Market Size of brazil foodservice Industry
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 17.35 Billion |
|
|
Market Size (2029) | USD 24.03 Billion |
|
Largest Share by Foodservice Type | Quick Service Restaurants |
|
|
CAGR (2024 - 2029) | 6.73 % |
|
|
Fastest Growing by Foodservice Type | Cloud Kitchen |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Brazil Foodservice Market Analysis
The Brazil Foodservice Market size is estimated at 17.35 billion USD in 2024, and is expected to reach 24.03 billion USD by 2029, growing at a CAGR of 6.73% during the forecast period (2024-2029).
17.35 Billion
Market Size in 2024 (USD)
24.03 Billion
Market Size in 2029 (USD)
4.59 %
CAGR (2017-2023)
6.73 %
CAGR (2024-2029)
Largest Segment by Foodservice Type
51.51 %
value share, Quick Service Restaurants, 2023
Convenience, affordability, and adapting to changing consumer demands are expected to drive the growth further.
Largest Segment by Outlet Type
80.67 %
value share, Independent Outlets, 2023
Unique value proposition, ability to cater to local tastes, and increasing demand for convenience and experience-based dining are helping the growth trajectory.
Fastest-growing segment by Foodservice Type
16.43 %
Projected CAGR, Cloud Kitchen, 2024-2029
The market is expected to continue to grow in the coming years, driven by changing consumer preferences and the growing popularity of online food delivery services.
Fastest-growing segment by Outlet Type
6.79 %
Projected CAGR, Chained Outlets, 2024-2029
Standardized experience is appealing to consumers who value consistency and convenience, and economies of scale that enable competitive prices is helping the growth trajectory.
Leading Market Player
10.62 %
market share, Arcos Dorados Holdings Inc., 2022
McDonald's is the largest franchise in the world and has a strong presence in Brazil, with over 1000 McDonald's outlets operating in the country as of 2021.
Popular delivery apps innovating delivery experience are driving the popularity of cloud kitchens.
- Quick-service restaurants accounted for a major market share, witnessing a growth of 27.41% since the pandemic from 2020 to 2022. Around 48% of the population consumes fast food at least once per week. Big chains like McDonald’s operate 2,585 outlets, Subway has 1,862 outlets, and Burger King has 1,242 outlets, among others.
- Cloud kitchens are projected to be the fastest-growing foodservice type, with a projected CAGR value of 16.46% during the forecast period. The trend of ghost kitchens is gaining popularity in Brazil, as there were around 11.85 million platform-to-consumer delivery users and more than 48.75 million restaurant-to-consumer delivery users in 2021. Popular delivery apps like Uber Eats, Hello Food, iFood, and Zomato, are continuously innovating their delivery experience and app experience with discount offers for new users. The US startup CloudKitchens has expanded in the market by buying and installing ‘dark kitchens’ in Latin America over the past three years. Microsoft Corp. announced an investment of over USD 850 million in the same startup. Foodology, a Colombia-based cloud kitchen and virtual restaurant company, is also expanding in the country.
- Cafes and bars accounted for the second largest share in the market, with a projected CAGR value of 7.75% during the forecast period owing to the high consumption of both alcoholic and non-alcoholic drinks in the country. For instance, the annual per capita consumption of alcoholic beverages in Brazil was around USD 52.5 liters in 2021. Also, the per capita consumption of coffee in the country amounted to 5.65 kg in 2022.
Brazil Foodservice Industry Segmentation
Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants are covered as segments by Foodservice Type. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.
- Quick-service restaurants accounted for a major market share, witnessing a growth of 27.41% since the pandemic from 2020 to 2022. Around 48% of the population consumes fast food at least once per week. Big chains like McDonald’s operate 2,585 outlets, Subway has 1,862 outlets, and Burger King has 1,242 outlets, among others.
- Cloud kitchens are projected to be the fastest-growing foodservice type, with a projected CAGR value of 16.46% during the forecast period. The trend of ghost kitchens is gaining popularity in Brazil, as there were around 11.85 million platform-to-consumer delivery users and more than 48.75 million restaurant-to-consumer delivery users in 2021. Popular delivery apps like Uber Eats, Hello Food, iFood, and Zomato, are continuously innovating their delivery experience and app experience with discount offers for new users. The US startup CloudKitchens has expanded in the market by buying and installing ‘dark kitchens’ in Latin America over the past three years. Microsoft Corp. announced an investment of over USD 850 million in the same startup. Foodology, a Colombia-based cloud kitchen and virtual restaurant company, is also expanding in the country.
