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October 27, 2005
Lines Blur Between Restaurants and Supermarkets as Americans Consume 70 Billion Prepared Meals
As Americans continue to consume mass quantities of prepared meals, the lines between food service providers and retailers have become increasingly complicated to define, according to Foodservice and Retail: The Blurring of the Channels, a new report from market research publisher Packaged Facts, a division of MarketResearch.com.
New York (PRWEB) October 27, 2005 -- As Americans continue to consume mass quantities of prepared meals, the lines between food service providers and retailers have become increasingly complicated to define, according to Foodservice and Retail: The Blurring of the Channels, a new report from market research publisher Packaged Facts, a division of MarketResearch.com.
Although Americans eat 70 billion meals from more than 870,000 foodservice establishments a year, Packaged Facts concludes that takeout sales, which have been growing at 6-8 percent annually, have caused a tremendous shift in the way both retailers and foodservice providers do business. With American households taking out an average of 118 meals per year, up by 64% over 20 years ago, both retail and foodservice providers are scrambling to capitalize on what’s becoming more than a niche market.
“As the trend of co-branding and partnering between retailers and foodservice providers—particularly convenience stores and restaurants—continues to explode, we’ll continue to see an upward swing in the takeout business as consumers find it easier to get restaurant quality foods close to home,” said Don Montuori, the publisher of Packaged Facts. “In this regard, we’ll continue to see the lines between retail and foodservice continue to blur as both sides try to keep their foot in this very lucrative sector of the food market.”
Foodservice and Retail: The Blurring of the Channels examines the undeniable movement between restaurants, supermarkets, and convenience stores as they strive—both independently and together—to win over more takeout customers through better packaging, easier availability, and signature recipe items which keep consumers coming back.
Using a rich source of data on prepared food product sales, foodservice trends, and consumer behavior, Foodservice and Retail: The Blurring of the Channels offers a unique look at the status of the foodservice industry today, from the perspective of where people are going when they “go out to dinner.” Priced at $3000, this report can be purchased directly from Packaged Facts by clicking: http://www.packagedfacts.com/pub/1079667.html. It is also available at MarketResearch.com.
About Packaged Facts
Packaged Facts, a division of MarketResearch.com, publishes research reports on a wide range of consumer industries, including consumer goods and retailing, foods and beverages, and demographics. For more information visit www.PackagedFacts.com, or contact Tom Ehart at 301-468-3650 x250.
Posted by Industrial-Manufacturing at October 27, 2005 05:05 AM