CGA by NIQ’s Post

The Food & Beverage market is adapting and evolving. Check out Savills latest research on consumer trends: https://lnkd.in/epShmh6G Consumers continue to spend on dining out and at-home delivery. Quick Service Restaurants like Wingstop and Greggs are thriving, while middle-market brands face varied outcomes. The coffee and brunch sector is growing, led by brands like Greggs, Starbucks, and Costa. Independent local chains focusing on authenticity are doing well, and experiential dining venues like Gaucho and Hawksmoor are seeing great success. The industry’s resilience and adaptability are commendable. #FoodAndBeverage #MarketTrends #ConsumerBehavior #FandBIndustry

The restaurant industry is hot with 1,832 new U.S. planned restaurant openings announced in the first quarter of 2024 alone. On top of this, celebrities like LeBron James, Justin Timberlake, Lisa Vanderpump and much more are leveraging their fame to make waves in the competitive restaurant industry.     Check out JLL’s report to discover how star power is transforming the food and beverage landscape in North America: https://bit.ly/3X19e3i   

🚀 Unlocking the Potential of Austria's HoReCa Market with CGA’s Global Outlet Index! Dive into the rich landscape of Austria’s HoReCa sector, now mapped like never before. With over 37,000 diverse outlets, ranging from casual dining restaurants to cozy café bars, the opportunities for growth and strategic innovation are immense. The comprehensive analysis of specific Food & Beverage channels and state-focused data allows businesses to identify high-value areas, offering in-depth consumer behavior insights. Learn how to tailor your strategies and drive success in Austria’s vibrant HoReCa market. Read the full article here: https://lnkd.in/gbnCSjyS

The Food & Beverage market is adapting and evolving: https://lnkd.in/eThpvAnz Consumers continue to spend on dining out and at-home delivery. Quick Service Restaurants like Wingstop and Greggs are thriving, while middle-market brands face varied outcomes. The coffee and brunch sector is growing, led by brands like Greggs, Starbucks, and Costa. Independent local chains focusing on authenticity are doing well, and experiential dining venues like Gaucho and Hawksmoor are seeing great success. The industry’s resilience and adaptability are commendable. 👉 How are these trends influencing your business strategy? #FoodAndBeverage #MarketTrends #ConsumerBehavior #FandBIndustry

New research by VisitScotland reveals growing visitor demand for Scotland’s food and drink experiences. Findings showed that 46% visitors took part in at least one food and drink activity (in addition to eating out) during their trip last year, with 19% of long-haul visitors naming food and drink as the reason for choosing Scotland to visit. Visiting a whisky, gin distillery or brewery (26%) was the most popular type of food and drink activity followed by farm shop or farmers market (22%), fine dining (14%) or other experience such as a cookery class or afternoon tea (9%). Experiencing locally produced food and drink was important to all visitors, especially those from the USA (51%) who make up Scotland’s largest international visitor market. Read more 👇 https://lnkd.in/eKuUUuiE #ForeverEdinburgh #MarketInsights

🚨FOOD INDUSTRY NEWS🚨 Several major quick-service restaurant chains studied by Placer.ai have seen speed of service improve over recent years. The share of Taco Bell visits lasting 10 minutes or less rose from 58.4% to 62.9% from 2019 to 2023. Wendy's saw visits under 10 minutes rise from 56.4% to 60.5%. Even as Chic-fil-A average unit volumes surged to an astronomical $9.3 million at its standalone restaurants, the portion of visits meeting that 10-minute deadline swelled from 48.5% pre-pandemic to 51.9% last year. 🌬 #qsr #fastfood #hospitality #foodindustry #newsletter

The Food & Beverage market is adapting and evolving: https://lnkd.in/erXhcQ2U Consumers continue to spend on dining out and at-home delivery. Quick Service Restaurants like Wingstop and Greggs are thriving, while middle-market brands face varied outcomes. The coffee and brunch sector is growing, led by brands like Greggs, Starbucks, and Costa. Independent local chains focusing on authenticity are doing well, and experiential dining venues like Gaucho and Hawksmoor are seeing great success. The industry’s resilience and adaptability are commendable. 👉 How are these trends influencing your business strategy? #FoodAndBeverage #MarketTrends #ConsumerBehavior #FandBIndustry

The Food & Beverage market is adapting and evolving: https://lnkd.in/ezZpnQ6J Consumers continue to spend on dining out and at-home delivery. Quick Service Restaurants like Wingstop and Greggs are thriving, while middle-market brands face varied outcomes. The coffee and brunch sector is growing, led by brands like Greggs, Starbucks, and Costa. Independent local chains focusing on authenticity are doing well, and experiential dining venues like Gaucho and Hawksmoor are seeing great success. The industry’s resilience and adaptability are commendable. 👉 How are these trends influencing your business strategy? #FoodAndBeverage #MarketTrends #ConsumerBehavior #FandBIndustry

🚨 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗕𝗿𝗮𝗻𝗱𝘀 𝗶𝗻 𝗦𝗼𝘂𝘁𝗵𝗲𝗮𝘀𝘁 𝗔𝘀𝗶𝗮: 𝗬𝗼𝘂𝗿 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗔𝘄𝗮𝗶𝘁𝘀! 🚨 Southeast Asia’s bar and restaurant visits are 14% higher than the APAC average. With nearly 40% of consumers visiting for special occasions and a rise in both premium spirits and alcohol-free options, are you ready to stand out? 💡 Don’t let your beverage strategy miss the mark! Discover the insights you need to grow in Southeast Asia’s booming drinking scene 👉 https://lnkd.in/e8b6wh8h #CatgoryManagement #ConsumerInsights #MarketResearch

How Restaurants Can Win (and Keep) Customers with the New Cocktail Culture The pandemic is long gone and the on-premise industry is back, with consumer expectations higher than ever. They crave a memorable experience, and that includes exceptional cocktails. The 2023 Cheers On-Premise BARometer handbook explores the data behind these trends, and how restaurants can better cater to this discerning clientele. Check out the article below for tips and insights from industry experts! #beverageindustry #restauranttips #marketingstrategies #success #growthmindset