Restaurant chains
have been trying to attract both Millennial and Generation Z consumers as they
are the current base customer and future growth driver according to Steven
Johnson, Grocerant Guru® at Tacoma, WA based
Foodservice Solutions®.
Restaurants need
to understand that both millennial and Gen Z consumers are more likely to
search for meals, menus, snacks online, via mobile devise; then use mobile pay.
One problem is driving the incremental add on snacking item to the order to
increase ticket size and profitability.
New research from
Euromonitor
International have that found consumers are making fewer unplanned, impulse
snack purchases in the last five years because of the shift to e-commerce. While
Online grocery
sales are forecast to reach $100 billion by as early as 2022, and 70% of
shoppers will at least occasionally shop for groceries online by that
time, according to the Food Marketing
Institute and Nielsen.
The fact is consumers
still like snacks. According to market research firm IRI, sales in snacking rose to
$89 billion in 2016, posting an annual growth rate of 3%. Nielsen found the
growth has not been confined to just one area, with all individual snacking
categories posting sales increases — led by bars, jerky, cookies and
crackers — from 2013 to 2016. In fact, for younger generations, snacking has
begun to replace the three-square-meals-a-day model. Grocerant niche mix &
match bundling is a key solution to garnering incremental snaking daypart
sales.
According to a
report from Packaged Facts,
members of Gen Z are more likely than millennials to snack between meals and
prepare simple meals when they slow down enough to do so.
Millennials think
of small meals = snacks they are looking for more sustenance and a way to
nourish the body, as evidenced by the rising demand for organic, plant-based
and natural foods without additives.
It’s at that
intersection that grocerant niche mix & match meal bundling that you can
find your solution to building top line sales and bottom line profits according
to Johnson. Understanding the challenge and beginning to invest more heavily in
multi-meal dayparts on your digital platform is a success clues few should
forget.
Are
you looking for a new partnership to drive sales? Are you ready for some fresh
ideations? Do your food marketing tactics look more like yesterday that
tomorrow? Visit GrocerantGuru.com for more information
or contact: Steve@FoodserviceSolutions.us Remember success
does leave clues and we just may have the clue you need to propel your
continued success.
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