Lumina Intelligence latest Eating Out report has been released - I know a lot of our clients look forward to this report in particular to help with next year planning from a sales, brand and category perspective so do get in touch if you are yet to receive your copy! Some of the key headlines from our market sizing and competitive landscape sections: 📈 the UK eating out report is expected to grow 2.8% in 2024F outpacing its pre-pandemic value by 8.2%. 👎🏻 Service-led restaurants however face a challenging outlook as the only channel to remain behind its 2019 market value. 👍🏻 Sandwich & bakery and coffee shops are expected to have achieved value growth of 32% and 24% from 2019-2024F Another fantastic report from Katie Gallagher Megan Thresher Maggie Davis 👏🏻 #eatingoutinsights #eatingoutmarketsizing #hospitalityforecasts
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Frozen pasta 🍝 is heating up the Food & Beverages industry! Last year, the market size reached a whopping $3.5 billion and it's projected to grow at a steady pace. 🌟 From my experience working in the F&B sector, I've seen firsthand how consumer demand for convenient yet quality meal options is driving this growth. Whether it’s a quick lunch or a gourmet dinner at home, frozen pasta is meeting the needs of busy lifestyles without compromising on taste. 🍽️ https://lnkd.in/dYUJ6XYc Exciting times ahead for food innovators and entrepreneurs! What trends are you seeing in the frozen foods market? Share your thoughts below! 👇 Conagra Brands, Dr. Oetker, Amy's Kitchen, Bernatello's Foods's, Südzucker Group, Birds Eye UK & IE, General Mills, Nestlé Nespresso SA #FoodAndBeverage #FrozenPasta #MarketGrowth #ConvenienceFoods #IndustryInsights #FoodTrends
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The #Dessert category, now more informally referred to as the #SweetTreat category, is seeing a major comeback thanks brands like Crumbl, Insomnia, Nothing Bundt Cakes, and the hundreds of manufacturers introducing new flavors and ingredients to a once stagnant space. This fall we will be releasing one of our coveted consumer trend reports on the category to help operators, distributors, and manufacturers better understand this industry swing from the mind of the most important person in foodservice - the #consumer. Feel free to reach out with any questions or to connect further on how this report could help turn your dessert offerings from dud to delicious! #Technomic #CTR #Consumer #INFORMA #ConsumerTrendReport
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They Come For the Food, They Stay For the Pizza Pie The convenience store industry is changing along with its customers. And their choices. For quite some time now, the leading c-store chains keep building bigger stores, where they sell more hot food. Because, people like to eat. Not that eating is a new phenomenon previously unnoticed in human culture. But what drives this shift to more food than ever, is a shift from traditionally understood c-store model, with cold drinks and dry snacks, plus coffee and cigarettes, to the new model that directly competes with the QSR industry. What are the popular food offerings in the fast-food restaurants? Burgers, fried chicken, hot dogs and pizza. What are the popular food offerings in the refreshed and updated convenience stores? See above. Add to it the aggressive pricing that often undercuts the QSRs, and we have a serious contender for the title of America’s stomach pleaser. To continue reading this post, click here: https://lnkd.in/eKk_rT3X
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📈 Trend Alert! 📈 As your trusted market research platform, we're here to keep you ahead of the curve. Today, we're talking about Bento Cake - an emerging trend that's sweetening the food & beverage industry. 🍰 Bento Cakes are miniature delights, typically 4 inches in diameter, conveniently placed in takeout boxes. Their compact size and portability are making them a hit amongst consumers who crave for a quick treat on-the-go. According to our data, there's been a 29% increase in Google search volume for Bento Cakes over the past year, indicating a growing interest and demand. This trend is not just a flash in the pan, it's a significant shift in consumer preference that food & beverage manufacturers need to take note of. Third-party data also supports this story. Key categories of interest include food, food-beverage, retail, and industry. This trend is not just reshaping the bakery segment but also influencing retail and industry practices. Stay ahead with Suzy - your data-driven, informed, and confident market research partner. Let's leverage these insights to create products that meet the evolving consumer needs. #BentoCake #FoodTrends #MarketResearch
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#Pizza continues to see rising demand in the U.S., driven by its affordability, customization options, and universal appeal. Consumers enjoy various styles, from #traditional toppings to healthier choices, making pizza a versatile meal. According to Technomic, the pizza market experienced a 5.5% compound annual growth rate (CAGR) from 2021 to 2023, with continued #growth expected. Companies like Rich Products are expanding their pizza offerings, while chains like Papa John’s focus on core pizza sales amidst changing consumer spending habits. Analysts emphasize the need for innovative crusts and toppings to maintain #consumer interest and meet diverse needs.
