In recent years, Consumer Foodservice overall had an industry growth from 2016’s $542.7 billion USD to a value of $560.2 billion USD in 2017. In this article, we examine the top 5 consumer foodservices by type in the U.S. and the various smart innovations that are launching the industry forward.
Top 5 Consumer Foodservices by Type in the US (2017)
|Chained Consumer Foodservice||298.7|
|Independent Consumer Foodservice||261.5|
|100% Home Delivery/Takeaway||24.6|
Source: Euromonitor International
Note: Value Data Type – Foodservice Value RSP
Ghost and Virtual Restaurants To Redefine Location Expectations
Ghost restaurants are physical restaurants, but are focused on the burgeoning delivery market. One Red Robin Chicago location makes deliveries itself when requests are nearby, whilst deliveries further out are completed by third party delivery platforms.
Restaurants in Grocery Stores To Attract Millennials
One foodservice trend in 2017 was restaurants inside grocery stores. These may or may not be extensions of a grocery store, with some being located inside, and others adjacent to stores. The concept looks to exploit potential synergies. Grocery stores such as Whole Foods and Hy-Vee demonstrate what can be done with their products, whilst providing pleasant experiences.
Barnes & Noble Offers Coffee To Bring in Booklovers
Barnes & Noble is normally not connected with consumer foodservice; however, the book retailer is now a player in the coffee space. In fact, café sales have become a significant share of the company’s revenue, with recent positive results. The idea of coffee shops inside its stores makes sense, given the synergies in the market. Furthermore, coupled with the smaller store concepts offered by the company, it seems in line with Amazon’s strategy for physical bookstores.