The HoReCa market, which stands for Hotel, Restaurant, and Catering, is a rapidly growing sector that includes a wide range of businesses such as hotels, restaurants, cafes, catering services, and other food and beverage service providers. This market is experiencing significant growth due to several factors.
According to UnivDatos Market Insights (UMI)’ research report, Global HoReCa Market is expected to display an elevated CAGR of ~3% over the forecast period (2021-2027)
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One of the key drivers of growth in the HoReCa market is the increasing demand for dining out and socializing among consumers. With the rise in disposable income and changing lifestyles, people are increasingly looking for unique dining experiences and are willing to spend more on food and beverages.
Moreover, the growing popularity of online food ordering and delivery services is also driving the growth of the HoReCa market. Online food ordering and delivery services have become a convenient and affordable option for consumers, leading to the emergence of new players in the market.
Furthermore, the growing trend of healthy eating and the increasing demand for organic and natural foods is also driving the growth of the HoReCa market. Consumers are increasingly looking for healthy food options and are willing to pay more for organic and natural foods.
However, there are some challenges that the HoReCa market is currently facing. One of the major challenges is the high competition in the market, which can affect the profitability of businesses. Moreover, the increasing labor costs and the shortage of skilled workers in the hospitality industry is also a challenge that needs to be addressed by businesses.
Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL HORECA MARKET COVID-19 IMPACT
6 GLOBAL HORECA MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY SERVICE TYPE
8 MARKET INSIGHTS BY CATEROGY
9 MARKET INSIGHTS BY REGION
10 HORECA MARKET DYNAMICS
11 HORECA MARKET OPPORTUNITIES
12 HORECA MARKET TRENDS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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Overall, the HoReCa market is expected to witness significant growth in the coming years, driven by factors such as the increasing demand for dining out and socializing, the popularity of online food ordering and delivery services, and the growing trend of healthy eating. However, businesses need to address the challenges and adapt to the changing market dynamics in order to capitalize on the opportunities presented by the market.