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Cargill Study Shows Consumer Support of Farmers Grows As a Result of COVID-19 Challenges

A recent Cargill study found a majority of consumers stand ready to rally around farmers in support of their efforts to put food on tables around the globe. Consumer recognition for the challenges and expectations farmers face grew amid the COVID-19 pandemic, as processing and transportation bottlenecks, especially in the protein industry, stretched the global food supply. In the latest Feed4Thought survey, Cargill found nearly one-third of consumers in the U.S., Brazil, Vietnam and Norway have a renewed appreciation for animal agriculture.

“Farmers and ranchers have faced tremendous pressures caused by COVID-19 supply chain disruptions. And those pressures came on top of the multitude of challenges farmers already faced as they worked to feed the world in...

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Oct 15 8:25 AM, General News



COVID-19 has Flipped the Value Proposition of Omnichannel Shopping for Constrained Consumers 

With few alternatives available during the widespread lockdowns earlier this year, e-commerce quickly became a go-to means-to-an-end for shop-needy consumers around the globe. Six months later, that early reliance on e-commerce has expanded into a fundamental dependence on still-evolving omnichannel shopping experiences.

The premise of omnichannel shopping certainly wasn’t borne out of the COVID-19 pandemic, but the global health crisis has dramatically elevated consumers’ use of both on- and offline channels in tandem, whether for click-and-collect, contactless delivery or an array of other fulfillment options. And across consumer groups, online channels have become the most critical shopping resources for...

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Oct 14 8:25 AM, General News


Demand for Grass-Fed Beef Products to Boost Market Growth 

The grass beef market size is poised to grow by $14.50 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio.

Report Highlights

The major grass beef market growth came from the fresh grass-fed beef products segment. The awareness of the health benefits of grass-fed beef such as higher content of omega-3 fatty acids linoleic acid and antioxidant vitamins like vitamin E fuel its demand in the US, Australia, and other markets. This consequently adds to the revenue, thus boosting...

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Oct 13 8:19 AM, General News


Burger King CMO, Fernando Machado, Talks Plant-Based Burgers at the 2020 Urner Barry ECGPS

During our second day of packed content and industry leading insights at Urner Barry’s Executive Conference and Global Protein Summit, participants were fortunate to hear from Chief Marketing Officer, Fernando Machado of Restaurant Brands International, which operates popular quick service restaurant (QSR) brands like Burger King, Tim Hortons, and Popeyes. Leading with a presentation on how QSRs have navigated the global COVID-19 pandemic, Machado was asked to comment on how consumer demand behavior has shifted between the Impossible Whopper, traditional beef Whopper, and chicken sandwiches.

Reinforcing Burger King’s commitment to monitoring how consumers preferences evolve and shift, Machado affirmed, “Our demand for beef burgers is there and continues to grow. The traditional Whopper is still, by far...

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Oct 9 8:39 AM, Urner Barry


More Than 60% of Americans Have Dined In a Restaurant in the Past Month, Despite COVID-19 Concerns

A survey of 501 people in the U.S. found that 63% of Americans ate at a restaurant at least once in July, with 22% dining in a restaurant five or more times. At the same time, 58% of Americans said they would feel uncomfortable or very uncomfortable eating in a restaurant because of the coronavirus. The study was conducted by B2B research firm The Manifest.

The contradiction between people's discomfort about in-restaurant dining and their actions is likely a result of access to outside dining options during the summer months.

With as many as 75% of restaurants at risk of going out of business, local restaurants and small business restaurant owners must prepare for...

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Oct 8 8:22 AM, General News


Research and Markets: Consumer Spending in QSRs and Growing Online Food Delivery

According to Research and Markets, the U.S. foodservice market is projected to witness a CAGR of 3.7% during the forecast period, 2020-2025.

Increased digitalization of food service is among the primary factors driving the market, as consumers find it comfortable to book prior and make payments online.

Fast food restaurants focusing on organic produce and healthy food are expected to be the focus of the market in the future. In the United States, the demand for organic food is rapidly rising. However, factors, like...

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Oct 6 8:22 AM, General News


A Deep Dive into Pea Proteins

 

Finish your peas! A common childhood recollection for many adults who dreaded the round, green veggies untouched on the edge of their dinner plate. Those small, high-in-protein morsels have appeared to...

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Oct 5 10:44 AM, Urner Barry


A Snapshot of Plant-Based Protein Growth Amid the Pandemic 

 

Alternative protein markets, and those specifically utilized in the production of plant-based meat analogues, continue to boon as a result of COVID-19 economic implications. Primarily used to produce beef-like substitutes, products from companies like...

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Oct 1 8:21 AM, Urner Barry


U.S. Shoppers Shift Shopping Strategies to Brace for Recessionary Effects

A much more discerning grocery shopper is emerging in the wake of initial widespread panic-buying sparked by COVID-19 this past spring that led consumers to disregard prices and stock up on products and ingredients required to prepare the entirety of their family meals at home. Retailers and their trading partners responded as rapidly as possible to the sudden spikes in demand by pulling back on promotional efforts and focusing on their supply chains to keep up, which led to higher prices on 64% of more than 500 grocery store categories.

The short-term result? FMCG sales shot up $77.9 billion across all U.S. channels for the 52 weeks ended Sept. 12, 2020, translating to year-over-year growth of 9.3%. While this lift was astounding for the retail industry, it’s time for stakeholders to...

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Sep 30 8:21 AM, General News


The Consumer Confidence Index Increased in September 

The Conference Board Consumer Confidence Index increased in September, after declining in August. The Index now stands at 101.8 (1985=100), up from 86.3 in August. The Present Situation Index – based on consumers' assessment of current business and labor market conditions – increased from 85.8 to 98.5. The Expectations Index – based on consumers' short-term outlook for income, business, and labor market conditions – increased from 86.6 in August to 104.0 this month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was...

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Sep 30 8:21 AM, General News


The Hartman Group's Shelley Balanko on Consumer Buying Trends in a Pandemic

During extraordinary times, insights into consumer behaviors become more vital than ever to businesses. The Hartman Group, a food culture consultancy, provides such trends, insights, and strategic counsels to professionals in the food and beverage industry. The company conducts its own primary research with expertise in areas including sustainability and the health and wellness consumer.

In 2012, the Hartman Group developed the Eating Occasions Compass, a database that documents the who, what, when, where, and why of eating occasions in the United States...

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Sep 29 9:36 AM, Urner Barry


U.S. Restaurant Dollar and Traffic Declines Ease in August as Consumers Gain Comfort in Dining Out

While August restaurant trends reflect an environment in which slightly less than 25% of restaurant units were under restrictions for on-premises dining during the course of the month, similar to June and July, the rate of traffic and dollar declines for the month eased slightly to  -10% and  -9%, respectively, compared to same period year ago, reports The NPD Group.

“As the summer progressed and mandated restrictions were lifted, an increasing number of consumers became more comfortable dining out based on the safety protocols restaurants put in place,” says David Portalatin, NPD food industry advisor and author of Eating Patterns in America...

