The food market in West Africa is expected to reach $ 6.2 billion by 2026.
SHERIDAN, ALABAMA, UNITED STATES, Oct 13, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, “West Africa Food Services Market: Industry Trends, Share, Size, Growth, Opportunities, and Forecasts 2021-2026” the West African food service market reached a value of 5.3 billion US dollars in 2020. For the future, the IMARC Group expects the market to reach a value of 6.2 billion US dollars by 2026.
Food services refer to activities associated with preparing and serving food to consumers who eat out. They include both commercial and non-commercial establishments such as fine dining and fast food restaurants; School and hospital canteens; and caterers and food truck operators. In recent years, the food service industry in West Africa has experienced rapid expansion as the large and growing population in West African countries offers enormous growth opportunities for food service providers. In addition, consumer willingness to experience bold flavors, premium alternatives, etc. has continued to fuel the growth of the food service market in West Africa.
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Food Services Market Trends in West Africa:
Due to social and economic changes in West Africa, the food consumption behavior of consumers has changed. The rising employment rate and disposable income have led to the expansion of the middle class, who have developed a predilection for âambitiousâ Western foods such as burgers and European dishes. Accordingly, several international fast food and restaurant chains have ventured into the larger regional markets. These companies are introducing foods made with local ingredients to attract new consumers. A number of local restaurants have also opened, serving regional and traditional dishes through to western fast food. In addition, the rise in migration rates has also diversified consumer eating habits, particularly in urban areas.
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Key market segmentation:
Market division according to sales channel:
Market split according to end use:
Market breakdown by retail type
Market breakdown by segments:
Full service restaurants
Street kiosks / stalls
Cafes and bars
Market breakdown by country:
The competitive landscape of the market has been studied in the report, and the profiles of the major players have been provided as well.
Main highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Comprehensive mapping of the competitive landscape
Note: If you need certain information that is not currently included in the scope of the report, we can provide it to you as part of the customization.
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