Based on the provided forecast data, the Value Added in the Food and Beverage Service Activities Sector in Chile is anticipated to increase from 2024 to 2028. Specifically, the value is expected to grow from 2.3801 trillion Chilean Pesos in 2024 to 2.6029 trillion Chilean Pesos in 2028. When looking at year-on-year percentage variations, the sector is projected to grow by approximately 2.4% in 2025, 2.3% in 2026, and so on, indicating a consistent upward trend. The CAGR over the five-year forecast period is approximately 2.26%, reflecting steady growth.
For context, the value in 2023, the last actual data point, stood at 2.3250 trillion Chilean Pesos. This indicates moderate growth toward 2024 and onwards.
Key future trends to watch for include:
- Potential impacts of inflation on consumer spending and profitability in the sector.
- Shifts in consumer preferences, especially towards healthier and sustainable food and beverage options.
- Technological advances in food service delivery and operational efficiencies.
- Economic policies and their effects on the hospitality and service industries.
- Tourism trends and their potential impact on demand within the sector.