Brazil Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Brazil Foodservice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Brazil food service market is likely to witness a CAGR of 12.3% during the forecast period.

Key Highlights

• The Brazilian foodservice market consists of high-end hotels and restaurants that offer international cuisines to differentiate themselves from competitors, develop new niche markets, and gain high-end consumer attention.

Key Highlights

• Price, logistics, and bureaucratic costs of imported products are further pushing new chains to find local suppliers to source their products with more consumers willing to try new cuisines.

Key Market TrendsIncreasing Penetration of Foodservice in Brazil

More foodservice outlets are penetrating into the country, due to a growing older population with higher disposable income demanding cuisines from foodservice restaurants. Also, the busy lifestyle of the workforce population in the country is giving rise to takeaways and on-the-go food service, along with home delivery trends, which is leading to innovations in distribution channels in the foodservice market. For instance, companies are entering into partnerships with online foodservice providers for expanding their reach and their consumer base.

Increasing Online Purchases from Foodservice Restaurants

The upcoming trend of consumers frequently purchasing from online channels, owing to time-pressed schedules and the availability of different cuisines online, has led to the popularity of the channel for purchasing food products. Consumers also purchase food from online channels because of its ease, speed, and precision. Owing to this factor, third-party online ordering and delivery services are becoming increasingly popular in Brazil with more companies penetrating the market through online platforms, thereby, leading to increased purchases by consumers in the country.

Competitive Landscape

Brazil foodservice market is highly fragmented, owing to the presence of the number of unorganized players dominating the market. The key foodservice brands in Brazil are embarking on market expansion and innovations, in terms of online delivery of food service. Some of the prominent players in the market are McDonald’s, Starbucks Coffee Company, Domino's Pizza Inc., and Yum! Brands RSC.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

McDonald's
Starbucks Coffee Company
Yum! Brands RSC
Domino's Pizza Inc.
Quality Is Our Recipe LLC
Burger King Corporation
MADERO
Doctor's Associates Inc.

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