Chile Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Chile Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“Chile Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the Chile Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

Chile’s nominal GDP per capita recorded an annual increase of 18.3% in 2021. The Chilean Government has introduced various economic recovery programs and fiscal packages to support businesses, households, and individuals impacted by COVID-19, by offering credit and liquidity benefits. Consumer price inflation (CPI), which stood at 4.5% in 2021, is anticipated to increase to 9.3% in 2022. The overall value of Chile’s foodservice profit sector declined at a negative CAGR of 6.7% during 2016-21, falling to CLP4,806.6 billion ($6.3 billion) in 2021. This decline was due to a substantial drop in the number of transactions in 2021, owing to the COVID-19 pandemic. FSR, the leading channel, accounted for 49.8% of profit sector sales in 2021, with sales of CLP2,394.6 billion ($3.2 billion), followed by QSR, which held a 19.2% share with sales of CLP921.1 billion ($1.2 billion).

The report includes -

• Overview of Chile’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Chile'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, and Coffee & Tea Shop) within Chile’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 Chile population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

• The Chilean foodservice profit sector generated total revenue of CLP4,806.6 billion ($6.3 billion) in 2021, declining at a negative CAGR of 6.7% from CLP6,797.4 billion ($10 billion) in 2016. The decline was primarily due to significant reductions in the number of transactions during 2016-21, which fell at a negative CAGR of 6.8%. However, the number of outlets recorded growth at a CAGR of 0.5%.
• FSR and QSR were the top two channels in the profit sector, accounting for a combined share of 69% of value sales in 2021. FSR, the leading channel, recorded sales of CLP2,394.6 billion ($3.2 billion), followed by QSR, with sales of CLP921.1 billion ($1.2 billion).
• Pub, club & bar was the third-largest channel by revenue at a value of CLP492.7 billion ($0.6 billion) or 10.3% of the overall market revenue. This channel was followed by accommodation and workplace channels, with shares of 10.2% and 4.8%, respectively. Moreover, travel, ice cream parlor, and mobile operator channels accounted for minor shares of the sector’s sales.

• Specific forecasts of the foodservice market over the next five years (2021-2026) 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, and Coffee & Tea Shop) will allow readers understand the wants and needs of their target demographics.