Copyright © IMARC Service Pvt Ltd. All Rights Reserved West Africa Food Services Market Research Report and Forecast Till 2024

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Report Description Report Description and Highlights West Africa Food Services Market Report By End-Use (Commercial and Non-commercial), Food Service Type (Full-Service Restaurants, Fast-Food Joints, Streets Kiosks/Stalls, Cafes & Bars and Others), Distribution Channel, Retail Type, Region The West Africa food services market has experienced a positive growth over the past few years. This can be accredited to factors such as willingness of consumers to try new flavours and premium food products, increasing adoption of western lifestyles and rise in migration rates. Market Overview: According to the latest report by IMARC Group, titled “West Africa Food Services Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast ”, the West Africa food services market reached a value of more than US$ 5 Billion in Food services refer to activities involved in preparing and serving food to consumers dining out of home. They include both commercial and non- commercial operations, such as fine dining and fast food restaurants; school and hospital cafeterias; and caterers and food truck operators. Over the past few years, the food services industry in West Africa has witnesses rapid expansion as the large and growing population in West African countries offers vast growth opportunities for food service providers. Apart from this, willingness of the consumers to experience bold flavours, premium alternatives, etc. has further been driving the growth of the food services market in West Africa.

Report Description Report Description and Highlights Market Trends: Due social and economic changes in the West Africa, there has been a shift in the food consumption patterns of the consumers. The rising employment rate and disposable incomes have led to the expansion of the middle-class, which is developing a taste for ‘aspirational’ Western foods, such as burgers or European dishes. In line with this, several international fast food and restaurant chains have forayed into the larger regional markets. These companies are introducing food items made with local ingredients so as to attract new consumers. A number of local restaurants have also opened up which provide regional and traditional dishes to western fast foods. Additionally, the increase in migration rates have also diversified the food habits of the consumers, specifically in urban areas. Looking forward, the market value is projected to reach US$ X Billion by 2024, expanding at a CAGR of X% during West Africa Food Services Market Segmentation: Market Segmentation by End-Use o Commercial Request for a sample report:

Sample Figure: West Africa: Food Services Market Forecast: Value Trends (in Million US$), Market Forecast

Report Description Market Segmentation Non-commercial Based on end-use, the market has been segregated into commercial and non-commercial sectors. The commercial sector holds the majority of the total market share on account of an increase in the trend of dining out among the young and working consumers. Market Segmentation by Food Service Type Full Service Restaurants Fast-Food Joints Streets Kiosks/Stalls Cafes and Bars Others The different type of service segments available to the consumers in West Africa include full-service restaurants, fast-food joints, street kiosks/stalls, and cafes and bars. Amongst these, full service restaurants represent the largest segment. Market Segmentation by Distribution Channel For more information, click here:

Report Description Market Segmentation Online Offline The food services market in West Africa has been segmented on the basis of retail modes which include online and offline. Currently, offline mode of retail dominates the market, holding majority of the total market share. Market Segmentation by Retail Type Eat-In Take Away On the basis of retail type, the market has been divided into eat-in and take away. In West Africa, consumers currently prefer the eat-in type of foodservice retail. Market Segmentation by Country Nigeria Ghana Cote d’ Ivoire

Report Description Market Segmentation Senegal Others On a geographical front, Nigeria represents the largest food service market in West Africa. This can be attributed to the large population-base in the country which has encouraged various food service providers to enter the market and establish their outlets. Nigeria is followed by Ghana, Cote d' Ivoire and Senegal. Competitive Landscape: The competitive landscape of the West Africa food services market has also been provided along with the profiles of key players operative in the region. In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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