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Sep 25 7:36 PM, General News


Agricultural Consultant Michelle Klieger Breaks Down the Needs and Wants of Today's Consumer

For decades, agriculture’s mantra has been to provide safe and affordable food. This dual-mandate resulted in a highly concentrated and specialized agricultural system that constantly improves efficiency and increases output throughout the supply chain. With this yardstick, agriculture has achieved its goal. In developed countries, food is widely available and takes up a smaller percentage of the average household budget than ever before. Yet, it’s too soon for agriculture to declare victory.

To maximize the food production system, resiliency and optimization were sacrificed...

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Sep 24 9:41 AM, Urner Barry


Tofu Sales Skyrocket During the Pandemic, as Consumers Search for Affordable Meat Alternatives

American grocery store shoppers became accustomed to limits on certain household staples during the first half of 2020. The quest for toilet paper, ground beef and hand sanitizer sparked panic buying and supermarket aisle scuffles, while overzealous bread bakers desperately searched for flour and a drop in carbon dioxide supply threatened the soda industry.

But the biggest surprise of this year's COVID-19 public health crisis may be a sudden outpouring of love for tofu.

Since U.S. coronavirus shutdowns began in mid-March, tofu shortages have been reported from Seattle...

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Sep 22 8:30 AM, General News


Study Sheds Light on U.S. Consumer Preferences on Conventional and Alternative Protein Products 

In the past six months, players within the plant-based protein industry have been dazzled by the performance of their alternative burgers, patties, nuggets, and sausages. As reported by the Good Food Institute (GFI) overall plant-based product sales increased to a peak of... 

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Sep 16 9:40 AM, Urner Barry


US Foods Fall Scoop Helps Restaurant Operators Stay On Point With Evolving Off-Premise Trends

US Foods Holding Corp. announced the launch of Fall Scoop 2020, titled “On Point With Off-Premise – Designed To Make It.” This special edition of Scoop features 14 products designed to address trends within off-premise dining such as labor-saving products perfect for DIY meal kits and products that will help ease diner safety and hygiene worries, including tamper-evident packaging and sanitation items.

“The restaurant environment has changed immensely with the surge in off-premise dining, and the ability for restaurant operators to adapt with creativity, labor savings and safety in mind is...

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Sep 15 8:22 AM, General News


National Pork Board Launches Pork as a Passport Campaign 

To celebrate pork’s position as a global, culturally relevant protein and offer weary home cooks in the U.S. a variety of authentic meal options, the National Pork Board has launched Pork as a Passport.

This new consumer marketing campaign elevates the at-home cooking experience by highlighting the common love for pork across a number of global cuisines. The Pork Board, and the 60,000 U.S. farmers it represents, introduced Pork as a Passport in an effort to encourage quarantine cooks to...

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Sep 10 8:20 AM, General News


The Impact Virtual School Will Have on Daytime Meals  

With the pandemic still uncontrolled, “back to school” is a lot more complex for parents these days. On top of the usual routine, many parents are now faced with figuring out childcare, financial burdens, and how to balance this with a full-time job. With kids at home, meal preparation will continue to be among their many demands, and parents will need help with finding convenient options.

The coronavirus pandemic also has many still working from home. Daytime meals and snacks that were often purchased at restaurants and convenience stores during the workday have now moved into the home. Going out to get food is now viewed as less convenient and too expensive since the refrigerator is so close. However, restaurants can be...

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Sep 9 9:45 AM, Urner Barry


Technomic Analyzes Wendy's Breakfast Performance 

In a recent analysis, Technomic used its Ignite Consumer tool to look at how Wendy's breakfast performed amid several challenges. Wendy's has had a long experience with testing breakfast menu items, dating back to the 1980s. From adding and removing breakfast items at different locations and trying out omelets on the menu, this daypart has represented an ongoing battle for the quick service chain.

In March 2020, Wendy's launched a new campaign focused on breakfast and started to spread the word with a Twitter war. The breakfast battle started with a tweet calling out McDonald's, who did not respond. Wendy's then followed up...

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Sep 3 9:19 AM, Urner Barry


U.S. Restaurant Drive-Thrus are Proving Their Value During the Pandemic and Beyond 

Drive-thru restaurants have always been the ultimate in convenience and speed but during the pandemic, especially during the mandated dine-in closures, they were also a lifeline for the restaurants that had them, reports The NPD Group. Drive-thru restaurant visits increased by 26% in the April, May, and June quarter and represented 42% of all restaurant visits.

In July when more restaurants were reopened, drive-thru visits still increased by 13%, the highest visit increase among the service modes of on-premises, carry-out, and delivery, according to NPD’s daily tracking of U.S. consumers’ use of restaurants and...

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Sep 2 8:28 AM, General News


New Study Finds Many Americans Going Plant-Based for Breakfast 

Over half of Americans are eating fewer animal products since the COVID-19 pandemic began and nearly six in 10 find themselves transitioning to a more flexitarian, or semi-vegetarian diet, citing health as their top reason for making the change, according to a new survey conducted by market research firm OnePoll. The poll of 2,000 adults was commissioned by Eat Just, Inc., a company that applies cutting-edge science and technology to create sustainable foods, ahead of Better Breakfast Month, observed annually in September.

Nearly 60% of respondents in the national general population survey said they “strongly agree” or “somewhat agree” when asked whether their eating habits were increasingly shifting to plant-based, with 39% of participants 18-25 years old and 23% of participants 26-41 years old stating that...

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Sep 1 9:53 AM, General News


National Restaurant Association Launches Restaurant Revival Campaign 

The National Restaurant Association is highlighting its new multimedia Restaurant Revival Campaign. The national ad taps into the sights and sounds associated with dining out and asks diners, "Doesn't dining out sound good?"

"This campaign is about reigniting the memories we cherish about dining out. While diners have been able to enjoy some restaurant meals through take-out and delivery, we all have missed hearing the words, 'Your table is ready,' and the unique experiences that dining out provides," said Tom Bené, President & CEO of the National Restaurant Association. "We know safety is top of mind for returning diners...

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Sep 1 8:23 AM, Urner Barry


U.S. Restaurant Chain Transaction Declines Improve Into Single-Digits for the First Time Since March

In the week ending August 16, customer transaction declines at major restaurant chains improved into the single-digits after 21 weeks of double-digit declines, reports The NPD Group.

Customer transactions were down 9% in week ending August 16 compared to year ago, a 35-point gain from the steepest decline of 44% in week ending April 12, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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Aug 27 8:19 AM, General News


The Consumer Confidence Index Decreased in August 

The Conference Board Consumer Confidence Index decreased in August, after declining in July. The Index now stands at 84.8 (1985=100), down from 91.7 in July.

The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased sharply from 95.9 to 84.2.

The Expectations Index – based on consumers’ short-term outlook for income, business, and labor market conditions – declined from 88.9 in July to 85.2 this month...

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Aug 26 8:26 AM, General News


Convenience Store Sales Growth Doubles Between 2019 and 2020 

The pandemic has given an impressive boost to convenience store sales this year helping the market grow by more than double the rate achieved in 2019. According to the latest Mintel research, convenience sales will grow by almost 8% in 2020 - compared to the 3% achieved last year.

