image content here global foodservice trends...global foodservice transactions* in 2016 (millions)...
TRANSCRIPT
![Page 1: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/1.jpg)
© 2017 | Global Foodservice Trends
image content here
Global Foodservice Trends
Jack MacIntyre, Lead Analyst
GD Webinars | [September] 2017
![Page 2: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/2.jpg)
© 2017 | Global Foodservice Trends
About GlobalData
Consumer trends in foodservice
Key challenges in foodservice
Conclusions
Agenda
1
2
3
4
2
![Page 3: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/3.jpg)
© 2017 | Global Foodservice Trends
About GlobalData
Consumer trends in foodservice
Key challenges in foodservice
Conclusions
Agenda
1
2
3
4
3
![Page 4: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/4.jpg)
© 2017 | Global Foodservice Trends
GlobalData provides a range of ways that clients can access our data and insights to meet their individual business needs:
• Intelligence Center • Consulting Services • Reports
• Market Intelligence • Product Strategy Management • Competitive Intelligence • Strategic Planning • Marketing • Channel and Sales Management
We empower clients to decode the uncertain future they face by providing:
• Unique data • Expert analysis • Innovative solutions • One platform
Our services cover five primary industries:
• Consumer • Retail • Technology • Healthcare • Financial Services
4,000 of the world’s largest companies make better and more timely decisions thanks to our unique data, expert analysis and innovative solutions delivered through a single platform
Our Solutions
Our Value Proposition
Our Expertise
Our Industry Coverage
About GlobalData 4
![Page 5: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/5.jpg)
© 2017 | Global Foodservice Trends
5 GlobalData foodservice Intelligence Center
Data, Analysis, Opinion and Insight
Company Profiles
Country Reports
Market Intelligence
Menu Intelligence
Tender Tracker
Opinion Leader
Across 51 Global Markets
![Page 6: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/6.jpg)
© 2017 | Global Foodservice Trends
6 GlobalData foodservice coverage
Coverage of 51 markets, accounting for >90% of global GDP
![Page 7: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/7.jpg)
© 2017 | Global Foodservice Trends
7 GlobalData foodservice market sizing
Synthesis of research inputs
to arrive at a consensus
number
Consumer survey research 500,000 consumer surveys per year
Industry executive interviews 2,000 interviews of leading executives per year
Key Opinion Leaders Social media trend analysis
On-the-ground research Research of local market-specific information
Cost sector relationships Developed through specialist industry magazines
Menu Research Menu intelligence tracking tool
![Page 8: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/8.jpg)
© 2017 | Global Foodservice Trends
About GlobalData
Consumer trends in foodservice
Key challenges in foodservice
Conclusions
Agenda
1
2
3
4
8
![Page 9: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/9.jpg)
© 2017 | Global Foodservice Trends
9 Foodservice fast facts
7%
13%
of consumers eat out-of-home 2-3 times per day
of all eating occasions are now out-of-home
>25% of consumers eat out-of-home at least once per week
![Page 10: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/10.jpg)
© 2017 | Global Foodservice Trends
10 Foodservice spend by region – 2016
![Page 11: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/11.jpg)
© 2017 | Global Foodservice Trends
11 Foodservice spend by region – 2016
Total spend on foodservice in 2016 equals $3.8 trillion
North America
$720bn
West Europe
$715bn
East Europe
$156bn Asia
$1.8tn
Australasia
$60bn
South America
$249bn
Middle East & Africa
$92bn
![Page 12: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/12.jpg)
© 2017 | Global Foodservice Trends
12 Foodservice spend by region – 2016
*CAGR refers to CAGR in local currencies (LCU)
…resulting in a global foodservice market worth
$4.7 trillion in 2021
Total spend on foodservice in 2016 equals $3.8 trillion…
…with this set to continue growing at a CAGR of +4.4%*
over the next five years…
![Page 13: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/13.jpg)
© 2017 | Global Foodservice Trends
13 Key consumer trends – health as the most important factor?
‘Healthy indulgence’
A blending of the two concepts… if only ‘for
show’
‘Health’ or ‘indulgence’
Mutual exclusivity of
these two benefits
![Page 14: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/14.jpg)
© 2017 | Global Foodservice Trends
14 Key consumer trends – or what about convenience?
Ultra-convenience
Operators
re-doubling efforts to fit into consumers’
lives
Convenience
A consumer purchase driver in itself in busy, ‘on-the-go’
markets
![Page 15: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/15.jpg)
© 2017 | Global Foodservice Trends
15 Key consumer trends – is price everything?
Value proposition
Discerning consumers more willing to spend
if convinced
Cheapness
Heavy cost-focus, especially outside of
FSR
![Page 16: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/16.jpg)
© 2017 | Global Foodservice Trends
16 Key consumer trends – horses for courses?
Convergence
Everyone offering everything, better
Specialization
Operators known for their core products
![Page 17: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/17.jpg)
