PROSPECTS AND OPPORTUNITIES
Buffets are expected to gain ground, offering an indulgent dining experience to consumers
Buffets, a type of self-service restaurant, allow diners to serve themselves from a wide variety of dishes, with unlimited servings during a visit. While the price per dish tends to be higher than that of typical restaurant chains, the key value proposition of buffets lies in the freedom to enjoy multiple servings, providing a more indulgent dining experience.
The executive lunch format is set to challenge self-service cafeterias, offering value and convenience
The almuerzo ejecutivo (executive lunch) will be the main competition for self-service cafeterias across the forecast period, especially in urban areas. Popular among office workers and students, the almuerzo ejecutivo offers a compelling value proposition with freshly prepared, affordable meals tailored to busy individuals' needs.
Delivery services and home offices will create challenges for self-service cafeterias
The rise of home office setups, the growth of delivery services, and the availability of other affordable dining options have begun to reshape consumer behaviour, presenting significant challenges for traditional self-service cafeterias in hypermarkets. These establishments, which once relied on high foot traffic and convenience, are now seeing a decline in relevance as consumers increasingly turn to more personalised, flexible, and cost-effective alternatives.
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Overview:
Understand the latest market trends and future growth opportunities for the Self-Service Cafeterias 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 Self-Service Cafeterias 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 Self-Service Cafeterias 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 Self-Service Cafeterias in Colombia?
- Which are the leading brands in Self-Service Cafeterias in Colombia?
- How are multinational and local operators competing and expanding in Colombia?
- How are consumer lifestyle trends and eating habits shaping Self-Service Cafeterias in Colombia?
- How is the Self-Service Cafeterias 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 Self-Service Cafeterias in Colombia? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Self-Service Cafeterias in Colombia - Category analysis
KEY DATA FINDINGS
Moderate price increases aim to add value while retaining customers
IKEA's cafes have a positive impact on self-service cafeterias
Self-service cafeterias struggle to gain traction in retail settings
Buffets are expected to gain ground, offering an indulgent dining experience to consumers
The executive lunch format is set to challenge self-service cafeterias, offering value and convenience
Delivery services and home offices will create challenges for self-service cafeterias
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:
Self-Service Cafeterias
- Chained Self-Service Cafeterias
- Independent Self-Service Cafeterias
Self-Service Cafeterias
Self-service cafeterias are outlets where there is no (or limited) service content. Rather than table service, there are food-serving counters/stalls where customers take the food they require as they walk along, placing it on a tray. In addition, there are often stations where customers order food and wait while it is prepared, particularly for items such as hamburgers or tacos which must be served hot and can be prepared quickly. For some food and drink items, customers collect an empty container, pay at the check-out, and fill the container after check-out. Free second servings are often allowed under this system. For legal purposes (and the consumption patterns of customers), this system is rarely or never used for alcoholic beverages. Self-service cafeterias do not have a cover charge, customers are either charged a flat rate for admission (as in a buffet) or pay at the check-out for each item. Some cafeterias also charge by weight. Self-service cafeterias resemble contract catering self-service cafeterias such as canteens, dining halls and cafeterias located within institutions such as a large office building, school and universities. However, fully captive contract self-service cafeterias are excluded from consumer foodservice. Unlike fast food, self-service cafeterias feature a menu comprising full, regular meals, often with a large choice of first course, main course and desserts. As cafeterias can effectively serve large number of customers with comparatively few employees, they are often found within larger complexes, for example, department stores, shopping malls, travel foodservice (motorways stations, railway stations, airports). Self-service cafeteria examples include: Ciao (Autogrill), Flunch (Agapes Restauration SA), IKEA (Inter Ikea Systems BV)
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Self-Service Cafeterias research and analysis database.
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