Consumer, Food, & Retail Industry

Discover the vibrant landscape of the global real estate market in 2024, boasting a robust growth trajectory with revenues surging from $4.02 trillion in 2023 to $4.31 trillion.

eSports is a form of video-game-based competition that has seen significant revenue and viewership growth in recent years. Much of the revenue is coming from advertising dollars from brands, such as ads shown during live streams on online platforms, video-on-demand content of matches, or on eSports TV. And competitive gaming is becoming more mainstream than ever. 

The global food & beverage services market is forecast to grow from $3,232.94 billion in 2021 to $3,678.61 billion in 2022. That represents a compound annual growth rate (CAGR) of 13.8%. Growth is primarily due to companies rearranging operations amid recovery from the COVID-19 pandemic that resulted in so many challenges for the industry. By 2026, the market is expected to surge to $5,235.52 billion at a CAGR of 9.2%.In 2021, the largest region in the food & beverage services market was the Asia Pacific region, followed by North America.The industry will continue to benefit from the increasing digitalization of food services. Consumers ordered more food online during the pandemic and are continuing to prefer to do so. This trend is likely to continue and will drive the market in the future.Technology is also being adopted in more restaurants to improve customer satisfaction and drive sales. These innovations include self-ordering touchscreen kiosks and a variety of mobile apps for customized orders, quick payment, digital entertainment, and gaming.Inflation, Supply Chains, and Labor ShortagesWhile COVID lingers, numbers improve, and many restrictions are lifted. But other issues are facing the industry. These include inflation, ongoing supply chain problems, and widespread labor shortages. Inflation is a problem everyone faces, including consumers, food processors, grocers, and restaurateurs. This high inflation is expected to persist through most of 2022. Meat processors now have to predict how inflation and supply issues will impact consumer behaviors. Most supply chain issues were due to restrictions and shutdowns during the pandemic. But that is not the only cause. There have been unpredictable and increasing demand from overseas. And extreme weather issues have been causing problems for agriculture, affecting the production of a wide range of products and services.But the common thread that can be identified through all of these issues is the lack of labor. Nothing gets produced, processed, packaged, transported, cooked, or served without struggle. Labor shortages are expected to be a massive factor for the food & beverage industry this year. Plant-Based FoodsPlant-based alternative proteins continue to disrupt the food & beverage space as more companies get in on the trend, causing the prices to drop. Consumers are becoming more interested in trying these products, especially as meat costs are up due to inflation. Data shows that more customers are willing to try these products for the first time. However, there are challenges to getting them to come back. Many people still find the flavor unappealing. These products are also highly processed, so the nutritional numbers are not as good as one might expect from a “vegetarian” type of product. Most plant-based products are still high in fat and sodium and some mysterious-sounding ingredients. Food companies view the plant-based category as one of its own rather than a replacement for actual meat products.

This real estate industry report dives into what to expect in this sector for 2022 and highlights key trends for the upcoming years.

The COVID-19 pandemic has had a negative impact on all classes of commercial real estate. Yet, it also created some new opportunities within the commercial real estate (CRE) market, such as affordable rental prices, improved digital communication and payment facilitation, as well as new opportunities for business owners and investors. And further recovery is well underway.  

The COVID-19 pandemic and the resulting government responses have had a significant impact on consumer spending, with retailers closed for months and shoppers staying home starting in the early part of 2020, with the timing of closures varying by country. Many consumers continue to stay home, even as most businesses have reopened. Online shopping has surged due to the pandemic. In the U.S. and Canada, e-commerce orders are up 146%.

The real estate industry, both commercial and residential, is undergoing transformation due to the effects of the COVID-19 pandemic. People are working from home, traveling less, and some are migrating to smaller cities. Digitalization is becoming more prevalent, as owners, developers and managers of properties are seeking out virtual and touchless solutions to ensure safety and boost efficiency in a competitive market. Middle-market companies that keep up with the demand for innovation are poised to thrive under these new-normal conditions. 

The global leisure industry is comprised of restaurants, bars, hotels, casinos, sports facilities, travel agencies, tour operators and other customer-focused business segments. This industry is subject to some very specific influential factors such as geopolitics, weather conditions, natural catastrophes, fuel costs, and changing consumer habits and demands. Technology also plays a key role in how people plan their activities and choose to experience them. This presents new opportunities for growth, and at the same time, new challenges.

Hotel and hospitality brands have an insatiable appetite for rapid growth and there is an endless ongoing battle for global share. Because the industry is highly fragmented and brand driven (the top hotel brands only account for a third of rooms worldwide), mergers and acquisitions are always on the table as a key growth strategy. Since 1985, there have been more than 13,800 deals in the hotel and lodging industry, valued at $809 billion.

The Course of the Apparel Industry