Street stalls/kiosks experienced a sharp constriction in current value sales during the COVID-19 pandemic as a result of restrictions imposed to curb the spread of COVID-19. First off, street stalls/kiosks suffered from a heavy decline in foot traffic since most chained operators are located in shopping centres.
Key street stalls/kiosks players introduced creative ways to adapt to the ongoing pandemic situation in 2021. Instead of waiting for consumers to go to their stalls, they brought the stores to the consumers via distributors/dealers and online franchising.
Especially with the new online and cheaper franchising models, street stalls/kiosks were able to address the rising unemployment in the Philippines due to the pandemic. In fact, some Filipinos turned to franchises as an alternative source of income.
In 2022 and throughout the remained of the forecast period, street stalls/kiosks is set to see double-digit current value growth. In efforts to speed up the recovery, street stalls/kiosks will continue exploring a digital presence in the forecast period.
While all street stalls/kiosks were negatively affected by the COVID-19 pandemic, there are some which fared better than others and one of these is the milk tea shop subcategory. Over the forecast period, sales in streets stalls/kiosks will mainly be driven by milk tea shops, given the popularity of the drink among Filipinos.
Prior to the pandemic, there was not much focus on digital innovation amongst street stalls/kiosks compared to other foodservice channels. However, the COVID-19 pandemic changed this.
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Small, sometimes mobile, foodservice providers characterised by a limited product offering and by low prices. Includes street stalls, street hawkers and foodservice kiosks where food is prepared in some way and served through a hatch or over a display counter to take away. Also includes kiosks and carts located externally or internally eg in shopping malls etc. As a rule, street stalls/kiosks outlets tend to be smaller than 100% home delivery/takeaway outlets, while menus are more limited, often (though certainly not always) with a greater emphasis on snack items, rather than full meals.See All of Our Definitions
This report originates from Passport, our Street Stalls/Kiosks research and analysis database.
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