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
Restaurant sales figures for Q1 served up a mere morsel of success, whetting operators' appetites for more as industry same-store sales inched up 1.9%—a 0.5% increase over the fourth quarter of last year.1
Optimize or agonize. In a fiercely competitive landscape, where margins are tight and consumer expectations high, today’s foodservice operators seem locked in a state of perpetual hunger for innovative ways to make the best, most efficient use of resources.
The foodservice industry has become a feeding frenzy of options and channels, with competition for share of stomach heating up and operators scrambling for ways to stand out. Emerging concepts are already making an impact, and their momentum puts them on track to transform the foodservice landscape.