company Share Analysis
- 17.2 North America HoReCa Market, Company Share Analysis
- 17.3 Europe HoReCa Market, Company Share Analysis
- 17.4 Asia-Pacific HoReCa Market, Company Share Analysis
- SECTION 18 - COMPANY PROFILES
- 18.1 Hilton Worldwide Holdings Inc.
- 18.1.1 Company Snapshot
- 18.1.2 Financial Overview
- 18.1.3 Product Portfolio
- 18.1.4 Recent Developments
- 18.2 Aramark Corporation
- 18.2.1 Company Snapshot
- 18.2.2 Financial Overview
- 18.2.3 Product Portfolio
- 18.2.4 Recent Developments
- 18.3 Hyatt Hotels Corp
- 18.3.1 Company Snapshot
- 18.3.2 Financial Overview
- 18.3.3 Product Portfolio
- 18.3.4 Recent Developments
- 18.4 Inspire Brands Inc.
- 18.4.1 Company Snapshot
- 18.4.2 Financial Overview
- 18.4.3 Product Portfolio
- 18.4.4 Recent Developments
- 18.5 InterContinental Hotels Group Plc
- 18.5.1 Company Snapshot
- 18.5.2 Financial Overview
- 18.5.3 Product Portfolio
- 18.5.4 Recent Developments
- 18.6 ITC Ltd.
- 18.6.1 Company Snapshot
- 18.6.2 Financial Overview
- 18.6.3 Product Portfolio
- 18.6.4 Recent Developments
- 18.7 Marriott International Inc.
- 18.7.1 Company Snapshot
- 18.7.2 Financial Overview
- 18.7.3 Product Portfolio
- 18.7.4 Recent Developments
- 18.8 McDonald Corp
- 18.8.1 Company Snapshot
- 18.8.2 Financial Overview
- 18.8.3 Product Portfolio
- 18.8.4 Recent Developments
- 18.9 Tata Sons Pvt. Ltd.
- 18.9.1 Company Snapshot
- 18.9.2 Financial Overview
- 18.9.3 Product Portfolio
- 18.9.4 Recent Developments
- 18.10 The Coca‑Cola Company
- 18.10.1 Company Snapshot
- 18.10.2 Financial Overview
- 18.10.3 Product Portfolio
- 18.10.4 Recent Developments
- SECTION 19 - RELATED REPORTS
- SECTION 20 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.