Peruvian Foodservice: The Future of Foodservice in Peru to 2016
Online PR News – 12-September-2012 – Hyderabad/AndhraPradesh – ReportReserve announces the inclusion of its new report published by Canadean.
This report provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies
Introduction and Landscape
Why was the report written?
This report is the result of Canadean's extensive market and company research covering the Peruvian foodservice industry. It provides detailed analysis of both historic and forecast foodservice industry values at channel level, analysis of the leading companies in the industry, and Peru's business environment and landscape.
What is the current market landscape and what is changing?
The Peruvian economy has witnessed significant growth over the review period. Post recession, the country revived quickly as the GDP growth rate increased to 8.8% in 2010 from 0.8% in 2009. In 2010, the service industry contributed 55% to the country's GDP, which highlights the importance of the sector in the economy.
What are the key drivers behind recent market changes?
In 2011, the 15 to 35 age group comprised 35.2% of the total population, which also constitutes the working population of the country. This age group has a population of ten million and consists of the highest number of foodservice consumers who are eager to try new things and mostly prefer to eat out.
What makes this report unique and essential to read?
“Peruvian Foodservice: The Future of Foodservice in Peru to 2016” provides a top-level overview and detailed market, channel, and company-specific insights into the operating environment for foodservice companies. It is an essential tool for companies active across the Peruvian foodservice value chain, and for new companies considering entering the market.
Key Features and Benefits
This report provides readers with unparalleled levels of detail and insight into the development of the foodservice sector within Peru.
This report provides readers with in depth data on the valuation and development of both the profit and cost sectors in the Peru's foodservice market.
This report provides details on the number of outlets, transactions, average price, foodservice sales, sales per outlet, and transactions per outlet per week across nearly 50 sub-channels.
This report provides highly granular future forecasts and historic market data to aid market and strategic planning.
This report will help you to assess the impact of economic recession and recovery on foodservice market growth.
Key Market Issues
Even though the middle class is increasing steadily, poverty is still a major concern in Peru. One third of the population is considered to be under the poverty line.
Foodservice sector is largely unorganized, chained restaurants and coffee shops are still a new concept in the country. Traditional dining restaurants are popular across the nation whereas, the chained restaurants are confined to big cities such as Lima
Despite of being a growing economy, the country does not have a sustained growth and is affected significantly by recession and other global economic uncertainties. The foodservice sales was hit by the recession in 2009, when GDP growth rate declined to 0.8%.
Government imposed a restriction on the number of visitors to the Machu-Picchu site, which attracts the largest number of tourist to the country. The restriction was imposed to protect the site from the ill-effects of soil erosion and damage due to huge number of visitors. This has decreased the prospects of foodservice sales on the site as well as other places around it.
The elections and political instability in Peru in 2012 has affected the foodservice sales as the foreign tourists are apprehensive about the security situations in the country.
Post the economy opening up, there has been a considerable increase in the tourist inflow in the country. The country's economic growth as well as its political and social stability provides a favorable environment for tourism to grow. Moreover, the modernization of the economy has led to the opening of several pubs, bars, discos, and nightclubs in some of Peru's big cities such as Lima and Cuzco.
The unemployment rate decreased steadily from 8.4% in 2009 to 7.5% in 2011. This has led to an increase in disposable income, which encouraged spend on foodservices as a result of which foodservice sales have increased considerably over the review period.
Post recession, the country revived quickly as the GDP growth rate increased to 8.8% in 2010 from 0.8% in 2009. The integration with the global economy and Peru's free market economy have helped the country grow steadily at a fast pace.
In 2010, the middle class comprised 57% of the total population and it is increasing steadily which led to growth in consumer purchasing power.
In 2010, the service industry contributed 55% to the country's GDP, which highlights the importance of the sector in the economy.
For further information visit http://www.reportreserve.com/report/peruvian-foodservice-the-future-of-foodservice-in-peru-to-2016-report-559184