The significant increase in in-home food and drink experienced as a result of COVID-19 will see the convenience store market increase from £44.1 billion in 2019 to an estimated...

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Aug 20 11:13 AM, General News


Over a Fifth of Canadians Have Bought More Groceries Online Due to COVID-19

The COVID-19 pandemic accelerated Canadian usage of e-commerce with online grocery being one of the main benefactors. The latest research from Mintel reveals that by mid-April, almost four in 10 (37%) Canadians were shopping more online, with 22% of Canadians specifically noting they were buying more groceries online due to COVID-19, including 10% of seniors (those aged 65+).

Physical grocery stores have a big challenge to encourage consumers to come back into stores and spend time inside. Mintel's research shows that as of mid-April, 70% of Canadian shoppers were...

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Aug 20 10:59 AM, General News


COVID-19 Forces Technomic to Revise Foodservice Industry Forecasts

With the COVID-19 pandemic continuing to leave its mark on the foodservice industry, research firm Technomic announced revisions to its foodservice forecasts for 2020 and 2021.

The data Technomic shared is presented through three scenarios: Best Case, Middle Case and Worst Case. In the “Middle Case” scenario, Technomic predicts foodservice industry will grow by 21% in 2021 following the massive drop-off in sales during 20201, but sales are expected to remain 11% lower from 2019...

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Aug 14 8:20 AM, General News


Consumers Are Eager to Dine Out and Support Local

Fatigued by cooking at home, consumers are anxious to dine at their favorite restaurants according to a new Oracle Food and Beverage study. The survey found that 59% of US and 47% of UK consumers plan to dine-out as soon as they are able. In fact, as soon as it's deemed safe to reopen, 26% of US respondents and 14% of the UK said they plan to return in the first week.

Diners are looking for reassurance on cleaning procedures and technology to reduce contact with servers. Forty percent of those surveyed in the US and 39% in the UK said they would feel safer if they could view the menu from their mobile device, while...

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Aug 13 8:21 AM, General News


PODCAST: The Grocerant Guru - Steve Johnson, An Expert on Innovative Distribution in the New Normal

What can protein producers be doing to get product into new and innovative channels? Laura sat down with Steve Johnson, the Grocerant Guru, to discuss just that. With extensive research and experience with ever-changing consumer trends, Steve shares his recipes for success...

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Aug 12 11:38 AM, Urner Barry


U.S. Restaurant Chain Customer Transaction Declines Remain Relatively Flat

U.S. major restaurant chain customer transactions were down 11% in the week ending July 26 versus year ago, reports The NPD Group. This is a modest improvement from the 12% decline versus year ago in the prior week, and a continuation of the relatively flat pattern seen over the last several weeks, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing 53% of the commercial restaurant traffic in U.S.

Customer transactions at major quick service restaurant chains were down 11% in the week ending July 26 compared to a year ago and were flat from the prior week, week ending July 19. Full service restaurants improved slightly with customer transactions down...

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Aug 5 8:23 AM, General News


After Steep Declines, U.S. Foodservice Industry Set to Rebound to Pre-Pandemic Levels by 2023

The latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019-2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.

Looking ahead though, Mintel predicts total market sales to rebound to pre-pandemic levels by 2023, with limited-service restaurants (LSRs) including fast food and fast casual restaurants, bouncing back more quickly and representing a notably larger share of the market.

While sales declines will be felt across both LSRs and full service restaurants (FSRs), the majority of these declines will be driven by the FSR segment which has been hit the hardest by...

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Aug 4 8:23 AM, General News


U.S. Full Service Restaurants Struggle as Visit and Transaction Declines Stay in the Double-Digits

Full service restaurants (FSRs) were still recovering from the Great Recession, which ended over ten years ago, when the COVID pandemic hit along with shelter-at-home orders and mandated dine-in closures. With most of FSR business being on-premises dining, these sit down, table service restaurants were hit hard.

Visits to FSRs were down 47% in the April, May, and June quarter, the height of the mandated dine-in closures, compared to same quarter year ago, reports The NPD Group. Quick service restaurants (QSRs), which already have developed off-premises operations like carry-out and drive-thru, realized...

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Aug 3 8:24 AM, General News


U.S. Restaurant Industry Recovery Stalls with No Improvement in Transaction Declines in Six Weeks

COVID case surges across the country and the subsequent rollbacks in re-opening plans have stalled the U.S. restaurant industry’s recovery, reports The NPD Group. Major restaurant chain customer transaction declines have been between 11% and 14% versus a year ago since the second week of June compared to the steady improvement in declines from the last week in April through the second week in June.

In the week ending July 19, major restaurant chain total customer transactions are down 12% versus year ago, compared to 14% in the prior week, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing...

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Jul 29 8:22 AM, General News


Consumer Confidence Index Decreased in July

The Conference Board Consumer Confidence Index decreased in July, after increasing in June. The Index now stands at 92.6 (1985=100), down from 98.3 in June. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved from 86.7 to 94.2. However, the Expectations Index – based on consumers’ short-term outlook for income, business, and labor market conditions – decreased from 106.1 in June to 91.5 this month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers...

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Jul 29 8:22 AM, General News


Food and Beverage E-Commerce Sales Growing Rapidly but Still Small

Even prior to the coronavirus pandemic, online sales of food and beverages in the U.S. have been growing rapidly and totaled about $17 billion in 2018. They are forecast to increase 32% per year through 2023, according to Packaged Facts in the report U.S. Beverage Market Outlook 2020: Grocery Shopping & Personal Consumption in the Coronavirus Era.

Yet, while e-commerce sales are growing rapidly, they still represent a very small percentage—about 4%—of total food and beverage sales.

The impact of online sales varies by food category, ranging from less than 1% to 3% of sales. Coffee and tea sell the best, while dairy and juices...

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Jul 24 8:21 AM, General News


U.S. Quick Service Restaurant Chains Drive Customer Transaction Declines in Week Ending July 12 

Total customer transactions at major U.S. restaurant chains declined by 14% in the week ending July 12 versus year ago, compared to 11% in the prior week. Quick service restaurant (QSR) chains drove the decline, decelerating 4-points to 13% year-over-year while full service restaurant (FSR) chains improved declines by 3-points to 26% year-over-year.

A reversal from last week when FSRs drove the declines and QSRs fueled the improvement in declines, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing...

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Jul 22 8:24 AM, General News


Foodservice Recovery to Continue Amid Rising COVID-19 Cases

The recent surge in Covid-19 cases in the US and the subsequent expansion of dine-in restrictions in many states and cities appear troubling. While they may weigh on consumer behavior for a short period, Rabobank expects US foodservice recovery to continue as initial hotspots (e.g. New York) show no resurgence, and more importantly, the consumer spending trajectory is largely unchanged in new hotspots (e.g. Florida, Texas, California), likely signaling that the delayed onset in these areas has enabled both businesses and consumers to prepare for the ‘new’ normal.

Another Widespread Shutdown Is Unlikely

Though local and state governments have begun to reimpose restrictions in some hard hit areas, there is little appetite among governments, businesses, or consumers for another...

