Trends in the foodservice industry include the introduction of new flavors, customizable menu items and the use of mobile technologies. Sustainable and locally sourced foods are also playing a larger role, according to Forbes magazine.Continue Reading
Diner tastes are growing more sophisticated than they were in the past. This is especially true for Millennial diners, who flock to try interesting and exotic flavors. Many restaurants and food companies are responding by adding new twists to classic dishes, bringing foreign flavors into the mix and experimenting with different vegetables such as kohlrabi and celery root.
Mobile technologies are playing a growing role in the foodservice industry. Many restaurants have introduced applications that offer payment options and engage customers. The introduction of mobile technologies also allows more room for customization. The ordering system on applications and websites makes it easier to tweak menus and make customized requests.
As customers grow more conscious of the impact of the foodservice industry, local and sustainable menu items are becoming more popular. Many customers are attracted to regional produce and local beers. They are also growing more concerned of the working conditions of foodservice employees and the environmental impact of foods.
The way customers prefer to dine is generally changing. Traditional sit-down restaurants and fast food restaurants are both experiencing declines, while "fast casual" restaurants are experiencing an upswing. Restaurants such as Chipotle that offer slightly higher quality than traditional fast food restaurants are more successful in the market. Other trends, such as food delivery and vending machines, are also on the rise.
Although there is a lot of focus on attracting Millennial diners within the industry, focus on the next generation is also growing, according to Entrepreneur. The upcoming generation is growing older and making their own dining choices.Learn more about Financial Planning