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   Consumer Foodservice Delivery To Grow 51% By 2021
by Euromonitor International
Posted: Tuesday, October 3, 2017 at 4:04PM EDT

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CHICAGO - Consumer foodservice is forecasted to reach US$3 trillion by 2021 with delivery as the fastest growing channel at 51 percent from 2016 to 2021, according to the latest data from Euromonitor International, a global market research company.

Integrated technologies, better menu offerings and the overall “Experience More” megatrend, where consumers prioritise experiences over things, are impacting global foodservice, and operators need to cater to these shifting consumer preferences.

“Technology is replacing the service elements that defined more traditional restaurants,” says Stephen Dutton, consumer foodservice analyst at Euromonitor International. “Many new restaurant concepts feel they must leverage technology to remain relevant to younger consumers who have grown up in a more tech-enabled environment.”

Consumers want to eat at restaurants with values and causes that matter to them. As a result, more restaurant operators are embracing concepts that offer a holistic dining experience to meet the demand for dining occasions that match consumers’ values.

“Minimising food waste is one of those,” continues Dutton. “No-waste restaurants not only seek to minimise the amount of food that is wasted, but aim to do so in a creative, culinary way that generates excitement and enhances the dining experience.”

In Euromonitor International’s webinar, Michael Schaefer, global lead – food and beverages market research, and Dutton will showcase the most innovative concepts around the world, providing insight into where the global consumer foodservice industry is headed and how formats are evolving.

About Euromonitor International

Euromonitor International is the world’s leading provider for global business intelligence and strategic market analysis. We have more than 40 years of experience publishing international market reports, business reference books and online databases on consumer markets.

Source: Euromonitor International

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