EMEA HoReCa Market: Current Analysis and Forecast (2023-2030)

Report Description

The EMEA HoReCa market is expected to grow at a steady rate of around 4.3%. The HoReCa (Hotels, Restaurants, Cafes and Bars) market in the EMEA (Europe, Middle East, and Africa) region is experiencing robust growth, driven by several key factors. One significant driver is the increasing influx of tourists across the region. European cities like Barcelona, Paris, and Rome have long been popular destinations, but emerging destinations in the Middle East and Africa are also attracting attention. For instance, Dubai has witnessed a substantial increase in the number of tourists over the past decade, leading to a surge in hotel investments, with many internationally renowned chains establishing a presence. Moreover, government initiatives in various EMEA countries, such as Greece’s “Golden Visa” program and Saudi Arabia’s Vision 2030, are encouraging foreign investments, including those in the HoReCa sector. These initiatives aim to boost tourism and hospitality infrastructure development.

Some of the major players operating in the market include Hilton Worldwide Holding Inc.; Hayatt Hotles Corporation; Marriott International Inc.; InterContinental Hotels Group Plc; McDonald’s Corporation; Yum! Brands, Inc.; Restaurant Brands International Inc.; Herfy.; KFC; The Coca-Cola Company. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Service type, the market is segmented into hotels, restaurants, Cafes, and bars. Among these, the hotels segment is expected to hold a considerable share of the market during the forecast period”.

Based on the Service type, the market is segmented into hotels, restaurants, Cafes, and bars. Among these, the hotels segment is expected to hold a considerable share of the market during the forecast period. The hotels segment within the HoReCa (Hospitality, Restaurant, and Catering) market is experiencing notable growth due to several key factors. The steady rise in international and domestic tourism is a significant driver. Travelers are seeking diverse and memorable accommodation experiences, from boutique hotels to luxury resorts, leading to an increased demand for hotel rooms. Moreover, the expanding middle class and rising disposable incomes in many EMEA (Europe, Middle East, and Africa) countries are fueling domestic tourism, further bolstering the hotel industry.

“Based on the category, the market has been categorized into Single Outlet and HoReCa Chain. Among them, the single outlet segment held a considerable market share in 2022.”

Based on the category, the market has been categorized into Single Outlet and HoReCa Chain. Among them, the single outlet segment held a considerable market share in 2022. Moreover, the market would witness a sharp rise in the forthcoming years owing to surging demand for ready-to-eat food and junk food from the millenniums. However, the HoReCa chain segment would witness skyrocketing growth in the forecast period of 2023-2030F.

EMEA HoReCa Market Report Coverage

“Saudi Arabia is expected to hold the highest market share during forecast period”

Saudi Arabia is expected to dominate the HoReCa market during the forecast period. The adoption of the HoReCa (Hotels, Restaurants, and Café and bars) market in Saudi Arabia is experiencing remarkable growth, reflecting a dynamic shift in consumer preferences and a burgeoning tourism sector. Saudi Arabia’s Vision 2030, a transformative economic and social agenda, has played a pivotal role in driving the expansion of the HoReCa industry. The government’s commitment to diversify the economy away from oil dependency has led to substantial investments in tourism and entertainment infrastructure. This, in turn, has attracted international hotel chains, renowned restaurant brands, and innovative catering services to establish a presence in the country. The growing young population, changing lifestyles, and a desire for culinary diversity are contributing to the thriving restaurant and cafe culture. Additionally, the rise of online food delivery platforms is making it easier for consumers to access a wide range of HoReCa services. As a result, the HoReCa market in Saudi Arabia is on a trajectory of sustained growth, poised to become a vibrant and integral part of the nation’s evolving economy and cultural landscape. in maintaining the country’s industrial prowess and commitment to high-quality engineering standards.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The EMEA HoReCa Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the EMEA HoReCa Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the EMEA HoReCa market were the three major steps undertaken to create and analyze the adoption of s in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the EMEA HoReCa market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the EMEA HoReCa market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the EMEA HoReCa market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major regions. Major segments are included in the report as service type and category. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the EMEA HoReCa market. Further, we conducted factor analysis using dependent and independent variables such as service type and category of the EMEA HoReCa market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the EMEA HoReCa market sector.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the EMEA HoReCa market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the EMEA HoReCa Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the EMEA HoReCa Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Countries

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the EMEA HoReCa market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the service type and category in the EMEA HoReCa Market.

The main objective of the EMEA HoReCa Market Study

The current & future market trends of the EMEA HoReCa market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the EMEA HoReCa market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the service type and category.
• Define and analysis of the regulatory framework for the HoReCa industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the EMEA HoReCa Market for the major region.
• Major countries studied in the report include Germany, The United Kingdom, France, Italy, Spain, and Rest of Europe
• Company profiles of the EMEA HoReCa Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team