Consumers Are Looking For Healthier, Convenient Options. Here’s How Food Retailers Are Catering To Shoppers’ Evolving Tastes.
According to a recent study by The Food Industry Association, “food retailers are focusing on investments in new technologies (73%) like foodservice ordering and delivery, dynamic pricing, and mobile checkout systems.
According to recent research by Future Market Insights, the global takeaway container market is expected to reach $35.6 billion by the end of 2032, and expand at a CAGR of 5.3% from 2022-2023.
With inflation increasing food and labor costs, many quick-service restaurants have been forced to raise their menu prices this year.
The USDA Has Awarded an Additional $21.9 Million of Funding to Further Strengthen Meat and Poultry Supply Chains
As of today, the USDA announced that the Agricultural Marketing Service will be providing an additional $21.9 million of funding. This funding will be awarded to 111 grant projects through the Meat and Poultry inspection Readiness Grant Program and will help to strengthen and develop new market opportunities for meat and poultry processors in the United States.
According to recent research by Fortune Business Insights, the global food service market is expected to reach 5,194.60 billion by 2029 at a CAGR of 10.76%.
Panera is testing AI voice ordering at two of their Rochester, New York locations.
The Chinese province of Sichuan is currently experiencing a major heat wave and drought. Sichuan is a large hub of international manufacturing, so this is especially bad news for the global supply chain.
When BurgerFi added self-service kiosks as a test, their average check size increased by 18.5%. Since this was a smashing success, they have incorporated kiosks throughout their chains
McDonald’s is piloting a new menu item – Chicken Big Mac! This menu item has seen great success in the U.K. during their launch this year and nearly sold out in 10 days.
According to recent research by The NPD Group, lower-income households, which are classified as under $75,000, are eating 89% of meals and snacks at home.