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Consumer Insights
Cost Pressures – Shopping Trends and Consumer Insights
Cost Pressures Market Report Overview Consumers across the globe are pessimistic about their country’s economic scenario over the next six months. However, a significant part of the population believe the economies to decline in the coming years. The economic adversities will adversely impact retail spending as consumers plan to cutback on costs. Retailers should opt for cost-effective alternatives, with a focus on promoting value for money, to drive retail spending. Consumers are changing their purchasing patterns in response to inflationary...
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Sector Analysis
NewArgentina Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028
Argentina Foodservice Market Report Overview The Argentina profit sector’s total revenue was estimated at ARS4.1 trillion ($14 billion) in 2023. The resumption of travel and tourism post-COVID-19 pandemic will drive the market to grow at a robust CAGR of over 59% during 2023-2028. According to the Ministry of Tourism, Argentina recorded a surge in foreign tourist inflow in 2023. Visitors found the country more affordable because of the depreciating currency. Argentina Foodservice Profit Sector Outlook 2023-2028, (ARS Trillion) Buy the...
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Sector Analysis
NewMexico Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028
Mexico Foodservice Market Report Overview The Mexico foodservice profit sector recorded sales of MXN1.7 trillion ($84 billion) in 2023. The number of transactions decreased due to operational restrictions on restaurants and travel bans in 2020 and 2021 during the COVID-19 pandemic. However, in 2023, the number of international tourist arrivals gradually increased, driving the market growth positively. The Mexican foodservice market will register a relatively strong CAGR of over 8% for 2023-2028. Mexico Foodservice Profit Sector Outlook 2023-2028, (MXN Trillion)...
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Sector Analysis
Australia Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028
Australia Foodservice Market Report Overview The Australian profit sector’s total revenue reached AUD97.8 billion ($67.7 billion) in 2023 and will attain a CAGR of over 4% during 2023-2028. This growth can be attributed to the strong comeback of the Australian tourism sector post the pandemic. Furthermore, factors such as the government’s investment in tourism, an increase in consumer demand, and a rise in social gatherings will support the growth of the sector. Australia Foodservice Profit Sector Outlook 2023-2028, (AUD Billion)...
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Sector Analysis
South Africa Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028
South Africa Foodservice Market Report Overview The South Africa foodservice profit sector revenue was ZAR585.1 billion ($35 billion) in 2023 and is expected to attain a CAGR of over 6% during 2023-2028. This profit sector reflects the popularity of convenient and budget-friendly offerings among consumers. Therefore, The QSR, FSR, mobile operator, retail, and coffee & tea shop channels registered growth during the period. South Africa Foodservice Profit Sector Outlook 2023-2028, (ZAR Billion) Buy the Full Report for More Insights on...
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Sector Analysis
New Zealand Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028
New Zealand Foodservice Market Report Overview The New Zealand foodservice profit sector recorded sales of NZD14.3 billion ($8.8 billion) in 2023 and is forecast to record a CAGR of over 5% during 2023-2028. Factors such as an increase in the number of transactions and rise in consumer demand for takeouts drive the New Zealand foodservice profit sector. New Zealand Foodservice Profit Sector Outlook , 2023-2028 (NZD Billion) Buy the Full Report for More Insights on the New Zealand Foodservice Market...
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Sector Analysis
South Korea Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
South Korea Foodservice Market Overview The South Korea foodservice profit sector recorded sales of KRW131.1 trillion ($101.5 billion) in 2022 and is expected to attain a CAGR of over 6% during 2022-2027. This growth can be attributed to the comeback made by the South Korean tourism sector despite pandemic challenges. The South Korean government implemented measures to encourage easy travel through digitalization, by offering financial aid for small and medium enterprises in the form of vouchers. The South Korean government...
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Sector Analysis
Japan Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
Japan Foodservice Market Report Overview The Japan foodservice profit sector recorded sales of JPY19.2 trillion ($146.1 billion) in 2022 and is forecast to attain a CAGR of over 11% during 2022-2027. This growth can be attributed to the strong comeback of the Japanese tourism sector post the pandemic. Furthermore, factors such as the reopening of Japan's borders for foreign visitors, easing of entry restrictions, and reinstating of visa exceptions in June 2022 also will lead to the market’s growth during...
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Sector Analysis
Singapore Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
Singapore Foodservice Market Report Overview The Singapore foodservice profit sector recorded sales of SGD13.6 billion ($9.8 billion) in 2022 and is forecast to record a strong CAGR of over 7% during 2022-2027. An increase in takeout transactions owing to a strong rebound in tourism activities post the COVID-19 pandemic is responsible for the sector’s growth during the forecast period. Singapore Foodservice Profit Sector Outlook 2022-2027, (SGD Billion) Buy the Full Report for More Insights on the Singapore Foodservice Market Forecast...
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Sector Analysis
Chile Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
Chile Foodservice Market Report Overview The Chile foodservice profit sector recorded sales of CLP6,523.7 billion ($7.5 billion) in 2022 and is forecast to record a healthy CAGR of over 12% during 2022-2027. The economic revival and government initiatives to promote cultural and wine tourism in the region will eventually benefit on-premises foodservice operations in the country. Chile Foodservice Profit Sector Outlook 2022-2027, (CLP Billion) Buy the Full Report for More Insights on the Chile Foodservice Market Forecast Download A Free...