NPD Predicts Future Growth in Foodservice

0

TORONTO — It’s been a challenging couple of years for the foodservice industry, but there is good news on the horizon.

According to a new report published by the NPD Group called “A Look into the Future of Foodservice,” the industry is poised for solid growth over the next five years.

Speaking to a crowd of suppliers and media, at the Sheraton Airport in Toronto, yesterday, Dec. 7, Robert Carter, executive director of the NPD Group, presented the findings of this new research report.

According to Carter, in 2007 there were 6.4-billion consumer visits in the foodservice industry, growing only slightly to 6.5-billion visits in 2011. But, the good news is, by 2016, NPD forecasts the industry will post 7.1-billion visits. QSR will be the fastest-growing segment, with projected increases of 17 per cent, representing an incremental gain of 178-million visits. Family midscale is expected to increase by eight per cent for a gain of 56-million visits. Surprisingly, perhaps, the retail sector (convenience stores, HMR) is forecast to grow by nine per cent, with an incremental gain of 68-million visits.

In terms of menu items, alcohol beverages are expected to grow by nine per cent and hot tea is expected to show growth of 15 per cent, a gain of 57-million servings. Healthy entrées are expected to show an increase of 11 per cent for a gain of 71-million servings. On the flip side, the QSR pizza segment is expected to show a decline of four per cent. Desserts, carbonated soft drinks and french fries are all expected to show declines.

For more information on the report, visit npd.com

This site uses Akismet to reduce spam. Learn how your comment data is processed.