Chile Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028
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Chile Foodservice Market Report Overview
The Chile foodservice profit sector recorded sales of CLP8 trillion ($9.5 billion) in 2023 and is forecast to record a healthy CAGR of over 9% during 2023-2028. In 2023, Chile’s tourism sector fully rebounded as the country emerged from the downturn caused by the pandemic. Coastal resorts were once again busy with foreign tourists, serving as a reliable reservoir of foreign reserves.
Chile Foodservice Profit Sector Outlook 2023-2028, (CLP Trillion)
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The Chile foodservice market research report provides an in-depth evaluation of the foodservice market in the country, including an analysis of the key issues impacting the market, and the opportunities this presents for the sector participants. The report includes data and forecast of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the Chile foodservice market and gives an overview of market leaders within the four major channels.
Market Size (2023) | CLP8 trillion ($9.5 billion) |
CAGR (2023-2028) | >9% |
Historical Period | 2018-2023 |
Forecast Period | 2023-2028 |
Key Profit Sector Channels | · Full-service Restaurant (FSR)
· Pub, Club & Bar · Quick-service Restaurant (QSR) · Accommodation · Workplace |
Key Outlet Type | · Dine-in
· Takeout |
Key Owner Type | · Independent Operators
· Chain Operators |
Key Cost Sector Channels | · Education
· Healthcare · Military & Civil Defense · Welfare & Services · Complimentary Services |
Key Companies | · Yum Brands
· Schopdog · McDonald’s Corporation · The Carlyle Group · Doctor’s Associates |
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Chile Foodservice Market Trends
- Environment Responsibility: Consumers became more concerned about climate change and nature. They therefore looked for brands that provided eco-friendly products and services.
- Health and Wellness: Amid rising health consciousness, Chileans are increasingly demanding food and drink items that support their health and wellness goals.
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Chile Foodservice Market Segmentation by Profit Sector Channels
The FSR was the largest profit sector channel in 2023 by value sales
The key profit sector channels in the Chile foodservice market are FSR, QSR, accommodation, leisure, pub, club & bar, and retail. The FSR was the leading profit sector channel, accounting for most of the revenue share in 2023. The channel was fragmented and dominated by independent operators. The top two companies, Yum! Brands and Schopdog accounted for the majority of the foodservice sales in 2023.
Chile Foodservice Market Analysis by Profit Sector Channels, 2023 (%)
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Chile Foodservice Market Segmentation by Cost Sector Channels
The key cost sector channels in the Chile foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. In 2023, education was the largest cost sector, followed by the healthcare, and military & civil defense cost sector channels.
Chile Foodservice Market Analysis by Cost Sector Channels, 2023 (%)
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Chile Foodservice Market – Competitive Landscape
Yum! Brands was the largest FSR operator in the country in 2023
The key foodservice companies in Chile are:
- Yum Brands
- Schopdog
- McDonald’s Corporation
- The Carlyle Group
- Doctor’s Associates
Yum! Brands is a Kentucky, US-headquartered company that owns the global QSR chains of KFC and Taco Bell. The restaurant company operated 109 outlets across the country in 2023 offering a wide variety of menu offerings including fried chicken, burgers, pizzas, nachos, fries, burritos, drinks, and sundaes.
Chile Foodservice Market Analysis by Competitors
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Chile Foodservice Market – Latest Developments
- In 2023, KFC and Taco Bell operated 108 and 20 outlets, respectively, in Chile. KFC has established a strong presence in Chile, becoming a popular dining destination for those craving American-style fast food. Its menu blends global favorites with unique offerings that cater to local tastes.
- In September 2023, Pizza Hut introduced Toasties, which the company claims are “tastier, crispier, and more original”, in a promotional deal on Facebook.
Segments Covered in the Report
Chile Foodservice Market Outlook by Profit Sector Channel (Value CLP Trillion, 2018-2028)
- Full-service Restaurants (FSR)
- Quick-service Restaurants (QSR)
- Pub, Club & Bar
- Retail
- Accommodation
Chile Foodservice Market Outlook by Cost Sector Channels (Value, CLP Trillion, 2018-2028)
- Military & Civil Defense
- Healthcare
- Education
- Welfare & Services
- Complimentary Services
Scope
The report includes:
- Overview of Chile’s macroeconomic landscape: Detailed analysis of current macroeconomic factors and their impact on the Chile 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 the Chile 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 motivating factors that drive out-of-home meal occasions among segments of the Chile population.
- Key players: Overview of market leaders within the four major channels, including business descriptions and number of outlets.
Reasons to Buy
- Specific forecasts of the foodservice market over the next five years (2023–28) 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, and coffee & tea shop) will allow readers to understand the wants and needs of their target demographics.
Yum! Brands
The Carlyle Group
Restaurant Brands International
Subway
Schopdog
Starbucks
Dunkin'
Juan Valdez. Empresas Carozzi
Tavelli
Table of Contents
Table
Figures
Frequently asked questions
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What was the Chile profit sector market size in 2023?
The Chile profit sector market size was CLP8 trillion ($9.5 billion) in 2023.
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What will the Chile profit sector growth rate be during the forecast period?
The profit sector in Chile will grow at a CAGR of over 9% during 2023-2028.
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Which was the leading profit sector channel in the Chile foodservice market in 2023?
FSR was the leading profit sector channel in the Chile foodservice market in 2023.
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What cost sector channel had the highest share in the Chile foodservice market in 2023?
The education cost sector had the highest share in the Chile foodservice market in 2023.
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