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

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Presentation on theme: "Copyright © IMARC Service Pvt Ltd. All Rights Reserved West Africa Food Services Market Research Report and Forecast Till 2024."— Presentation transcript:

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

2 IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results. Report Description About IMARC Group

3 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 2019-2024”, the West Africa food services market reached a value of more than US$ 5 Billion in 2018. 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.

4 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 2019-2024. West Africa Food Services Market Segmentation: Market Segmentation by End-Use o Commercial Request for a sample report: https://www.imarcgroup.com/west-africa-food-services-market/requestsample

5 Sample Figure: West Africa: Food Services Market Forecast: Value Trends (in Million US$), 2019-2024 Market Forecast

6 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: https://www.imarcgroup.com/west-africa-food-services-markethttps://www.imarcgroup.com/west-africa-food-services-market

7 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

8 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.

9 Our Team Comes From Some of the Top Universities Globally. 5% Others Average Experience of 7+ Years 60% Engineering and Science 35% Business Studies Over 2000 Independent Consultants from different sectors. Team Profile

10 A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients

11 A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients

12 Report Description Report Description and Highlights © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

13 FOR MORE DETAILS Visit us at : Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com https://www.imarcgroup.com Contact Us


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