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Learn moreMar 2020
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The economic landscape severely influenced consumer foodservice in Argentina in 2019. Rent, utility services such as electricity, water and gas, and food costs were all heavily increased due to inflation.
Loyalty apps are a popular way to retain consumers in Argentina, with Burger King, McDonald’s, and Mostaza, all offering benefits such as discounts and exclusive promotions, through their apps. Players, such as Starbucks, focus on visits by developing point-based benefit systems.
McDonald's led the consumer foodservice landscape in 2019, being the most popular chained limited-service restaurant, and having the most overall share in Argentina. In 2019, the player opened a new type of outlet in the underprivileged neighbourhood Padre Mugica.
Independent consumer foodservice has been more negatively impacted by the economic slowdown than chained outlets, which have the finances and reputations to survive slow periods. In contrast, independent consumer foodservice players have lower budgets, making it harder for them to promote deals, discounts and promotions.
Consumer foodservice is expected to record a slowdown in growth over the forecast period, with growth in 2024 being lower than that of 2019. A slowdown in growth is predicted in most foodservice areas; however, street stalls/kiosks are set to see huge growth, with consumers turning to these establishments for lower costs, and the popularity of food markets and gastronomical fairs will also increase their profits.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice industry in Argentina with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Foodservice industry in Argentina, our research will save you time and money while empowering you to make informed, profitable decisions.
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Why buy this report?
This industry report originates from Passport, our Consumer Foodservice market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.