Technomic Inc. unveils the first analysis of its kind – the 2016/17 U.S. Food Industry Universe Forecast
CHICAGO, Aug. 16, 2016—Technomic’s new 2016/17 U.S. Food Industry Universe analysis provides coverage of all channels of the $1.74 trillion U.S. food industry, including retail grocery and foodservice. Leveraging proprietary research paired with years of in-house expertise, this unique deliverable found on https://www.technomic.com/ details the entire food industry landscape to identify growth channels and to understand where opportunities exist.
“We are delighted to be able to provide industry participants with comprehensive statistics and projections on the total food industry,” says Bob Goldin, Vice Chairman of Technomic. “Our forecast provides meaningful insights into industry dynamics and growth opportunities and shows that industry growth drivers are evolving”
Key takeaways and opportunities from this Technomic analysis include:
- At 4.8% growth in 2017, Foodservice will outpace Retail, which is projected to grow at 3.0%. Foodservice will account for 60% of industry growth.
- Within Retail, Supermarkets and Supercenters will continue to lose share to “nontraditional” channels.
- The five fastest-growing food industry channels are online (+19.8% in 2017), fresh format (+9.1%), supermarket fresh prepared foods (+8.9%), limited assortment stores (+6.0%) and independent restaurants/small chains (+5.6%). They will contribute 43% of the industry growth.
Technomic updates its forecasts on a regular basis. In addition, it publishes several other annual and long-term forecasts for the food and beverage industry. To learn more, or to receive a copy of this analysis, please visit Technomic.com or contact the individual listed below. For Technomic updates, please follow us on Twitter, LinkedIn or our blog.
Press Inquiries and Analysis Details: Bob Goldin, (312) 506-3936, or firstname.lastname@example.org
Technomic Inc., a Winsight company, delivers a 360-degree view of the food industry. It impacts growth and profitability for clients by providing consumer-grounded vision and channel-relevant strategic insights. Its services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Its clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations, and various institutions aligned with the food industry. Visit Technomic at technomic.com.
About Winsight, LLC
Winsight LLC is a recognized leader in business-to-business media and information services for the convenience-retailing, foodservice and grocery industries. Winsight has an extensive media portfolio, including five publications: CSP, Restaurant Business, FoodService Director, Convenience Store Products, and Winsight Grocery Business. Winsight also offers a suite of digital products, including websites, e-newsletters, webinars, video products, mobile and tablet apps, and custom marketing solutions. In addition to more than 12 major EduNetworking conferences and advisory meetings, Winsight also produces seven exclusive, large-scale executive-level conferences: Restaurant Leadership Conference, Global Restaurant Leadership Conference, Outlook Leadership Conference, Convenience Retailing University, FSTEC, MenuDirections and Restaurant Directions. In 2015, Winsight acquired Technomic Inc., a provider of primary and secondary market information and advisory services for the food industry. For more information on Winsight and its brands, go to www.winsightmedia.com.