Blog: Globally, consumers are dining out again, says NPD Group
Dean Best | 17 November 2015
Researchers at US-based The NPD Group have expressed optimism in the prospects for the foodservice sector after analysing sales data in 11 markets this summer.
The NPD Group tracks sales in North America, Europe, Russia, China, Japan and Australia - and it claimed "the sun shined" on the global foodservice market in recent months.
Traffic and the size of the average bill went up in China, Germany, the UK, the US and Australia, The NPD Group said (incidentally the latter market was of course in its winter months).
The analysts said morning meals and snacks were driving growth, which will be of note to a number of manufacturers eyeing the sector.
Not each data point from the stats made for positive reading. The markets where traffic and bill size went up numbered five out of The NPD Group's set of 11. Canada saw its second quarter of decline in traffic.
While visits to quick service outlets were up or flat in most countries (apart from Japan, where the channel does not dominate foodservice, The NPD Group says), it was a more mixed picture for full-service restaurants. Visits to these outlets declined in Australia, Canada, China, and the US.
Nevertheless, Bob O'Brien, senior vice president for global foodservice at The NPD Group, said: "Optimism, although cautious, abounds throughout the global foodservice market after a mostly growing or stable summer quarter. There are still some shaky economies but, overall, consumers around the world appear ready and willing to dine out again."
Japan's Kewpie Corp. is acquiring Polish food maker Mosso Kwasniewscy as part of its overseas expansion efforts....
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
Shares in Tyson Foods slumped on Friday, closing down almost 9% after an analyst claimed a lawsuit facing the company could hit the US meat titan....
- Analysis: Tyson's shrewd investment in Beyond Meat
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Focus: Thai demographics drive health categories
- Interview: Some Foods on rise of low-FODMAP market
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Nestle lowers outlook on "softer environment"
- China milk powder arrests prompt Fonterra "review"
- Unilever in continuing price spat with Musgrave
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review