“Peru - The Future of Foodservice to 2025” published by GlobalData provides extensive insight and analysis of the Peruvian Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.
Peruvian foodservice profit sector contracted by a CAGR of 9% from 2015-2020. The introduction of pandemic-related measures, especially lockdown forced many outlets to shut down. To decelerate the decline many operators tried to adapt to the ’new normal’ by enhancing their delivery capabilities, increasing their online presence, and improving health and sanitation protocols. However, the foodservice industry is expected to stage a sharp rebound over the forecast period, supported by economic growth the need for convenient channels, and digitization.
The report includes -
- Overview of Peru’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Peru’s foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
- Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, Pub, Club & Bar) within Peru’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
- Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Peruvian population.
- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
- QSR is the largest channel in the Peruvian foodservice profit sector by revenue, representing 42.7% of total sector revenue in 2020. The FSR is the second most prominent channel, with a market share of 40.2%. QSR’s large market share can be attributed to its high number of transactions and a significantly higher number of outlets compared to other channels.
- Leading QSR operators expanded their presence notably during this period in terms of outlets. The total number of outlets in the QSR channel grew by a CAGR of 0.5% during this period.
- Delivery and takeaway transactions surged in 2020 owing to the restrictions on the operation of restaurants and cafes and the implementation of social distancing norms amid the pandemic.
Reasons To Buy
- Specific forecasts of the foodservice market over the next five years (2020-2025) will give readers the ability to make informed business decisions through identifying emerging/declining markets. - Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shop, Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.