Let's Chat Snacks

Menu Innovation Elation: Elevating Menus Helps Lift Sales

Let's Chat Snacks Posted on Sep 18, 2018 8:00:00 AM

It can seem a tall order for foodservice operators to thrive these days. Innovate or evaporate is a suitable mantra, given tight margins, rising labor costs and insistent consumer demand for speed, convenience and exciting new flavor experiences.

A prime example of the shifting foodservice landscape, the rise of subscription meal kits has delivered a blow to the bottom line, siphoning off $5 billion in market share1 and encouraging consumers to eat in and bypass takeout. And in-store meal kit sales from traditional retailers are surging too, jumping 26.5% last year to $154.6 million.2 Spending on meal kits is picking up speed at a rate 3x faster than other channels.2

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Topics: Technology, Millennials, Restaurant Operations, Snacking

On Course: Restaurant Operations Cook Up A Promising Future

Let's Chat Snacks Posted on Sep 11, 2018 8:00:00 AM

Ups and downs may be par for the course for independent restaurants, but now they seem to be happening simultaneously.

According to the NPD Group, a leading provider of industry analysis and advisory services, independent restaurants are expected to spend about $39 billion with foodservice manufacturers and broadline distributors this year—even though unit count dropped 3% in fall 2017 versus a year earlier.1

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Topics: Technology, Millennials, Restaurant Operations, Snacking, Trends

Global Snack Trends Open a World of Opportunities

Let's Chat Snacks Posted on Sep 4, 2018 8:00:00 AM

Small world, big sales seems to be the rule of thumb for foodservice operators these days. According to the global information and measurement company Nielsen, consumer appetite for snacking is surging worldwide.1 Last year the snack business hit a sweet spot, serving up $3.4 billion in global growth.1

In fact, while America may be the land of the free and the home of the snack-happy, other regions of the world have pulled ahead in value growth. In 2017, Europe led the pack, with $905.93 million, followed by Asia Pacific at $895.65 million.1 The U.S., where snacking has become so popular 94% of consumers surveyed partake at least once a day,2 landed third in snack sales, racking up $750.56 million.1

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Topics: Millennials, Snacking, Trends

Foodservice for Thought: Millennials Put Value and Values at Top of Menu

Let's Chat Snacks Posted on Aug 28, 2018 8:00:00 AM

Millennials are serving foodservice operators a feast of opportunities. In tune with technology, with a hunger for eating out and takeout, they’re at the forefront of the food revolution, driving such foodservice trends as farm-to-table and fast casual, according to Forbes.1

The millennial feeding frenzy has reached fever pitch, helping to drive a generational shift that has sent the percentage of consumers who dine out soaring from 25.9% in 1970 to a 43.5% in 2017.1 The trend took hold as more women entered the workforce and busy lifestyles made eating out a convenient option, with a cost differential often perceived to be negligible compared to cooking at home.1

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Topics: Millennials, Restaurant Operations, Snacking, Trends

Taste Trends: Doing Millennial Snack Fans a Flavor (Or Two, Or Three, Or More!)

Let's Chat Snacks Posted on Aug 21, 2018 8:00:00 AM

Millennials have the fever for flavor adventures—and as the largest U.S. age demographic,1 they just may take the cake as tastemakers whose preferences influence snack selections found on grocery stores and menus around the country.

As a recent article in The Washington Post reports, millennials love to snack, and their tendency to bypass traditional meals in favor of grazing drives demand for an ever-expanding array of snack options.1 In particular, healthy options such as roasted chickpeas, chia seed pudding and popped sorghum have emerged from obscurity to take a star turn as better-for-you fare.1

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Topics: Millennials, Snacking, Trends, Recipe

The Pluses of Pulses: A Plant-Based Snack Trend Grows

Let's Chat Snacks Posted on Aug 14, 2018 8:00:00 AM

In a youth-driven snack market hungry for menu innovation, alternative ingredients have been going through a prolonged growth spurt. Families with children drive the market, and as younger generational cohorts (and their buying power) grow, sales are likely to grow too.1

The popularity of alternative-ingredient snacks are on the rise as demand for better-for-you options steadily increases, particularly in the salty snack segment. The alternative-ingredient snack market posted a 7% growth rate in 2016—a faster rate than salty snacks as a whole.2

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Topics: Millennials, Snacking, Trends

Wake-Up Call: Breakfast-Inspired Menu Innovation Creates a Stir

Let's Chat Snacks Posted on Aug 7, 2018 8:00:00 AM

Breakfast and morning snacks are on a roll, serving up the sunny side of the foodservice business. In fact, according to the research firm NPD Group, it’s the only daypart that’s growing.1 With a one percent rise in restaurant traffic for the year ended February 18, breakfast seems to be hatching fresh opportunities at a time when lunch has been flat and dinner down a percentage point.1

If a one-percent rise in traffic seems like a slim slice of success, consider that breakfast is expanding rapidly beyond the morning daypart. Thirty-percent of consumers surveyed are purchasing breakfast items during later dayparts more often than they did two years earlier, according Technomic, a foodservice research and planning firm.2

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Topics: Desserts, Millennials, Snacking, Trends

Go Time: Foodservice Operations Arrive at Takeout and Delivery Solutions

Let's Chat Snacks Posted on Jul 31, 2018 8:00:00 AM

Delivery has arrived as a key foodservice trend, traffic driver and revenue engine. Now representing 1.7 billion annual foodservice visits,1 delivery is in the driver’s seat of demand for a faster, more convenient customer experience. With a quarter of U.S. consumers surveyed having ordered delivery in the past three months as of April 2017,1 the delivery phenomenon can be expected to continue to pick up speed.

Increasingly viewed as a foodservice customer service essential, delivery fuels the need for restaurants to consider the most effective ways to integrate it into their operators. The shifting landscape of to-go orders, third-party delivery partnerships and in-house delivery compels restaurants to revisit the design of their physical spaces with an eye toward end-to-end efficiency.

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Topics: Millennials, Restaurant Operations, Snacking, Trends

Sweet Talk: Consumers Love Sweet Snack Trends

Let's Chat Snacks Posted on Jul 24, 2018 8:00:00 AM

Americans are sweet on snacks—so much so, according to the market research firm Nielsen, they consumed over 92 billion dollars’ worth last year across the top seven categories.1 While salty snacks have the most sales to savor at $27.72 billion, candy came in second ($20.96 billion), cookies fourth ($7.36 billion) and ice cream fifth ($6.64 billion).1

Technomic, a foodservice-focused research and consulting firm, attributes the popularity of savory flavors to the tendency of American consumers to favor meat, grains, vegetables and cheeses.2 Technomic data indicates that they may view these as better-for-you profiles with lower sugar content.2

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Topics: Desserts, Millennials, Snacking, Trends

Hot Stuff: 2018 Summer Foodservice Trends

Let's Chat Snacks Posted on Jul 17, 2018 8:00:00 AM

'Tis the season when foodservice operators can enjoy the gift of high sales—and it’s summertime. Seasonality is a sales catalyst, and summer is no exception when it comes to seasonally inspired flavor profiles and culinary concepts. When temperatures rise, sales can rise too, provided your product mix leverages the summer’s hottest foodservice trends.

According to the foodservice research firm Technomic, seasonal ingredients fuse freshness and uniqueness, and younger consumers are especially receptive to seasonal and limited-time offers.1 Technomic data traces the upward arc of the trend: 47% of millennials surveyed in 2017 agree their preferences change with the seasons, compared to 39% in 2015.1

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Topics: Millennials, Snacking, Trends, Recipe

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