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report thumbnailLatin America and Caribbean Quick Service Restaurants Market

Latin America and Caribbean Quick Service Restaurants Market Decade Long Trends, Analysis and Forecast 2025-2033

Latin America and Caribbean Quick Service Restaurants Market by Service Type (Dine-In, Takeaway, Delivery), by Latin America (Brazil, Argentina, Chile, Colombia, Mexico, Peru, Venezuela, Ecuador, Bolivia, Paraguay) Forecast 2026-2034

Jun 19 2025

Base Year: 2025

119 Pages

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Latin America and Caribbean Quick Service Restaurants Market Decade Long Trends, Analysis and Forecast 2025-2033

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Latin America and Caribbean Quick Service Restaurants Market Decade Long Trends, Analysis and Forecast 2025-2033


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Key Insights

The Latin America and Caribbean Quick Service Restaurants Market is pegged at a staggering valuation of 71.14 USD Billion and is surging forward with a remarkable CAGR of 9.81%. Various factors are driving this market's robust growth, including the increasing popularity of quick and convenient dining options, rising disposable incomes, growing urbanization, changing lifestyles, and the expansion of the tourism industry. The benefits of quick service restaurants, such as time-saving, affordability, and menu diversity, are attracting a wider consumer base.

Latin America and Caribbean Quick Service Restaurants Market Research Report - Market Overview and Key Insights

Latin America and Caribbean Quick Service Restaurants Market Market Size (In Million)

100.0M
80.0M
60.0M
40.0M
20.0M
0
65.60 M
2022
70.30 M
2023
75.40 M
2024
80.90 M
2025
86.80 M
2026
93.00 M
2027
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Latin America and Caribbean Quick Service Restaurants Market Trends

The Latin American and Caribbean Quick Service Restaurant (QSR) market is experiencing dynamic growth, fueled by several key trends. The increasing adoption of digital platforms and mobile applications has revolutionized ordering, with delivery and online ordering surging in popularity due to their unparalleled convenience. This digital transformation is not only boosting sales but also enhancing customer experience through personalized offers and targeted promotions. Simultaneously, a rising consumer preference for healthier and more nutritious options is reshaping menus, prompting QSRs to introduce balanced and innovative choices. Personalization is another key driver, with consumers increasingly seeking customized meals and flavors tailored to individual preferences, pushing restaurants to offer greater menu flexibility and customization options.

Latin America and Caribbean Quick Service Restaurants Market Market Size and Forecast (2024-2030)

Latin America and Caribbean Quick Service Restaurants Market Company Market Share

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Driving Forces: What's Propelling the Latin America and Caribbean Quick Service Restaurants Market

Several powerful forces are driving the expansion of the Latin American and Caribbean QSR market. Rapid urbanization across the region is creating a larger concentration of individuals seeking convenient and affordable meal solutions. This is further amplified by a rise in disposable incomes and evolving lifestyles, leading to increased spending on dining out. The burgeoning tourism industry also plays a significant role, with high demand for quick and accessible food options in popular tourist destinations. Furthermore, the increasing presence of multinational QSR chains and the emergence of successful local brands are contributing to the overall market vibrancy.

Challenges and Restraints in Latin America and Caribbean Quick Service Restaurants Market

Despite the promising growth prospects, the Latin America and Caribbean Quick Service Restaurants Market faces certain challenges. Intense competition among established players and new entrants can lead to price wars and margin pressures. Moreover, fluctuating food prices and supply chain disruptions can impact profitability. Additionally, regulatory changes and compliance requirements can pose challenges for operators.

Key Region or Country & Segment to Dominate the Market

The Latin America and Caribbean Quick Service Restaurants Market is expected to be dominated by Brazil, Mexico, and Argentina due to their large populations, growing economies, and significant tourism sectors. In terms of segments, the delivery segment is projected to witness the highest growth rate due to the increasing popularity of online ordering and convenience it offers.

