Summary Overall sales in the profit sector rose at a CAGR of 4.8% between 2016 and 2018. Value growth is forecast to accelerate to 2023, at a strong CAGR of 5.3%. Growth in the overall profit sector reflects the rising urbanization and increased consumer confidence present in the Philippines. Due to the country’s large number of lower-earning consumers, there is a high degree of price sensitivity across all channels. As a result, value and the availability of inexpensive offerings is a key factor driving the profit sector foodservice market. As incomes and urbanization continue to rise, convenience is expected to become an increasingly important consideration.
"Philippines - The Future of Foodservice to 2023” published by GlobalData provides extensive insight and analysis of the Filipino Foodservice market over the next five years (2018-2023) and acts as a vital point of reference for operators or suppliers.
The report includes -
- Overview of the Philippine’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Philippine’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 the Filipino 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 Filipino 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 Filipino foodservice market.
Scope - Although independent operators claimed a 61.2% share of channel revenue in 2018, the top five QSR brands in the country accounted for a combined 71.1% share of the market, a high level of consolidation for the region.
- The FSR channel is the go-to channel for consumers seeking a higher quality and service from the operator and is the Philippines’ second-largest profit sector foodservice channel in terms of sales value, accounting for 22.9% of total sector revenue in 2018.
- Branding plays a key role in the coffee and tea shops channel, with consumers willing to seek out and go out of their way to visit, their favorite branded operator. As smartphones become more embedded in the Philippines, especially among the young and affluent consumers, brand loyalty can be leveraged by launching smartphone-based loyalty schemes, emulating those used heavily in other regional markets, such as Japan and China.
Reasons to buy - Specific forecasts of the foodservice market over the next five years (2018-2023) 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 the Philippine’s foodservice market.
Our reports have been used by over 10K customers, including:
207 pages •
By Asia Market Information & Development Company
• Mar 2021
China’s demand for Food Services has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
85 pages •
By Euromonitor International
• Feb 2021
The pandemic had a devastating impact on consumer foodservice in South Africa, moving from 5% value growth in 2019 to a value decline of 32% in 2020. Due to the spread of the virus, the government implemented a national lockdown period from 27 March 2020, when all movements were restricted, and restaurants were prohibited from trading for...
The Saudi Arabia Full-Service Restaurants Market is projected to register a CAGR of 13.14% during the study period (2020-2025). - The country’s consumers, including the high number of expats and tourists, are tilted toward western-style casual dining, especially the European and US cuisines. Consequently, the American casual dining...
Foodservice BRIC (Brazil, Russia, India, China) Industry Guide 2016-2025
Summary
The BRIC Foodservice industry profile provides top-line qualitative and quantitative summary information including: industry size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions...
On the go: an improving domestic economy will boost industry revenue Abstract Fast Food Restaurants in the US Over the five years to 2019, the Fast Food Restaurants industry has grappled with consumer preferences shifting away from unhealthy foods as well as a saturated food service landscape that has...
Foodservice Global Industry Guide 2016-2025
Summary
Global Foodservice industry profile provides top-line qualitative and quantitative summary information including: industry size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including...
Delivering decline: Falling consumer confidence due to COVID-19 is expected to lead to industry revenue contraction Abstract Takeaway & Fast-Food Restaurants in the UK Companies in the Takeaway and Fast-Food Restaurants industry provide food and drink to customers. Food and drink purchased from fast-food...
The GCC disposables (single-use) packaging market (henceforth, referred to as the market studied) was valued at USD 1,879.89 million in 2019, and it is expected to reach USD 2,328.50 million by 2025, registering a CAGR of 4.11% during the period of 2020-2025. Growth in the urban population and the consequent increase in demand for food service...
Order up: Consumers will likely increase spending at restaurants as the economy improves Abstract Chain Restaurants in the US The Chain Restaurants industry has experienced steady growth over the five years to 2019. As per capita disposable income increased and unemployment declined, the Consumer Confidence...
Saudi Arabia Foodservice market is projected to grow at a CAGR of 12.22% during the forecast period.
- The increasing demand for home delivery and foodservice providers is expected to drive the market’s growth. Increasing health consciousness and growing rate of obesity among the Saudi Arabian population are challenging the market.
-...
Food Services
Saudi Arabia
Same Store Sales
Food Price
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.