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Competition Heats Up in Canada as Emerging Channels Enter the Playing Field
Emerging channels in Canada are delivering a new wave of competition for traditional foodservice operators. Technomic’s 2019 Canadian Emerging Channels Consumer Trend Report explores these new players, covering everything from food halls to meal kits. While usage of these channels is currently low overall, there is strong appeal among younger consumers. This, along with future expansion plans, means that emerging channels are poised to steal share from restaurants moving forward.
“For younger consumers, a wider variety of need states compared to older consumers and a greater willingness to experiment and try new things leads to greater usage of emerging channels,” explains Bret Yonke, manager of consumer insights at Technomic. “Moving forward, the broad nature of these channels means competition on multiple fronts. Food halls and food trucks will be the greatest threat for lunch occasions, while eatertainment and meal kits will...
Global Mobile Food Vehicle Market Expected to Expand
The global mobile food vehicles market is expected to expand at a CAGR of 4.9% during the forecast from 2018 to 2026.
Mobile food vending industry has grown considerably over the last few years, becoming a multi-billion industry globally. The rapid growth experienced by the mobile food vending industry, especially food trucks is majorly attributed to consumer's desire and appreciation for quick, quality, and fresh local food along with a sustainable business option for food vendors.
In addition, to help food vendors expand economic opportunities, mobile food vehicles are also seen as an option for enriching communities by improving access to goods and producing food otherwise not readily available through merchants. Economic uncertainties and strong competition in...
Technomic: Restaurants Brace for Increased Competition as Emerging Channels Continue to Expand
While usage of emerging channels is still low overall compared to traditional foodservice segments, strong appeal among younger consumers and continued nationwide expansion by these channels means increased competition for restaurants moving forward. Technomic's 2019 Emerging Channels Consumer Trend Report explores primary and secondary emerging channels, and covers the unique challenges and opportunities that each channel faces.
"Restaurant operators will have to pick and choose how to compete as variety and uniqueness are currently competitive advantages for emerging channels...
How Food Trucks are Adding a Fresh Twist to Casual Dining
As the appetite for trying new foods grows and consumers actively seek out new dining experiences, the traditional lines between eating out in restaurants or tucking into street food are blurring.
Food trucks are one of the main reasons why.
Whether they specialise in luxury noodles, artisan pizza or tacos with a twist, growing numbers of street food traders that started off life in food trucks are making the transition to bricks-and-mortar stores.
It all adds up to a more exciting local dining scene, says Ian Hanlon, director at JLL Foodservice Consulting.
“Today’s food trucks offer high-quality ingredients and often champion local produce ...
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