- According to a recent research report by Market Research Future, the frozen food market is expected to be worth $338.5 billion by the end of 2030. Additionally, the market is expected to grow over 5.93% CAGR during the timeframe. A major reason for this increase is due to the uptick of people working worldwide with busy schedules. The busier one is, the more of a demand for ready-to-eats food to fit their lifestyle.
Source: GlobeNewswire. Read the full press release here.
- Since the COVID-19 pandemic, drive-thru’s have become more popular which in return means longer wait times. According to a recent survey by Presto Pulse, 70% of respondents would like to see technologies like A.I. voice assistants, personalized menus, and smartphone apps implemented in drive-thru service. Furthermore, over 70% of respondents stated that they would be open to using one or more of these technologies in the drive-thru if it would result in shorter wait times and more efficient and accurate service.
Source: QSR Magazine. Read the full survey here.
- According to Laurie Demeritt, CEO of market research firm with the Hartman Group, consumers are paying attention now more than ever to restaurants and retailers and their initiatives. Whether this is becoming more sustainable or collaborating with third-partner partners, the messaging restaurants and retailers convey is crucial. Demeritt stated that the pandemic shined a brighter light on the food supply system – including producers, distributors, and who is making the food leaving room for your customers to ask questions. Doing your due diligence and knowing what’s in the products you serve and where your food comes from is a good place to start in answering questions your customers may have.
Source: QSR Magazine. Read the full report here.