MarketWatch’s Post

Can Surge Pricing in the Fast Food category be successful?

Overview Of The Current Food Delivery Market https://lnkd.in/dS6QurD3 The demand for food delivery convenience is here to stay. By 2028, the online food delivery market is likely to reach US$102 billion in valuation, up from US$42 billion in 2023. #fooddeliveryapp #ubereatsclone #fooddeliveryappforandroid

🍿 Food ordering and delivery platforms in 2024 The food ordering and delivery sector is experiencing a significant surge in growth, with projections indicating that this trend will continue to escalate in the forthcoming years. Our latest blog entry delves into the most recent advancements and trends within this industry, and we offer our predictions for the year 2024. Should you have an interest in gaining further insight into the future of food ordering and delivery, we highly recommend perusing our blog post. #foodtech #fooddelivery #foodordering #trends #deliveryplatforms

Fast food joints were once the go-to option for quick, cost-friendly meals, but now, they’re starting to pinch the budget. Inflation has hit fast food chains hard in the past decade, with many restaurants seeing an average price increase on menu items of more than 50%. This graphic visualizes the average price increase of 10 core menu items from select American fast food chains, as well as the change in the consumer price index (U.S. city average) for food away from home, from 2014 to 2024. Fast food chain data comes from Finance Buzz and the food away from home figure comes from the Federal Reserve’s March 2024 Consumer Price Index data...

A recent study from Restaurant Business Online reveals a noteworthy trend as lower grocery inflation draws consumers away from restaurants. Dive into the insights on how evolving consumer behaviors impact the food industry and what it means for the future. Read more: https://lnkd.in/ea4zZsmk  #FoodIndustryTrends #ConsumerBehavior #RestaurantBusiness #MarketInsights #SuperiorFoods #FrozenFood 

"'To bring customers back, quick-service restaurants need to increase the level of innovation for its lower priced products,' R. J. Hottovy, CFA said. 'Aldi's lower prices have certainly played a part in their increased visitation trends, but they've also done a good job introducing new low-priced products or different flavors of existing low-priced products.'" As fast food prices climb, Americans are thinking twice about hitting the drive-thru as some replace their treats with cheaper home-cooked versions of their favorites. Anthony Russo features data from Placer.ai's "McDonald's & Chipotle's Winning Recipe" report and commentary from R. J. Hottovy, CFA in his recent Newsweek article. Learn more here: https://lnkd.in/e_HhMHyq #foottraffic #foottrafficanalytics

Navigating the Best Platforms for Selling Your Food and Beverage Products: A Comparative Analysis of Just Eat, Uber Eats, Food Prepped, Etsy, and Not On The High Street #sellfoodonline #foodandbeverage #foodprepped

In the bustling world of retail, U.S. supermarkets stand at a crossroads, seeking innovative solutions to enhance efficiency and profitability in their prepared foods operations. As consumer preferences shift towards convenience without compromising on quality, supermarkets are uniquely positioned to capitalize on this trend. By integrating FoodStorm, a specialized software designed for managing catering and prepared food services, grocers can significantly boost their profit margins while meeting consumer demands. Read our full blog to learn our 3 pivotal ways FoodStorm can transform the prepared food sector for U.S. grocery retailers ⤵ https://lnkd.in/g4kSKj3t #grocery #supermarket #foodservice #preparedfoods

The Food Delivery industry is rapidly evolving. Since the COVID-19 pandemic, our industry has seen significant growth over the years. I don't think the Food Delivery industry ever intended to reach a market value of $150 billion in the global economy. Here we are, however, and Food Delivery is here to stay and will continue to be a fixture in the dining landscape. With the increase in competition and regulatory changes evolving as we navigate a post-COVID-19 world, it is becoming clear that Food Delivery apps need to support restaurants more rather than continue to hurt them with their burden of absurdly high overheads. Drivers need to be cared for and appreciated, especially in the economic circumstances Canada finds itself in. Consumers need to be appreciated and provided quality value for spending their hard-earned income on Food Delivery. These large forerunner corporations have uncovered a clear gap in the market but with the current models they continue to use it is also clear their demise is imminent. Hungry Canadian focuses on a more supportive model and while our model is young it has shown tremendous value to all of our customers, partners and delivery teams. The future of Food Delivery is not a clear one but does provide hints as to what is to come the more closely we look at it. With these hints and clues, I am confident the change in the winds that are sure to come will provide a more sustainable and structured mutually beneficial market for the Food & Beverage industry. #fooddeliveryservice #restaurants #fooddeliveryapp McKinsey & Company

Fast food 📈 price inflation for June up nearly 19% vs 2022, as prices for 🚚 food delivery services increase 6% faster than prices for dine in and take away. Meaningful Vision shares its insight into these recent price trends, and more, with QSR Media today. https://lnkd.in/dkfUp8_U #MVPriceIntellengence #FoodService #Restaurants #PricingStrategy #MarketingResearch #Hospitality