Bakery products continue to make a lot of bread for retailers and foodservice operators who rely on them to help feed the bottom line. In fact, bakery products compose 2.1% of the U.S. gross domestic product—about $311 billion in total economic output.1
Consumer demand for ice cream never seems to cool down. Summer may be the season when it’s an especially hot seller, but the perennial favorite seems to scoop up tons of business all year round.
Consumers are kicking the same-old, same-old to the curb in favor of exotic flavors and ethnic cuisines, paving the way for international street foods to eat into more market share.
When it comes to the beverage side of the foodservice business, it seems the glass is more than half full, with good reason to be optimistic of its ability to drive a higher check average. In fact, consumers are brimming with enthusiasm for beverages, which average upwards of $181 billion in sales annually, according to the food and beverage research firm Technomic.1
Given stats like these and their taste for flavor adventures that favor wellness and sustainability (humanely raised, probiotic and non-GMO are their top descriptors3), millennial snack enthusiasts seem to have become ravenous consumers of specialty foods.