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Jul 21 8:27 AM, General News


Pork Remains on the Menu in Spain and Italy Even if Tourists Stay Away

Spain and Italy face a miserable summer tourism season. But does this mean a terrible year for pork, too? Remarkably, Rabobank's analysis shows that decreased international tourist activity will have a limited impact on total pork consumption in these countries.

For the full year of 2020, Rabobank expects a decrease in total pork consumption of about 6% in Spain and 2% in Italy due to reduced demand in foodservice and retail. Furthermore, pork exports to Italy from major exporters, such as Germany, Spain and Denmark, are expected to remain largely unaffected by...

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Jul 20 9:45 AM, General News


Global Consumer Confidence Suffers Record Drop in Q2

Deteriorating job prospects and rising anxieties about personal finances drove a record drop in global consumer confidence in the second quarter of 2020, according to The Conference Board Global Consumer Confidence Survey.

Conducted in collaboration with Nielsen, the survey found that overall global consumer confidence fell to 92 in the second quarter from a near-historic high of 106 early in the first quarter, before the pandemic significantly expanded beyond China. A reading below 100 is considered negative, indicating that consumers were slightly more pessimistic than optimistic globally for the first time since...

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Jul 16 8:22 AM, General News


U.S. Quick Service Restaurant Chains Fuel Improvement in Customer Transaction Declines

Customer transactions at major U.S. restaurant chains declined by 10% in the week ending July 5 compared to same period year ago, an improvement over last week’s decline of 14%, reports The NPD Group. All of the improvement in the week sources to major quick service restaurant chains (QSRs) where customer transaction declines improved by 4-points from the prior week’s decline of 13% versus year ago.

Full service restaurants (FSRs) continued to struggle in the week with customer transactions down 30% compared to year ago, a 5-point decline from the prior week, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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Jul 15 8:23 AM, General News


Grubhub Releases Second Annual State of the Plate Report

We're officially in the second half of 2020, and it's time to turn the dial back to take a look at how we ate our way through the beginning of a year unlike any other we've seen before. Grubhub, a leading online and mobile food-ordering and delivery marketplace, launched its latest report, "State of the Plate", looking at trends across the more than half a million orders placed a day. Grubhub's mid-year report checks in on the popular food trends to date and what quarantined Americans ordered through contact-free delivery, and predicts what we can expect to see more of in the second half of the year.

From grabbing a chorizo burrito (270% more popular) for breakfast, a cheesy breadstick snack (412% more popular), a plant-based burger (291% more popular), or a fit-for-quarantine meal kit (orders of meal kits rose 55%), below are the trends loved so far this year...

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Jul 10 8:22 AM, General News


Beefing Up Our Coverage: Enhanced Imported Beef Reporting

This week we answered your requests for a show around beef with none other than Urner Barry CEO Joe Muldowney. Laura and Joe discuss international trade and demand impact on the imported beef market, consumer trends related to COVID-19 and...

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Jul 9 10:06 AM, Urner Barry


COVID-19 Case Spikes Continue to Hinder U.S. Restaurant Recovery in Week Ending June 28

The recovery of U.S. restaurant customer transactions has stalled for the second week in a row as COVID-19 cases continue to increase in a number of states, reports The NPD Group. For the week ending June 28, total customer transactions at major U.S. restaurant chains are down 14% versus the same week a year ago.

Last week, week ending June 21, total transactions were down 13% versus year ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 72 quick service, fast casual, midscale, and casual dining chains.

The rise in COVID-19 case counts is causing local and state authorities to delay reopening, and in some cases, reinstating on-premise restaurant dining restrictions. In Texas, for example, restaurants may continue to...

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Jul 8 8:20 AM, General News


Fast Casual Restaurant Market to Reach $209.1 Billion by 2027 

According to Allied Market Research, the global fast casual restaurant market garnered $125.6 billion in 2019, and is estimated to reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027.

Drivers, Restraints, and Opportunities:

Increase in popularity of fast casual restaurants, low entry barriers, and high profits resulting drive the growth of the global fast casual restaurant market. However, high cost compared to quick service restaurants hinders the market growth. On the other hand, early adoption of technologies and hygienic cooking environment are anticipated to offer...

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Jul 7 8:19 AM, General News


After Two Months of Steady Improvements, Restaurant Recovery Hits a Bump as COVID-19 Cases Surge

Customer transactions at major U.S. restaurant chains declined by 13% in the week ending June 21 versus the same week a year ago, which is slightly softer than the 12% decline in the previous week, reports The NPD Group. This is the first time since the week ending April 12 there has not been an improvement in the year-over-year trend. COVID-19 case surges in a number of states contributed to the backtrack in decline improvements. The current period also included Father’s Day, which unlike Mother’s Day, is more of a backyard BBQ occasion than a restaurant dining event.

With new COVID-19 cases suddenly surging across multiple states, some of the states that have been reporting the highest number of new cases experienced steeper declines in major restaurant chain customer transactions in week ending June 21. Arizona, with a well-publicized surge in cases, saw a 5-point decline in...

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Jul 2 8:21 AM, General News


Seven Lessons Foodservice Can Learn from a Pandemic 

As states begin to reopen, restaurants are adapting to a new normal to welcome diners back. These adaptions include providing outdoor seating, incorporating stricter sanitary procedures, and paperless menus. According to a recent report by Datassential, there are seven lessons foodservice operators can learn from the COVID-19 pandemic that will benefit their business going forward. 

The first lesson is goodbye fear, hello caution. As more places begin to ease coronavirus restrictions, consumers are feeling more comfortable returning to public spaces if certain safety measures are met. After restrictions are lifted, about 63% of those surveyed feel safe eating at a restaurant with outdoor dining. Around 54% feel safe returning to a convenience store, and the same percentage feel comfortable with...

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Jul 2 8:20 AM, Urner Barry


The Consumer Confidence Index Increased in June

The Conference Board Consumer Confidence Index increased in June, after virtually no change in May. The Index now stands at 98.1 (1985=100), up from 85.9 in May. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved from 68.4 to 86.2. The Expectations Index – based on consumers’ short-term outlook for income, business, and labor market conditions – increased from 97.6 in May to 106.0 this month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was...

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Jul 1 8:25 AM, General News


Outlook on the Global Egg Protein Industry to 2027

According to ResearchAndMarkets, the global protein egg market accounted for $28.41 billion in 2019 and is expected to reach $48.09 billion by 2027, growing at a CAGR of 6.8% during the forecast period.

Consumer awareness about a healthy diet and increase in demand for proteins as nutritional and functional ingredients are the major factors propelling market growth. However, the surge in demand for plant-based proteins is hampering the growth of the market.

Based on the type, the egg white powder segment is going to have lucrative growth during the forecast period owing to the increasing consumer attention as they contribute to...

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Jun 26 8:13 AM, General News


Reopening Regulations Lead to New Formats and Menu Innovations

China has put several parts of Beijing under lockdown following a spike in recent virus infections. The second wave prevention measures include the closure of some bars and the sanitization of restaurants.

South Africa is now allowing restaurants to offer dine-in service after having been under one of the world’s tightest lockdowns since late March.

