New report published by Global QYResearch which offers insights on the global Concession Catering market. The Concession Catering market has witnessed significant growth in the past few years, and is expected to maintain this trend during the forecast period. The Global Concession Catering market is expected to increase to $35,637 million by 2023 from $27,325 million in 2018, growing at a CAGR of 5.46% from 2018 to 2023.
Global Concession Catering Market: Market Driver and Restraint
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Concession Catering industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
Global Concession Catering Market: Key Takeaways
- In the 21st century the world thinks on its feet. More and more people are moving from country to country, from continent to continent, for pleasure and for business. Catering for this vast, mobile and demanding population is a huge challenge and an exciting opportunity. By providing the right catering offer, travellers’ journeys can be enhanced, and their opinions transformed. A positive food and beverage experience can have a huge influence on travellers’ opinions of a location, encourage return visits and play a significant role in delivering word-of-mouth endorsements.
- The concession catering market is usually linked to the travel industry (exposure to airports, motorways and railways) and, as a result, is more cyclical. Also, the market has gradually become more competitive in recent years as the key players diversify from historical strongholds, with a focus on airports segment. The concession catering business can be in-house or can be outsourced to a specialist catering firm. The three main segments of the market include airport, motorways and railways, city sites & leisure.
Global Concession Catering Market: Forecast
This market is expected to continue to grow, led by the increase in air traffic which is set to double by 2034, representing an annual average growth rate of 3.8% (data source: IATA). The Global Concession Catering market is expected to increase to $35,637 million by 2023 from $27,325 million in 2018, growing at a CAGR of 5.46% from 2018 to 2023.
Global Concession Catering Market: Forecast by Region
Mainly in Europe and North America and other developed countries.The asia-pacific region will be the fastest-growing region.
Global Concession Catering Market: Key Players
Autogrill, SSP, Elior Group key vendors included in this report.
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