Consumer Trends
Consumer trends, insights and preferences
Consumer Trends
3 summer travel trends to plan for
Here are a few important predictions for how, when and where people will spend their vacation dollars.
Consumer Trends
Technomic forecasts the Top 10 menu trends of 2016
With 2015 coming to a close, Technomic has identified the 10 trends likely to shape menus next year. Here is what the Chicago researcher has identified.
Three-quarters of Hispanic diners order food from restaurants at least once a week, compared to two-thirds of consumers overall. Read on to find out about the changing preferences of this growing demographic, a topic that will get a deeper dive at our Restaurant Trends & Directions Conference in Chicago this July.
Consumer Trends
Restaurant traffic to increase at a slower rate than U.S. population over the next decade
Although the industry is slowly showing improvements after being hard hit by the recession, there remains cause for concern. According to NPD, a leading market research company, restaurants are expected to grow by only 1 percent a year while the country’s population will grow by 1.1 percent per year over the next decade.
Purchasers of gourmet food products may make some concessions to stay within budget, but they are not wiling to compromise on sophisticated taste—they are merely finding more wallet-friendly ways to indulge. That was the major finding reported in Packaged Facts’ Gourmet, Specialty and Premium Foods, Beverages and Consumer Trends in the U.S., 8th Edition.