American cuisine was one of the cuisine types within convenience store channels, along with Chilean cuisine, according to GlobalData’s menu intelligence database. In its menu analysis of convenience store in Chile report, GlobalData analyses 1,729 menu items across convenience store outlets and provides an overview of various foodservice channels in Chile. According to GlobalData, convenience store makes up 0.658% of all restaurant types in Chile. Buy the report here.
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Confectionery was found to be the most-used ingredient in convenience store establishments, featuring in 10% of menu items, followed by cheese and bread products. Vegetables and fruit were also significant ingredients. An analysis of menu categories reveals that soft drinks, baked goods & morning goods, meal deals and combinations, salads & sides and pasta & pizza were most popular within the convenience store format.
An analysis of the annual price change between 2023 and H1 2024 indicates that the average menu prices in Chile convenience store channel have flat growth. Considering all channels (including convenience store) the average price change was 0.1%. As on-premises dining gains momentum following the COVID-19 pandemic, the convenience store segment in Chile is expected to experience overall growth. Moreover, the introduction of new menu items that emphasize health and wellness generates interest in those seeking nutritious menu options and greater variety.
Different restaurant types exhibited mixed price movements within Chile foodservice market between 2023 and H1 2024. Of all the restaurant types, coffee & tea shop exhibited highest price hike, while baker experienced a price decrease.
An in-depth analysis of convenience store price trends by location reveals consumption trends of each region. The graph below represents the change in convenience store menu prices between 2023 and H1 2024 across the top five locations. As seen below, convenience store menu items in Iquique became more affordable as compared to Antofagasta and Talca.
While consumers become more price conscious, operators look for ways to optimize their costs to retain margin and market share. In the Chilean market, convenience store operators rely on innovation as a crucial tactic to appeal to customers as well as optimize costs. As increasing number of consumers seek novel experiences, foodservice operators must continuously innovate their menu choices, providing superior taste and quality along with a diverse selection of dishes. Operators should highlight the distinctive tastes and flavors of their food and beverage offerings in a convenient format to enhance customer engagement.
To further understand and explore GlobalData’s insight into Chile convenience store menu, buy the full report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Online Menu Intelligence is a database of cost and profit foodservice operators on menus within Foodservice Intelligence Center. The tool’s several search options, such as cuisine, category, menu item, ingredient, and restaurant, help users to conduct focused searches in terms of price analysis (average price and change in prices), menu item claims, popular categories, cuisine/ingredient penetration levels, etc.