Wisconsin’s Supreme Court ruled that prohibitions on business reopenings are unconstitutional, opening the door for restaurant dining rooms and bars to welcome guests again.

Governors in both Texas and Florida announced that restaurant dining rooms can reopen at 25% capacity. However, in Florida, stay-at-home orders remain in place for the more...

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Jun 25 8:22 AM, General News


Spikes in COVID-19 Cases in Open States are Not Yet Impacting Restaurant Recovery

The spikes in COVID-19 cases in states that have reopened restaurant dine-in services haven’t yet impacted the continuing improvement in major restaurant chain transaction declines as more states reopen, reports The NPD Group. Arizona, California, and Florida, three states that reported an uptick in COVID-19 cases, showed several points of improvement in restaurant chain customer transaction declines at full service restaurants — the restaurant segment most affected by dine-in closures — in week ending June 14 compared to the previous week, according to...

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Jun 24 8:19 AM, General News


While COVID-19 Remains a Focus, Consumers’ Interests have Started to Shift Beyond the Pandemic

Since the beginning of the pandemic, the world has been focused on coronavirus. With the virus impacting just about every aspect of consumers’ lives, stepping away from the news is not always enough to escape the fatigue.

For the first time in three months, the virus is no longer front and center amid recent events surrounding protests. In some ways, Datassential found that this has caused some households of younger generations to relax COVID-19 precautions and take on more risk to get out and reclaim their lives.

More than others, younger generations and households with children are partaking in socializing in larger groups and heading back to dining rooms. While Americans are not ready to completely turn off virus-related news, they are ready to...

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Jun 18 8:19 AM, Urner Barry


Mintel: A Quarter of British Millennials Say COVID-19 has Made a Vegan Diet More Appealing 

The prospect of a diet packed with chickpeas, lentils, and quinoa appears to be more tempting as of late, as new research from Mintel reveals that a quarter (25%) of young British Millennials (aged 21-30) say that the COVID-19 pandemic has made a vegan diet more appealing.

These plant-loving Millennials are not alone, as the research reveals that a vegan diet is proving more attractive to over one in ten (12%) of all Brits, rising to almost a quarter (22%) of Londoners, since the start of the pandemic.

This comes as Mintel research indicates there is a strong belief in the healing power of plants, as half of Brits (51%) believe plant/botanical ingredients (eg herbs, spices) can have...

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Jun 18 8:17 AM, General News


U.S. Restaurant Chain Transaction Declines Continue to Soften, Down 14% in Week Ending June 7

U.S. major restaurant chain transactions were down 14% in the week ending June 7 versus the same week a year ago, a 29 point gain from the steepest decline during the COVID-19 pandemic of  43% in week ending April 12, reports The NPD Group.  Sixty-nine percent of restaurant units are now in geographies that permit some level of on-premise dining and the number should increase to 74% in week ending June 14.

Major full service restaurant (FSRs) chains are still seeing the most improvement of restaurant segments as more dining rooms open and those already open increase capacity...

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Jun 16 8:12 AM, General News


A Quarter of Young Millennials Say COVID-19 Has Made A Vegan Diet More Appealing

The prospect of a diet packed with chickpeas, lentils, and quinoa appears to be more tempting as of late, as new research from Mintel reveals that a quarter (25%) of young British Millennials (aged 21-30) say that the COVID-19 pandemic has made a vegan diet more appealing.

These plant-loving Millennials are not alone, as the research reveals that a vegan diet is proving more attractive to over one in ten (12%) of all Brits, rising to almost a quarter (22%) of Londoners, since the start of the pandemic...

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Jun 12 7:39 AM, General News


Technomic: Recent Protests Resulted in Restaurant Foot Traffic Declines 

Major cities where protests were held, including Minneapolis, experienced declines in QSR and overall restaurant foot traffic that overindex national levels.

There is significant concern that the virus will reappear

Driven by the New England region (88%) and consumers ages 55-64 (85%), the vast majority (77%) express concern that the virus will be back before the end of year. On the flip side, 32% of West North Central and 31% of consumers ages 18-24 report that they are not concerned or very concerned.

Employees’ safety and health are top of mind for operators

Healthcare operators are more likely to be concerned with...

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Jun 11 8:23 AM, General News


Restaurant Transaction Declines Continued to Improve in Week Ending May 31

Nearly three months have passed since most U.S. restaurant dine-in operations were ordered to close to prevent the spread of COVID-19, and this week more than 68% of all restaurant units are in states, counties, or municipalities where they are permitted to reopen their on-premise dining service. This does not mean all restaurants in those areas have reopened, but it is an indicator of loosening regulations.

With a growing number of restaurant dine-in services reopening, major restaurant chain customer transactions have been improving, reports The NPD Group. In the week ending May 31, U.S. restaurant chain transactions declined by 18% compared to same period year ago, a 3%...

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Jun 10 8:18 AM, General News


Nielsen: Understanding Consumer Sentiment Can Help Companies Adjust as the U.S. Begins to Reopen 

Even though the year is almost half over, it’s just now starting to feel like a new year in parts of the U.S., as many states have allowed certain non-essential businesses like restaurants, movie theaters and retail stores to re-open in at least some capacity. We know, however, that many Americans plan to play it safe as businesses come back online rather than immediately jumping back into pre-lockdown behaviors. That’s why companies need to understand evolving consumer sentiment before assuming that open-for-business means business as usual.

The rise in CPG purchases (both on and offline) has been well documented throughout the lockdown period, but we have yet to see how consumers approach visiting non-essential businesses once they’re open again...

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Jun 3 8:09 AM, General News


Uncertainty Surrounds the Reopening of Businesses

While the reopening of businesses shut down because of the coronavirus pandemic is a significant step forward, the rate at which the economy will recover or consumers will feel comfortable resuming activities such as dining out or shopping remains to be seen.

“Is it possible the worst of the coronavirus pandemic is behind us? Maybe, but we are not out of the woods yet, and uncertainty abounds,” said National Retail Federation Chief Economist Jack Kleinhenz.

Kleinhenz added, “Predicting what will happen is even more challenging than usual. While history often helps guide us, previous downturns offer little guidance on what is likely to unfold over the next six to 12 months. There is no user’s manual in which government, businesses or consumers can find...

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Jun 3 8:07 AM, Urner Barry


U.S. Restaurant Chain Transactions Down 18% Compared to Year Ago but Continue to Improve 

With nearly 320,000 restaurant units in the U.S. now allowed to offer some level of on-premise dining, customer transaction declines at major restaurant chains continued to improve in the week ending May 24, reports The NPD Group. Total major restaurant chain transactions declined by 18% in the week compared to same week year ago, a 25 point gain from the steepest decline during the COVID-19 pandemic of 43% in week ending April 12, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

Major full service chain restaurant transactions declined by 42% versus same time year ago, a 7 point improvement from the prior week’s decline of...

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Jun 3 8:07 AM, General News


Technomic: Turmoil, Uncertainty and Some Relief Expected for Foodservice Over the Next 18 Months

The foodservice industry will experience significant declines in 2020.

The degree of decline will be dependent upon the timing of lifting restaurant closure restrictions, the status of school and college openings in the fall, the degree of travel return and a possible second COVID-19 wave in the fall.

Healthcare and retail hosts will be the strongest performers

In terms of segments, healthcare will perform at the strongest level in 2020, followed by retail hosts (e.g., c-stores, supermarkets) and limited-service restaurants. Retail and healthcare are less impacted by closures and LSR is strongly positioned for off-premise business. The most affected segments are...

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May 29 8:21 AM, General News


U.S. Restaurants Continue Slow Recovery in Week Ending May 17 as More States Reopen

Customer transactions at major U.S. restaurant chains declined by 21% in the week ending May 17 compared to same period last year, a slight gain from last week’s 23% decline and the fifth consecutive week of improvement, reports The NPD Group. Major quick service chain restaurants, which represent the majority of restaurant transactions, improved transaction declines to 20% in the week compared to a 21% decline in the prior week from year ago, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

Continued improvement in restaurant chain transaction declines was aided by adding 93,000 restaurant units in states where restrictions to on-premise dining were lifted from the week ending May 10 to the week ending May 17. These openings are more critical for...

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May 28 8:13 AM, General News


Consumer Confidence Index Stabilizes in May

The Conference Board Consumer Confidence Index held steady in May, following a sharp decline in April. The Index now stands at 86.6 (1985=100), up from 85.7 in April. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – declined from 73.0 to 71.1. However, the Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – improved from 94.3 in April to 96.9 this month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was...

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May 27 8:15 AM, General News


Food E-commerce Market Projected to Reach $498 Million by 2026

Consumer behavior in the food industry is transforming owing to rising e-commerce and technological trends. The food and beverage industry is gradually moving towards e-commerce, that's certain, but its full potential is yet to be exploited.

Infinium global research has recently published a global report on "Food E-commerce Market," the reported study estimated the market for food e-commerce to be USD 138 million in 2019 and is projected to reach up to USD 498 million in 2026, with a Compound Annual Growth Rate of 20.3%, over the forecast period of...

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May 27 8:14 AM, General News


Has the Coronavirus Caused Consumers to Adopt New Eating Behaviors? 

Although social distancing measures have forced many people to stay indoors and start experimenting in the kitchen, the verdict is mixed on home cooking. According to Datassential, two in five consumers did not actually start cooking more often. However, about 35% found joy and excitement in discovering new dishes, yet more than a third of Gen X and households with children are sick of having to cook more often for their families.

For the most part, the pandemic has encouraged very few consumers to adopt new shopping and dining strategies, the rest are maintaining their prior routines. Online grocery shopping and grocery delivery have benefited the most from these new trials, with 21% trying grocery pickup for the first time, and...

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May 22 8:13 AM, Urner Barry


Technomic: Consumer Perspective on Social Distancing Measures within Restaurants

Following CDC guidelines for safe social distancing, half of consumers would be comfortable dining in at restaurants with a 6-foot distance between tables. However, more than a quarter would be more comfortable with 9-15 feet.

More consumers willing to social distance than wear protective gear

More than half of consumers would follow social distancing measures, but less than half would be willing to wear a mask or gloves when in a restaurant. Consumers ages 35-44 are more likely to...

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May 21 8:18 AM, General News


States Reopening and Mother’s Day Help to Continue Improvements in Restaurant Transaction Declines

U.S. restaurant chain transaction declines continued to improve for the fourth consecutive week in the week ending May 10 as more states reopened and America’s mothers were honored with a meal they didn’t need to cook. Large chain restaurant customer transactions were down 23% compared to a year ago, improving from a 26% decline the prior week, reports The NPD Group.

Large full service chain restaurants benefitted from a Mother’s Day lift, with transaction declines up 39% versus the prior week, although still down 58% compared to year ago. Transactions at large quick service chain restaurants declined by 21% in the week ending May 10 compared to year ago, versus...

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May 20 8:11 AM, General News


Still Concerned About COVID-19, U.S. Consumers Will Want More from Convenience Stores

Across the U.S. retail landscape, the convenience channel has been the offline channel to watch over the past year. With the country in the throes of the COVID-19 pandemic, the convenience channel is poised to be even more dominant as stay-at-home restrictions are lifted.

Last November, Nielsen forecasted that the U.S. convenience channel would grow faster than all other offline channels over the next five years. When we look at the importance of proximity to our homes and the desire among many to avoid large crowds, convenience stores have the ability to write their own future. To do so, they need to embrace the opportunity to expand beyond categories traditionally expected from the channel. Baking staples, for example, aren’t common on the shelves at most C-stores, but...

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May 19 8:08 AM, General News


U.S. Foodservice Revenues to Decline 25% from 2019, But are Expected to Rebound by 2024

Although full-service restaurants have slowly been losing share of restaurant spending to less expensive and more convenient fast food and fast casual restaurants, they still made up the largest share of revenues from eating and drinking places in 2019, according to Food Carryout & Delivery, a recently published report market research firm Packaged Facts.

As the coronavirus pandemic sweeps the nation in 2020, foodservice revenues are forecast to decline more than 25% from 2019 as dine-in service shuts down amid decreased consumer spending on restaurants as people stay at home and cook more even as some states slowly begin reopening. Revenues will...

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May 15 8:16 AM, General News


Technomic: Supply Chain Issues Likely to Continue

As news of outbreaks within the food supply chain spread, restaurant operators started to grow wearier of their prospects. Concerns about commodity spikes and/or shortages are compounding the negative outlook operators already had because of the impact of shelter-in-place orders and consumer changes in behavior. Operators are taking extraordinary measures to ensure the health and safety of their staff and customers alike, as many recognize the failure to do so could lead to rebound in contagion rates, put their staff in danger and undermine their growth.

The good news is that curbside, drive-thru and limited takeout appear to be growing to levels that are allowing sustainable levels of sales to occur for...

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May 15 8:15 AM, General News


Consumers Continue to Purchase Meat from Restaurants and Retail Despite Coronavirus Concerns

Fear of the unknown proved to be true when observing consumers’ reaction to the emergence of COVID-19. When the virus first made its way to the United States, panic ensued. Grocery store shelves were depleted, and necessities like toilet paper were nowhere to be found. Consumers have come accustomed to finding resourceful solutions and are willing to be more flexible than ever before.

However, the coronavirus has thrown yet another curveball, with many meatpacking plants either temporarily closing or reducing operations. While consumers have stocked up on meat, there seems to be less panic this time around.

When Datassential asked consumers what best describes the way they eat today, nearly 69% described themselves as...

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May 15 8:15 AM, Urner Barry


U.S. Restaurant Chain Transaction Declines Improve for Three Consecutive Weeks

Lingering tailwinds from government relief payments and the lifting of dine-in restrictions in states like Georgia, Florida, and Texas helped to improve U.S. restaurant chain transaction declines in the week ending May 3, reports The NPD Group.

