Foodservice Solutions® Grocerant Guru® Steven Johnson predicts that
2022 will be a record year of chain restaurant discontinuity. Specifically,
with more chain restaurant closing stores and fewer total chain restaurants
open entering 2023.
Regular readers of
this blog know that back in the day (2005) the team at Foodservice Solutions® released
a White Paper Restaurant
Consumer Discontinuity; we noted consumer migration from the restaurant
sector. Consumers moved as their preference for meals eaten in
restaurants waned and they migrated too fresh prepared meals bought and eaten
at home. The undercurrents of consumer migration from Eating-Out to
Eating-In (at home) is even strong today according to Johnson.
The main driver of this change is consumers desire to Mix and Match meal components into a perfect family meal. This has been going on for a long time now. In fact, consumers purchased 8 billion fast food combo meals in the year ended January 2012, down more than 12 percent from the 9 billion sold in the same period five years earlier, and that trend is continuing. Consumers are dynamic not static. Digital ordering and delivery has grown 300% faster than dine-in traffic since 2014.
In a Battle for Share of Stomach
You Can Win
1. Recent Grocerant ScoreCards found 82.3% of consumers don’t know what’s for dinner at Noon, and 61.1 don’t know what’ s for dinner at 4PM %.
66% of consumers purchase prepared food items from a retail location at least
three times a month.
all dinners have at least 1 grocerant niche Ready-2-Eat and Heat-N-Eat meal
component and 68.4% have two meal components.
asked if they wanted to cook dinner from scratch or assemble dinner from fresh
meal components 90.4 % of Gen Z chose assemble from Fresh Prepared Meal
Components and Millennials 82.7% chose meal components.
percent of retail prepared food purchases are taken to go
food purchases are frequently a planned purchase among 59% of shoppers,
while 41% of shoppers said they buy prepared foods on impulse. Dinner has
the highest amount of prepared food buys with 79% of respondents making
purchases for that meal, while lunch comes in at 77% and breakfast at 62%.
of consumers would like to try autonomous EV delivery
Regular readers of
this blog know we regularly documented that, consumers like to mix and match
meal components. Mix and match meal bundling is a benchmark for success within
the grocerant niche.
documented how grocery stores are now doing a great job at offering
‘better-for-you’ side dishes empowering consumers
to buy fresh prepared sides from the ‘service deli’ rather than at a
restaurant. The intended consequence consumers are buying more
entrees as well. Consumers are dynamic not static is your branded
food solutions static or dynamic?
Meal time is now
becoming a time of convenient meal participation, with differentiation
and individualization for the entire family. The ability of the
retailer to empower consumer choice within a bundled offering creates an additional
platform for success. Do you want to understand how to empower that choice? Are
you willing to empower customer migration back you your brand?
Foodservice Solutions® specializes in
outsourced business development. We can help you identify, quantify and qualify
additional food retail segment opportunities. Foodservice
Solutions® of Tacoma WA is the global leader in the Grocerant niche
visit Facebook.com/Steven Johnson, Linkedin.com/in/grocerant or twitter.com/grocerant