Beverages can be a real sweet spot for foodservice operators. While beverages represent roughly 20 percent of total industry sales, their share of profits is considerably higher, with gross profit margins sometimes exceeding 90 percent.
The category has also been extremely dynamic, with a proliferation of new age beverages including energy drinks, special flavors and blends, and organic/natural options taking share away from more traditional drinks.
To help suppliers to the industry gain fresh insights on opportunities and trends in both hot and cold beverages, Technomic is updating key research on the nonalcoholic beverage category. Using its landmark 2005 study as a baseline, we will reevaluate market size, segmentation, growth prospects, trends and dynamics–and use this analysis to identify current and future success factors for suppliers participating in the beverage category.