Brazil Food Service Market Analysis 2020-2025:
The Brazil Food Service Market is expected to record moderate growth with a CAGR of 12.3% throughout the conjecture time frame (2020 – 2025).
The Brazilian Food Service market contains several high-end hotels and restaurants that deliver international cuisines to differentiate from their competitors, develop new market niches, and attract the attention of high-end consumers. The logistics, price and bureaucratic costs of imported products are pushing more new chains to find native dealers to obtain products with more consumers willing to try new cuisines. According to the Brazilian Association of Food Processors (ABIA), around one million food service establishments are spread across the country, with more than 95% of establishments characterized as small and medium-sized family businesses. . Large multinational food service chains represent less than 5% of food service companies. The restaurant sector is marked by informality, which is why analysts frequently refer to sales from the agri-food industry directed to this channel to estimate the size of the restaurant sector.
Recent Developments:
In December 2019, Reinhart Foodservice L.L.C acquisition is completed by Performance Food Group Co. (P.F.G.). The former is a part of the Reyes family of companies and is among the top five food service distributors in the United States.
In January 2020, a distributor of disposable catering and cleaning supplies which is known as Imperial Dade, declared the purchase of Wagner Supply Company. This is aimed to reinforce Imperial Dade's presence in Texas, offering value proposition for customers in the area.
In March 2020, US Foods declared an agreement to obtain Smart Foodservice Warehouse Stores, which operates 70 small cash and transportation stores in many states.
In March 2020, NEOGEN Corporation announced the purchase of assets of Chilean company Magiar Chilena, a distributor of diagnostic products for food, animals and plants, along with NEOGEN products.
Market Drivers and Restraints:
More and more foodservice establishments are entering the country, due to the aging population with higher disposable incomes that require kitchens in foodservice restaurants. In addition, the busy lifestyle of the country's workforce leads to takeaways, as well as home delivery trends, leading to innovations in distribution channels in the Food Service market. For example, companies are partnering with online food service providers to expand their reach and customer base. In 2017, the United States accounted for 8% of total Brazilian agricultural imports, and Brazilian imports of consumer products to the world reached $ 4.2 billion, an increase of 1.6% over last year. Exports of consumer products from the US to Brazil increased 7.6%, which assisted the US to preserve its marketplace part of 6%. The Mercosur countries (Argentina, Uruguay, and Paraguay) and Chile enjoy a tax-free state, and China is considered a source of cheap goods for Brazil, while the United States and Europe compete directly, face the same level of prices and challenges of prices, and deliver similar products.
European companies are becoming aggressive in the regional market and are benefitted from the idea that Brazilian consumers have various products originated in Europe. However, the United States can compete in quality and price, and therefore can increase its participation in the Brazil market. The trend of consumers who shop frequently on online channels, due to busy hours and the availability of different online kitchens, has led to the channel's popularity for buying food products. Consumers also buy food from online channels due to its ease, speed, and accuracy. As a result of this factor, third-party online ordering and delivery services are becoming increasingly popular in Brazil, as more and more companies enter the market through online platforms, resulting in an increase in consumer purchases in the country.
Market Segmentation:
The Brazil Food Service Market is categorized by Place Type into Full Service Restaurants, Quick Service Restaurants, Food Junctions Cafeterias/buffets, Bars and Managed Food Service.
By end-user, the market contains Industrial, Commercial and Office Premises, Hospital & Nursing Homes, Educational Premises (Colleges, Universities, Schools), In-transit Food Service (Airlines, Trains), and Sports Centers/Malls.
Impact of COVID-19 on Brazil Food Service Market
Covid-19’s impact on the food and beverage sector is immense. The strict government implementations like lockdown in Brazil resulted in the shutdown of manufacturing units and distribution channels, affecting the foodservice market to its deepest. The same is likely to continue until the end of 2020 as consumers prefer to consumer foods prepared at home rather than going out. This will be a major threat to the foodservice industry, and it is estimated that it will take some time in the future to recover.
Regional Analysis:
The market for Brazil Food Service has been categorized on the basis of geography to provide a deeper understanding of the local business. The Brazil Food Service market is extremely fragmented, owing to the occurrence of a number of disorganized players that dominate the market. The renowned food service providers in Brazil are embarking on the expansion of this business and innovations based on the online food services.
Leading Company
McDonald's had the largest share of the Brazil Food Service Market in terms of sales and revenue in 2019.
Key Players
Some of the main players in the food service market are McDonald's, Starbucks Coffee Company, Domino's Pizza Inc. and Yum! CSR marks.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis 2.55556E+64
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Service Market, By Place Type
6.1.1 Full Service Restaurants
6.1.2 Quick Service Restaurants
6.1.3 Food Junctions Cafeterias/Buffets
6.1.4 Bars
6.1.5 Managed Food Service
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Food Service Market, By End-User
6.2.1 Industrial Premises
6.2.2 Commercial and Office Premises
6.2.3 Hospital & Nursing Homes
6.2.4 Educational Premises
6.2.5 In-transit Food Service
6.2.6 Sports Centers/Malls
6.2.7 Market Size Estimations & Forecasts (2019-2024)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Latin America
7.2.1 By Country
7.2.1.1 Brazil
7.2.1.2 Argentina
7.2.1.3 Mexico
7.2.1.4 Rest of Latin America
7.2.2 By Place Type
7.2.3 By End-User
8. Key Player Analysis
8.1 KFC
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 McDonald's
8.3 Pizza Hut
8.4 Burger King
8.5 Electrolux
8.6 Hoshizaki Electric Co
8.7 Starbucks Corp
8.8 Yum! Brands Inc
8.9 Dunkin 'Donuts
8.10 Papa John's
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
Related Reports
