Argentina Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Argentina Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players and Forecast to 2027

Summary

“Argentina - The Future of Foodservice to 2027” published by GlobalData provides extensive insight and analysis of the Argentine Foodservice market over the next five years (2022-27) and acts as a vital point of reference for operators or suppliers.

The foodservice profit sector generated revenue of ARS1.4 trillion ($10.9 billion) in 2022, registering a CAGR of 33.7% during 2017-22. The number of transactions decreased at a negative CAGR of 7% during 2017-22, while the number of outlets fell at a negative CAGR of 1.1%.

Pub, club & bar generated the highest value sales of ARS376.7 billion ($2.9 billion) among all the foodservice outlets. However, the coffee & tea shop channel led the profit sector in terms of the number of transactions. With Argentina winning the FIFA world cup in 2022, the instances of socializing grew which stimulated the consumption of food and beverages at foodservice channels.

The foodservice profit sector is expected to reach ARS23.4 trillion ($25.1 billion), registering a strong CAGR of 75% during 2022-2027. Chain operators remained particularly dominant across the QSR and ice cream parlor channels in 2022.

The report includes -

• Overview of Argentina’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Argentina’s foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) within Argentina’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Argentine population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• Argentina’s nominal GDP per capita posted an annual increase of 74.5% in 2022. The growth can be attributed to the improvement in the hospitality and restaurant sector as the authorities in Argentina eased the COVID-19-related travel restrictions. Consumer price inflation in Argentina reached a staggering 71.4% in 2022 from 46.7% in 2021¹. Inflation was seen due to the increase in the global prices of food and fuel5The foodservice profit sector generated revenue of ARS1.4 trillion ($10.9 billion) in 2022, registering a CAGR of 33.7% during 2017-22. The operational restrictions on the restaurants severely impacted the sector during 2020 and 2021. The number of transactions decreased at a negative CAGR of 7% during 2017-22, while the number of outlets fell at a negative CAGR of 1.1%. The foodservice profit sector is expected to reach ARS23.4 trillion ($25.1 billion), registering a strong CAGR of 75% during 2022-2027. However, the growth in USD terms will register a modest CAGR of 18.2% due to the weakening of Argentine Peso. Chain operators remained particularly dominant across the QSR and ice cream parlor channels in 2022.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022-27) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.