Pubs, Bars, and Nightclubs Market to Record a CAGR of 4.28% by 2026 | Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2026

NEW YORK, Dec. 29, 2021 /PRNewswire/ -- The "Pubs, Bars and Nightclubs Market by Product (beverages and foods) and Geography (Europe, APAC, North America, MEA, and South America) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering.

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The Pubs, Bars, and Nightclubs Market value is set to grow by USD 24.60 billion, progressing at a CAGR of 4.28% from 2021 to 2026, as per the latest report by Technavio

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

• Market Driver
• Market Challenges

One of the key factors driving growth in the pubs, bars, and nightclubs market is the increasing number of pubs and bars. The growing concept of socializing at bars and pubs among urban youth is expected to drive the market. The growth in the influx of people to urban areas and a substantially large white-collared demographic have increased the number of bars and pubs. Varied tastes and preferences for different types of premium beverages have led to the emergence of premium bars and pubs. The growth in infrastructure like new airports and expressways in developing countries encourage the restaurant and hotel chains to establish rooftop bars and pubs.

The threat from the rising popularity of home-cooked food and takeaway services will be a major challenge for the pubs, bars, and nightclubs market during the forecast period. Food items found in bars and pubs contain large amounts of carbohydrates, added sugar, salt, unhealthy fats, and artificial food additivities. Therefore, such foods are perceived to be unhealthy by some consumers. This, in turn, increases the risk of various lifestyle-borne diseases. Home-cooked meals are more economical and nutritional compared to dining out/takeaway foods. Home-cooked food also has more nutritional value, as fresh, perishable, hygienic, and uncontaminated ingredients are used. Home-cooked food is likely to impede the market's growth, as consumers are increasingly becoming more health-conscious.

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The pubs, bars and nightclubs market report is segmented by Product (beverages and foods) and Geography (Europe, APAC, North America, MEA, and South America).  

The pubs, bars, and nightclubs market share growth by the beverages segment will be significant during the forecast period. The increasing demand for alcoholic beverages such as tequila, whiskey, and cognac, coupled with stiff government regulations related to distribution and import, are major factors influencing the segment growth. The increase in the demand for craft beer, premium alcoholic drinks, and imported brands is expected to drive the global pubs, bars, and nightclubs market.

View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Some Companies Mentioned

• Accor S.A.
• Attaboy
• Chyau Fwu Wines and Spirits Pte Ltd
• Floreria Atlantico
• J D Wetherspoon plc
• Kings Head Pub
• Maybourne Hotel Group.
• Mitchells and Butlers plc
• The Atlas
• The Clumsies

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Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation 
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio