Subscribe
Sign in
Subscribe
Sign in
GlobalData
GlobalData

Foodservice

,

US consumers face higher prices, inconsistent dining out experiences amid blanket tariffs, says GlobalData

Following the news that the US National Restaurant Association has joined a host of industry bodies calling for tariff exemptions as costs will doubtlessly be passed on to consumers in the wake of possible Trump administration’s blanket tariffs on all countries; Hannah Cleland, Senior Consumer Analyst at GlobalData, offers her view: “Foodservice operators are facing […]
Read more

APAC foodservice sector progressing in sustainability through local sourcing and waste reduction, says GlobalData

With a burgeoning population and an ever-increasing demand for food, the Asia-Pacific (APAC) region faces a critical challenge in the foodservice sector – how to meet the needs of a growing population while safeguarding the environment for future generations. As a result, sustainability has emerged as a central theme in the region’s foodservice sector, as […]
Read more

GlobalData forecasts Philippines foodservice profit sector to grow at 13.7% CAGR through 2027

The Philippines’ foodservice profit sector is set to grow at a compound annual growth rate (CAGR) of 13.7% from PHP568.8 billion ($10.4 billion) in 2022 to PHP1,080.8 billion ($18.7 billion) in 2027, predicts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines – The Future of Foodservice to 2027’,” reveals that the quick-service restaurant […]
Read more
,

Japan’s kaintenzushi restaurant chains eye overseas expansion to offset falling demand in home market, says GlobalData

Japanese kaintenzushi restaurant chains are focusing on geographical diversification to sustain growth and improve profitability. With demand falling in the domestic market due to rising prices and other adverse economic conditions, leading sushi chains aim to capitalize on the popularity of sushi in overseas markets, says GlobalData, a leading data and analytics company. Suneera Joseph, […]
Read more

Cost, Taste and Ethical Eating: Restaurants must balance all three to achieve post-Veganuary success, says GlobalData

Meeting consumer expectations for ethical, ‘green’ offerings while maintaining reasonable costs will be a notable challenge for restaurants in launching vegan menus this year, opines GlobalData. Veganuary has always proved a valuable period for brands to showcase new meat alternative innovations, but this year, it’s the ‘green’ credentials associated with vegan offerings that will reel […]
Read more

Chipotle’s investments in robotics and Metaverse promises robust future outlook, says GlobalData

Following Chipotle’s overweight stock rating by Wells Fargo; Ramsey Baghdadi, Foodservice Analyst at GlobalData, a leading data and analytics company, offers his view: “Chipotle has proactively engaged with and invested in key forward-thinking themes in the foodservice industry such as Robotics (e.g. piloting the AI kitchen assistant Chippy) and the Metaverse (e.g. launching the Burrito […]
Read more

Micro-targeting demographics will disrupt the foodservice industry in the coming years, says GlobalData

Plagued by consecutive challenges over the last few years, from COVID-19 to rising inflation, understanding and micro-targeting key demographics is fast becoming a significant investment area for foodservice providers, especially regarding younger generations, writes GlobalData. As the leading data and analytics company notes, the influx of era-defining global developments has dramatically shifted consumer behavior; consumers […]
Read more

Deliveroo’s Australian exit calls for modernization in the food delivery sector, says GlobalData

Following the news that UK-based delivery aggregator Deliveroo is withdrawing from Australia after just seven years due to touch economic conditions; Hannah Cleland, Foodservice Analyst at GlobalData, offers her view: “Deliveroo’s decision to leave Australia is a dramatic move, but is based on an all-too-familiar story for delivery aggregators. Since the pandemic, the sector has […]
Read more

Alcoholic drinks promotions at restaurants and pubs may not be the way to increase profits amid cost-of-living crisis, says GlobalData

In recent weeks, restaurant chains and pubs have separately come under fire for ‘bottomless’ alcoholic drinks promotions, showing it is time hospitality brands look elsewhere for promotional offers, says GlobalData. According to the leading data and analytics company, rising costs, strict regulations, and growing health trends are all making the marketing of alcoholic drinks less viable […]
Read more
,

UK Retail-Restaurant partnerships set to increase as foodservice sector looks for new ways to survive energy bills crisis, says GlobalData

Retail-restaurant partnerships that see restaurants situated in retail or grocery stores are not a new thing but could increase in popularity as the foodservice sector looks for new ways to survive the UK energy bills crisis, according to GlobalData, a leading data and analytics company. In a sign of things to come, the Boparan Restaurant […]
Read more

UK foodservice profit sector sales will surge by 14.9% CAGR through 2026, driven by easing COVID-19 restrictions, says GlobalData

The UK Government’s strong macroeconomic policies and grants to help businesses, which were severely impacted by COVID-19, will help the country’s foodservice profit sector to grow at a compound annual growth rate (CAGR) of 14.9% from GBP50.5 billion ($69.6 billion) in 2021 to GBP100.9 billion ($152.6 billion) in 2026, predicts GlobalData, a leading data and […]
Read more

Sarson’s fish and chips campaign will appeal to 66% of UK consumers as ethics is still a key purchase driver despite inflationary pressure, says GlobalData

Household vinegar brand Sarson’s #SarsonsFryday initiative, which gives consumers supporting their local chippies the chance to win free fish and chips, is a reminder to the industry that collaborations are a vital survival strategy in the face of a looming recession, says GlobalData, a leading data and analytics company. Hannah Cleland, Foodservice Analyst at GlobalData, […]
Read more