The rise of the “hermit consumer” continues to stall foodservice recovery in 2024, says GlobalData
A new type of consumer has emerged from the post-pandemic recovery. Referred to as the “hermit consumer”, they are staying in more and going out...
A new type of consumer has emerged from the post-pandemic recovery. Referred to as the “hermit consumer”, they are staying in more and going out...
With a burgeoning population and an ever-increasing demand for food, the Asia-Pacific (APAC) region faces a critical challenge in the foodservice sector – how to...
New Zealand’s foodservice profit sector is forecast to grow at a compound annual growth rate (CAGR) of 6.8% from NZD12.8 billion ($8.1 billion) in 2022...
The Philippines’ foodservice profit sector is set to grow at a compound annual growth rate (CAGR) of 13.7% from PHP568.8 billion ($10.4 billion) in 2022...
Japanese kaintenzushi restaurant chains are focusing on geographical diversification to sustain growth and improve profitability. With demand falling in the domestic market due to rising...
Meeting consumer expectations for ethical, ‘green’ offerings while maintaining reasonable costs will be a notable challenge for restaurants in launching vegan menus this year, opines...
Following Chipotle’s overweight stock rating by Wells Fargo; Ramsey Baghdadi, Foodservice Analyst at GlobalData, a leading data and analytics company, offers his view: “Chipotle has proactively engaged...
Plagued by consecutive challenges over the last few years, from COVID-19 to rising inflation, understanding and micro-targeting key demographics is fast becoming a significant investment...
Following announcements that FIFA will ban the sale of alcoholic beverages from World Cup Qatar 2022; Ramsey Baghdadi, Foodservice Analyst at GlobalData, a leading data and...
Following the news that UK-based delivery aggregator Deliveroo is withdrawing from Australia after just seven years due to touch economic conditions; Hannah Cleland, Foodservice Analyst at...
In recent weeks, restaurant chains and pubs have separately come under fire for 'bottomless' alcoholic drinks promotions, showing it is time hospitality brands look elsewhere for...
Japan has reopened its borders and lifted entry restrictions for international tourists starting from 11 October 2022, after a gap of 2.5 years, as the...
Malaysia’s foodservice profit sector will grow at a compound annual growth rate (CAGR) of 8.9% from MYR62.9 billion ($15.2 billion) in 2021 to MYR96.1 billion...
Following new price increase announcements from Costa Coffee Express machines across the UK; Ramsey Baghdadi, Foodservice Analyst at GlobalData, a leading data and analytics company, offers...
Retail-restaurant partnerships that see restaurants situated in retail or grocery stores are not a new thing but could increase in popularity as the foodservice sector...
The Philippine foodservice profit sector is set to grow at a compound annual growth rate (CAGR) of 17.5% from PHP451.1 billion ($9.2 billion) in 2021...
The UK Government’s strong macroeconomic policies and grants to help businesses, which were severely impacted by COVID-19, will help the country’s foodservice profit sector to...
China’s foodservice profit sector is set to grow at a compound annual growth rate (CAGR) of 2.6% from CNY6,110.6 billion ($947.5 billion) in 2021 to...
Domino’s Italian franchisee, EPizza, filed for bankruptcy in July 2022, effectively ending the company’s pursuit to expand its presence in the country. GlobalData notes that...
Household vinegar brand Sarson’s #SarsonsFryday initiative, which gives consumers supporting their local chippies the chance to win free fish and chips, is a reminder to...
Price inflation has affected all areas of the foodservice value chain, from raw material prices to the final menu product. This has put significant pressure...
Following the news that The Indian Goods and Services Tax (GST) Council has levied a 12% tax on small hotels and accommodation facilities charging room...
Tata Starbucks Private Limited (Starbucks), the Indian joint venture of Starbucks with Tata Consumer Products, is revamping its menu with affordable and localized offerings to...
Following the news that UK inflation has hit a 40-year high; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “In...
Following new menu item announcements from Burger King and McDonald’s to celebrate Queen Elizabeth II’s Platinum Jubilee; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data...
Following Starbucks and McDonald’s announcement that it will end all of its operations and branding in Russia; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data...
Following McDonald’s announcement that it will end all of its operations and branding in Russia; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics...
Following today’s news that Greggs’ sales are up 27% in the first 19 weeks of 2022, but warns of cost pressures increasing for the rest...
Following the release of the report of McDonald’s Q1 2022 results; Ramsey Baghdadi, Foodservice Analyst at GlobalData, a leading data and analytics company, offers his view: “Although...
Canada-based multinational fast food restaurant chain Tim Hortons Inc. plans to debut in India by the middle of 2022, where competitors including Starbucks have gained...
Indian food aggregator Zomato announced merger with e-grocer Blinkit, (formerly Grofers India Pvt. Ltd.), subject to approval from the Competition Commission of India, in March...
The COVID-19 pandemic has changed the way consumers view food as there is an increased focus on healthy and nutritional ingredients and products, which has...
Following calls from international brands to pull out of Russia due to the Ukraine invasion; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics...
Following today’s trading update from Yum! Brands which revealed that the group enjoyed a 9% sales growth in Q4 2021, with a notable $6 billion...
Following the FY 2021 financial announcement from McDonald’s; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “McDonald’s has done well...
McDonald's Holdings Company announced that its outlets across Japan will suspend the sales of hash browns, and continue rationing French fries through January 2022. The...
Following the news that the Resolution Foundation think tank revealed that rising UK salaries will not be enough due to rising costs of living; Ramsey Baghdadi,...
Following today’s news (16 December) that UK Omicron variant cases are skyrocketing; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his...
