According to the latest report from the IMARC group, entitled “West Africa Foodservice Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, the foodservice market in West Africa reached a value of US$4.9 billion in 2021. Looking ahead, IMARC Group expects the market to be anticipated to grow at a CAGR of 8.80% over the period 2022-2027. Foodservice refers to businesses that include the preparation, serving and delivery of food products to customers. These services are typically deployed in financial institutions, hospitals, and restaurants. They are classified into conventional and centralized systems, in which the conventional system involves the preparation and serving of food products in the same premises. On the other hand, food products are prepared in bulk, which are then transported to the kitchens at several places in the centralized system. Continuous improvements in distribution channels across West Africa are having a positive impact on the catering services market in the region.
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West Africa Foodservice Market Trends:
The market in West Africa is mainly driven by changing eating habits of the masses. Coupled with the changing lifestyle preferences of individuals and the busy lifestyles and hectic schedules of working professionals, there has been a tremendous increase in the demand for catering services. In this light, the swelling disposable income level of individuals and the growing popularity of international cuisines are creating a positive outlook for the market. In addition, the proliferation of chain restaurants and cafes in the region is also acting as a major growth factor. Moreover, the continuous technological advancements including the launch of online food ordering apps are giving impetus to the growth of the market. Furthermore, the penetration of high-speed internet connectivity in the region and the growing adoption of smartphones are driving the growth of the market. Apart from this, increasing investments by key players to develop robust marketing strategies and promotional campaigns are positively influencing the growth of the market. Other factors including rapid urbanization and continuous improvements in the food and beverage and travel and tourism sectors are further contributing to the growth of the market in West Africa.
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West Africa Foodservice Market Analysis and Segmentation 2022-2027:
Market breakdown by distribution channel:
Market Breakdown by End Use:
Market Breakdown by Retail Type
Market Breakdown by Segments:
- Full-service restaurants
- fast food
- Kiosks/street stalls
- Cafes and Bars
Breakdown of the market by country:
- Ivory Coast
The competitive landscape of the market has been examined in the report and the profiles of key players have also been provided.
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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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