Sector Capsule: Fast Food in Hong Kong, China

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

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Thematic (Sector/Industry)

Philippines Specialty retail / Thematic (Sector/Industry)

<ul><li>Fast food registered 13% current value growth to reach PHP231.7 billion in 2017, while the number of outlets grew by 6% to total 8,838 and the number of transactions increased by 10% to reach 1.3 billion.</li><li>Fast food players continued to strongly adapt to consumers’ changing behaviour.</li><li>Driven by aggressive expansion, convenience stores fast food posted the highest current value growth of 20% to reach PHP13.2 billion in 2017.</li><li>Jollibee Foods Corp continued to lead fast food in 2017.</li><li>Fast food will record a CAGR of 8% at constant 2017 prices over the forecast period, reaching PHP336.2 billion in 2022; the number of outlets is set to rise at a CAGR of 8% to reach 12,789 in 2022.</li></ul>

Fast food registered 13% current value growth to reach PHP231.7 billion in 2017, while the number of outlets grew by 6% to total 8,838 and the number of transactions increased by 10% to reach 1.3 billion.Fast food players continued to strongly adapt to consumers’ changing behaviour.Driven by aggressive expansion, convenience stores fast food posted the highest current value growth of 20% to reach PHP13.2 billion in 2017.Jollibee Foods Corp continued to lead fast food in 2017.Fast food will record a CAGR of 8% at constant 2017 prices over the forecast period, reaching PHP336.2 billion in 2022; the number of outlets is set to rise at a CAGR of 8% to reach 12,789 in 2022.

Sector Capsule: Fast Food in the Philippines