West Africa Food Services Market Overview 2018, Demand by Regions, Types and Analysis of Key Players

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    West Africa Food Services Market Growth
Induced by Changing Food Consumption Patterns

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Report Description and Highlights
Report Description
  West Africa Food Services Market Growth Induced
by Changing Food Consumption Patterns 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. According to the latest report by IMARC
Group, titled West Africa Food Services Market
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023, the West Africa food
services market reached a value of US 5 Billion
in 2017. 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.
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Report Description and Highlights
Report Description
West Africa Food Services 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 2023,
expanding at a CAGR of X during
2018-2023. Read more here http//bit.ly/2PKOVB
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Report Description and Highlights
Report Description

• West Africa Food Services Market Summary
• 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.
• 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.
• 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.
• The different type of service segments available
  to the consumers in West Africa include
  full-service restaurants, fast-food, street
  kiosks/stalls, and cafes and bars. Amongst these,
  full service restaurants represent the largest
  segment.
• 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.
• 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.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  1054flagB

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Report Description and Highlights
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