According to the latest report from the IMARC group, entitled “West Africa Foodservice Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, the The catering services market in West Africa reached a value of US$5.3 billion in 2020. Looking ahead, IMARC Group expects the market to reach a value of US$6.2 billion US dollars by 2026.
Food services refer to activities related to the preparation and serving of food to consumers who dine away from home. They include both commercial and non-commercial operations, such as fine dining and fast food restaurants; school and hospital canteens; and caterers and food truck operators. Over the past few years, the food service industry in West Africa has witnessed a rapid expansion as the large and growing population of West African countries offers vast growth opportunities for service providers. of restoration. Other than that, consumers’ drive to experience bold flavors, premium alternatives, and more. has also boosted the growth of the catering services market in West Africa.
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West Africa Foodservice Market Trends:
Due to social and economic changes in West Africa, there has been a change in the food consumption habits of consumers. Rising employment rates and disposable incomes have led to the expansion of the middle class, which develops a taste for “aspirational” Western foods, such as hamburgers or European dishes.
With this in mind, several international fast food and restaurant chains have made inroads into major regional markets. These companies are introducing food products made with local ingredients to attract new consumers. A number of local restaurants have also opened and offer regional and traditional dishes to western fast food outlets.
Moreover, increasing migration rates have also diversified the dietary habits of consumers, especially in urban areas.
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West Africa Foodservice Market Analysis and Segmentation 2021-2026:
Market breakdown by distribution channel:
Market Breakdown by End Use:
- Commercial
- Non-commercial
Market Breakdown by Retail Type
Market Breakdown by Segments:
- Consumers
- Full-service restaurants
- fast food
- Kiosks/street stalls
- Cafes and Bars
Breakdown of the market by country:
- Nigeria
- Ghana
- Ivory Coast
- Senegal
- Others.
Competitive Landscape:
The competitive landscape of the market has been examined in the report and profiles of key players have also been provided.
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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