Summary “Argentina - The Future of Foodservice to 2025” published provides extensive insight and analysis of the Argentine Foodservice market over the next five years (2020-2025) and acts as a vital point of reference for operators or suppliers.
Argentina’s foodservice profit sector was valued at ARS289.9 billion (US$4.1 billion) in 2020. The sales value grew during 2020-2025 in terms of local currency, but it recorded a drastic decline in terms of US dollars, indicating a drastic devaluation of the local currency. Tourism contributes a significant share of transactions to the profit sector in Argentina, especially in Buenos Aires. The COVID-19 pandemic and a drastic slump in foreign tourist footfall dented the sales value of bars and restaurants in the country. However, the foodservice profit sector is expected to stage a sharp rebound (57.2%) over the forecast period owing to government initiatives and revival of tourism.
The report includes - - Overview of Argentina’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Argentina’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, and Pub, Club & Bar) within Argentina’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 Argentinan population.- Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.
Scope - Pub, club & bar is the largest channel in the Argentina’s foodservice profit sector by revenue, representing 35% of total sector revenue in 2020. Full-service restaurant (FSR) and coffe & tea shop are among other prominent channels, with market shares of 22.5% and 11.4% respectively. Pub, club & bar channel topped the sales charts owing to its higher average transaction value, although it was not the largest channel in terms of number of transactions and number of outlets.- In pub, club & bar channel, the number of transactions declined by a significant 16.4% during 2015-2020 as consumers refrained from frequently visiting these outlets and instead, they preferred home consumption of alcohol. As a result, rise of online ordering of alcohol and craft beer marked the course of the channel in the review period. Mobile applications and social media started playing a more important role in promotions and sales of pubs and bars.
- The value sales declined in FSR channel, at a CAGR of 0.7% during 2015-2020, mainly due to the implementation of lockdown restrictions amid the pandemic in 2020. Home deliveries and takeaways are expected to grow in the FSR channel owing to the rising demand for convenience, however the growth in dine-in occasions will out pace takeaway growth during 2020-2025.
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, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.
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