The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreApr 2018
US$2,100Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Venezuela has the world’s highest rate of inflation, with the non-official estimate in 2017 being 2,600%. The causes of hyperinflation are the uncontrolled injection of money into the system and a fall in the production of goods, leading to an imbalance between the abundance of money and a shortage of products.
In 2017, the Venezuelan economy continued to struggle, with real GDP declining by 9% and the country having one of the lowest real growth rates per capita in Latin America, according to Euromonitor International. Consumer sentiment has also been hampered by rising inflation, which is eroding purchasing power and subsequently undermining spending on dining out.
The drop in purchasing power has led to a change in consumption patterns. According to an industry representative, since the end of 2016 the main reason for consumers to visit fast food outlets has been when taking children to the park and wanting to buy them an ice cream or cake.
In spite of Venezuela having the slowest broadband speeds in Latin America, many individuals have begun to operate “social media restaurants”, while more established outlets have started to offer online ordering. The restrictions imposed by the government, the shortage of basic goods, frequent power outages and water rationing due to the dire economic situation have all made it increasingly difficult to establish a traditional restaurant.
The economic climate in Venezuela is unlikely to change over the forecast period, with the country continuing to witness high triple-digit inflation and shortages of products and raw materials. Venezuela is expected to continue to face an unstable future due to its heavy dependence on oil prices.
Files are delivered directly into your account within a few minutes of purchase.
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.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice industry in Venezuela 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 Venezuela, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Venezuela for free:
The Consumer Foodservice in Venezuela market research report includes:
Our market research reports answer questions such as:
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.