Regular readers of
this blog know that grocerant niche mix and match meal
component bundling
is now the cornerstone of retail foodservice success. Mix & Match bundling continues to drive
customer migration from legacy CPG products, restaurants, and grocery stores to
new fresh food products and new avenues of fresh food distribution according to
Tacoma, WA based Foodservice
Solutions®
Grocerant
Guru® Steven Johnson.
Yes, "the new normal" in food retail requires a shift
away from traditional food packaging, points of distribution, and a focus on
fresh prepared food rather that pantry stocking according to Johnson. Meal
components that focus on healthier choices are an invitation Millennials cannot
seem to pass up. .
Our Grocerant Guru® identified, quantified, and qualified the
vital role of portability as a
major driver of the growth of the grocerant niche and subsequently Technomic
revalidated our findings. of the
snacking trend, obvious not only at the drive-thru window, but also with
packaged offerings at convenience stores like 7-Eleven, and at "boutique"
establishments, like Starbucks.
Today traditional mealtimes are less frequent, less important,
less likely than the convenience of fresh prepared meal components that can be
consumed immediately, used later as a mix and match meal components for the
perfect family meal, cocktail compliment, or meal replacement as a small
meal.
New Non-traditional "dayparts" are emerging. This is creating quite a conundrum for legacy
retailers in both the restaurant sector focused on selling complete meals and
legacy grocery stores focused on collecting slotting fees rather than providing
consumers incremental fresh food options.
Recent research by InfoScout looked at 77,820 American
households who provided daily receipts to the company to determine which
off-hour consumers are most apt to head to a restaurant in those times, as well
as the overall percentage of visits made by consumers during off-hour
dayparts and the basket size during those visits and how that compares
with the basket size of traditional mealtimes finding “off-hour meals make up
35 to 48 percent of all trips”.
Food retail has become a battle for share of stomach. The
battle for that share of stomach is taking is between all retailers sell food
including the ilk of: Convenience Stores, Supermarkets, Dollar stores, Drug
stores, Ikea, Liquor stores to name but a few.
In research from CocaCola they found that Millennials average
4.2 meals a day. Clearly Millennials are evolving as food consumers here are
some additional facts from the Coca Cola survey:
1. More than half eat breakfast outside of morning hours.
2. 30 percent replace one
or two meals daily with snacks.
3. 35 percent eat dinner at restaurants offering "happy
hour" deals.
4. 43 percent say they snack more today.
5. Members of the 18-to-24 age group reported they would go to
restaurants more if they stayed open later.
Packaging fresh food meal components
and placing those components in avenues of distribution that are representative
of the products target market is more important now than ever according to the
team at Foodservice Solutions®. Can
your meals be turned into meal components?
Success does leave clues.
Are you trapped doing what you
have always done and doing it the same way?
Interested
in learning how www.FoodserviceSolutions.us can edify your
retail food brand while creating a platform for consumer convenient
meal participation, differentiation and individualization? Email us at: Steve@FoodserviceSolutions.us or visit: www.FoodserviceSolutions.us for more
information.
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