, APAC
204 views

APAC hailed as largest F&B stores market in 2020

Globally, the market is expected to benefit from a steady economic growth.

Asia Pacific emerged as the largest region in the global food and beverage stores market in 2020, accounting for 63% of the market, according to a report from The Business Research. It is followed by Africa, which accounted for 12% of the global market.

The global food and beverage stores market size is expected to grow from $1.71t in 2020 to $1.87t in 2021 at a compound annual growth rate (CAGR) of 9.7%, mainly attributed to the companies rearranging their operations and recovering from the pandemic.

The market is expected to reach $2.47t in 2025 at a CAGR of 7%, as it will benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund predicts that the global GDP growth will be 3.4% in 2021.

Recovering commodity prices after a decline in the historic period is further expected to be a significant factor driving economic growth. Emerging markets are also expected to continue to grow slightly faster than the developed markets in the forecast period.

“Greater economic growth is likely to drive public and private investments, joint ventures, foreign direct investments in the end-user markets, thereby driving the market during forecast period,” the report stated.

Follow the link for more news on

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

K3Mart memadukan budaya Korea dan produk UMKM lokal dalam satu gerai

Convenience store itu menyediakan perbandingan produk impor dan produk lokal sebesar 50:50 di 30 outlet mereka.

Meningkatkan penelusuran dan efisiensi manajemen inventaris dengan barcode 2D GS1

Barcode 2D ini berfungsi sebagai penyimpanan data yang kompak.

The Coffee Bean & Tea Leaf menyeimbangkan kualitas dan kenyamanan melalui produk ritel

Mereka memperluas rangkaian produk termasuk berbagai kopi single-origin yang disesuaikan dengan preferensi pemanggangan yang berbeda.

KCG menguasai brand positioning untuk segmen premium di Indonesia

Mereka mengadopsi solusi berbasis teknologi terbaru untuk sukses mengelola 92 toko ritel di 20 kota di Indonesia.

Ini alasan brand-brand mewah meningkatkan investasi AI

Sektor ini telah menginvestasikan lebih dari $360 juta dalam AI selama tiga tahun terakhir.

Bacha Coffee menguasai retail kaya sensorik di Jakarta

Memadukan warisan dan kemewahan, Bacha Coffee Plaza Senayan menghadirkan pengalaman unik bagi pecinta kopi Indonesia.

Bagaimana WCT Malls meningkatkan penjualan tenant melalui pemasaran terarah

Melalui pemasaran terarah, mal ini meningkatkan penjualan tenant dan tingkat okupansi.