Consumer foodservice in 2024: The big picture
Consumer foodservice in Peru continued to record positive value growth in 2024, although at a slightly slower pace compared to 2023. Growth was more significant in chained restaurants compared to independent players.
2024 key trends
In 2024, inflation in Peru remained within the target range, resulting in only a modest increase in prices or stable prices for most consumer foodservice providers. However, the low growth of the Peruvian economy restricted consumer spending, with a decrease in purchasing power.
Competitive landscape
In 2024, consumers became more cautious with their spending but maintained a strong interest in dining out, often opting for affordable options and promotions. This resulted in increased competition, particularly among restaurant chains, which actively engaged with customers on social media while enhancing their value propositions.
Independent foodservice developments
Independent foodservice continued to grow throughout 2024, although at a slightly slower pace than in 2023, and significantly less than the growth experienced by chained restaurants. Growth was driven by competitive pricing, creative product offerings, and in some cases, refurbishments.
What next for consumer foodservice?
Consumer foodservice is expected to record positive growth across the forecast period, driven by chain restaurants. Contributing to this growth will be the development of more appealing value propositions while operators focus on improving operational efficiency and controlling costs, allowing them to offer more competitive prices while maintaining adequate profitability.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Foodservice industry in Peru with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Cafés/Bars
- Full-Service Restaurants
- Limited-Service Restaurants
- Self-Service Cafeterias
- Street Stalls/Kiosks
- Consumer Foodservice by Location
If you're in the Consumer Foodservice industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Foodservice in Peru report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Foodservice in Peru?
- Which are the leading brands in Consumer Foodservice in Peru?
- How are multinational and local operators competing and expanding in Peru?
- How are consumer lifestyle trends and eating habits shaping Consumer Foodservice in Peru?
- How is the Consumer Foodservice industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Consumer Foodservice in Peru? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Consumer Foodservice in Peru
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
Cafés/Bars in Peru
KEY DATA FINDINGS
The poor performance of the Peruvian economy limits growth for cafés/bars in 2024
Specialist coffee and tea shops stand out as independent players expand
Rooftops bars drive sales within bars/pubs, attracting consumers willing to pay a premium
Café/bar will post growth aligned with the improvement of the Peruvian economy
Cafés/bars is set to focus on expansion strategies that improve proximity to consumers
Starbucks will reinforce its leadership, expanding stores focused on sustainability
Full-Service Restaurants in Peru
KEY DATA FINDINGS
A return to full operations and a rise in tourism boosts growth for full-service restaurants
Strong management and appealing food drives growth for Latin American full-service restaurants
Full-service restaurants focus on appealing venues, above delivery sales
Chained full-service restaurants is set to benefit from increased tourism
The Restobar concept is expected to grow, enhancing the appeal and atmosphere of venues
The excellent reputation of Peruvian cuisine presents an opportunity for stronger growth
Limited-Service Restaurants in Peru
KEY DATA FINDINGS
Limited-service restaurants record moderate growth as players focus on promotions
Expansion strategies drive growth for pizza limited-service restaurants
Limited-service restaurants advertise delivery services to boost overall sales
Positive growth is set to be driven by improvements in the Peruvian economy
Expansions strategies and store remodelling will boost growth over the forecast period
Chicken limited-service restaurants will focus on increasing transactions and consumer spending
Self-Service Cafeterias in Peru
KEY DATA FINDINGS
The reopening of venues in supermarkets drives strong growth for self-service cafeterias
The reopening of DeliVea boosts sales thanks to its proximity to consumers
Self-service cafeterias focus on enhanced premises and well-stocked food
Self-service cafeterias is expected to grow, driven by the greater dynamism of supermarket chains
Growth for chained self-service cafeterias many depend on the strategic vision of supermarkets
Sales at chained self-service cafeterias could be boosted by increased promotion
Street Stalls/Kiosks in Peru
KEY DATA FINDINGS
Street stalls/kiosks record limited growth as consumption falls for independent players
La Casa del Alfajor continues to lead thanks to a strong number of outlets
Physical stores continue to drive sales, with low presence on delivery platforms
Growth is set to be bolstered by the improving economy, however, independent players will face challenges
New outlets within shopping centres are expected to open across the forecast period
Product diversification could boost sales, however, space is a limitation
