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Peru - The Future of Foodservice to 2022

Peru - The Future of Foodservice to 2022

  • March 2019
  • 154 pages
  • ID: 5026554
  • Format: PDF
  • By GlobalData

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Peru - The Future of Foodservice to 2022

Summary
"Peru - The Future of Foodservice to 2022", published by GlobalData provides extensive insight and analysis of the Peruvian Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.

Peru’s economic growth in 2017 was impacted by the environmental and political disturbances which led to decline in the per capita economic growth in 2017.However, the economy recovered in 2018, supported by strong domestic demand, robust investment in both private and public sectors, and increased household consumption.

The growing spending power led to the growth for foodservice operators with consumers making increasingly frequent visits to the foodservice market, especially in urban areas. The Peruvian foodservice profit sector saw sales value rise at a CAGR of 3.2% from 2016-2018, to reach PEN34.3 billion in 2018. The FSR and QSR channels dominate the Peruvian foodservice profit sector, accounting for 41.3% and 34.3% of total profit sector sales, respectively, in 2018. Although majority of sales across channels is attributable to independent operators, chain operators are forecast to see higher growth to 2022.

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 Shops, Pubs, Clubs and Bars) 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.
- Case Studies: Learn from examples of recent successes and failures within the Peruvian foodservice market.

Scope
- Growth in the Peruvian QSR channel was primarily driven by growth in transactions than outlets, a trend which is expected to sustain to 2022.
- FSR is expected to experience growth albeit at a slower CAGR of 2.5% by 2022 from 3.7% in 2016-2018. Consumers becoming increasingly eager to trade-up and enjoy a higher quality of food, will benefit all FSR operators with 69% of Peruvians preferring casual dining. This will bring greater competition to the channel, especially from the nearby US where large casual dining operators rule.
- Whilst the coffe and tea shop channel may appear attractive to potential operators, it remains uncertain whether there is currently sufficient demand to justify entering the market. Out-of-home coffee consumption does not yet have mass appeal and is primarily enjoyed by a small segment of high purchasing power consumers and tourists.

Reasons to buy
- Specific forecasts of the foodservice market over the next five years (2017-2022) 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 shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
- Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within Peru’s foodservice market.

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