Maxton Steelworth’s Post

🌱 Engaging the Future of Food: Building a Gen Z Customer Base with G2 🌱 Gen Z isn’t just redefining what’s on the menu—they’re shaping the entire dining experience. At G2, we understand that capturing the loyalty of this emerging generation is key for sustainable growth in food service. From plant-based offerings and locally-sourced ingredients to comforting dishes with creative twists, "impact snacking," and global flavors, Gen Z’s preferences demand attention. These food trends aren’t just fleeting—they’re blueprints for engaging a dynamic, values-driven customer base. Restaurants and food service providers who embrace these trends not only cater to Gen Z’s culinary preferences but also establish a forward-thinking brand that resonates. G2 can help you build a dining strategy that aligns with these evolving tastes, positioning your business for a future where Gen Z feels seen, valued, and excited to return. Are you ready to evolve with Gen Z? Let’s talk about how G2 can help make it happen. 👥 #G2Hospitality #FoodTrends #GenZ #FutureofFood #Sustainability #CustomerExperience #PlantBased #GlobalFlavors #HospitalityConsulting

We are pleased to announce the release of the Restaurant Market Report 2024. The report provides business leaders with valuable insight into key market developments and the business challenges and issues currently facing the UK Restaurant Market. Learn more and access the report here: https://lnkd.in/e6_VjTya This report covers: - Market sizing – An overview of the UK restaurant market landscape in the UK. Including the size and breakdown of the market, market growth, and market drivers and inhibitors to 2024. - Competitive landscape – Detailed analysis of leading brands. How has turnover and outlets changed over the past few years, and what are the concepts to watch? - Consumer Insight – Our EDOP tool gives insight into the eating-out consumer, examining the impact of rising cost pressures on consumers and identifying new opportunities. - Product & price – Deep dive into the restaurant channel using the brand new Menu Tracker Tool, analysing the leading 20 restaurant operator food and drink menus. - Future outlook – Forecasts for market growth for 2024F-2027F, along with insights into future drivers and inhibitors. #restaurants #restaurantmarket #eatingout #eatingoutmarket #marketgrowth #marketinsights #marketstrategy #consumerbehaviour #consumerinsights #foodanddrink

The Lumina Intelligence Restaurant Market Report 2024 provides business leaders with valuable insight into key market developments and the business challenges and issues currently facing the UK Restaurant Market. This report covers: - Market sizing – An overview of the UK restaurant market landscape in the UK. Including the size and breakdown of the market, market growth, and market drivers and inhibitors to 2024. - Competitive landscape – Detailed analysis of leading brands. How has turnover and outlets changed over the past few years, and what are the concepts to watch? - Consumer Insight – Our EDOP tool gives insight into the eating-out consumer, examining the impact of rising cost pressures on consumers and identifying new opportunities. - Product & price – Deep dive into the restaurant channel using the brand new Menu Tracker Tool, analysing the leading 20 restaurant operator food and drink menus. - Future outlook – Forecasts for market growth for 2024F-2027F, along with insights into future drivers and inhibitors. Learn more and download the full sample here: https://lnkd.in/eEPtHPxZ #eatingout #foodanddrink #marketinsights #marketresearch #restaurantmarket #marketgrowth

𝗗𝗶𝗻𝗶𝗻𝗴 𝗼𝘂𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟬. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/ddetrPpq The Dining out Market is projected to experience substantial growth, reaching a value of USD 1,034.00 billion by 2028, with a compounded annual growth rate (CAGR) of 9.38% from 2023 onwards. This growth is primarily fueled by the increasing popularity of chef-driven dining-out restaurant franchises, reflecting evolving consumer preferences for unique culinary experiences, as well as the rising demand for gluten-free food, indicating a shift towards healthier dietary choices. Moreover, the market is propelled by ongoing innovations and customization in food menus, as restaurants aim to cater to diverse tastes and preferences, creating a dynamic culinary landscape focused on innovation and consumer-centric offerings. Urbanization, emerging markets, and the rise of online food delivery services are additional drivers contributing to the expansion of dining out options like restaurants, fast foods, and mobile food services, as consumers increasingly prioritize convenience and variety. However, amidst this growth, challenges such as intense competition, market fragmentation, and the need to adapt to digital marketing and social media trends persist. Successfully navigating these challenges requires strategic business approaches and a relentless focus on product satisfaction to maintain market share and overall revenue. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗗𝗶𝗻𝗶𝗻𝗴 𝗼𝘂𝘁 𝗠𝗮𝗿𝗸𝗲𝘁. 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/ddetrPpq *𝗕𝘆 𝗧𝘆𝗽𝗲: Restaurants, Drinking establishments *𝗕𝘆 𝗢𝘂𝘁𝗹𝗼𝗼𝗸: North American, Italian, Mexican, Others *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Chick-fil-A Restaurants, Chipotle Mexican Grill, Domino's Pizza, Godfather's Pizza, Inspire, ITC Limited, Jack in the Box, Jollibee Group of Companies, McDonald's, Noodles & Company, The Oberoi Group, Potbelly Sandwich Works, Restaurant Brands International, Shake Shack #FoodieFinds #DineOutDelights #EatOutEuphoria #RestaurantRendezvous #GourmetGrub #CulinaryAdventures #TasteTemptations #DiningDestinations #FoodieFaves #SavorTheFlavor