For the week ending May 3 total transactions were down 26% from year ago compared to a 32% decline the prior week and a decline of 43% the week ending April 12, the low point of the COVID-19 disruption, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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May 13 8:14 AM, General News


Mintel: The Current Economic Environment Compared to The Great Recession 

Mintel has released new research analyzing the current economic environment compared to that of the Great Recession, including insight on the economic indicators that will play a role in predicting consumer spending in the months and years ahead.

While the economy is in decline today, the factors leading to the last recession, its duration, and lasting impact on consumers are (and will be) very different this time around.

Why this time it’s different

The Great Recession was largely impacted by failures in the housing and banking industries. Today, the crisis is out of human control, and one we can’t yet solve. What’s more, the financial system today is...

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May 13 8:14 AM, General News


The Consumer Perspective on the Potential Meat Shortage 

As warnings of a potential meat shortage seem to dominate headlines, consumers may begin to panic buy and stockpile proteins in case supply chain disruptions due to COVID-19 lead to empty meat cases at the grocery store. While retailers did see aisles that include toilet paper, paper towels, and cleaning products wiped out at the height of the pandemic, it is possible that consumers have already purchased meat products in bulk.

According to a recent survey conducted by Datassential, about 77% of consumers have at least one week's supply of meat on hand. This is followed by 26% having enough meat in the home to last about two to three weeks. Only 7% of respondents have run out of meat and will be purchasing more. Additionally, some shoppers purchased enough meat to last...

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May 12 8:15 AM, Urner Barry


While Total U.S. Restaurant Traffic Declines by 22% in March, Digital and Delivery Orders Jump

March is supposed to come in like a lion and leave like a lamb, but with 97% of U.S. restaurants impacted by mandated dine-in closures by mid-March, the month left like an angry lion for America’s foodservice industry. Restaurant traffic declined by 22% in the month compared to same month year ago, but a testament to the U.S. consumers’ want for someone other than themselves to make their meals, digital restaurant orders increased by 63% and delivery by 67% in March, reports the NPD Group.

Visits to quick service restaurants (QSR), many of which already had off-premise operations, like carry-out and drive-thru, in place prior to the dine-in closures, decreased by...

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May 11 8:11 AM, General News


Technomic: Foodservice Spending Continues a Slow Rebound 

Consumer spending estimates bottomed out at a decrease of 35% of expected sales the week of April 12 and has grown to a level that may be pulling us off the bottom of the market. The cumulative loss in spending has declined for the first week since the start of the pandemic. However, it is important to note that previous weeks showed fluctuations that could foretell more up and down movement in the trends in coming weeks.

Off-premise ordering at FSRs sees high growth this week

Ordering by nondelivery, off-premise methods has increased across all segments this week. For fast-food restaurants, this was driven by drive-thru orders (59%). Growth at FSRs was driven by a mix of drive-thru and takeout orders. Overall, casual-dining and fine-dining restaurants saw the largest jump...

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May 7 8:14 AM, General News


Consumers Remain Skeptical but Hopeful as States Begin to Reopen 

Now that states are beginning to reopen non-essential businesses, consumers are once again expressing feelings of excitement, fear, and uncertainty. Often, these feelings are informed by their view on how the health crisis compares to the economic one. According to a recent report by Datassential, restaurants can still find ways to address that tension through service and outreach that emphasizes community building.

The data shows that concern about the coronavirus has plateaued. With cases still growing in some locations and no major breakthroughs have been made on the testing front, almost 60% of Americans are...

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May 7 8:12 AM, Urner Barry


U.S. Restaurant Chain Transaction Declines Continue to Ease in Week Ending April 26

U.S. restaurant chain transactions showed improvement for the second week in a row in the week ending April 26 with total industry customer transactions down 32% compared to a 36% decline the prior week, reports The NPD Group.

Transactions at quick service restaurants were down 30% in week ending April 26 versus year ago, and full service restaurants improved slightly this week, declining 71% versus a 72% decline last week, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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May 6 8:17 AM, General News


Research and Markets: Global Meat Snacks Market, Forecast to 2025

The global meat snacks market is expected to register a CAGR of 9% during the forecast period, 2019 to 2024.

The market is driven by the increased demand for snacks that are rich in nutrients, such as omega-3s, iron, and vitamin B12. The portable snacks make it a convenient option for consumers requiring healthy meat snacks for on-the-go. The rapid growth of the e-commerce sector will also aid the growth of the market by offering a wide array of meat snacks for online purchase.

Increasing Popularity of Sausages, Globally

Consumers are increasingly purchasing three major varieties of meat snacks, such as jerky, sticks, and sausages. While jerky is popular in North America and Europe, sausages are...

 

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May 5 8:08 AM, General News


Mintel: UK Online Grocery will Grow by Around 33% in 2020

The latest research from Mintel reveals the online grocery market is forecast to grow by 33% in 2020 to reach an estimated value of £16.8 billion, up from £12.7 billion in 2019. This phenomenal rise follows four consecutive years of slowing growth: in 2019 growth fell to a historic low of just 2.9%. The market is set to be worth £17.9 billion by 2024, growing by 41% over the five year period.

Online shopping behaviour as a whole

This comes as Mintel reveals a dramatic change in online shopping habits over the COVID-19 lockdown period, habits that Mintel believes could prove lasting. In the very early days of the spread of the coronavirus in the UK, before social distancing measures were announced, 7% of Brits...

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May 1 8:22 AM, General News


Technomic: Uncertainty Surrounds How and When to Reopen the Economy

Conflicting opinions between federal, state and local officials

With the publication of federal guidelines, some states have received mixed signals from high-level officials on the proper timing of reopening. There is a vocal segment of the population pushing their states to reopen and a handful of states are moving in that direction, despite public health warnings of a prolonged outbreak in their states.

Public health projections on the timing of the pandemic are a work in progress

Testing protocols have reached their current capacity and there is growing concern that previously reported plateaus reflect a peak in the number of tests being provided as opposed to...

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Apr 30 8:17 AM, General News


Consumer Confidence Index Weakened Significantly in April

The Conference Board Consumer Confidence Index deteriorated further in April, following a sharp decline in March. The Index now stands at 86.9 (1985=100), down from 118.8 in March. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – also declined considerably, from 166.7 to 76.4. However, the Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – improved from 86.8 in March to 93.8 this month.

“Consumer confidence weakened significantly in April, driven by a severe deterioration in current conditions,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The 90-point drop in the Present Situation Index, the largest on record, reflects the sharp contraction in...

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Apr 29 8:19 AM, General News


Coronavirus Relief Checks Help Ease U.S. Restaurant Transaction Declines in Week Ending April 19

Likely buoyed by the coronavirus relief payments received from the government, consumers increased their restaurant transactions in the week ending April 19 relative to week ending April 12, easing the previous weeks’ declines, reports The NPD Group.

Although the industry is still at historic lows compared to year ago, restaurant customer transactions declined by 36% compared to a 43% decline the prior week, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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Apr 29 8:18 AM, General News


Technomic: Canadian Foodservice View During Coronavirus Pandemic 

When news of the coronavirus (COVID-19) outbreak in China first broke, it was impossible to fully comprehend the global devastation that would follow. Canada confirmed its first case of COVID-19 on Jan. 25 and, as of April 15, the country’s surge of confirmed cases had reached 28,364. While a national mandatory stay-at-home order has yet to be enacted, most provinces have ordered nonessential business workers to self-quarantine until virus concerns subside.