Growth Catalysts in Latin America and Caribbean Quick Service Restaurants Industry

The Latin American and Caribbean QSR industry shows strong potential for sustained growth. Continuous menu innovation and the introduction of new, exciting products are crucial for attracting and retaining customers. Strategic partnerships and acquisitions are enabling established players to expand their geographical reach and enhance their market share, while simultaneously fostering innovation and efficiency. The strategic adoption of technology, particularly in areas such as digital ordering, inventory management, and customer relationship management (CRM), is significantly improving operational efficiency and providing valuable insights for enhancing customer experience. Furthermore, the rising popularity of ghost kitchens and cloud kitchens allows for cost-effective expansion and reach into new areas.

Market Segmentation: Latin America and Caribbean Quick Service Restaurants Analysis

  • Service Type
    • Dine-In
    • Takeaway
    • Delivery

Leading Players in the Latin America and Caribbean Quick Service Restaurants Market

  • Yum! Brands, Inc. (U.S.)
  • Domino's Pizza, Inc. (U.S.)
  • Restaurant Brands International Inc. (Canada)
  • Starbucks Corporation (U.S.)
  • McDonald's Corporation (U.S.)
  • Juici Patties (Jamaica)
  • Subway Inc. (U.S.)
  • Carl's Jr. Restaurants LLC (U.S.)
  • Wendy's International, LLC. (U.S.)
  • The BOB'S Brasil (Brazil)

Significant Developments in Latin America and Caribbean Quick Service Restaurants Sector

  • Domino's Pizza: Launched new Mexican-inspired pizzas and wedges, capitalizing on the popularity of Mexican flavors with its "Ultimate Chicken Mexicana" offering.
  • Subway: Signed a master franchise agreement to accelerate expansion across Latin America, Europe, Asia Pacific, and the Middle East & Africa, aiming for 4,000 new outlets.
  • Starbucks: Announced plans to open 120 new stores in Latin America and the Caribbean in 2023, including its first location in Guyana, demonstrating commitment to market expansion.
  • Subway (Brazil): Partnered with South Rock to modernize existing restaurants and open new locations, strengthening its presence in a key market.
  • [Add another significant development here, if available. For example, a new local brand's success story or a major investment in the sector.]

Comprehensive Coverage Latin America and Caribbean Quick Service Restaurants Market Report

  • Key trends and market drivers
  • In-depth analysis of market segments
  • Detailed profiles of leading players
  • Comprehensive industry analysis
  • Future market outlook

Regional Insight

  • Brazil: The leading market in Latin America and the Caribbean, driven by a large population, growing economy, and tourism sector.
  • Mexico: A significant market with a growing middle class and a strong demand for quick service restaurants.
  • Argentina: A promising market with a high urbanization rate and a growing number of working professionals.

Latin America and Caribbean Quick Service Restaurants Market Market Share by Region - Global Geographic Distribution

Latin America and Caribbean Quick Service Restaurants Market Regional Market Share

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Consumer Side Analysis

  • Increasing preference for convenience and affordability
  • Growing health consciousness
  • Trend towards personalization

DROCs

  • Digital platforms are driving delivery and online ordering
  • Menu innovation and new product launches are attracting consumers
  • Strategic partnerships and acquisitions are expanding market reach

SWOT Analysis

Strengths

  • Convenience and affordability
  • Growing demand for healthy and customized options
  • Expansion of delivery and online ordering

Weaknesses

  • Competition and price wars
  • Fluctuating food prices
  • Regulatory challenges

Opportunities

  • Partnerships and acquisitions
  • Menu innovation and new product launches
  • Emerging markets with growing demand

Threats

  • Changing consumer preferences
  • Economic downturns
  • Health concerns related to fast food

Geographic Coverage of Latin America and Caribbean Quick Service Restaurants Market

