International cuisine was one of the cuisine types within baker channels, along with American and German cuisines, according to GlobalData’s menu intelligence database. In its menu analysis of baker in Bolivia report, GlobalData analyses 170 menu items across baker outlets and provides an overview of various foodservice channels in Bolivia. According to GlobalData, baker makes up 11% of all restaurant types in Bolivia. Buy the report here.
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Cheese was found to be the most-used ingredient in baker establishments, featuring in 14% of menu items, followed by bread products and vegetables. Fruit and pork were also significant ingredients. An analysis of menu categories reveals that baked goods & morning goods, sandwiches & wraps, meal deals and combinations, soft drinks and salads & sides were most popular within the baker format.
An analysis of the annual price change between 2022 and 2023 indicates that the average menu prices in Bolivia baker channel have flat growth. Considering all channels (including baker) the average price change was 0%. As on-premises dining gains momentum following the COVID-19 pandemic, the baker segment in Bolivia 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 Bolivia foodservice market between 2022 and 2023. Of all the restaurant types, venue exhibited highest price hike, while baker experienced a price decrease.
An in-depth analysis of baker price trends by location reveals consumption trends of each region. The graph below represents the change in baker menu prices between 2022 and 2023 across the top five locations. As seen below, baker menu items in Santa Cruz, BO became more affordable as compared to Peace and Santa Cruz, BO.
While consumers become more price conscious, operators look for ways to optimize their costs to retain margin and market share. In the Bolivia market, baker 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 Bolivia baker 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.
