Convenience Store Decisions, September 2018
QuickBites MEATY TREND Korean BBQ K BBQ is a growing trend in the U S Pounds of K BBQ sauce shipped from broadline foodservice distributors to U S independent and micro chain 3 19 units restaurants increased by 120 last year and continues to grow K BBQ can be sweet and sour or sweet and savory and lends itself to a variety of foods from burgers and jerky to tacos Source NPD Group 2018 at a Glance 16 of the U S population Ages 13 24 52 million Americans Over 500 billion in buying power which is comparable to the GDP of several countries including Belgium Poland Sweden Thailand and Venezuela Source Packaged Facts Looking Ahead to Gen Z Demographic Patterns and Spending Trends TEA TIME The following international tea trends are expected to help drive growth in the U S tea market from 8 billion in 2017 to 10 billion by 2022 Matcha Tea Popular in China and Japan matcha is a highly nutritional form of green tea Moringa Tea Origins rooted in India and made from the leaves of the moringa oleifera tree that is rich in antioxidants Sencha Tea Variety of green tea considered the most popular tea in Japan where it originates Mizudashi Cold Pressed Tea Process The adoption of the cold brewed process in the ready to drink coffee category has begun spreading to the tea category Source Packaged Facts in the report U S Beverage Market Outlook 2018 Age Old Differences Millennials aged 24 41 and adult iGeneration aged 18 23 consumers are driving the usage of both mobile banking apps and digital payments Younger generation members with bank accounts are likely to use banking apps 85 of adult iGens 82 of Millennials Younger generations are also more likely to make digital payments online or via mobile apps 60 adult iGens 61 Millennials 20 baby boomers aged 54 72 Source Mintels Retail Banking and Credit Unions US 2018 report HOME COOKING Last year over 80 of meals in America were prepared and eaten in the home Foodservice spending was up 2 due to the rising cost of a meal in the year ending May 2018 but foodservice visits were fl at in the period compared to year ago Americans look to foodservice for a shortcut when making meals at home A growing number of in home meals are a combination of prepared dishes and items purchased ready to eat from a foodservice establishment Almost 50 of dinners purchased from a restaurant are consumed at home Source NPD Group Future of Dinner study 2018 16 Convenience Store Decisions September 2018 cstoredecisions com
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