- Cafes and bars accounted for the second largest share in the market, with a projected CAGR value of 7.75% during the forecast period owing to the high consumption of both alcoholic and non-alcoholic drinks in the country. For instance, the annual per capita consumption of alcoholic beverages in Brazil was around USD 52.5 liters in 2021. Also, the per capita consumption of coffee in the country amounted to 5.65 kg in 2022.
| Foodservice Type | ||||||||||
| ||||||||||
| Cloud Kitchen | ||||||||||
| ||||||||||
|
| Outlet | |
| Chained Outlets | |
| Independent Outlets |
| Location | |
| Leisure | |
| Lodging | |
| Retail | |
| Standalone | |
| Travel |
Brazil Foodservice Market Size Summary
The Brazil Foodservice Market is experiencing significant growth, driven by the increasing popularity of quick-service restaurants and cloud kitchens. Quick-service restaurants hold a substantial portion of the market share, benefiting from a high frequency of fast food consumption among the population. Major international chains like McDonald's, Subway, and Burger King have established a strong presence with numerous outlets across the country. Meanwhile, cloud kitchens are emerging as the fastest-growing segment, fueled by the rise of online delivery services and the lower operational costs associated with these setups. The trend of ghost kitchens is gaining traction, supported by the expansion of delivery apps such as Uber Eats and iFood, which are continuously enhancing their user experience with innovative features and promotions.
Cafes and bars also contribute significantly to the market, with a notable demand for both alcoholic and non-alcoholic beverages. The consumption of coffee and alcoholic drinks is particularly high, reflecting the cultural preferences of Brazilian consumers. The market is characterized by a diverse range of food options, with full-service restaurants offering Asian cuisine and other popular dishes, presenting opportunities for menu expansion. The fragmented nature of the market sees major players like Arcos Dorados Holdings and Brazil Fast Food Corporation competing for market share. Strategic partnerships and expansions, such as Burger King's collaboration with Bringg and Chiquinho Sorvetes' new franchise openings, highlight the dynamic nature of the industry as companies strive to enhance their delivery capabilities and broaden their reach.
Brazil Foodservice Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
-
1.1 Foodservice Type
-
1.1.1 Cafes & Bars
-
1.1.1.1 By Cuisine
-
1.1.1.1.1 Bars & Pubs
-
1.1.1.1.2 Cafes
-
1.1.1.1.3 Juice/Smoothie/Desserts Bars
-
1.1.1.1.4 Specialist Coffee & Tea Shops
-
-
-
1.1.2 Cloud Kitchen
-
1.1.3 Full Service Restaurants
-
1.1.3.1 By Cuisine
-
1.1.3.1.1 Asian
-
1.1.3.1.2 European
-
1.1.3.1.3 Latin American
-
1.1.3.1.4 Middle Eastern
-
1.1.3.1.5 North American
-
1.1.3.1.6 Other FSR Cuisines
-
-
-
1.1.4 Quick Service Restaurants
-
1.1.4.1 By Cuisine
-
1.1.4.1.1 Bakeries
-
1.1.4.1.2 Burger
-
1.1.4.1.3 Ice Cream
-
1.1.4.1.4 Meat-based Cuisines
-
1.1.4.1.5 Pizza
-
1.1.4.1.6 Other QSR Cuisines
-
-
-
-
1.2 Outlet
-
1.2.1 Chained Outlets
-
1.2.2 Independent Outlets
-
-
1.3 Location
-
1.3.1 Leisure
-
1.3.2 Lodging
-
1.3.3 Retail
-
1.3.4 Standalone
-
1.3.5 Travel
-
-
Brazil Foodservice Market Size FAQs
How big is the Brazil Foodservice Market?
The Brazil Foodservice Market size is expected to reach USD 17.35 billion in 2024 and grow at a CAGR of 6.73% to reach USD 24.03 billion by 2029.
What is the current Brazil Foodservice Market size?
In 2024, the Brazil Foodservice Market size is expected to reach USD 17.35 billion.
