North America Cafes and Bars Market Trends, Share, Size, Demand, Revenue and Future Outlook
North America Cafes and Bars Market Growth, Size, Trends Analysis- By Cuisine, By Outlet, By Location- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: FOOD24106 | Pages: 1 - 158 | Formats*: |
| Category : Food & Beverages | |||
North America Cafes & Bars Market Introduction and Overview
According to SPER Market Research, the North America Cafes & Bars Market is estimated to reach USD 314.22 billion by 2033 with a CAGR of 11.46%.
The report includes an in-depth analysis of the North America Cafes & Bars Market, including market size and trends, product mix, applications, and supplier analysis. Cafes and bars are facilities that offer a casual and relaxed ambiance in which people can enjoy a range of food and beverages. Cafes normally serve light meals, snacks, and coffee-based beverages, whereas bars provide a wider range of alcoholic and non-alcoholic beverages, as well as appetisers and, on occasion, full meals. These establishments frequently have distinct themes or styles that cater to certain consumer tastes, such as sports bars, wine bars, or jazz cafes.
- August 2023: Baskin-Robbins signs a franchise development deal with real estate and franchise operator McMaster Group Holdings to extend the ice cream brand in Canada. The arrangement included plans to open 25 new shops in the Vancouver and Calgary areas.
Market Opportunities and Challenges
Opportunities- The expanding popularity of nightlife, as well as the increased number of college and high school students socialising in cafes, are two main drivers driving the rise of the North American cafes and bars industry. Increased consumption of beverages such as coffee, tea, whisky, and tequila, among others, is driving market growth. Several multinational businesses are entering the US market to increase their footprint in the North American continent. Camel Coffee, a well-known South Korean coffee business, announced in April 2024 that it will establish its first location in Silver Lake, United States. According to the market analysis, several of Camel's most popular drinks, including its famous Camel Coffee, are projected to be available.
Challenges- There is fierce competition among American pubs and cafes, which leads to pricing wars that squeeze profit margins. Establishments that serve alcohol also have to deal with intricate licensing regulations and regulatory obstacles. Businesses must adjust as consumer preferences are changing in favour of healthier food and drink offerings. These businesses also have additional problems in trying to match changing customer needs while staying profitable, as geopolitical and economic uncertainty are having an impact on consumer buying patterns.
Market Competitive Landscape
The top five corporations hold a 25.10% share of the fragmented North American cafe and bar market. Dutch Bros Inc, Inspire Brands Inc, Restaurant Brands International Inc, Smoothie King Franchises Inc, and Starbucks Corporation are the leading companies in this market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Cuisine, By Outlet, By Location. |
| Regions covered | Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America. |
| Companies Covered | Dutch Bros Inc, Focus Brands LLC, Inspire Brands Inc, International Dairy Queen Inc, Jab Holding Company SARL, McDonald's Corporation, MTY Food Group Inc, Restaurant Brands International Inc, Smoothie King Franchises Inc, Starbucks Corporation. |
COVID-19 Impact on North America Cafes & Bars Market
The breakout of Covid-19 disease (COVID-19) functioned as a significant restraint on the pub and café business in 2020, as governments around the world imposed limits on domestic and international travel, reducing the demand for the services provided by these facilities. The outbreak has had a detrimental impact on businesses during 2020 and early 2021. However, the bars and cafes industry is likely to recover from the shock over the forecast period because it was a 'black swan' incident and not caused by ongoing or structural flaws in the sector or the global economy.
