Foodservice Landscape in the U.S.: Chain Limited-Service Restaurants - Tucson News Now

Foodservice Landscape in the U.S.: Chain Limited-Service Restaurants

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SOURCE ReportBuyer

LONDON, June 19, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:

 

Foodservice Landscape in the U.S.: Chain Limited-Service Restaurants

 

http://www.reportbuyer.com/leisure_media/dining/foodservice_landscape_u_s_chain_limited_service_restaurants.html

 

Driven by incremental improvement in macroeconomic drivers, a brighter consumer outlook, aggressive operator menu innovation and LTO experimentation, quick-service (including fast casual) and snack and beverage restaurant sales are on track for moderate growth. But among consumers, price sensitivity is still top of mind: 68% of limited-service restaurant (LSR) users say low price would influence their decision to go to a fast food restaurant and 24% citing it as "most important." Operators, also constrained by highly competitive grocery aisle pricing, will have limited pricing power even while they will continue to face guest traffic challenges into 2014. In an environment in which stealing share remains the key to growth, menu innovation and keeping up with broader consumer trends remains essential.

 

This study analyses the industry and consumer trends shaping this highly competitive environment, focusing on the quick-service, fast casual, and snack and beverage restaurant segments.

 

Key content includes:

 

• Studying the degree to which 26 different factors influence consumers' decisions to go to a "fast food restaurant"" and which are the most important factors in that decision, with accompanying demographic analysis and industry responses/examples.

• Limited-service restaurant menu trending, focusing on menu item penetration by restaurant segment, including depth of menu items, limited-timed offers, mini-size menu items, top proteins, preparation methods, and beverages.

• Guest traffic analysis for quick-service restaurants and snack and beverage restaurants, with daypart and chain vs. independent share, including 2008-2013 QSR guest traffic trending for the segment's key consumer groups, and a strong focus on HH income trending by restaurant brand, including leading LSR beef/burger, chicken, pizza, and fast casual chains.

• How technology trends are shaping the limited-service restaurant industry, with a focus on increasingly mobile consumers and emerging mobile payment technologies.

• Health and wellness trending, including calorie count trends and impact; healthy menu claim trends; clean food trends; kids' menu health; and healthful restaurant concepts to watch. We also present analysis of two consumer groups with divergent views regarding the importance of nutritional value, regular exercise, healthy diet and weight management. We gauge their restaurant, health and diet preferences, and the relationship to their restaurant brand choices.

• Studying the impact of macro-economic drivers on limited-service restaurant industry growth, including an economic forecast through 2014, with supporting macroeconomic analysis; the effect of HH income and employment trends on limited-service restaurants; and the effect of consumer and commodity price trends on limited-service restaurants; with price trends and forecasts.

• A market size and forecast through 2015 for full-service restaurants, limited-service restaurants, cafeteria/buffets and snack/beverage establishments; same-store sales analysis of major brands by limited-service segment; and consumer restaurant spend trending, by segment.

 

The report also provides analysis of leading restaurant brands operating in four limited-service restaurant segments: snack and beverage, quick service, fast casual and cafeteria/buffet. For each brand, we assess competitive differentiation; growth strategy; menu development and trending; consumer food lifestyle consumer segmentation analysis; guest traffic trending, by demographic; and sales performance and outlook.

 

Brands analyzed, by segment, include:

 

• Baskin-Robbins, Dunkin' Donuts, Jamba Juice, Starbucks

• Burger King, Chick-fil-A, KFC, McDonald's, Pizza Hut, Sonic, Wendy's

• Chipotle Mexican Grill and Qdoba

• Old Country Buffet

 

 

Chapter 1: Executive Summary

Report Scope

Share of stomach: limited-service restaurant sales analysis

Limited-service restaurant macroeconomic analysis

Limited-service restaurant industry guest traffic trends

Limited-service restaurant menu trends

Limited-service restaurant health & wellness trends

Limited-service restaurant technology trends

Factors influencing the decision to go to a fast food restaurant

Leading snack and beverage restaurant chains

Leading quick-service restaurant chains

Leading fast casual restaurant chains

Leading limited-service cafeteria/buffet restaurant chains

 

Chapter 2: Share of Stomach Restaurant Sales Analysis

Summary analysis

Market size and forecast

 

