Chilean foodservice industry to grow 6.67% annually to 2017 reveals new report

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'Chilean Foodservice: The Future of Foodservice in Chile to 2017' available from Report Buyer

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According to the report 'Chilean Foodservice: The Future of Foodservice in Chile to 2017' the Chilean foodservice industry increased in value from US$4,773.2 million in 2007 to US$7,O13.1million in 2012, representing a CAGR of 6.53% in local currency. In 2012 the profit sector accounted for 88.5% of total sales in Chile and recorded a CAGR of 6.56% over the review period (2007-12). Additionally cost sector sales represented 11.5% of the total sales in the Chilean foodservice market and registered a CAGR of 6.26% over the review period.

The Chile foodservice market is forecast to increase from US$6,208.0million in 2012 to US$8,753.1million in 2017, at a CAGR of 6.67% in local currency; the profit sector share in Chile is forecast to increase from 88.5% to 88.6%. The share of the restaurants channel is forecast to increase from 66.8% to 67.4% and will continue to lead all other channels in the profit sector.

In terms of number of outlets, in 2007 the restaurants channel commanded a strong share of the total foodservice industry, followed by accommodation. The total number of outlets in the restaurants channel increased over the review period, from 16,298 in 2007 to 18,859 in 2012. The highest CAGR growth over the review period was registered by the pubs, clubs and bars overall channel, where the total number of outlets increased from 3,412 in 2007 to 4,027 in 2012. The growth in the pubs, clubs and bars channel was followed by the retail and accommodation channels.

View the report: Chilean Foodservice: The Future of Foodservice in Chile to 2017

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