Staying informed and adaptable is key to thriving in the competitive restaurant industry - but why?  It’s no secret that food trends and consumer priorities, preferences and food choices are always fast evolving. As an operator, it is in your best interest to keep on top of these evolutions to stay ahead of the curve and win business. We understand that staying on top of everything can seem impossible at times, but don’t panic!  When preparing for seasonal menus, leveraging trends becomes paramount. Pay attention to broader culinary trends such as the rise of plant-based eating, sustainable sourcing, and global flavour influences. Integrate these trends into your menu offerings to cater to the evolving preferences of today’s diners. By aligning your seasonal menus with current food trends, you not only attract new customers seeking innovative dining experiences but also retain existing patrons who value staying ahead of the curve. Want help staying ahead of the food shaped curve? Head to the link now to stay up to date with the latest food trends: https://bit.ly/43HBoSg

🧃 Ready for a taste of 2024's juiciest F&B trends? Let’s dive in! 🧃 The world of F&B and CPG is on fire with innovation: 1️⃣ Dining Out, Reinvented: Kraft Heinz’s foodservice sales just soared 14%! More consumers are eating outside the box—beyond traditional restaurants. Is your brand ready to ride this wave of “wherever, whenever” dining? 2️⃣ Snack Attack: Nearly half the world (48%!) is snacking 2+ times a day. Health-conscious snacking is the new meal replacement. Are you tapping into this round-the-clock snack revolution? 3️⃣ Sober-Curious Vibes: The alcohol-free trend just got a celeb boost! With non-alcoholic drinks booming, the sober-curious movement is redefining happy hour - as we can see with the new Zero Alcohol Beer BERO, launched with the actor Tom Holland! 👋🏼 Diego Campos - made me think of the huge work you did on the Beer Market 4️⃣ Culinary Tourism Boom: Culinary tourism is set to hit $5.6 trillion by 2034, with a jaw-dropping 17.1% growth rate—and Asia is emerging as a top destination for food lovers. From Thailand’s street food to Japan’s Michelin-starred sushi, travelers are craving immersive food experiences that go beyond the plate. 👇 Join the conversation below! 👇 Which trend do you think will steal the show in 2024? #FoodTrends2024 #CPGInnovation #FoodieAdventures #SnackRevolution #FandBTrends

2025 Food Trends: What Investors Should Know 🍴🌟  The restaurant industry is evolving with trends that focus on value, sensory engagement, and authenticity—key factors for net lease investors to watch in 2025.  Top Insights:   1️⃣ Value Beyond Price: Consumers want more than low prices. Tenants that deliver quality, hospitality, and seamless experiences can justify higher costs and drive loyalty.  2️⃣ Sensory Experiences: From boba to aromatic innovations, sensory-driven dining attracts patrons. Restaurants embracing these trends are more likely to thrive.  3️⃣ Authenticity Matters: Sincere branding and genuine customer care foster trust and traffic, making these tenants ideal for net lease portfolios.  Takeaway: Tenants who innovate and connect with consumers will anchor strong investments in the year ahead.  📧 ilan.kahn@graystoneca.com   📞 202-649-0984  #NetLease #RestaurantTrends #CRE #FoodInnovation #RealEstateInvesting QSR https://lnkd.in/eemm7hjj

