PROSPECTS AND OPPORTUNITIES
Restaurant associations successfully reverse the ban on key ingredients in Asian cuisine
In 2024, restaurant associations achieved a significant victory by reversing the ban on five essential ingredients in Asian cuisine, following the enactment of the Sodium Law in 2020. The law, which aimed to reduce sodium intake, had prohibited the import of 59 products high in sodium salts unless their recipes were modified.
Colombia is set to develop into a more prominent culinary destination
Colombia is rapidly gaining recognition as a key player in the global gastronomic scene, and this will continue across the forecast period. Thanks to its diverse topography and climate, the country is able to produce a wide array of ingredients, preserving both its traditional and innovative culinary heritage.
High real estate costs are expected to pose a challenge for independent restaurants
The escalating cost of real estate leases will become a major obstacle for independent restaurants, particularly as they are often forced to operate in areas with high speculation rates. Rental prices for restaurant spaces vary significantly based on the city, location, and size, with leases ranging from COP15 million to COP140 million.
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Overview:
Understand the latest market trends and future growth opportunities for the Full-Service Restaurants industry in Colombia 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.
If you're in the Full-Service Restaurants industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Full-Service Restaurants in Colombia 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 Full-Service Restaurants in Colombia?
- Which are the leading brands in Full-Service Restaurants in Colombia?
- How are multinational and local operators competing and expanding in Colombia?
- How are consumer lifestyle trends and eating habits shaping Full-Service Restaurants in Colombia?
- How is the Full-Service Restaurants 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 Full-Service Restaurants in Colombia? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Full-Service Restaurants in Colombia - Category analysis
KEY DATA FINDINGS
No-shows negatively impact the profits of full-service restaurants
Food fairs and festivals become a booming trend in Colombia’s culinary scene
Business groups create restaurant networks with multiple brands to drive growth
Restaurant associations successfully reverse the ban on key ingredients in Asian cuisine
Colombia is set to develop into a more prominent culinary destination
High real estate costs are expected to pose a challenge for independent restaurants
Consumer Foodservice in Colombia - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Full-Service Restaurants
- 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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Full-Service Restaurants
FSR (full-service restaurants) encompasses all sit-down establishments where the focus is on food rather than on drink. FSR is characterized by table service and a relatively higher quality of food compared to quick-service units. Menus offer multiple selections and may include breakfast, lunch and dinner. Preparation of food products is often complex and involves multiple steps. NOTE: restaurants types catalogued in this segment refer to table-service only (outlets with a proper “full table service:” wait staff attending customers and taking orders at the tables). Outlets with “limited table service” are excluded from FSR. For example: outlets where customers order their food at the counter are excluded (even though the waiter will then bring the food at the table).
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Full-Service Restaurants research and analysis database.
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