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 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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