Brazil Fast Food Market Report and Forecast 2024-2032

Brazil Fast Food Market Size

The Brazil fast food market is projected to grow at a CAGR of 5.9% between 2024 and 2032. The market is being driven by the growing urbanisation and hectic lifestyles of the working population.

Brazil Fast Food Market Outlook

• In 2022, Brazilians spent nearly 48% of their food budget to eat outside of their homes. 

• Reportedly, 36% of Brazilians in the southeast region used apps to place food orders in 2022.

• iFoodi, the largest delivery app in Latin America, dominates over 80% of the market share in Brazil as a last-mile delivery behemoth.

Brazil Fast Food Market Growth

In 2022, the Brazilian economy grew by 2.9% and the foodservice sector witnessed a y-o-y increase of 9.8% to reach USD 106 billion. The Brazilian Association of Bars and Restaurants reported that spending at restaurants and bars experienced a year-on-year increase of 20% in the second half of 2022.

89% of Brazil’s entire population lives in urban areas. Rapid urbanisation in the country is leading to a higher demand for fast and convenient meal choices. Fast food establishments cater to the busy lifestyles of city residents by providing quick and easy dining options. With the expanding economy in Brazil, people have more disposable income to allocate towards eating out, particularly at fast food restaurants. In 2022, the country boasted a GDP per capita of USD 9,458.

Brazil ranks as the second-largest beef producer globally and the sixth-largest consumer of red meat. Churrascaria restaurants are widely popular across the country, offering a variety of grilled beef, sausages, and chicken for patrons to enjoy. The term "churrasco," meaning barbecue, has its origins in southern Brazil, where the Indigenous community used to cook their meat over fires.

Brazil Fast Food Industry Segmentation

“Brazil Fast Food Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Sandwiches/ Burgers

• Pizza/ Pasta

• Asian/Latin American Food

• Others

Market Breakup by Service Type

• Full-Service Restaurants

• Quick Service Restaurants

• Others

Market Breakup by Region

• São Paulo

• Minas Gerais

• Rio de Janeiro

• Bahia

• Rio Grande do Sul

Brazil Fast Food Market Share

Based on the product, the market is segmented into sandwiches/ burgers, pizza/ pasta, and Asian/Latin American food, among others. Sandwiches/burgers are projected to grow at a CAGR of 6.5% during the forecast period of 2024-2032. Sandwiches and burgers are essential components of the fast food sector, recognised for their convenience, diversity, and broad popularity. As fast-service offerings, sandwiches and burgers seamlessly align with the fast-paced lifestyle of contemporary consumers, offering a swift and gratifying dining choice.

Leading Companies in the Brazil Fast Food Market

Major players are focusing on the introduction of health-conscious menus and expansion of food delivery applications to gain a competitive edge in the market.

• Domino’s Pizza Inc. 

• Subway IP LLC 

• Restaurant Brands International Inc 

• McDonald's Corporation  

• Yum! Brands, Inc. 

• Gennius Brasil Group (Habib’s) 

• Inspire Brands, Inc. 

• HOT N' TENDER 

• Others

Key Highlights of the Report