Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Will Foodservice Win or Lose in the Game of Eat in or Go out?" report has been added to ResearchAndMarkets.com's offering.
The insights provided in this report are based on data from the publisher's Q1 2023 and Q4 2022 global consumer survey, which is conducted quarterly to capture evolving consumer sentiment throughout the year.
The foodservice industry has faced numerous challenges in maintaining customer traffic, particularly in the wake of the significant impact of COVID-19 in 2020. However, there is a notable expected increase in long-term demand for dine-in services. The publisher's findings indicate a growing opportunity for foodservice providers to compete with at-home cooking and dining by offering omnichannel experiences.
To cater to consumers' preferences for affordability, restaurants have increasingly introduced long-term price promotions. Foodservice providers are exploring innovative ways to maintain affordability without compromising on the quality of their menu offerings. For instance, Starbucks has downsized its portions to offer more budget-friendly options to consumers.
Younger generations, in particular, have shown a strong preference for online takeaway services, seeking convenience and ease in their food choices. Both dine-in and takeaway segments are projected to grow, with expected CAGRs of 7.3% and 6.1% respectively from 2022 to 2027. This highlights a growing opportunity for foodservice providers to expand their reach and offer more points of purchase to consumers.
Reasons to Buy
- Understand the challenges and opportunities for foodservice brands in the face of consumers looking to eat in more often.
- Gain insight into how competitors are responding to this trend.
- Access valuable strategic take-outs to help direct future decision-making and inform new product and service development.
Key Topics Covered:
01. Introduction
02. Trends deep dive
03. Trends in action case studies
04. Take-outs
05. Appendix
A selection of companies mentioned in this report includes
- Salad & Go
- Good Food
- Aloette Go
- Domino's
- Pirata
- Del Taco
- Tim Horton's
- Burger King
- Uber Eats
- Pizza Hut
- Applebee's
- Chatime
- Starbucks
- Heinz
- Uber Eats
For more information about this report visit https://www.researchandmarkets.com/r/qd8jdr
Source: GlobalData
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