Higher Coverage
Lower Coverage
No Coverage

Latin America and Caribbean Quick Service Restaurants Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2020-2034
Base Year 2025
Estimated Year 2026
Forecast Period2026-2034
Historical Period2020-2025
Growth RateCAGR of 9.81% from 2020-2034
Segmentation
    • By Service Type
      • Dine-In
      • Takeaway
      • Delivery
  • By Geography
    • Latin America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Mexico
      • Peru
      • Venezuela
      • Ecuador
      • Bolivia
      • Paraguay

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increased Canned Seafood Adoption due to Its Higher Shelf Life to Drive Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Rising Prevalence of Type 2 Diabetes and Obesity to Restraint Regional Market Growth
      • 3.4. Market Trends
        • 3.4.1. Rising Technological Advancements in Aquaculture Industry to Fuel Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Latin America and Caribbean Quick Service Restaurants Market Analysis, Insights and Forecast, 2020-2032
    • 5.1. Market Analysis, Insights and Forecast - by Service Type
      • 5.1.1. Dine-In
      • 5.1.2. Takeaway
      • 5.1.3. Delivery
    • 5.2. Market Analysis, Insights and Forecast - by Region
      • 5.2.1. Latin America
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2025
      • 6.2. Company Profiles
        • 6.2.1 Yum! Brands Inc. (U.S.)
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Domino’s Pizza Inc. (U.S.)
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Restaurant Brands International Inc. (Canada)
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Starbucks Corporation (U.S.)
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 McDonald’s Corporation. (U.S.)
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Juici Patties (Jamaica)
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Subway Inc. (U.S.)
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Carl’s Jr. Restaurants LLC (U.S.)
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Wendy's International LLC. (U.S.)
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 The BOB'S Brasil (Brazil)
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Yum! Brands Inc. (U.S.)
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Domino’s Pizza Inc. (U.S.)
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Restaurant Brands International Inc. (Canada)
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 Starbucks Corporation (U.S.)
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 McDonald’s Corporation. (U.S.)
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
        • 6.2.16 Juici Patties (Jamaica)
          • 6.2.16.1. Overview
          • 6.2.16.2. Products
          • 6.2.16.3. SWOT Analysis
          • 6.2.16.4. Recent Developments
          • 6.2.16.5. Financials (Based on Availability)
        • 6.2.17 Subway Inc. (U.S.)
          • 6.2.17.1. Overview
          • 6.2.17.2. Products
          • 6.2.17.3. SWOT Analysis
          • 6.2.17.4. Recent Developments
          • 6.2.17.5. Financials (Based on Availability)
        • 6.2.18 Carl’s Jr. Restaurants LLC (U.S.)
          • 6.2.18.1. Overview
          • 6.2.18.2. Products
          • 6.2.18.3. SWOT Analysis
          • 6.2.18.4. Recent Developments
          • 6.2.18.5. Financials (Based on Availability)
        • 6.2.19 Wendy's International LLC. (U.S.)
          • 6.2.19.1. Overview
          • 6.2.19.2. Products
          • 6.2.19.3. SWOT Analysis
          • 6.2.19.4. Recent Developments
          • 6.2.19.5. Financials (Based on Availability)
        • 6.2.20 The BOB'S Brasil (Brazil)
          • 6.2.20.1. Overview
          • 6.2.20.2. Products
          • 6.2.20.3. SWOT Analysis
          • 6.2.20.4. Recent Developments
          • 6.2.20.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Latin America and Caribbean Quick Service Restaurants Market Revenue Breakdown (USD Billion, %) by Product 2025 & 2033
  2. Figure 2: Latin America and Caribbean Quick Service Restaurants Market Share (%) by Company 2025

