The bars and cafés industry offer alcoholic and non-alcoholic beverages and limited food services for immediate on-premise consumption. This industry includes bars, taverns, pubs, night clubs and lounges but does not include civic or social association bars, beer, wine and liquor stores and restaurants and nightclubs that do not serve alcoholic beverages.
The bars and cafés market is valued at $562 billion in 2017 due to increasing use of coffee shops for informal & formal business meetings. Businesses are encouraging discussions and client meetings in coffee shops for various reasons such as their informal environment, cost saving and general convenience.
South America was the largest region in the bars and cafes market in 2017, accounting for one-third of the market share.
The market in the report is segmented into: drinking places (alcoholic beverages) and snack and non-alcoholic beverage bars.
Brazil was the largest country in the bars and cafes market in 2017, accounting for almost one fifth of the market share. This was mainly attributed to a large proportion of young and millennial population spending their time in bars and cafes as a past time. Brazil was followed by USA and Japan.
The top five competitors in the market made up almost 6% of the total market in 2017. Starbucks was the largest competitor of the market followed by Whitbread PLC, Lavazza, Buffalo Wild Wings and Dunkin’ Brands. Starbucks Corporation was the largest company in the bars and cafés market in 2017 with 4% share of the market. Starbucks Corporation is a coffee company and coffee house chain headquartered in Seattle, Washington, USA. Apart from coffee, the company sells tea and other beverages, and a range of fresh food items, through Company-operated stores and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts in 68 countries around the world.
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