For restaurant operators, consumers’ fears of public spaces as well as government recommendations and regulations have been damaging to business. Suspended dine-in service has forced operators to pivot to takeaway, drive-thru and delivery models only, but even those changes haven’t...

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Apr 28 8:18 AM, General News


COVID-19 Impact on the Plant-Based Meat Market

According to MarketsandMarkets, the global plant-based meat market size is projected to grow from $3.6 billion in 2020 to $4.2 billion by 2021, recording a compound annual growth rate of 17.0% in the realistic scenario during the forecast period.

The pea segment is projected to be the fastest-growing segment in the plant-based meat market during the forecast period.

The use of pea in plant-based meat has gained significant prominence over the past two years, driven by companies such as Beyond Meat (US), R&S Blumos (Brazil), and other regional players who are...

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Apr 23 8:19 AM, General News


Rabobank: Initial Impacts of Covid-19 on the Brazilian Consumer

The coronavirus pandemic has inflicted significant pain on the Brazilian consumer, with unemployment rising and incomes set to decline in the coming months. Beyond the initial shock of the lockdown period, in which supermarkets and pharmacies have done well, consumer habits are set to change and resemble some of the trends seen during the last recession in 2015-2016.

Initial Shock and Wider Impact Ahead

- A large part of the country remains in social isolation mode, with no clarity as to when and how such measures will be relaxed or lifted. São Paulo state is signalling a continuation of the quarantine period until at least April 22.

- On April 13, Santa Catarina became the first state to announce the reopening of some retailers, with...

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Apr 23 8:18 AM, General News


Rabobank: China's Gradual Recovery from Coronavirus

As coronavirus eases across China, life is slowly returning to normal. Different sectors are recovering at different paces, but the impact of the disruption to foodservice and food retail will be ongoing. The slow recovery of China’s foodservice industry and the uplift in food retail sales can give other countries a glimpse of what might happen once the worst of the pandemic has passed.

After nearly two months of lockdowns, life in China is slowly returning to normal. Ministry of Commerce data shows 99% of large manufacturing enterprises have resumed operations. However, the coronavirus changed, at least temporarily, some consumer habits, especially where and how to eat. A Nielsen survey indicates 86% of Chinese consumers said they would...

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Apr 23 8:18 AM, General News


Technomic Forecasts Recovery Process for Foodservice as a New Normal Takes Shape 

This information is pulled from Technomic’s Foodservice Impact Monitor, which shares sentiment and behavior tracking to help support the transition from crisis response to near- and long-term planning. View some highlights pulled from the most recent report below, focusing more on recovery than COVID-19 responses, as we continue to enter a “new normal” in the foodservice industry.

The ‘Four S’ Process of Recovery

Survival. The first month of the recovery was focused on containing and minimizing the economic damage that the pandemic was causing. Restaurants scrambled to adjust to off-premise service or closed entirely opting to focus on lobbying efforts to gain...

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Apr 23 8:17 AM, General News


Technomic Predicts 2020 Will Be the Most Challenging Year For the Top 500 Chain Restaurants

Technomic released the Top 500 Chain Restaurant Report, which ranks each top chain by sales performance for the previous year. This year’s report includes insight into what to expect for 2020. Although uncertainty remains about the toll that COVID-19 will have on performance, the initial forecast predicts overall sales to decrease by 12% to 17% this year.

“While the Top 500 chains saw a relatively solid overall sales increase in 2019, the growth gap between the largest players and midsize chains continues to widen,” explains Kevin Schimpf, senior research manager at Technomic. “The 5.7% sales boost achieved by the top 20 chains significantly...

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Apr 22 8:16 AM, General News


Coronavirus Takes European Food Delivery on a Bumpy Ride

Food delivery platforms were expected to be one of the few winners of the ‘corona crisis.’ However, platforms seem to have had a rough start, due to both supply and demand developments. Although recovery is seen in some cases, it remains to be seen whether this bumpy ride will get smoother.

Food Delivery Platforms Swell With New Entrants

For foodservice companies, business has drastically changed these last few weeks. Restaurants and bars across Europe were told to shut down and resort to food delivery. Many restaurants have made this shift, from fast-food chains to Michelin-star restaurants.

Even though some restaurants decided to take on the task of delivery themselves, many see the added value of teaming up with delivery platforms such as...

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Apr 22 8:16 AM, General News


Pantries Padded with Produce as North Americans Prepare for the COVID-19 Long Haul

Much like the sentiment felt among European consumers, many North Americans expect the impact of the novel coronavirus (COVID-19) to last for quite some time. That means the inordinate rise of in-home food and beverage consumption we’ve seen this year will likely continue for the foreseeable future. While the health and immune-boosting properties of fresh produce have brought growth to the category, many consumers have sought frozen and pantry-friendly fruits and vegetables much more than they did before the outbreak.

But many pre-outbreak behaviors and tendencies will likely stay in the rearview mirror as communities hunker down at home in efforts to mitigate further spread of COVID-19. Overall, it’s left many consumers fearful that the worst has yet to come in terms of...

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Apr 21 8:16 AM, General News


Protein Alternatives Market Outlook to 2025; Dominated by Cargill

According to ResearchAndMarkets, the global protein alternatives market is projected to grow with a CAGR of 7.4% during the forecast period (2020-2025).

The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, therefore, driving the market studied.

Consumers in developing regions, like Asia-Pacific and Africa, have started to incorporate more protein in their daily diets. Many companies operating in the market place have started to initiate...

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Mar 25 9:55 AM, General News


Rabobank: China's Growing Appetite for Meat Alternatives

‘Meat alternative’ has become a global buzzword since Beyond Meat conducted its stellar Nasdaq IPO. Since then, many meat alternative startups began looking into the Chinese market. The rise of the numerous Chinese startups, such as OmniPork and Zhenmeat, hinge on the belief that China will be a potential consumption market for meat alternatives.

Meat alternatives have been discussed a lot by the public media in the past year. The global frontrunners are US-based companies making beef-like burgers with plant-based ingredients, like Beyond Meat and Impossible Foods. Since Beyond Meat’s IPO, China has witnessed nearly 100 plant-based brands emerge in cities like...

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Mar 10 8:23 AM, General News


Alternative Proteins See Impressive Growth on Menus 

According to a recent webinar by Datassential, trending dishes are driven by a variety of factors, including global influences, mash ups, and plant based. Among these factors, plant based is especially driving several growing dishes. The research found that 44% of consumers are trying to increase their intake of vegetable-based protein. Meanwhile, vegan items have seen an increase of 621% in menu penetration over the past decade. However, consumers stated that plant-based or vegetarian diets are loved the most, while vegan diets are hated the most.

Products that attempt to mimic the texture and taste of meat are growing on menus as alternative proteins. The research found that 69% of consumers would at least occasionally order a plant-based meat if available. In the past four years, the plant-based burger’s menu penetration has increased by...

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Mar 10 8:22 AM, Urner Barry




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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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