Consumer Foodservice By Location in Peru
KEY DATA FINDINGS
Consumer foodservice through standalone records growth, while offering delivery services
Consumer foodservice through travel and lodging struggle due to lower tourist spending
Consumer foodservice through leisure has shown strong growth in 2024
Consumer foodservice through travel and lodgings will offer more attractive value propositions
The opening of shopping centres will boost consumer foodservice through retail
Renovations in stand-alone restaurants are set to attract various age ranges
The following categories and subcategories are included:
Consumer Foodservice
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- Chained Consumer Foodservice
- Independent Consumer Foodservice
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- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
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- Chained Full-Service Restaurants
- Independent Full-Service Restaurants
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- Chained Asian Full-Service Restaurants
- Independent Asian Full-Service Restaurants
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- Chained European Full-Service Restaurants
- Independent European Full-Service Restaurants
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- Chained Latin American Full-Service Restaurants
- Independent Latin American Full-Service Restaurants
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- Chained Middle Eastern Full-Service Restaurants
- Independent Middle Eastern Full-Service Restaurants
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- Chained North American Full-Service Restaurants
- Independent North American Full-Service Restaurants
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- Chained Pizza Full-Service Restaurants
- Independent Pizza Full-Service Restaurants
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- Chained Other Full-Service Restaurants
- Independent Other Full-Service Restaurants
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- Chained Limited-Service Restaurants
- Independent Limited-Service Restaurants
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- Chained Asian Limited-Service Restaurants
- Independent Asian Limited-Service Restaurants
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- Chained Bakery Products Limited-Service Restaurants
- Independent Bakery Products Limited-Service Restaurants
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- Chained Burger Limited-Service Restaurants
- Independent Burger Limited-Service Restaurants
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- Chained Chicken Limited-Service Restaurants
- Independent Chicken Limited-Service Restaurants
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- Chained Convenience Stores Limited-Service Restaurants
- Independent Convenience Stores Limited-Service Restaurants
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- Chained Fish Limited-Service Restaurants
- Independent Fish Limited-Service Restaurants
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- Chained Ice Cream Limited-Service Restaurants
- Independent Ice Cream Limited-Service Restaurants
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- Chained Latin American Limited-Service Restaurants
- Independent Latin American Limited-Service Restaurants
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- Chained Middle Eastern Limited-Service Restaurants
- Independent Middle Eastern Limited-Service Restaurants
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- Chained Pizza Limited-Service Restaurants
- Independent Pizza Limited-Service Restaurants
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- Chained Other Limited-Service Restaurants
- Independent Other Limited-Service Restaurants
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- Chained Self-Service Cafeterias
- Independent Self-Service Cafeterias
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- Chained Street Stalls/Kiosks
- Independent Street Stalls/Kiosks
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- Consumer Foodservice Through Standalone
- Consumer Foodservice Through Leisure
- Consumer Foodservice Through Retail
- Consumer Foodservice Through Lodging
- Consumer Foodservice Through Travel
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- Takeaway Online Ordering
- Takeaway Offline Ordering
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- First-Party Delivery Services
- Third-Party Delivery Services
- Delivery Offline Ordering
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- Drive-Through
- Eat-In
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- Takeaway Online Ordering
- Delivery Online Ordering
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- Takeaway Offline Ordering
- Delivery Offline Ordering
- Drive-Through
- Eat-in
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Consumer Foodservice
Consumer foodservice is composed of cafés/bars, full-service restaurants, limited-service restaurants, self-service cafeterias and street stalls/kiosks.
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This report originates from Passport, our Consumer Foodservice research and analysis database.
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