Brazil: Food Service - Hotel Restaurant Institutional
Brazil’s GDP reached R$6.6 trillion (US$2 trillion) in 2017. This represented not only an increase of 1 percent growth, but also a way out of the recession that hit Brazil in 2014. In 2017, consumption of food-away-fromhome responded positively and the food service sector, estimated at R$407 billion (US$126 billion), expanded 4 percent in real terms, compared to 2016. Brazilians are still gradually recovering from the crisis and investors are still on hold mode because of the presidential elections in 2018, however unlike other segments of the economy, food responds to various needs and for this reason new-to-market companies and U.S. exporters should view this moment as an opportunity.
