| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 6.00% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Airport Quick Service Restaurant Market Analysis by Mordor Intelligence
The Latin America Airport Quick Service Restaurant Market is expected to register a CAGR of 6% during the forecast period.
The COVID-19 pandemic led to a negative effect on the Latin America airport quick service restaurant market. The onset of the COVID pandemic led to various countries imposing stringent rules and regulations on travel and lockdowns which affected airport operations and airport revenues. The decline in the number of air passengers during the pandemic led to the closing of various restaurants within the airport owing to the fact that these restaurants were facing huge losses. On the other hand, the decline in the pandemic led to the opening up of the borders of various countries and the removal of regulations governing travel and lifting of the lockdown has again prompted the aviation industry in Brazil to witness growth in air passenger traffic. Overall, the growth in air passenger traffic led to a number of quick-service restaurants within the Brazilian airports reopening and continuing their operations and this will lead to growth in the market during the forecast period.
There has been a steady growth in the number of passengers traveling through air over the past decade. With high pricing and low quality of the inflight food, the demand to bring your own food (BYOF) concept is gradually growing particularly from domestic economy class passengers. The demand for the BYOF concept is anticipated to drive the growth of quick-service restaurants in the airport during the forecast period. The increasing investments in airport infrastructure for the construction of new terminals and new airports to cater to the needs of growing passenger traffic, are anticipated to generate new opportunities for the concessionaire in the coming years.
The stringent regulations of airport authorities, problems in logistics and limitations in the menus of the QSRs are hampering the growth of airport quick-service restaurants market.
Latin America Airport Quick Service Restaurant Market Trends and Insights
By Food Type, Meals is Expected to Witness Significant Growth During the Forecast Period
By food type, meals is expected to witness significant growth during the forecast period. The growth in the number of air passengers as well as the increasing revenues of the middle-class population along with changes in food habits will lead various restaurants in Latin American airport to adapt to the changing preferences of the passengers and serve meals which is customized to suit the passenger requirements. Changes in meal types of passengers have led to rapid growth in the consumption of fast foods and this has led to the creation of new opportunities for market players. Moreover, the availability of a wide variety of different types of meals at restaurants within the airport and at lower costs as compared to in-flight meal purchasing is also boosting the growth of restaurants within the airports.
Various companies, in the present scenario, are expanding their food chains in Latin American countries where the penetration of low-cost carriers is high. As most of the low-cost carriers do not provide provisions for in-flight catering, expanding food chains will lead to different food and beverage companies catering to different types of meals for the passengers. Thus, such measures will lead the market to witness growth during the forecast period.
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Brazil is Expected to Witness Significant Growth During the Forecast Period
The country of Brazil is expected to witness significant growth during the forecast period in Latin America Airport Quick Service Market. Brazil is the largest economy in Latin America, and this is the reason why the country has by far the largest air transport market in the Latin American region. Moreover, the growth in the market can be attributed to an increase in the number of air passengers in Brazil coupled with a growing number of food and beverage companies within Brazilian airports.
In 2021, according to CEIC data, the domestic air passenger traffic in Brazil was reported at 62,583,158 which was an increase as compared to the air passenger traffic which accounted for 45,249,089 in 2020. Moreover, in 2021, International air passenger traffic from Brazil was reported at 4,788,367 2021 according to CEIC data. For 2020, international air passenger traffic accounted for 6,763,298 people.
According to the recent report of IATA, the aviation sector contributes approximately USD 18.8 billion to the GDP of Brazil and the increase in the number of air passenger traffic will push various airports in Brazil to provide quick services to passengers in a shorter time. This will lead to various quick-service restaurants being opened across Brazilian airports and this will lead to the market growth during the forecast period.
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Competitive Landscape
The Latin America Airport Quick Service Restaurant Market is consolidated with some major players in the market including Burger King Corp., Domino's Pizza, Inc., McDonald's Corp., Starbucks Corp., and Subway IP LLC amongst others.
The increasing investments in airport infrastructure including the construction and expansion of new terminals and new airports in the Latin American region, to cater to the needs of growing passenger traffic, are anticipated to generate new opportunities for the concessionaire in the coming years.
Latin America Airport Quick Service Restaurant Industry Leaders
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Burger King Corp.
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Domino's Pizza, Inc.
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McDonald's Corp.
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Starbucks Corp.
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Subway IP LLC
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
In April 2022, California Pizza Kitchen announced that they have opened a franchise location at Santiago International Airport in Chile which has led to expanding the location of the company to airports in Latin America.
In December 2021, Starbucks announced that they are looking to expand its presence in Brazil by opening stores in eight more locations. The eight locations will be opened by SouthRock, the licensed operator of Starbucks stores in the country, in the state of Minas Gerais. Two of the locations, situated at Aeroporto Internacional de Belo Horizonte and Boulevard Shopping, have recently started operations. The remaining six locations will be opened in the upcoming weeks. These stores will be located at BH Shopping, Minas Shopping, Shopping Cidade BH and Uberlândia Shopping, as well as including two further stores at the airport.
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Latin America Airport Quick Service Restaurant Market Report Scope
A quick-service restaurant (QSR) is defined as a restaurant that can offer certain food items with minimal preparation time and is delivered through quick services.
The Latin America Airport Quick Service Restaurant Market is segmented by food type, food category, store type, and geography. By food type, the market has been segmented by meals, bakery and confectionery, beverages, and other food types. By food category, the market has been segmented into vegetarian food, non-vegetarian food, and vegan food. By store type, the market has been segmented into chain stores and independent stores. By geography, the market has been segmented into Mexico, Brazil, Argentina, Colombia, and the Rest of Latin America. Moreover, the report offers a market forecast and is represented by USD million. Furthermore, the report also includes various key statistics on the market status of leading market players and provides key trends and opportunities in Latin America Airport Quick Service Restaurant Market.
Food Type
| Meals |
| Bakery and confectionery |
| Beverages |
| Other Food Types |
By Food Category
| Vegetarian Food |
| Non-Vegetarian Food |
| Vegan Food |
By Store Type
| Chain Store |
| Independent Store |
Geography
| Mexico |
| Brazil |
| Argentina |
| Colombia |
| Rest of Latin America |
| Food Type | Meals |
| Bakery and confectionery | |
| Beverages | |
| Other Food Types | |
| By Food Category | Vegetarian Food |
| Non-Vegetarian Food | |
| Vegan Food | |
| By Store Type | Chain Store |
| Independent Store | |
| Geography | Mexico |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of Latin America |
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Key Questions Answered in the Report
What is the current Latin America Airport Quick Service Restaurant Market size?
The Latin America Airport Quick Service Restaurant Market is projected to register a CAGR of 6% during the forecast period (2025-2030)
Who are the key players in Latin America Airport Quick Service Restaurant Market?
Burger King Corp., Domino's Pizza, Inc., McDonald's Corp., Starbucks Corp. and Subway IP LLC are the major companies operating in the Latin America Airport Quick Service Restaurant Market.
What years does this Latin America Airport Quick Service Restaurant Market cover?
The report covers the Latin America Airport Quick Service Restaurant Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Airport Quick Service Restaurant Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Latin America Airport Quick Service Restaurant Market Report
Statistics for the 2025 Latin America Airport Quick Service Restaurant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Airport Quick Service Restaurant analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
