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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



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


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


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


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


Mintel Announces Four U.S. Foodservice Trends for 2020 

Mintel has announced four trends set to impact the US restaurant industry in 2020, bringing new opportunities to appeal to diners based on specific dietary and lifestyle needs.

Amanda Topper, Associate Director, Foodservice Research at Mintel, outlines the trends and what they mean for restaurants in the year ahead:

Battleground: Foodservice

With more options for buying food and drink than ever, restaurants will lean into their ability to be a social gathering place, in addition to a place to refuel. To remain competitive, they will modify existing operations to...

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Jan 21 8:17 AM, General News


Mintel: UK Sales of Meat-Free Foods Shoot Up 40% Between 2014-2019 

From meatless steak bakes to plant-based Whoppers, it seems that vegan food product launches are now in full swing as new research from Mintel reveals a nation hungry for meat-free foods.

Over the past two years, the number of Brits who have eaten meat-free foods has shot up from 50% in 2017 to 65% in 2019. Meanwhile, sales of meat-free foods have grown an impressive 40% from £582 million in 2014 to an estimated £816 million in 2019. Such is the popularity of meat-free food that sales are expected to be in excess of £1.1 billion by 2024.

According to Mintel research, the proportion of meat eaters who have reduced or limited the amount of meat they consume has risen from 28% in 2017 to 39% in 2019. Women are more likely than men to have...

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Jan 20 11:46 AM, General News


Mintel Announces Global Food and Drink Trends for 2030 

Mintel has announced three key trends that will shape the global food, drink, and foodservice industries over the next 10 years:

  • Change, Incorporated: Successful companies will be those that improve the health of the planet and its population.
  • Smart Diets: Technology will enable consumers to construct hyper-individualised approaches to physical and mental health.
  • High-tech Harvests: Consumer trust in food science and technology will strengthen as these become vital tools to save the food supply.

Expect to see consumers further prioritise plants in their diets, with the planet’s health in mind as much as their own. From beer made from...

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Dec 13 8:22 AM, General News


Mintel: Affluent Brits Flock to Chicken Shops and Restaurants as Sales Increase

Well-heeled Brits are joining the nation’s chicken shop obsession, according to latest research from Mintel. Over the last year alone, the number of affluent Brits visiting chicken outlets and restaurants has shot up from 40% in 2018 to 45% in 2019.

Meanwhile, those who have stable household finances are also now more likely to be enjoying the nation’s chicken shops and restaurants. Almost half (47%) of those describing their financial situation as ‘OK’ visited a chicken shop in 2019, compared to 41% a year earlier. This comes as the chicken segment has seen some worse-off consumers exiting the market. The number of Brits with a challenging financial situation visiting chicken shops dropped from...

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Oct 4 9:15 AM, General News


Mintel: Organic Food and Drink Products Gain Popularity 

According to Mintel Global New Products Database, in the last 10 years, the total number of new food and drink product launches globally with an organic claim has risen from 6% to 10% between August 2009 and July 2019.

Mintel research finds that Europe is leading the way in terms of organic food and drink innovation, with almost a fifth of all food and drink products launched in Europe carrying an organic claim. In the 10 years to July 2019, the number of European food and drink launches with an organic claim has shot up from 9% to 17%, satisfying Europe’s hunger for organics. Current leading innovators include...

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Oct 3 11:28 AM, General News


Mintel: Nearly Three in 10 Americans say Technology is Ruining the Hospitality Industry

Technology plays a prominent role in nearly every aspect of US consumers’ lives and the dining out experience is no exception. But it seems that for some Americans, the spread of mobile, digital and artificial intelligence (AI) technology is unwanted as new research from Mintel reveals that 28% of US consumers agree that technology is ruining hospitality.

However, it may be the fear of the unknown that’s influencing these perceptions as a large minority of Americans have not only never used certain types of technology when dining out, but they are not interested in trying them. For example, two in five consumers have not used and are not interested in trying a restaurant mobile app (44%) or kiosk (40%) to pay. Nearly half (48%) of diners have not used and are not interested in trying...

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Sep 25 8:17 AM, General News




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