North America Cafes & Bars Market Revenue, Share and Size

Cafes and bars provide a casual and comfortable environment in which customers can enjoy a variety of foods and beverages. Cafes typically serve light meals, snacks, and coffee-based beverages, whereas bars offer a broader selection of alcoholic and non-alcoholic beverages, appetisers, and, on occasion, full meals. These places usually have distinct themes or styles that cater to certain consumer preferences, such as sports bars, wine bars, or jazz cafés.

According to SPER Market Research, ‘North America Cafes & Bars Market Size- By Cuisine, By Outlet, By Location – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the North America Cafes & Bars Market is estimated to reach USD 314.22 billion by 2033 with a CAGR of 11.46%.

Drivers:

The growing popularity of nightlife, as well as an increase in the number of college and high school students socialising in cafes, are two major factors driving the growth of the North American café and bar industry. Increased consumption of beverages like coffee, tea, whisky, and tequila, among others, is propelling industry expansion.

Several international corporations are entering the US market to expand their presence on the North American continent. Camel Coffee, a well-known South Korean coffee company, announced in April 2024 that it will open its first outlet in Silver Lake, United States. According to the market analysis, several of Camel’s most popular drinks, including its well-known Camel Coffee, are expected to be available.

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Restraints:

The growing popularity of home-cooked meals presents a substantial challenge to market expansion. Some people prefer home-cooked meals to restaurant meals because they are concerned about the perceived unhealthiness of restaurant cuisine, which usually contains high levels of carbohydrates, added sugar, salt, unhealthy fats, and artificial additives.

Furthermore, this increases the risk of cardiovascular disease, diabetes, and obesity. Furthermore, homemade meals are less expensive than eating out and offer higher nutritional value thanks to fresh, clean ingredients. This move towards healthy home cooking jeopardises the global market’s growth, especially among health-conscious consumers like millennials and baby boomers.

Impact of COVID-19 on North America Cafes & Bars Market

The COVID-19 pandemic of 2020 has severely curtailed the demand for the services provided by bars and cafes across the globe as governments have placed limits on both local and international travel. Businesses have suffered as a result of the epidemic in 2020 and 2021. Since the incident was a “black swan” and unrelated to enduring or fundamental flaws in the market or the global economy, it is anticipated that the bars and cafés market will recover from the shock over the course of the forecast period.

North America Cafes & Bars Market Key Players:

The North American cafes & bars market was dominated by the United States. Major players in the market are Dutch Bros Inc, Focus Brands LLC, Inspire Brands Inc, International Dairy Queen Inc, Jab Holding Company SÀRL, and Others.

North America Cafes & Bars Market Segmentation:

By Cuisine: Based on the Cuisine, North America Cafes & Bars Market is segmented as; Bars & Pubs, Cafes, Juice/Smoothie/Desserts Bars, Specialist Coffee & Tea Shops.

By Outlet: Based on the Outlet, North America Cafes & Bars Market is segmented as; Chained Outlets, Independent Outlets.

By Location: Based on the Location, North America Cafes & Bars Market is segmented as; Leisure, Lodging, Retail, Standalone, Travel.

By Region: This research also includes data for Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

North America Cafes & Bars Market Analysis

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