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Price, Growth, Trends, Demand, Share & Size Analysis – Stillwater Current

According to the latest report from the IMARC group, entitled “West Africa Food Service Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, the The catering market in West Africa reached a value of US $ 5.3 billion in 2020. Looking ahead, IMARC Group expects the market to reach a value of US $ 6.2 billion by 2026.

Food services are the activities related to preparing and serving food to consumers who dine away from home. They include both commercial and non-commercial operations, such as gourmet restaurants 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 grown rapidly as the large and growing population of West African countries offers vast growth opportunities for service providers. food. Apart from that, the consumers’ desire to experience bold flavors, premium alternatives, etc. has also boosted the growth of the food service market in West Africa.

As the novel coronavirus (COVID-19) crisis sweeps the world, we are continually monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values. forecasts after examining the impact of this pandemic.

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Foodservice market trends in West Africa:

Due to social and economic changes in West Africa, there has been a shift in the food consumption patterns of consumers. The increase in the employment rate and disposable income has led to the expansion of the middle class, which is developing a taste for “ambitious” Western foods, such as burgers or European dishes. With this in mind, several international fast food and restaurant chains have made foray into the large regional markets. These companies introduce food products made from local ingredients in order to attract new consumers. A number of local restaurants have also opened, offering regional and traditional fare to Western fast food outlets. In addition, increasing migration rates have also diversified the eating habits of consumers, especially in urban areas.

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Key market segmentation:

Market breakdown by distribution channel:

Market breakdown by end use:

  • Commercial
  • Non commercial

Market breakdown by type of retail business

Market breakdown by segments:

  • Consumers
  • Full service restaurants
  • fast food
  • Kiosks / street stalls
  • Cafes and bars

Market breakdown by country:

  • Nigeria
  • Ghana
  • Ivory Coast
  • Senegal
  • Others.

Competitive landscape:

The competitive landscape of the market has been examined in the report and the profiles of major players have also been provided.

Highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the top of the market. business expertise.

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