COVID-19 has provided an opportunity for hyperlocal food-delivery service providers to diversify their operations to boost revenues and make their business more resilient to the...
COVID-19 pandemic and its prolonged impact have led to the fast-tracking of robotics and automation technologies’ implementation in the Asia-Pacific (APAC) foodservice sector. These automated...
Besides being one of the fast-emerging vegan markets, Australia also has one of the world’s highest per-capita meat consumption rates, thereby making a compelling case...
Indian food service operators and food aggregators have been at loggerheads for years over the latter’s commissions, lack of data sharing and policy changes. Even...
US fast food restaurants have fared better than other restaurant types during the pandemic by effectively embracing digital technology such as online ordering for home...
The UK restaurant sector suffered heavy losses due to the pandemic, with the market value falling by 43% in 2020 to £18.2bn – a whopping...
Following today’s news (28 July) that McDonald’s Q2 earnings have risen from the last report, showcasing levels of growth throughout the company; Khadija Begum, Consumer Analyst...
Fast food giant McDonald's has recently launched a unique collection of ‘Minions’ toys with 36 different designs across the North and East India restaurants to...
Australian restaurant chain Betty’s Burgers is emerging as a new growth engine for holding company Retail Zoo. The brand is now expanding its footprint, taking...
New Zealand’s foodservice profit sector is forecast to grow strongly from NZ$8.3bn (US$5.8bn) in 2020 to NZ$12.1bn (US$8.8bn) in 2025 at a compound annual growth...
The Philippines’s foodservice profit sector is projected to recover strongly at a compound annual growth rate (CAGR) of 11.6% from ₱578.1bn (US$10.8bn) in 2020 to...
Malaysia’s foodservice profit sector is forecast to recover strongly and grow from RM64.9bn (US$16 bn) in 2020 to RM109.08bn (US$27.08bn) in 2025 at a compound...
Indian foodservice profit sector is forecast to grow strongly at a compound annual growth rate (CAGR) of 15.5% from INR8,366.6bn (US$117.5bn) in 2020 to INR17,220.3bn...
Australia’s foodservice profit sector is expected to register a noticeable growth, reaching A$88.7bn (US$65.7bn) in 2025 from A$57bn (US$39.6bn) in 2020 at a compound annual...
Following today’s news that US-based group, Platinum, pulled out of a deal with British suburban pub chain, Marston’s; Jim Toy, Consumer Analyst at GlobalData, a leading...
April will see the furlough scheme come to an end and allow customer-facing outlets such as cafés, restaurants, and pubs to reopen. While this may seem...
Foodservice outlets that relied on the sales boost from cinema promotions let out a sigh of relief as lockdown measures loosened in the UK and...
Following today’s news (Wednesday 7 October) that McDonald’s has released new bakery items for the first time in almost a decade; Carmen Bryan, Consumer Analyst at...
Following today’s news (Tuesday 29 September) that bakery chain Greggs faces possible job cuts following the end to the furlough scheme; Chloe Stephenson, Consumer Analyst at...
Just Eat’s decision to classify staff as full-time employees will see a reduction in the gig economy space in the UK. While insurtechs that have...
KFC permanently added the plant-based Lightlife plant-based chicken sandwich to its menu in Canadian outlets after an extremely positive pilot scheme. Tasty ‘meatlike’ vegetarian options...
Despite seeing losses in revenue, foodservice outlets have reported that deliveries in several markets are growing. Market leader McDonald’s effectively doubled its deliveries in Australia,...
As high streets in the UK are re-opening, consumers who have been missing their favorite chains such as Starbucks and McDonald’s got the good news...
· US foodservice revenues expected to fall by over 35%, from $760bn in 2019 to $490bn in 2020 with full recovery not anticipated until after...
Following the UK Government’s guidance that foodservice outlets keep a temporary record of visitors for a period of 21 days, the country’s foodservice businesses are...
The re-opening of British pubs this month was a welcome respite for many operators, as the industry is forecast a staggering £10.1bn loss by the...
Nestlé’s direct-to-consumer sales strategy, beginning in Spain this week, could be an opportunity for the brand to profit from lockdown and pre-empt future market disruptions,...
Following the news that Starbucks and McDonald’s has promised price reductions after the UK Government’s announcement to cut VAT in the hospitality industry from 20%...
LONDON, July 13, 2020 /PRNewswire/ -- Lockdown has created a work-from-home-revolution and with almost a third (*31%) of global consumers confirming that they do not plan to...
The UKs nightlife is forecast an alarming £10bn loss by the end of 2020* as a result of COVID-19 lockdowns. For this reason, July 4th,...
Greggs recently announced that it plans to reopen 800 stores across the UK for takeaway orders by June 18. While this news will surely have...
Due to the rapid progression of COVID-19, coffee sales are expected to witness drastic decline globally, with North America and Eastern Europe being the worst-hit...
Whether you enjoyed the drive-thru at McDonald’s or sitting down at a neighborhood bistro, the experience plays a big part in the foodservice industry. However,...
Following today’s news (Friday 22 May) that British billionaire Ranjit Singh Boparan bought the Carluccio’s brand of restaurants, along with 31 other outlets; Hakan Demirci, Consumer...
COVID-19 has disrupted the global foodservice industry like no other crisis, with businesses small and large scrambling to pull together their resources and adapt their...
Consumers are highly concerned about the possibility of being exposed to Covid-19 and its impact on their health and lifestyle. In line with this, changes...
A focused expansion strategy, prudent pricing plan and menu strategy have helped fast food chain Burger King India to register a 66% growth in sales...