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 moreOct 2014
US$1,325Added 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!
Latin America continues to be among the most attractive long-term growth regions, due to the presence of both large and fast-growing Brazil as well as many smaller, rapidly developing markets that have high potential for future chained development. Despite economic instability in a few key markets, foodservice in the region continues to grow at a healthy pace, evidence of the high priority local consumers place on foodservice, as well as a rapidly growing middle class.
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.
The economic climates in key markets are affecting consumer spending, especially in Brazil, Argentina and Venezuela, however foodservice appears to be weathering the storm better than other industries.
Value growth is still strong, even where transactions growth has slowed or halted, suggesting Latin Americans place a high priority on dining out. As demonstrated by Mexico’s “hybrid consumer” movement, they are still willing to spend on high-value dining experiences, even as they cut back in other areas.
Brazil continues to dominate the Latin America growth story, both literally in terms of size and figuratively in terms of focus. The market currently makes up nearly half of all foodservice value in the region, and over 2013-2018 Brazil will contribute more absolute value growth than all other major markets combined.
Share in Brazil is growing more and more difficult to earn, and the country’s economic difficulties mean growth has started to lag other markets in the region. To maximise future prospects, operators looking to expand must now invest in other growth markets in addition to Brazil, in order to establish a presence in markets that will pay very high dividends over the long term.
Latin America will offer average annual growth of at least 3% in all categories over 2013-2018; however fast food will be the highest at 6%. Burger, bakery products, convenience stores, and chicken fast food will be the four highest growth areas in percentage terms.
Latin American foodservice consumers are demonstrating growing demand for new foodservice experiences, new flavours and new service channels such as delivery and drive-through. This has led to growth in new cuisines and for new format types, a trend that will only gain momentum over the long term as these markets develop.
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.