Metaverse in FnB Market Size, Share, Growth Analysis, By Application(Advertisement, increasing consumer engagement, events and corporations), By Technology(Blockchain, Virtual Reality and Augmented Reality, Mixed Reality, Others), By Component(Hardware, software, Services), By Region - Industry Forecast 2024-2031

Metaverse in FnB Market size was valued at USD 250.8 billion in 2019 and is poised to grow from USD 270.36 billion in 2023 to USD 499.9 billion by 2031, at a CAGR of 7.8% during the forecast period (2024-2031)

Metaverse in FnBs are becoming popular since they need to quickly adapt to accelerating digital behaviors. Technological advancement and innovations are part and parcel of the F&B industry. These technological perspectives of food brands need to be changed the way they are engaging with the Consumer. Not only the major industries of food and beverage can make proper impact through web towers. Even Legacy restaurant brands have an opportunity to create unique and compelling digital experiences through Metaverse.

According to a PwC survey, 66% executives reported that their companies are actively engaged in metavers and 82% said that they expect Metavers' plan to be part of their business activities within 3 years. Metaverse also offers huge potential for food and beverages brands to interact with customers in new ways, many executives claim that they can use metaverse to create virtual content for customers to engage. The last year anniversary of Coca Cola was celebrated by them in metaverse by dropping a new digital collectible, of which there are now more than 4000. To establish a metaverse in the food and beverage industry. The industries have to set people and tech priorities, assess risk and engage key stakeholders, use data with care, be relevant, useful and purposeful

US Metaverse in FnB Market is poised to grow at a sustainable CAGR for the next forecast year.