Graph 2-1: Restaurant Sales, 2007-2015

 

Graph 2-2: Restaurant Performance Index, 2007-2015

 

 

Restaurant Performance Index trending positive

 

 

Graph 2-3: Restaurant Performance Index, 2007-2013

 

 

 

Same-store sales and guest traffic trends

 

 

Graph 2-4: Restaurant Industry Same-Store Sales and Customer Traffic Trends, 2007-2013

 

 

 

Guest traffic trends

 

 

The National Restaurant Association's take

 

NPD Group's CREST point of view

Table 2-1: Restaurant Industry Guest Traffic Share and Guest Traffic Growth, by Restaurant Segment,2011-2013

 

 

Unit growth

 

Same-store sales trends, by brand and restaurant segment

 

Reading the graphs

 

 

 

Snack and beverage restaurant performance & outlook

 

 

Graph 2-5: Snack & Beverage Restaurant Annual Same-Store Sales Index: 2007-2012, 2007-2009 & 2010-2012

 

 

 

QSR performance & outlook

 

 

Beef/burger

 

Graph 2-6: Quick-Service Burger Restaurant Annual Same-Store Sales Index: 2007-2012, 2007-2009 & 2010-2012

Chicken and Mexican

Graph 2-7: Quick-Service Chicken & Mexican Restaurant Annual Same-Store Sales Index: 2007-2012,

2007-2009 & 2010-2012

Pizza

Graph 2-8: Quick-Service Pizza Restaurant Annual Same-Store Sales Index: 2007-2012, 2007-2009 &

2010-2012

 

 

Fast casual performance & outlook

 

 

Graph 2-9: Fast Casual Restaurant Annual Same-Store Sales Index: 2007-2012, 2007-2009 & 2010-2012

 

 

 

Consumer limited-service restaurant spending trends

 

Food at home versus food away from home

 

Food at home spending accelerates

 

Table 2-2: HH Income & Expenditures, Food, Food at Home, Food Away from Home: 2007-2011 Growth

Table 2-3: HH Income & Expenditures, Food, Food at Home, Food Away from Home: 2007-2011 Share

 

 

Consumer restaurant spending trends

 

 

Limited-service share of spend increases

 

Table 2-4: Consumer Expenditures on Limited-Service and Full-Service Meals and Drinks: 2007-2011 Growth

Table 2-5: Consumer Expenditures on Limited-Service and Full-Service Meals and Drinks: 2007-2011 Share

 

 

Limited-service restaurant spending trends

 

 

Table 2-6: Consumer Expenditures on Limited-Service Meals, Non-Alcoholic Drinks & Alcoholic Drinks: 2007-2011 Growth

 

Table 2-7: Consumer Expenditures on Limited-Service Meals, Non-Alcoholic Drinks & Alcoholic Drinks: 2007-2011 Share

 

 

Limited-service restaurant spending trends, by HH Income

 

 

"Trading down" of consumer household incomes influences LSR spend

 

Graph 2-10: Household Number/Share & Household Limited-Service Restaurant Spend/Share,by HH Income: 2007 v. 2011

Table 2-8: Number of Households & Household Limited-Service Restaurant Spending,by HH Income: 2007 v. 2011

 

 

Limited-service restaurant spending trends: day part analysis

 

 

Table 2-10: Consumer Expenditures on Limited-Service Meals and Non-Alcoholic Drinks,by Daypart: 2007-2011 Growth

 

Table 2-11: Consumer Expenditures on Limited-Service Meals and Non-Alcoholic Drinks,by Daypart: 2007-2011 Share

 

 

Breakfast spend trending by HH income

 

 

Graph 2-11: Household Number/Share & Household Limited-Service Restaurant Breakfast Spend/Share,by HH Income: 2007 v. 2011

 

Table 2-12: Number of Households & Household Limited-Service Restaurant Breakfast Spending,by HH Income: 2007 v. 2011

Lunch spend trending by HH income

Graph 2-12: Household Number/Share & Household Limited-Service Restaurant Lunch Spend/Share,by HH Income: 2007 v. 2011

Table 2-13: Number of Households & Household Limited-Service Restaurant Lunch Spending,by HH Income: 2007 v. 2011

 

 

Dinner spend trending by HH income

 

 

