Chile - The Future of Foodservice to 2028

Chile - The Future of Foodservice to 2028 Summary “Chile - The Future of Foodservice to 2028” published by GlobalData provides extensive insight and analysis of the Chilean Foodservice market over the next five years (2023-28) and acts as a vital point of reference for operators or suppliers. In 2023, Chile recorded annual nominal GDP per capita growth of 5.9% due to the strong performance of the industrial and services sectors. In 2023, Chile’s tourism sector fully rebounded as the country emerged from the downturn caused by the pandemic. Coastal resorts were once again busy with foreign tourists, serving as a reliable reservoir of foreign reserves. The working-age population (aged 15-64) accounted for 67.6% of the total population in 2023. However, the proportion of the working-age population is expected to decline to 65.8% by 2028. As of 2023, 19.3% of the population were under 15 years, while 13.1% were aged 65 years and above. The share of the young-age population (0-14) will decline to 18.4% by 2028. The report includes - - Overview of Chile's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Chilean 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 the Chilean 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 Chilean population. - Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets. Scope - The Chilean foodservice profit sector generated total revenue of CLP8 trillion ($9.5 billion) in 2023, recording a compound annual growth rate (CAGR) of 1.6% from CLP7.4 trillion ($11.5 billion) in 2018. However, the number of transactions declined at a negative CAGR of 2.2%. The number of outlets recorded a CAGR of 0.8% during 2018-23. FSR led the foodservice profit sector in 2023, accounting for 47.1% of total sales. - The foodservice profit sector is expected to reach CLP12.3 trillion ($14 billion) in 2028, registering a strong CAGR of 9.2% during 2023-28, while the number of transactions will achieve a CAGR of 6.1%. Reasons to Buy - Specific forecasts of the foodservice market over the next five years (2023-28) 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 to understand the wants and needs of their target demographics.