How to Create a Successful Food and Beverage Concept? ► Research Market Trends: Start by identifying 3-5 cuisines that are currently popular and in high demand in your market. Understanding these trends is crucial for aligning your concept with current consumer interests. ► In-Depth Study: Dedicate at least three months to a thorough study of these cuisines. Explore their flavors, cooking techniques, cultural significance, and popularity across various demographics to ensure your concept resonates with a broad audience. ► Assess Operational Efficiency: Evaluate how quickly and efficiently each cuisine can be prepared and served. Focus on options that provide fast service without sacrificing quality, as operational efficiency is key to customer satisfaction and profitability. ► Refine Your Focus: Narrow down your choices based on customer feedback, operational feasibility, and your own passion and expertise. Choose the cuisine that aligns best with your vision and market potential. ► Celebrate and Implement: Once you’ve identified the best concept, congratulate yourself and your team on reaching this milestone. Shift your focus to bringing your chosen cuisine to life, creating a unique dining experience, and building a successful F&B business. If you don't let that idea out, no one will know about it. That’s it! I have a major appreciation for the immense talent and hard work that it takes to operate an F&B business.

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗥𝗲𝘀𝘁𝗮𝘂𝗿𝗮𝗻𝘁'𝘀 𝗖𝗼𝘀𝘁 𝗼𝗳 𝗚𝗼𝗼𝗱𝘀 𝗦𝗼𝗹𝗱 (𝗖𝗢𝗚𝗦)? At 𝗗𝗲𝗩𝗶𝘁𝗮 & 𝗛𝗮𝗻𝗰𝗼𝗰𝗸 𝗛𝗼𝘀𝗽𝗶𝘁𝗮𝗹𝗶𝘁𝘆, we understand that controlling costs is essential to your restaurant’s success, and 𝗖𝗼𝘀𝘁 𝗼𝗳 𝗚𝗼𝗼𝗱𝘀 𝗦𝗼𝗹𝗱 (𝗖𝗢𝗚𝗦) is one of the most critical metrics to track. For restaurants, COGS represents the direct costs involved in producing the food and beverages served to your guests during a specific period, whether that’s daily, weekly, or monthly. This includes everything from the raw ingredients in your dishes to the beverages you pour. 𝗖𝗢𝗚𝗦 directly impacts your gross profit margin. If your 𝗖𝗢𝗚𝗦 is too high, it could mean you're overspending on ingredients or not pricing your menu effectively. If it's too low, you may be cutting corners that could affect the quality of your offerings. By tracking and managing your 𝗖𝗢𝗚𝗦, you can strike the right balance between quality and profitability, ensuring your restaurant thrives. 𝗛𝗼𝘄 𝘁𝗼 𝗖𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗲 𝗖𝗢𝗚𝗦: 𝙏𝙝𝙚 𝙛𝙤𝙧𝙢𝙪𝙡𝙖 𝙛𝙤𝙧 𝙘𝙖𝙡𝙘𝙪𝙡𝙖𝙩𝙞𝙣𝙜 𝘾𝙊𝙂𝙎 𝙞𝙨 𝙨𝙩𝙧𝙖𝙞𝙜𝙝𝙩𝙛𝙤𝙧𝙬𝙖𝙧𝙙 𝙗𝙪𝙩 𝙞𝙣𝙫𝙖𝙡𝙪𝙖𝙗𝙡𝙚 𝙛𝙤𝙧 𝙤𝙥𝙩𝙞𝙢𝙞𝙯𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙨: Beginning Inventory + Purchased Inventory - Ending Inventory = COGS Beginning Inventory: The value of your unsold inventory at the start of the period. Purchased Inventory: All food, beverage, and supplies purchased during the period. Ending Inventory: The value of the unsold inventory at the end of the period. By following this formula, you can accurately determine your 𝗖𝗢𝗚𝗦, giving you valuable insight into how well you're managing food costs and inventory. At 𝗗𝗲𝗩𝗶𝘁𝗮 & 𝗛𝗮𝗻𝗰𝗼𝗰𝗸 𝗛𝗼𝘀𝗽𝗶𝘁𝗮𝗹𝗶𝘁𝘆, we help you not only calculate but optimize your 𝗖𝗢𝗚𝗦, ensuring that you maintain both high quality and profitability across your menu. #RestaurantProfitability #COGSManagement #HospitalityConsulting #CostControl #MenuPricing #RestaurantSuccess #InventoryManagement #DeVitaAndHancock #HospitalitySolutions #FoodCostOptimization