Latin America Foodservice Market Size & Outlook, 2023-2030
The foodservice market in Latin America is expected to reach a projected revenue of US$ 202,251.0 million by 2030. A compound annual growth rate of 2.2% is expected of Latin America foodservice market from 2024 to 2030.
Revenue, 2023 (US$M)
$173,346.2
Forecast, 2030 (US$M)
$202,251.0
CAGR, 2024 - 2030
2.2%
Report Coverage
Latin America
Latin America foodservice market highlights
- The Latin America foodservice market generated a revenue of USD 173,346.2 million in 2023.
- The market is expected to grow at a CAGR of 2.2% from 2024 to 2030.
- In terms of segment, street food was the largest revenue generating restaurant type in 2023.
- Street Food is the most lucrative restaurant type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 173,346.2 million |
| Market revenue in 2030 | USD 202,251.0 million |
| Growth rate | 2.2% (CAGR from 2023 to 2030) |
| Largest segment | Street food |
| Fastest growing segment | Street Food |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Street Food |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.6% of the global foodservice market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 244,291.9 million by 2030.
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Foodservice Market Scope
Foodservice market segmentation & scope
Category
Independent
Chains
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Foodservice Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Costas Inc | View profile | 4 | 424 East Central Boulevard, Suite 308, Orlando, FL, United States, 32801 | https://costas-inc.com |
| Tim Hortons Gulf Franchise | View profile | 10001+ | Dubai, Dubai, United Arab Emirates, Asia | https://timhortonsgcc.com |
| Domino | View profile | 51-100 | New York, New York, United States, North America | http://www.domino.com |
| Baskin Robbins | View profile | 11-50 | Canton, Massachusetts, United States, North America | https://www.baskinrobbins.com |
| Restaurant Brands International Inc | View profile | 9000 | 130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, Canada, M5X 1E1 | https://www.rbi.com |
| Starbucks Corp | View profile | 381000 | 2401 Utah Avenue South, Seattle, WA, United States, 98134 | https://www.starbucks.com |
| McDonald's Corp | View profile | 150000 | 110 North Carpenter Street, Chicago, IL, United States, 60607 | https://www.investor.mcdonalds.com |
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