Graph 2-13: Household Number/Share & Household Limited-Service Restaurant Dinner Spend/Share,by HH Income: 2007 v. 2011

 

Table 2-14: Number of Households & Household Limited-Service Restaurant Dinner Spending,by HH Income: 2007 v. 2011

 

 

Snack spend trending by HH income

 

 

Graph 2-14: Household Number/Share & Household Limited-Service Restaurant Snack Spend/Share,by HH Income: 2007 v. 2011

 

Table 2-15: Number of Households & Household Limited-Service Restaurant Snack Spending,by HH Income: 2007 v. 2011

 

 

 

Chapter 3: Limited-Service Restaurant Macroeconomic Analysis

Summary analysis

The Big Picture: Moderate economic growth

Continued gradual rates of improvement expected

 

Graph 3-1: Unemployment, GDP & Inflation Forecast, 2013-2015

 

 

 

Supported by consumer confidence and employment gains

 

 

Graph 3-2: Monthly Unemployment Rate & Consumer Confidence, 2007-2013

 

 

 

Supported by wealth and debt trends

 

Household wealth continues to rebound

 

Wealth bedrocks follow two different paths

 

Stock market doubles in value

Home prices remain depressed but gains noted

Graph 3-3: Wealth Effect: Wilshire 5000 and Case-Shiller Index: 2007-2013

And households see almost 40% gain in real estate value

Graph 3-4: Wealth Effect: Household Net Worth and Mortgage Equity: 2007-2013

 

 

Improving consumer debt picture: total consumer debt down by 12%

 

 

Graph 3-5: Consumer Debt Balance and Its Composition: Q2 2006- Q2 2013

 

Skyrocketing student loan debt; lower credit card and mortgage debt

Table 3-1: Consumer Debt Balance, by Type: Amounts, Share & Year Year-Over-Year Comparisons:Q2 2007- Q2 2013

 

 

How to play continuing economic improvement

 

 

Addressing Millennials challenges

 

 

 

Influence of HH income trends on limited-service restaurants

 

Economic recovery bypasses lower-income restaurant consumer

$150K+ income household growth explodes

Middle class shrinks and low-income group rises

 

Table 3-2: 2009 vs. 2013 HH Income Segment Comparison, by Number of Households &

 

Percentage Change

 

 

Additional context

 

 

Graph 3-6: HH Income Trends, by Income Segment: Number of Households & Percentage Share:July 2006July 2013

 

 

 

Influence of employment trends on limited-service restaurants

 

Rise in the unemployment rate results in lower restaurant engagement

Too many part-time jobs, not enough full-time jobs

 

Reliance on restaurant extreme affordability

 

Graph 3-7: Full-Time, Part-Time & Total Employment: January 2007 - July 2013

Table 3-3: Full-Time, Part-Time & Total Employment: Number, Share & Year Year-Over-Year Comparisons: July 2007- July 2013

 

 

Demographic trouble spots persist

 

 

Trouble areas & restaurant industry ramifications

 

Table 3-4: National Employment Rate, by Demographic, w/ Year Year-Over-Year Comparisons: July 2007- July 2013

 

 

 

Food price outlook

 

 

Ask McDonald's: Food at home index keeps menu pricing in check

 

Graph 3-8: Food at Home vs. Food away from Home Price Trends, 2007-2013

Food at home prices grow at meager rate

Graph 3-9: Food at Home & Alcoholic Beverages at Home, 2007-2013

Limited-service restaurant price increases track overall inflation rate

Graph 3-10: Food & Alcoholic Beverages Away from Home, Full-Service & Limited-Service Meals/Snacks Price Trends, 2007-2013

 

 

Wholesale food and beverage price trends

 

 

Where we've been

 

Table 3-5: Producer Price Index, by Food and Beverage Type, w/ Year-Over-Year Comparisons: 2007-2013

Where we're going

Table 3-6: Livestock, Dairy, and Poultry Price Outlook: 2012-2014

 

 

 

Chapter 4: Limited-Service Restaurant Industry Guest Traffic Trends

Summary analysis

Guest traffic volume and share analysis

 

Quick-service restaurant guest traffic volume

Daypart and chain/independent status

 

Graph 4-1: Quick-Service Restaurant Guest Traffic Share, by Daypart and Chain/Independent Status: 2013