© 2017 | Global Foodservice Trends
17 Key consumer trends – consumers ‘liking what they like’?
Experimentation
Consumer confidence breeding a shift to trying new cuisines
Customisation
Consumers having input into their meals
Caution
Sticking with ‘what we know’ through times of austerity
Trust
Trusting that the operator knows best
![Page 18: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/18.jpg)
© 2017 | Global Foodservice Trends
About GlobalData
Consumer trends in foodservice
Key challenges in foodservice
Conclusions
Agenda
1
2
3
4
18
![Page 19: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/19.jpg)
© 2017 | Global Foodservice Trends
19 Key challenges in foodservice
Differentiation
Experimentation
Operational issues
Customization/Premiumisation
Future trends
Understanding consumers
Encouraging adventure
Growth of transactions vs. outlets
The evolution of the burger
Social media/menu snapshot
![Page 20: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/20.jpg)
© 2017 | Global Foodservice Trends
20 Differentiation
17%
23%
40% 40% 44%
0% 3%
8% 12%
16%
Mexican Thai Chinese Greek Italian
Which cuisine would you like to eat more often?
Which cuisine did you eat?
*Data is for Germany
![Page 21: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/21.jpg)
© 2017 | Global Foodservice Trends
21 Differentiation
• Moving beyond ‘American’ options and towards experimentation and quality.
• Easy and efficient service
• Fresh ingredients and transparent, open kitchens
• Tapping into the headroom for more Italian cuisine in Germany
![Page 22: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/22.jpg)
© 2017 | Global Foodservice Trends
22 Experimentation
“I’m often more adventurous and willing to try new things when I eat out” % consumers who ‘agree’ or ‘strongly agree’
76%
58% 56% 54% 53% 52% 51% 51% 50% 49% 49% 48% 48% 46% 45% 42% 40%
36% 36% 34%
27%
![Page 23: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/23.jpg)
© 2017 | Global Foodservice Trends
23 Operational issues
2016 CAGR 2016-2021
Global Outlets 16,798,083 1.3%
Global Transactions 516,525,880 2.5%
*Data refers to profit sector only
Operators will need to deal with transactions outgrowing outlet expansion, in a climate of ever-increasing ‘ultra-convenience’
![Page 24: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/24.jpg)
© 2017 | Global Foodservice Trends
24 Operational issues
![Page 25: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/25.jpg)
© 2017 | Global Foodservice Trends
25 Operational issues
![Page 26: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/26.jpg)
© 2017 | Global Foodservice Trends
26 Operational issues
Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021
Delivery is small in a global context, but is set to grow twice as fast as other occasions
*Data refers to profit sector only
19,255
124,078
373,193
050,000100,000150,000200,000250,000300,000350,000400,000
Delivery
Collection
Dine in
4.2%
2.4%
2.4%
0.0% 1.0% 2.0% 3.0% 4.0% 5.0%
![Page 27: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/27.jpg)
© 2017 | Global Foodservice Trends
27 Customisation/Premiumisation
Global menu penetration of burgers is 27%
North America
31%
Europe
36% Asia
6%
Australasia
13%
South America
15%
Middle East & Africa
38%
![Page 28: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/28.jpg)
© 2017 | Global Foodservice Trends
28 Customization/Premiumisation
• 250,000 possible combinations of burgers.
• Customisable beverages.
• Highly differentiated, even with simple offerings on the face of it.
• Fast food with ‘experience’ – consumers have an input into their food and drink.
![Page 29: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/29.jpg)
© 2017 | Global Foodservice Trends
29 Future trends
Top 10 Restaurant Cuisines by Menu Item Share – Menu Intelligence Database
Italian
American
Indian
Chinese
Turkish
Japanese
British
Thai
Mexican
European
Standard Italian, American, Indian and Chinese fare dominates global menus
![Page 30: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/30.jpg)
© 2017 | Global Foodservice Trends
30 Future trends
But food from Korea, Peru, Vietnam, Thailand and Greece is growing in importance in influencers’ social media posts
![Page 31: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/31.jpg)
© 2017 | Global Foodservice Trends
About GlobalData
Consumer trends in foodservice
Key challenges in foodservice
Conclusions
Agenda
1
2
3
4
31
![Page 32: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/32.jpg)
© 2017 | Global Foodservice Trends
Conclusions 32
• Foodservice is lucrative, and growing
• Consumers are ready for more choice and experimentation
• The value proposition is more important than the price
• Health and indulgence do not have to be mutually exclusive
• Convergence emphasises the need for differentiation
• Simple concepts done well can work
• The future looks to lie in more ‘niche’ cuisine
![Page 33: image content here Global Foodservice Trends...Global foodservice transactions* in 2016 (millions) Global foodservice transactions CAGR 2016-2021 Delivery is small in a global context,](https://reader034.vdocuments.site/reader034/viewer/2022042419/5f35c1441594e05a340245b0/html5/thumbnails/33.jpg)
© 2017 | Global Foodservice Trends
www.globaldata.com/consumer
Get in touch
https://twitter.com/consumer_gd
+4420 78324573
www.linkedin.com/company/globaldataconsumer
33