Prepared foods: Pizza demand continues to rise
supermarketperimeter.com
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Last week, we were featured in The Grocer’s Guide to Frozen where category insight director Iain Lowrie shared comments on the performance of frozen fish and Young’s Seafood in retail over the past year. Here’s a sneak peek at some of his insights… 🐟Shoppers continue to seek out traditional flavours and formats which has driven 37% volume growth and 500,000+ new shoppers to our Chip Shop brand. 🐟There’s more competition for freezer space, which has led to retailers cutting down on duplicate products – this means brands need to be more innovative to unlock and retain space in the freezer aisle. 🐟Young’s has outperformed the wider frozen seafood category – key to our success is offering affordable options, that offer great tasting, good value alternatives to eating out. 🐟With global cuisine now accounting for 30% of all lunch and evening meal occasions, Taste of Asia has delivered nearly £2m in sales and attracted an additional 90k shoppers to frozen coated fish. Read the full piece here⬇️ https://lnkd.in/eEMGTgR5 #Frozen #FrozenFish #Seafood
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𝐑𝐞𝐚𝐝𝐲 𝐓𝐨 𝐃𝐫𝐢𝐧𝐤 𝐒𝐨𝐮𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟒. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞 𝐚𝐧𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/d9S2u7JY This report provides a thorough and comprehensive analysis of the Ready To Drink Soups market, featuring both quantitative and qualitative insights by manufacturers, regions, types, and applications. It examines the evolving market landscape, including competition, supply and demand trends, and key factors influencing market shifts. The report also includes company profiles and product examples of selected competitors, along with market share estimates for leading companies projected for the year 2034. *𝗕𝘆 𝗧𝘆𝗽𝗲: Concentrate, Not Concentrated *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Supermarket, Restaurant, Convenience Store, Others *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Conagra Foodservice, Greencore, Hain Celestial UK, Amy's Kitchen, Baxters Food Grou, Kettle Cuisine, New Covent Garden Soup Co, Pacific Foods #ReadyToDrinkSoups #RTDSoups #ConvenienceSoups #InstantSoups #SoupMarket #ReadySoups #SoupTrends #OnTheGoMeals #SoupIndustry #QuickMeals #DrinkableSoups #SoupPackaging #HealthySoups #SoupVariety #SoupSolutions #MarketAnalysis #FoodTrends #InstantMeals #SoupsOnTheGo #SoupInnovation
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𝑨𝒕 𝒂 𝑪𝑨𝑮𝑹 𝒐𝒇 17.1% 𝑫𝒐𝒖𝒈𝒉 𝑷𝒓𝒐𝒅𝒖𝒄𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝒔𝒊𝒛𝒆 𝒘𝒂𝒔 𝒆𝒔𝒕𝒊𝒎𝒂𝒕𝒆𝒅 𝒂𝒕 $14.3 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 2020 -IndustryARC™ Dough Product #market demand for #fresh #food, the fresh sector accounts for the greatest revenue market share. #bread , #sweet rolls, dinner rolls, baguettes, #biscuits. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://lnkd.in/gEmRbSWS Furthermore, the easy availability of frozen #bakery goods has influenced the purchase patterns of clients who are concerned with nutritional items, giving frozen dough products a prominent place on the grocery list. Furthermore, customers in established and emerging nations throughout the world are shifting towards convenience meals as the #foodandbeverage sector grows and economic conditions improve. In emerging nations, rural–urban migration has risen, resulting in an increase in street selling, ready-to-eat, and convenience #food . 𝑴𝒂𝒋𝒐𝒓 𝑲𝒆𝒚 𝑷𝒍𝒂𝒚𝒆𝒓𝒔 : Griffith Foods | CSM Bakery Solutions | Parkhurst Dining | BRIDOR Domino’s Pizza UK & Ireland Ltd | New York Pizza | Mission Foods | Amy's Kitchen | Franz Family Bakery | Dr. Schär Hero Group | 𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 @ https://lnkd.in/gihbh6bC #bread #pizza #food #foodie #beverages
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𝐓𝐡𝐞 #𝐅𝐫𝐞𝐧𝐜𝐡 #𝐅𝐫𝐢𝐞𝐬 #𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟐𝟓.𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐭𝐨𝐭𝐚𝐥 𝐅𝐫𝐞𝐧𝐜𝐡 𝐅𝐫𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓.𝟑𝟑% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎, 𝐫𝐞𝐚𝐜𝐡𝐢𝐧𝐠 𝐧𝐞𝐚𝐫𝐥𝐲 𝐔𝐒𝐃 𝟑𝟕.𝟏𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧. 𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰: https://lnkd.in/e2T5eEZH The French Fries Market is witnessing significant #growth as consumer #demand for convenience foods continues to rise. French fries, a popular snack and side dish, are favored for their crispy texture and savory flavor. With the #increasing popularity of fast food and quick-service restaurants, the market is expected to expand further. #Innovations in preparation methods, such as air-frying and healthier alternatives, are also contributing to market dynamics, catering to health-conscious consumers. Moreover, the #growing trend of food delivery services is bolstering the demand for French fries as they remain a favorite among customers looking for #convenient meal options. As the #market evolves, brands are focusing on enhancing product quality and offering a variety of flavors and styles to attract a broader consumer base. 𝑪𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝑳𝒂𝒏𝒅𝒔𝒄𝒂𝒑𝒆: 1. McCain Foods. 2. J.R. Simplot Company 3. Lamb Weston 4. Farm Frites 5. Aviko #FrenchFries #MarketGrowth #ConvenienceFoods #SnackTrends #FastFood #QuickServiceRestaurants #HealthyAlternatives #AirFrying #FoodDelivery #ConsumerDemand #Innovations #FlavorVariety #ProductQuality #SavorySnack #CrispyTexture #MarketTrends
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At one time, pizzas from the supermarket were of a limited choice and brand, so we were interested to read about consumers developing a more discerning taste when it comes to their pizza choice. This lucrative gap in the market for fancier fare has seen new names come to the fore, for example, Crosta & Mollica's sourdough pizza sales have more than doubled in the past year. People are choosing to spend a little more on pizza at home, rather than opting for more expensive takeaways or eating out. At Strive, we are experts in customer behaviour, trends and insights. Our experts identify the richest insights and turn them into meaningful opportunities, providing clear direction and inspiring action. For more information get in touch by sending us a DM or emailing us office@striveinsight.com #MarketResearch #MRX #StriveTogether #CustomerInsights
'The ultimate fakeaway': posh pizzas take over UK supermarket shelves
theguardian.com
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