Latin America’s fast food and quick service restaurants market is anticipated to grow with a significant CAGR of 6.9% during the forecast period. The growth of the market across the region can be attributed to the rapid changes in the diet of the people such as increased away?from?home eating and snacking habits. Additionally, the rapid rise in the number of fast-food chains and quick-service restaurants to comply with the changing demographics, employment, and lifestyles of the people across the region is also aiding to the growth of the market. In addition to this, the availability of fast food at affordable prices and convenience of food preparation associated with reduced time is also favoring the rising consumption of fast food in the region.
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Furthermore, the increasing penetration of global fast-food chains across the Latin American countries is also driving the growth of the fast-food and quick-service restaurant market. Global chain outlets such as Subway LLC and Burger king corp. are extensively expanding the number of outlets at commercial spaces and places of high traffic across the region. Additionally, global as well as local companies have a number of takeaway counters and self-ordering kiosks to enhance convenience for customers, thus aiding to the market growth. Strong advertisements highlighting key features of fast-food options are also increasing the consumer’s base for the fast food and quick service restaurants market in the region.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Countries Covered-
o Mexico
o Brazil
o Argentina
o Colombia
o Rest of Latin America
Segment Covered-
o By ProductType
o By Food Category
o By Store Type
o By Distribution Channel
- Competitive Landscape- Domino’s Pizza, Inc., McDonald’s Corp., Churromania Internacional, Yum! Brands, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Latin America Fast Food and Quick Service Restaurants Market Report Segment
By Product Type
- Burger& Sandwich
- Pizza & Pasta
- Beverage
- Desserts
- Salads
- Donuts
- Others Product
By Food Category
- Vegetarian Food
- Non-Vegetarian Food
- Vegan Food
By Store Type
- Chain Store
- Independent Store
By Distribution Channel
- Offline
- Online
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