Competition in the foodservice industry is always fierce and restaurant chains are constantly jockeying for your business, money and attention in an overcrowded marketplace. However, in 2012 five trends outlined by Mintel Menu Insights will shape how operators appeal to their customers with regional and imported menu options, double-sided menus, customization and time-intensive preparation methods.
Eric Giandelone, foodservice director at Mintel notes the following:
“Our trends are designed to give both restaurant operators and food suppliers a thorough understanding of what’s coming in the foodservice industry. Our trends are based on original consumer research, developments among restaurants and trends observed in other industries. Our goal with these trend predictions isn’t merely to identify what’s going to happen, but to deliver a roadmap on how to take advantage of these trends.”
Here are five trends that will impact the foodservice industry in the coming year:
Consumers are not only more aware of global cuisine, they are also more aware and interested in the regional specialties that define American cuisine. Whether it’s Kansas City or Memphis barbecue, New England Chowder or Low Country grits, more consumers and restaurants are looking at the regions and cities in the US to identify the “Best of” cuisine.
It’s unlikely that consumers are going to start demanding absolutely healthy menus in the near future and even less likely that restaurants are going to solely list these absolutely healthy options. However, consumers want choices, and the Double Sided Menu trend illustrates that choice. Menus will continue to feature widely indulgent options, but will be balanced with healthier, better for you options. Additionally, this goes beyond healthy and indulgent to include premium and value pricing. Operators understand it’s not either or, it’s both, so we’ll continue to see both high priced and low priced options on the same menu.
Consumers expect that their voice will be heard and that their wants and needs will be met. And the surest way to listen to the customer and ensure their needs are met is to give them the ability to control their dining experience. Customized ordering systems will continue to flourish, as will greater flexibility in menu design.
Slow it down
Quick service restaurants are able to drive margins through their standardized efficiencies, but more and more we are seeing fast food restaurants return to more time-intensive preparation methods. As such, items described as “handmade” or “home style” are popping up on restaurant menus as consumers recognize that they want more from their dining experience than efficiency.
For many restaurant chains, growth lies elsewhere, in international markets. And for those companies already with an international presence, menu concepts and product testing is taking place overseas. From there, good ideas are making their way to the US market, as was the case with McDonald’s recent McBites, which first started in Australia before entering the US market. Given the importance of international markets for growth, this is one trend that will continue to growth beyond this year.
For more information about these trends, register here for the webinar on this topic that will be presented by Eric Giandelone and Kathy Hayden, foodservice analysts at Mintel, December 8 at 2 p.m. CST. Or, if you miss the presentation contact the press office (firstname.lastname@example.org) for a copy of the recording and slides.
About Mintel Menu Insights
Mintel’s Menu Insights database tracks flavor, ingredient, marketing and nutritional claims from the 350 largest US chain restaurants and 150 independent restaurants. Our foodservice specialists have access to more than one million items on 2,400 food and drink menus, updated quarterly to track evolving menu trends. We also collect monthly limited time offer and menu additions descriptions. Mintel is a leading global supplier of consumer, product and media intelligence. For nearly 40 years, Mintel has provided insight into key worldwide trends, offering exclusive data and analysis that directly impacts client success. With offices in Chicago, New York, London, Sydney, Shanghai and Tokyo, Mintel has forged a unique reputation as a world-renowned business brand. For more information on Mintel, please visit www.mintel.com.