2021 Foodservice Market Update

May 2021

After a challenging year, foodservice operators are once again looking toward growth and innovation. Foodservice research and consulting firm Technomic predicts strong to moderate growth for foodservice across the globe, as operators focus on optimizing their menus for dine-in and revamping core items with high-quality ingredients.1

Here are three trends we’re watching:

1. Growth for Asia-Pacific market

The APAC foodservice market is expected to bounce back from pandemic-related impacts, expanding by $317 billion from 2021-2025, according to market research firm Technavio. One of the key drivers in the market will be the growth of quick service restaurant chains, according to the report.2 While foodservice operators in this region will remain focused on innovating convenient meal solutions, there is also growing demand for healthier and plant-based options.3

2. Familiar favorites with a twist
Many foodservice operators focused on their top selling menu items during the pandemic, limiting new introductions. Now, as dining out returns and consumers rediscover an appetite for adventurous foods, restaurants are focused on rolling out new and improved items that offer a new twist on their tried-and-true favorites. Premium toppings, inclusions and new flavor profiles are some of the ways they’re keeping menus fresh and exciting.
3. Environmentally conscious eating
Nearly half of consumers say the pandemic has made them more concerned about the environment, and 11% said they have shifted their purchases based on environmental claims within the past year.4 Adding more plant-based, vegan and vegetarian offerings to the menu will continue tobe an important opportunity for foodservice operators.
Whether you are working on something new, or reformulating your menu to meet new trends, our team can work with you to find a solution that adds value. Learn more about how you can use freeze-dried and baked ingredients in your foodservice applications, or contact us at customer.services@chaucerfoods.com to request a sample or more information.

1“Technomic releases 2021 foodservice industry predictions for the U.S., Canada and global markets,” Technomic. Dec. 2020
2“Food Service Market in APAC to grow over $ 317 Billion between 2021-2025 | Technavio,” PR Newswire. May 3, 2021.
3“Technomic’s Take: 2021 Global Trends Outlook,” Technomic. Dec. 2020.
4“Consumers still care about sustainability amid pandemic, report finds,” Food Dive. April 24, 2020.

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