 

 

 

Key demographics

 

 

Table 4-1: Quick-Service Restaurant Guest Traffic Volume Comparisons, by Demographic: 2013

 

 

 

Guest traffic volume: daypart and chain/independent status, by demographic

 

 

Table 4-2: Quick-Service Restaurant Guest Traffic Volume Comparisons by Daypart and Chain Status,by Demographic: 2013

 

 

 

Key demographic guest visit drivers: detailed analysis

 

 

Guest traffic frequency in decline

 

Table 4-3: Limited-Service Restaurant Monthly & High-Frequency Use by LSR Segment: 2008-2013

 

 

18-24s: more economically pressed, but visits are up

 

 

Table 4-4: 2013 Monthly & High-Frequency Use by LSR Segment among 18-24s, w/ 2008-2013 Usage Share Change

 

 

 

Blacks: visits are up, but trading up a looming issue?

 

 

Table 4-5: 2013 Monthly & High-Frequency Use by LSR Segment among Blacks, w/ 2008-201 Usage Share Change

 

 

 

After post-recession growth, Hispanic traffic trends suggest trouble afoot

 

 

Table 4-6: 2013 Monthly & High-Frequency Use by LSR Segment among Hispanics, w/ 2008-2013

 

Usage Share Change

Table 4-7: 2013 Monthly & High-Frequency Use by LSR Segment among <$50K HH Income Consumers, w/ 2008-2013 Usage Share Change

Table 4-8: 2013 Monthly & High-Frequency Use by LSR Segment among <$50K HH Income Consumers w/Kids, w/ 2008-2013 Usage Share Change

 

 

Brand analysis: usage share by HH income

 

 

LSR beef/burger chains a mixed bag

 

Table 4-9: 2013 Limited-Service Beef/Burger Chain Usage Share by HH Income & Percentage Usage,by Restaurant Brand

Chick-fil-A draws a different consumer than other LSR chicken chains?

Table 4-10: 2013 Limited-Service Beef/Burger Chain Usage Share by HH Income & Percentage Usage,by Restaurant Brand

Lower- and middle-income consumers important to pizza chains

Table 4-11: 2013 Limited-Service Pizza Chain Usage Share by HH Income & Percentage Usage,by Restaurant Brand

Fast causal chains continue to be buoyed by higher-income patrons

Table 4-12: 2013 Fast Casual Chain Usage Share by HH Income & Percentage Usage, by Restaurant Brand

 

 

Snack and beverage guest traffic volume

 

 

Daypart and chain/independent status

 

Graph 4-2: Snack and Beverage Guest Traffic Share, by Daypart and Chain/Independent Status: 2013

 

 

 

Chapter 5: Limited-Service Restaurant Menu Trends

Summary analysis

 

Menu depth and variety: Reaching the breaking point?

 

Menu expansion at full throttle

Challenge-and Catch-22

Change in the wind

Table 5-1: Top QSR Burger Restaurants: Number of Items on the Menu, by Restaurant Brand: 2008-2012

 

 

LTOs provide opportunity for indulgent menu offerings

 

 

Regulatory exclusion a driver?

 

Graph 5-1: Quick-Service Restaurant Limited-Time Offer Menu Items: 2008-2012 Growth Trends

 

 

Going "mini" is still big

 

 

Table 5-2: Mini on the QSR Menu: 2010 versus 2012

 

 

 

Healthier proteins used in burgers

 

 

Table 5-3: Quick-Service Restaurant Burger Protein Penetration: 2010 versus 2012

 

 

 

Chicken sandwiches most popular, but pork is gaining traction

 

 

Table 5-4: Quick-Service Restaurant Sandwich Protein Penetration: 2010 versus 2012

 

 

 

Preparation methods suggest transition to premium space

 

 

Table 5-5: Quick-Service Restaurant Preparation Method Penetration: 2010 versus 2012

 

 

 

Growth in BFY beverages

 

 

Table 5-6: Quick-Service Restaurant Nonalcoholic Beverage Penetration: 2010 versus 2012

 

 

 

Chapter 6: Limited-Service Restaurant Health & Wellness Trends

Summary analysis

Health and wellness trends impact restaurant menus

Fast food is called out as contributing to the girth of Americans

 

Will posting calorie counts influence what consumers order?

