Brazil: Food Service - Hotel Restaurant Institutional
Brazil is one of the major world players in the hotel, restaurant, and institutional (HRI) sector, with the HRI industry valued at US$116 billion. Despite the current economic scenario, Brazil presents genuine opportunities for U.S. exporters of food and agricultural products and ingredients. The market was affected by a decrease of disposable income in 2016 and 2017 due to the economic crisis suffered by Brazil, yet closed 2016 with a positive Compound Annual Growth Rate (CAGR) of 4.4 percent for the period of 2011-2016. A subtle recovery is expected for 2017, with a CAGR of 2.68 percent forecast through 2021.
