Chile Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027
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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)
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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 (2022) | CLP6,523.7 billion ($7.5 billion) |
CAGR (2022-2027) | >12% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Profit Sector Channels | · Full-service Restaurant (FSR)
· Quick-service Restaurant (QSR) · Workplace · Accommodation · Pub, Club & Bar |
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 · Johnny Rockets · Mamut · Chili’s · G&N Brands · Subway |
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Chile Foodservice Market Trends
- Health and wellness: Due to growing health awareness, Chileans are increasingly demanding food and drink items that support their health and wellness goals.
- Trustworthiness and familiarity: Chilean consumers continue to prioritize familiar products and services and risk-free items that have gained their trust over time.
- Hygiene: Hygiene consistently ranked among the top factors influencing purchase choices of Chilean consumers across all channels. Therefore, operators need to appeal to these consumers with well-maintained stores and clean offerings as well.
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Chile Foodservice Market Segmentation by Profit Sector Channels
The FSR was the largest profit sector channel in 2022 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 over 51% of revenue share in 2022. This is because more consumers returned to dine-in restaurants post the COVID-19 pandemic. Furthermore, Italian and pizza & pasta were the most popular cuisines in the Chilean FSR channel during the year.
Chile Foodservice Market Analysis by Profit Sector Channels, 2022 (%)
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Chile Foodservice Market Segmentation by Cost Sector Channels
The Chilean foodservice cost sector was valued at CLP350.3 billion ($401 million) in 2022. The key cost sector channels in the Chile foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. In 2022, education was the largest cost sector. However, due to the pandemic-induced lockdowns in educational institutions for most of 2020 and 2021, the channel posted a significant drop in revenue, during 2017-2022.
Chile Foodservice Market Analysis by Cost Sector Channels, 2022 (%)
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Chile Foodservice Market – Competitive Landscape
Yum! Brands was the largest FSR operator in the country in 2022
The key foodservice companies in Chile are:
- Yum’ Brands
- Schopdog
- Johnny Rockets
- Mamut
- Chili’s
- G&N Brands
- Subway
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 2022 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 July 2022, KFC Chile joined the global movement against hunger by collaborating with the Department of Agrarian Reform. In the same year, the operator announced targets to reduce greenhouse gas emissions by 50% by 2030. Among its other sustainability ventures is its decision to change to 100% cage-free eggs across 25,000 restaurants by 2026.
Segments Covered in the Report
Chile Foodservice Market Outlook by Profit Sector Channel (Value CLP Billion, 2017-2027)
- Full-service Restaurants (FSR)
- Quick-service Restaurants (QSR)
- Pub, Club & Bar
- Retail
- Accommodation
Chile Foodservice Market Outlook by Cost Sector Channels (Value, CLP Billion, 2017-2027)
- 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
- Identify emerging/declining markets and understand specific forecasts of the foodservice market over the next five years to make informed business decisions.
- Understand the target audience and changing consumer behavior through a detailed analysis of the consumer segmentation, which elaborates on the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar).
Subway
McDonald’s
Telepizza
Yum! Brands
Starbucks
Dunkin
Juan Valdez Café
Bonafide (Empresas Carozzi)
Tavelli
Table of Contents
Frequently asked questions
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What was the Chile profit sector market size in 2022?
The Chile profit sector market size was CLP6,523.7 billion ($7.5 billion) in 2022.
-
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 12% during 2022-2027.
-
Which was the leading profit sector channel in the Chile foodservice market in 2022?
FSR was the leading profit sector channel in the Chile foodservice market in 2022.
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What cost sector channel had the highest share in the Chile foodservice market in 2022?
The education cost sector had the highest share in the Chile foodservice market in 2022.
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