Dubai, UAE, 18 February 2020 – Despite slowing restaurant growth and shifts in consumer dining patterns, the Food and Beverage (F&B) market is still booming. According to JLL’s Foodservice Trends 2020, Europe’s fast casual sector is expected to reach $17 billion in revenue by 2024, and with populations steadily increasing, the growth across the foodservice landscape is likely to continue.
Technology in the foodservice arena is prominent as ever as we enter the next decade. This is seen maturing in the global delivery market as part of the dining experience. Between 2017 and 2023, the online delivery market in Europe is forecasted to increase by more than $4 million dollars in revenue.
“Consumers value the demand for convenience,” said Paulina Herrmann, Foodservice Consultant at JLL and lead author of the report. “The convenience of using technology, cashless payments and service to your front door is driving restaurants to innovate and bring the dining experience to the consumer.”
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