Philippines Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

"Philippines Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026" published by GlobalData provides extensive insight and analysis of the Filipino Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The overall value of the Filipino foodservice profit sector registered a negative CAGR of 9.2% during 2016-21. The decline in the foodservice profit sector was due to the substantial reduction in the number of transactions in 2021, a result of strict operational restrictions on restaurants and cafes amid the COVID-19 outbreak. Take-aways and deliveries played a crucial role in mitigating losses among foodservice businesses to some extent, especially in the QSR channel, due to the convenience factor.

Chain operators dominated the profit sector in 2021. Both chain and independent operators registered declines in value during 2016-21 across all restaurant channels. During 2021-26, independent restaurant operators will grow at a slightly faster rate (17.5%) than chain operators (14.5%). During 2021-26, profit sector sales will grow and register a CAGR of 17.5%. Value growth in the sector will be driven by an increase in the number of transactions.

The report includes -

• Overview of Philippines' macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the Philippines' foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) within the Philippines's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Filipino population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope

• The Filipino foodservice profit sector generated a total revenue of PHP451.1 billion ($9.2 billion) in 2021, registering a negative CAGR of 9.2% from PHP729 billion ($15.4 billion) in 2016. The decline was primarily due to the reduced number of transactions during 2016-21, which declined at a negative CAGR of 8.7%.
• QSR was the largest channel, accounting for 56.1% of the overall sector's value in 2021. The channel remained popular among consumers due to its convenience, value for money, and safe delivery services. QSR operators adopted new strategies and offered a wide range of food options with convenient deliveries, take-aways, and drive-thru services.
• FSR was the second-largest channel in the foodservice profit sector, with a share of 18.6% in 2021. Pub, club & bar was the third-largest channel in the Philippines' profit sector in 2021. It was followed by workplace and mobile operator channels.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2021-2026) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.