In the realm of culinary culture, the American appetite is ever-changing. From home-cooked meals to dining out, our preferences shape not only our food choices but also the economy. Recent data reveals a notable shift in consumer behavior: U.S. consumers now allocate only 30% of their monthly food budgets to restaurants, down from 40% just two years ago. Check out this article from Nation's Restaurant News discussing how U.S. consumers are allocating a smaller portion of their food budgets to restaurants as the landscape of the food industry continues to evolve. While economic factors, health consciousness, and changing social norms contribute to this shift, one thing remains clear, the way we eat is transforming.?
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I found an interesting article on CNN today that discusses how value meals at fast-food chains influence consumer behavior and help address inflationary pressures. It emphasizes the impact of these affordable options on daily consumption and how they provide consumers with greater budget flexibility. This raises an interesting question: could these value meals inadvertently benefit premium and deluxe dining experiences? Here’s why I think so: the affordability of value meals allows consumers to save on their everyday dining expenses, potentially freeing up funds to occasionally reward themselves with a high-end culinary experience. I know some may question this connection—after all, how could a value meal consumer also be a premium foodie? But let’s be honest—haven’t we all enjoyed a McDonald’s value meal and a premium steak at a top NYC steakhouse during the same week? It’s about choice, occasion, and aspirations. Affordable dining options might keep our wallets in check and allow us to indulge when we want to celebrate, treat ourselves, or simply experience something extraordinary. For those in the premium dining space, this market reality could mean more opportunities to attract a broader audience but, more importantly, to bring back customers. The key will be how these establishments position themselves as the perfect complement to the affordability consumers embrace in their day-to-day choices. The market is always opening opportunities, and transporting data or information on knowledge can always open possibilities to brands despite being in different “segments.” Could this shift in consumer behavior open new doors for both ends of the dining spectrum? https://lnkd.in/ey5Cqi_p #ConsumerBehavior #MarketingInsights
A wave of significant menu changes is reshaping fast food | CNN Business
edition.cnn.com
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Snack Lovers Unite! ???? Even with tighter budgets, our love for snacks is going strong! ???? Consumers are still indulging in their favorite treats, proving that snacks are a staple. Restaurant owners, this is your chance to get creative with your snack offerings and attract those snack enthusiasts! ???? How are you making the most of this trend? Share your ideas! #SnackTime #FoodTrends #RestaurantIdeas
Despite belt tightening, consumers prove they still want to snack
nrn.com
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Food Trend Alert: The Truth Behind Smaller Portions in Restaurants—Is It About Health or Profit? "Once you get used to larger portions, anything that looks like a normal-sized portion seems like you are getting cheated." – Marion Nestle For years, portion sizes in U.S. restaurants ballooned out of control—plates of pasta, burritos, and bagels grew to absurd proportions. But now, according to the 2024 National Restaurant Association report, 75% of customers want smaller portions at lower costs. This shift, however, raises an important question: Is this truly about health and mindful eating—or are we seeing another form of shrinkflation? Restaurant prices have skyrocketed, causing many to dine out less frequently. With portion sizes shrinking but prices staying high, it feels eerily similar to what happened in the airline industry: less service for more money. As one responder to a recent article pointed out, why pay $20 for a Chipotle bowl when you can make the same meal at home for much less? Critics argue that this push for smaller portions may not be about promoting healthier lifestyles. Instead, it looks like a strategic move by private equity groups to maintain profit margins. By keeping prices high and cutting portion sizes, restaurants might be prioritizing profits over consumer well-being. Yes, portion sizes in America are ridiculous, but we should be wary of this shift if it doesn't also include better pricing and transparency. Consumers deserve more than smaller plates with bigger price tags. If this is about health, let's see objective evidence—backed by independent data—that it benefits the diner, not just the bottom line. The real challenge for restaurants is finding a balance that honors health, value, and sustainability without leaving customers feeling cheated. Offering smaller portions makes sense—if it comes with a fair price. Are we ready to say goodbye to massive portions? Maybe. But at what cost? #FoodTrends #Shrinkflation #Sustainability #RestaurantIndustry #HealthAndWellness #ConsumerBehavior
Restaurant Portions Are About to Get Smaller. Are Americans Ready?
https://www.nytimes.com
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According to the Bureau of Labor Statistics, restaurant prices have surged by 27.2% since June 2019, a spike that has led many to tighten their belts when it comes to eating out. In response, major players like McDonald's, Burger King, and Taco Bell are doubling down on value promotions, rolling out enticing $5 meal deals and other budget-friendly options. This focus underscores a broader shift in the fast food industry, where innovation is not just about new menu items or technology, but also about rethinking pricing strategies to keep pace with consumer needs. It's a reminder that in a rapidly changing market, those who adapt and meet customers where they are will continue to thrive. #FoodTrends #ValueMeals #RestaurantAdaptation #MenuInnovation
Fast-Food Chains Promote Value as Restaurant Prices Climb
https://www.pymnts.com
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Did you know restaurant food prices are outpacing grocery food prices, 4% to 1%? Yet consumers continue to shell out for restaurant meals. I'm sharing why and how grocery stores are food-fighting back in my latest Forbes article. https://lnkd.in/gw5-XApZ #marketing #grocery #supermarket #restaurant #qsr #costco #kroger #inflation #CX #foodtrends
Restaurant Prices Are Up 4%. How Costco, Kroger And Others Are Responding
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A key takeaway from last week’s NACS Show: the main opportunity in c-stores today is food, not cigarettes or alcohol. How does that change the landscape for restaurants??Check out this new article in Restaurant Business: https://lnkd.in/eM8ncGRz
Here are the newest ways convenience stores are trying to out-restaurant restaurants
restaurantbusinessonline.com
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The other day I spent over $100 for a meal at a local restaurant. Three of us ate a typical family restaurant chain. It will be a minute before I eat out again. Prices at restaurants are pushing people like me to eat in. The fastest way for restaurants to win customers back and drive incremental sales/traffic is to offer incentives, deals and coupons, according to restaurant industry expert Dana Baggett at Vericast. #restaurant #marketing #pizza #chicken #food #consumer #restaurantmarketing #deals
Restaurant prices push consumers to grocery store; coupons critical for diners
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Controlling food costs is paramount to the health of a restaurant. Fortunately, Restaurant365's all-in-one platform brings together inventory and margin reporting and all the critical functions a restaurant needs in one easy-to-use solution.
How the lack of food costing technology is costing restaurants more money
restaurantdive.com
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Convenience stores are transforming food service with new concepts, menu expansions, and unique partnerships ?? → C-stores embrace QSR-style offerings to provide fresh, high-quality meals and cater to on-the-go customers. → Menu innovation keeps offerings exciting and aligned with changing consumer preferences. → Collaborations with unique eateries, such as Mickey’s Greek-style restaurants bring diverse, elevated dining experiences to convenience stores. Read the full news article here: https://lnkd.in/e5MV4F7j Great article written by Jessica Loder at C-Store Dive. #AI #retailtech #foodtrends2024 #conveniencestore
How c-stores pushed the envelope on foodservice in 2024
cstoredive.com
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Networld Media Group and the Plant Based Food Association are partnering to help restaurant operators stay up-to-date with consumer demand for crave-worthy and innovative plant-based offerings. https://lnkd.in/e-ThrVkb
Joining Forces: Bringing plant-based innovation to restaurant menus
fastcasual.com
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