 

 

 

Healthy menu claims

 

 

The growth of gluten free

 

Table 6-1: Quick-Service Restaurant Healthy Menu Claims: 2010 versus 2012

 

 

Clean food movement

 

Health on the kids' menu

Concepts to watch: Health-focus

 

Energy Kitchen

 

Fresh Griller

Muscle Maker Grill

sweetgreen

Sushi Freak

Veggie Grill

 

 

 

Food Fit Consumers versus Non-Food Fit Consumers

 

Food Fit consumers

Not Food Fit consumers

 

Table 6-2: Food Fit and Not Food Fit Consumer Groups: Demographic Analysis

 

 

 

Food Fit members watch what they eat

 

 

Table 6-3: Food Fit and Not Food Fit Consumer Groups: Fast Food, Calories, and Nutrition Attitudes

 

 

 

Food Fit members over index in fast casual restaurant usage

 

 

Table 6-4: Food Fit and Not Food Fit Consumer Groups: Indexed Usage of Snack & Beverage, QSR,Fast Casual, and Limited-Service Family Restaurants

 

 

Snack and beverage brands align with health or indulgence

 

 

Table 6-5: Food Fit and Not Food Fit Consumer Groups: Indexed Usage of Baskin Robbins, Dunkin' Donuts,Jamba Juice & Starbucks, by Frequency of Use

 

 

 

Wendy's and Chick-fil-A meet the health-indulgent nexus

 

 

Table 6-6: Food Fit and Not Food Fit Consumer Groups: Indexed Usage of Burger King, Chick-fil-A, KFC,McDonald's, Pizza Hut, Sonic and Wendy's, by Frequency of Use

 

 

 

Panera and Chipotle find favor among Food Fit consumers

 

 

Table 6-7: Food Fit and Not Food Fit Consumer Groups: Indexed Usage of Chipotle Mexican Grill,Panera Bread & Qdoba, by Frequency of Use

 

 

 

Chapter 7: Limited-Service Restaurant Technology Trends

Summary analysis

Tech-savvy consumers demand the same from restaurants

Self-service kiosks are viable technology

 

Jamba Juice

 

Sheetz

 

 

Tablet opportunities-the next big thing

 

 

Stacked

 

McAlister's Deli

 

 

Mobile scans are useful in reaching the tech consumer

 

 

Taco Bell

 

The Melt

 

 

Mobile apps allow for mobile payments and more

 

 

Dunkin' Donuts

 

Starbucks

Pilot Flying J Travel Centers

Pizza Hut

 

 

 

Connecting to restaurant users via social media

 

Facebook use by snack & beverage restaurant brand

 

Jamba Juice

 

Starbucks

Table 7-1: Facebook Use in Last 30 Days and 16+ Times per Month, by Snack & Beverage Restaurant Brand

 

 

Facebook use by quick-service restaurant brand

 

 

Panda Express

 

Wingstop

Donatos Pizza

Table 7-2: Facebook Use in Last 30 Days and 16+ Times per Month, by Quick-Service Restaurant Brand

 

 

Facebook use by fast casual restaurant brand

 

 

Einstein Bros. Bagels

 

Chipotle

Table 7-3: Facebook Use in Last 30 Days and 16+ Times per Month, by Fast Casual Restaurant Brand

 

 

Mobile Segmentation Groups

 

Mobile segmentation by snack & beverage restaurant brand

 

Table 7-4: Mobile Segmentation Groups: Use of Snack & Beverage Restaurants, by Brand

 

 

 

Mobile segmentation by quick-service restaurant brand

 

 

Table 7-5: Mobile Segmentation Groups: Use of Quick-Service Restaurants, by Brand

 

 

Mobile segmentation by fast casual restaurant brand

 

 

Table 7-6: Mobile Segmentation Groups: Use of Fast Casual Restaurants, by Brand

 

 

 

Read the full report:

Foodservice Landscape in the U.S.: Chain Limited-Service Restaurants

http://www.reportbuyer.com/leisure_media/dining/foodservice_landscape_u_s_chain_limited_service_restaurants.html

For more information:

Sarah Smith

Research Advisor at Reportbuyer.com

Email: query@reportbuyer.com

Tel: +44 208 816 85 48

Website: www.reportbuyer.com

 

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