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Analyst Opinions
Cost-of-Living Impact on Eating Out – Consumer Survey Insights
Throughout 2022 H2, consumers have continued the trend of eating out less. The ratio between diners who wish to continue/start/more frequently eat out and those who wish to cut back on eating out has been consistent between 2022 Q3 and Q4. This decline in footfall highlights the importance for brands to align closely with consumer demand to maintain repeat visits. The “Cost-of-Living Impact on Eating Out – Consumer Survey Insights “report is part of the GlobalData Case Study report series,...
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Analyst Opinions
Digital Lifestyles in the Foodservice Industry – Analyzing Consumer Insights, Trends, Sustainability and Case Studies
Digital Lifestyles in the Foodservice Industry Report Overview Digital lifestyles have become a part of consumers' daily routine, creating demand for digitized systems that can provide instant gratification and a propensity to multitask. Digital tools such as social media have proven to be a way for leaders in the industry to stand out. However, players should look further into digital connectivity trends such as robotics and AI. As consumers are increasingly spending time online, it is important for the foodservice...
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Analyst Opinions
Blurring Channel Boundaries in the Foodservice Industry – Analyzing Consumer Insights, Trends, Sustainability and Case Studies
Channel Boundaries in the Foodservice Market Report Overview Foodservice providers are exploring alternative channels to reach a wider audience, these include changing operations to suit shopping arcades and other urban settings. Brands are even exploring product diversification opportunities and reaching wider audiences with offerings such as groceries and apparel. Moreover, the COVID-19 pandemic has resulted in changes in consumer behavior who now prefer spending more time at home rather than eating out, giving rise to a demand for non-traditional foodservice...
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Analyst Opinions
What’s in MY Food? – How Technology is Changing the Food Journey from Farm to Fork!
Emerging technologies jump into action for the foodservice sector in a push towards greater efficiency and scale to meet future needs. The growing consumer interest to know what’s in my food is one of the key drivers of technology adoption. As the sector is plagued by the COVID-19 pandemic, the tech transformation has reached new heights.
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Analyst Opinions
Foodie Culture – Consumers’ Preoccupation with Food is being Shaped by Societal Shifts and Challenges – Foodservice Insights and Trends
The term “foodie” is one who is very interested in cooking and eating different kinds of food and one who effectively captures different kinds of food. However way foodies are defined, they represent a highly influential and passionate segment of consumers. Globally, there are just over half (54%) of the consumers agree that they are “foodies” which underscores consumers’ engagement with food and their passion for cooking. From a regional perspective, consumers in Asia-Pacific demonstrate a strong affiliation with the...
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Analyst Opinions
Restaurant Experiences Post-COVID-19 – Dining Out is likely to be Reviewed, Refreshed, or Completely Re-Imagined after the Pandemic – Foodservice Insights and Trends
Dining out is likely to be reviewed, refreshed, or completely re-imagined after the pandemic. The hospitality industry was among the hardest hit by the COVID-19 pandemic, as governments worldwide imposed business restrictions and stay-at-home orders to stop the spread of the virus. The trends and examples included in this report apply specifically to on-premise dining experiences, distinct from off-premise occasions such as takeout and delivery. The report includes surveys that answer the following questions:
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Analyst Opinions
Consumer Sentiments towards Sustainability and Ethics in Foodservice Industry – Insights and Trends
Sustainability & Ethics is one of the most important features that influence consumers' purchase decisions and cannot be ignored when building a solid corporate strategy in the foodservice industry Sustainability & Ethics is an important mega-trend consisting of trends from social responsibility to environmental responsibility. This report explores five trends to watch under the Sustainability & Ethics mega-trend by identifying consumer sentiments, demographic and geographic differences, and notable innovations to address challenges in the foodservice industry.
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Analyst Opinions
South Korea – The Future of Foodservice to 2021
"South Korea - The Future of Foodservice to 2021", published by GlobalData provides extensive insight and analysis of the South Korean Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers. Despite an economic dip, South Korea’s foodservice market experienced moderate value growth between 2014 and 2016 at a CAGR of 3.5%. Such growth has encouraged a number of international brands to enter the market, resulting in a high degree...
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Analyst Opinions
Finland – The Future of Foodservice to 2020
"Finland - The Future of Foodservice to 2020", published by GlobalData provides extensive insight and analysis of the Finnish Foodservice market over the next five years (2015-2020) and acts as a vital point of reference for operators or suppliers. Sustained weak economic growth has created an increasingly cost-conscious foodservice market in Finland, with 29% of consumers citing price to be the most important factor influencing decision making. Within the market, a low population density has led international operators to converge...
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Analyst Opinions
Peru – The Future of Foodservice to 2021
"Peru - The Future of Foodservice to 2021", published by GlobalData provides extensive insight and analysis of Peru’s Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers. The Peruvian profit sector foodservice market saw sales value rise at a CAGR of 3.8% from 2014-2016. This growth is forecast to accelerate to 2021, at a CAGR of 4.8%, reflecting the wider Peruvian economy’s steady growth. Approximately 80% of Peruvian are...
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