Key Target Audience:
- Young Adults
- Professionals
- Health-Conscious Consumers
- Tourists
- Families
Our in-depth analysis of the North America Cafes & Bars Market includes the following segments:
| By Cuisine: | |
| By Outlet: | |
| By Location: |
Key Topics Covered in the Report:
- North America Cafes & Bars Market Size (FY’2024-FY’2033)
- Overview of North America Cafes & Bars Market
- Segmentation of North America Cafes & Bars Market by Cuisine (Bars & Pubs, Cafes, Juice/Smoothie/Desserts Bars, Specialist Coffee & Tea Shops)
- Segmentation of North America Cafes & Bars Market by Outlet (Chained Outlets, Independent Outlets)
- Segmentation of North America Cafes & Bars Market by Location (Leisure, Lodging, Retail, Standalone, Travel)
- Statistical Snap of North America Cafes & Bars Market
- Expansion Analysis of North America Cafes & Bars Market
- Problems and Obstacles in North America Cafes & Bars Market
- Competitive Landscape in the North America Cafes & Bars Market
- Impact of COVID-19 and Demonetization on North America Cafes & Bars Market
- Details on Current Investment in North America Cafes & Bars Market
- Competitive Analysis of North America Cafes & Bars Market
- Prominent Players in the North America Cafes & Bars Market
- SWOT Analysis of North America Cafes & Bars Market
- North America Cafes & Bars Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Cafes & Bars Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Cafes & Bars Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Cafes & Bars Market
7. North America Cafes & Bars Market, By Cuisine (USD Million) 2020-2033
7.1. North America Cafes & Bars Market Size, Share and Forecast, By Cuisine, 2020-20267.2. North America Cafes & Bars Market Size, Share and Forecast, By Cuisine, 2027-20337.3. Bars & Pubs7.4. Cafes7.5. Juice/Smoothie/Desserts Bars7.6. Specialist Coffee & Tea Shops
8. North America Cafes & Bars Market, By Outlet (USD Million) 2020-2033
8.1. North America Cafes & Bars Market Size, Share and Forecast, By Outlet, 2020-20268.2. North America Cafes & Bars Market Size, Share and Forecast, By Outlet, 2027-20338.3. Chained Outlets8.4. Independent Outlets
9. North America Cafes & Bars Market, By Location (USD Million) 2020-2033
9.1. North America Cafes & Bars Market Size, Share and Forecast, By Location, 2020-20269.2. North America Cafes & Bars Market Size, Share and Forecast, By Location, 2027-20339.3. Leisure9.4. Lodging9.5. Retail9.6. Standalone9.7. Travel
10. North America Cafes & Bars Market Forecast, 2020-2033 (USD Million)
10.1. North America Cafes & Bars Market Size and Market Share
11. North America Cafes & Bars Market, By Region, 2020-2033 (USD Million)
11.1. North America Cafes & Bars Market Size and Market Share By Region (2020-2026)11.2. North America Cafes & Bars Market Size and Market Share By Region (2027-2033)11.3. Canada11.4. Mexico11.5. United States11.6. Cuba11.7. Panama11.8. Greenland11.9. Rest of North America
12. Company Profile
12.1. Dutch Bros Inc
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Focus Brands LLC
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Inspire Brands Inc
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. International Dairy Queen Inc
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Mab Holding Company SÀRL
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. McDonald's Corporation
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. MTY Food Group Inc
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Restaurant Brands International Inc
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Smoothie King Franchises Inc
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Starbucks Corporation
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Cafes & Bars Market is projected to reach USD 314.22 billion by 2033, growing at a CAGR of 11.46% during the forecast period.
North America Cafes & Bars Market grew in Market size from 2024. The Market is expected to reach USD 314.22 billion by 2033, at a CAGR of 11.46% during the forecast period.
North America Cafes & Bars Market CAGR of 11.46% during the forecast period.
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North America Cafes & Bars Market size is USD 314.22 billion from 2024 to 2033.
North America Cafes & Bars Market is covered By Cuisine, By Outlet, By Location.
The North America is anticipated to have the highest Market share in the North America Cafes & Bars Market.
The key players in the Market include Companies Covered Dutch Bros Inc, Focus Brands LLC, Inspire Brands Inc, International Dairy Queen Inc, Jab Holding Company SÀRL, McDonald's Corporation, MTY Food Group Inc, Restaurant Brands International Inc, Smoothie King Franchises Inc, Starbucks Corporation.
Cafes and bars are facilities that offer a casual and relaxed ambiance in which people can enjoy a range of food and beverages. Cafes normally serve light meals, snacks, and coffee-based beverages, whereas bars provide a wider range of alcoholic and non-alcoholic beverages, as well as appetisers and, on occasion, full meals.
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