List of Tables

  1. Table 1: Latin America and Caribbean Quick Service Restaurants Market Revenue USD Billion Forecast, by Service Type 2020 & 2033
  2. Table 2: Latin America and Caribbean Quick Service Restaurants Market Volume Million Kg Forecast, by Service Type 2020 & 2033
  3. Table 3: Latin America and Caribbean Quick Service Restaurants Market Revenue USD Billion Forecast, by Region 2020 & 2033
  4. Table 4: Latin America and Caribbean Quick Service Restaurants Market Volume Million Kg Forecast, by Region 2020 & 2033
  5. Table 5: Latin America and Caribbean Quick Service Restaurants Market Revenue USD Billion Forecast, by Service Type 2020 & 2033
  6. Table 6: Latin America and Caribbean Quick Service Restaurants Market Volume Million Kg Forecast, by Service Type 2020 & 2033
  7. Table 7: Latin America and Caribbean Quick Service Restaurants Market Revenue USD Billion Forecast, by Country 2020 & 2033
  8. Table 8: Latin America and Caribbean Quick Service Restaurants Market Volume Million Kg Forecast, by Country 2020 & 2033
  9. Table 9: Brazil Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  10. Table 10: Brazil Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  11. Table 11: Argentina Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  12. Table 12: Argentina Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  13. Table 13: Chile Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  14. Table 14: Chile Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  15. Table 15: Colombia Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  16. Table 16: Colombia Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  17. Table 17: Mexico Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  18. Table 18: Mexico Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  19. Table 19: Peru Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  20. Table 20: Peru Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  21. Table 21: Venezuela Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  22. Table 22: Venezuela Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  23. Table 23: Ecuador Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  24. Table 24: Ecuador Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  25. Table 25: Bolivia Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  26. Table 26: Bolivia Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033
  27. Table 27: Paraguay Latin America and Caribbean Quick Service Restaurants Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
  28. Table 28: Paraguay Latin America and Caribbean Quick Service Restaurants Market Volume (Million Kg) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Latin America and Caribbean Quick Service Restaurants Market?

The projected CAGR is approximately 9.81%.

2. Which companies are prominent players in the Latin America and Caribbean Quick Service Restaurants Market?

Key companies in the market include Yum! Brands, Inc. (U.S.), Domino’s Pizza, Inc. (U.S.), Restaurant Brands International Inc. (Canada), Starbucks Corporation (U.S.), McDonald’s Corporation. (U.S.), Juici Patties (Jamaica), Subway Inc. (U.S.), Carl’s Jr. Restaurants LLC (U.S.), Wendy's International, LLC. (U.S.), The BOB'S Brasil (Brazil), Yum! Brands, Inc. (U.S.), Domino’s Pizza, Inc. (U.S.), Restaurant Brands International Inc. (Canada), Starbucks Corporation (U.S.), McDonald’s Corporation. (U.S.), Juici Patties (Jamaica), Subway Inc. (U.S.), Carl’s Jr. Restaurants LLC (U.S.), Wendy's International, LLC. (U.S.), The BOB'S Brasil (Brazil).

3. What are the main segments of the Latin America and Caribbean Quick Service Restaurants Market?

The market segments include Service Type.

4. Can you provide details about the market size?

The market size is estimated to be USD 71.14 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Increased Canned Seafood Adoption due to Its Higher Shelf Life to Drive Market Growth.

6. What are the notable trends driving market growth?

Rising Technological Advancements in Aquaculture Industry to Fuel Market Growth.

7. Are there any restraints impacting market growth?

Rising Prevalence of Type 2 Diabetes and Obesity to Restraint Regional Market Growth.

8. Can you provide examples of recent developments in the market?

August 2023: Domino's launched new Mexican-inspired pizzas and wedges, bringing Mexican flavors to its menu with the new Ultimate Chicken Mexicana. The Ultimate Chicken Mexicana Pizza features Mexican-inspired ingredients, such as spicy shredded chicken, tomatoes, onions, jalapenos, and green and red peppers and some spicy mayonnaise. These new launches have helped the company expand its food menu in different countries and increase its customer base.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3850, USD 4850, and USD 5850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Kg.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Latin America and Caribbean Quick Service Restaurants Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Latin America and Caribbean Quick Service Restaurants Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Latin America and Caribbean Quick Service Restaurants Market?

To stay informed about further developments, trends, and reports in the Latin America and Caribbean Quick Service Restaurants Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.