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GlobalData

Foodservice

Adoption of service robots and automation technologies in APAC foodservice accelerates due to COVID-19, says GlobalData

COVID-19 pandemic and its prolonged impact have led to the fast-tracking of robotics and automation technologies’ implementation in the Asia-Pacific (APAC) foodservice sector. These automated platforms can complement human efforts, and thereby elevate the labor productivity, service efficiency, profitability, and overall consumer experience. The APAC has become the global hub for such automated platforms due […]
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Plant-based meat makers tap Australian foodservice sector to target broader consumer base, says GlobalData

Besides being one of the fast-emerging vegan markets, Australia also has one of the world’s highest per-capita meat consumption rates, thereby making a compelling case for faux meat brands to venture into the market. Therefore, more meat-alternatives manufacturers are focusing on the food service sector to target a broader consumer base, ranging from hardcore vegans […]
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McDonald’s offers new sensory experience to consumers across North and East India with Minions, says GlobalData

Fast food giant McDonald’s has recently launched a unique collection of ‘Minions’ toys with 36 different designs across the North and East India restaurants to offer its clients a bit of sensory experience during the unsettling COVID-19 pandemic times, says GlobalData, a leading data and analytics company. With every purchase of a McDonald’s ‘Happy Meal’, […]
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Australian foodservice market to witness notable growth through 2025 with ‘home deliveries’ increasing further, says GlobalData

Australia’s foodservice profit sector is expected to register a noticeable growth, reaching A$88.7bn (US$65.7bn) in 2025 from A$57bn (US$39.6bn) in 2020 at a compound annual growth rate (CAGR) of 9.3%. The growth in home deliveries is likely to be instrumental in driving the foodservice growth, says GlobalData, a leading data and analytics company. Growing demand […]
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India’s foodservice profit market to witness strong growth rate through 2025 with ‘home deliveries’ playing a key role, says GlobalData

Indian foodservice profit sector is forecast to grow strongly at a compound annual growth rate (CAGR) of 15.5% from INR8,366.6bn (US$117.5bn) in 2020 to INR17,220.3bn (US$219.4bn) in 2025. Increasing affinity among the consumers for home deliveries will drive the growth of delivery service providers like Zomato, which will be instrumental in pushing up the overall […]
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Platinum-Marston’s venture to miss golden opportunity as UK pub and bar sector set to recover, says GlobalData

Following today’s news that US-based group, Platinum, pulled out of a deal with British suburban pub chain, Marston’s; Jim Toy, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Marston’s future revenue opportunities in the UKs pub, club and bar sector are promising when considering GlobalData’s sector forecast, which predicts a […]
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Reopening post COVID-19 could be worse than lockdown months for many UK restaurant operators

April will see the furlough scheme come to an end and allow customer-facing outlets such as cafés, restaurants, and pubs to reopen. While this may seem like a saving grace for the UK restaurant sector, which has plummeted from *1£32.2bn in 2019 to £21.8bn in 2020, Chancellor Rishi Sunak’s warning of a ‘double-dip’ recession indicates it will not be the economic relief many hope for and expect. […]
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Cineworld’s closure will have significant fallout for casual dining

Foodservice outlets that relied on the sales boost from cinema promotions let out a sigh of relief as lockdown measures loosened in the UK and cinemas re-opened. However, for major brands connected with Cineworld’s Unlimited card promotions, this was to be short-lived as the delay of big premieres such as No Time to Die caused the temporary closure of the entertainment venue. […]
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Fast food brands should emulate KFC’s plant-based innovation, says GlobalData

KFC permanently added the plant-based Lightlife plant-based chicken sandwich to its menu in Canadian outlets after an extremely positive pilot scheme. Tasty ‘meatlike’ vegetarian options such as this will appeal to the growing global population of flexitarians, vegans and vegetarians, as well as consumers who want more sustainable options from their favourite fast food restaurants, […]
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