LATAM Dining Out Market Size & Outlook, 2025-2033

LATAM Dining Out Market Insights

As highlighted in Deep Market Insights analysis, the LATAM Dining Out Market, valued at USD 371.5 Billion in 2024, is estimated to achieve USD 677.03 Billion by 2033.
The market is estimated to grow at a CAGR of 6.94% spanning 2026 to 2033.
By market size, Full-Service Restaurants led the Outlet Type category in 2024.
The Outlet Type segment led by Casual Dining Chains is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.

LATAM held 9.72% share of the global Dining Out Market size in 2024.
United States is expected to remain the largest contributor to the global market size by 2033.
By 2033, Colombia is anticipated to record the highest growth in LATAM, with the market size expected to reach USD 48.43 Billion.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 371.5 Billion
Market Size In 2033	USD 677.03 Billion
Largest segment	Full-Service Restaurants
Units	Revenue in USD Billion
CAGR	6.94% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
Outlet Type	Full-Service Restaurants Quick-Service Restaurants Casual Dining Chains Fine Dining
Occasion	Everyday Meals Social Gatherings Business Dining Celebrations
Dining Mode	Dine-In Takeaway Delivery Catering
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	161.19	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Outlet Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Full-Service Restaurants	XX.x	XX.x	XX.x	148.6	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Quick-Service Restaurants	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Casual Dining Chains	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Fine Dining	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Occasion	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Everyday Meals	XX.x	XX.x	XX.x	151.61	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Social Gatherings	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Business Dining	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Celebrations	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Dining Mode	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Dine-In	XX.x	XX.x	XX.x	181.37	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Takeaway	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Delivery	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Catering	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x