(Food-Beverage-News.Com, May 25, 2017 ) "Cater Insight: Foodservice in Peru", published by Publisher provides extensive insight and analysis of Peru's Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers.
The Peruvian profit sector foodservice market saw sales value rise at a CAGR of 3.8% from 2014-2016. This growth is forecast to accelerate to 2021, at a CAGR of 4.8%, reflecting the wider Peruvian economy's steady growth. Approximately 80% of Peruvian are urban dwellers and the majority of foodservice growth opportunities are concentrated in the Lima Metropolitan Area, home to nearly a third of Peru's total population. Although standards of living have radically improved, driven by falling unemployment and rising disposable incomes, over a quarter of Peruvian still earned an annual household income of under USD$3,000 in 2016. Affordability and good value therefore remain key considerations among Peruvian consumers, with limited, but potentially fruitful growth opportunities for more upscale, premium concepts and aspirational brands such as Starbucks.
- Peru's healthy economic climate is driving investment and aggressive expansion plans by international chains across restaurant channels, with revenue growth among chain operators forecast to outpace that of independents to 2021. - Peruvian consumers' growing affluence will increasingly drive them to more experiential, higher cost channels and premium, aspirational concepts and brands such as Starbucks. QSR chains should therefore work harder to cultivate stronger brand awareness and consumer loyalty, or risk losing market share to alternative channels. - Revenue generated from takeaway transactions is forecast to grow at a significantly faster pace than that generated from dine-in occasions across restaurant channels to 2021. This trend will be most pronounced in the FSR and QSR channels, as young, busy urban consumers increasingly seek out high quality, convenience options from operators.
- Specific forecasts of the foodservice market over the next five years (2016-2021) 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. Companies Mentioned: Altomayo Bembos Burger King Chili's Don Belisario Dunkin' Donuts Juan Valdez KFC McDonald's Norky's Papa John's Pizza Hut Roky's Starbucks
