Top Trends in Foodservice - Affordability, Digitalization, Health and Wellness, ESG and Demographics

Abstract

This report outlines the key consumer and innovation trends which will impacting the foodservice industry. Trends explored in this research include affordability, digitalization, ESG, health and wellness, and demographics.

In the post-COVID world, the foodservice industry, along with consumers, is dealing with inflation and a rising cost of living crisis. With much more focus put on affordability, financial pressures, and ingredient shortages, foodservice operators need to navigate a tumultuous industry and, at the same time, find ways to capture price-sensitive consumers.

Scope

• Attitudes and behaviors adopted during the cost of living crisis will impact the future of foodservice
• ESG is heavily linked to consumers' concerns about the environment, and brands are changing the industry by launching innovative products
• Being digitally connected is ingrained in consumers' daily lives, which creates a desire for instant gratification and tendency to multitask
• Plant-based menu items continue to drive sales especially in the QSR channel

Reasons to Buy

• Identify how brands can innovate to engage consumers as well as showcasing best-in-class innovation examples throughout.
• Learn what consumer behavior is driving innovation using GlobalData's latest consumer research.
• Access valuable strategic take-outs to help direct future decision-making and inform new product development.