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.
In the endless blur of restaurant concepts vying for market share among millennial dining enthusiasts, bringing meaty differentiating factors to the table is a must.