There’s a lot of buzz these days about non-alcoholic drink concepts—and bold beverage innovations are buoying up sales at foodservice operations.
In a millennial dining market hungry for taste adventures, sauces are go-to sources of culinary inspiration and new flavor profiles—and foodservice operations are pouring them on.
As the consumer appetite for better-for-you and functional foodservice continues to grow, wellness-driven meal delivery can be expected to make more inroads into the market. Jumping on the better-for-you bandwagon seems an essential ingredient in any recipe for off-premises business success.
Catering is stepping up to the plate as a reliable way to feed the foodservice bottom line. The market research firm Technomic reports that in 2017 the booming U.S. catering market topped $58 billion—more than $22 billion of which was eaten up by business catering, with the balance (nearly $36 billion) attributed to social catering.1
Plant-based meat replacements are growing in popularity, and investors are sinking their teeth into their market potential. With consumers hungry for better-for-you meat alternatives that address their moral concerns about animal welfare and the environmental impact of meat consumption, it’s no wonder that plant-based protein has become fertile ground for capital funding.