Predictions for the new year are all included in one concise table
CHICAGO, Feb. 12, 2019—Technomic released its foodservice forecast and sizing for 2019, including data parceled out by industry segment. The company has been producing these forward-looking predictions for about 50 years. Twice a year, Technomic breaks down these complex numbers into an easily digestible chart to allow for a high-level review of where the industry stands and where it is projected to go in the year ahead. This release, combined with Technomic’s recently implemented predictive capabilities, showcase the most informed suggestions and indicators for the future developments in the industry.
“Now, more than ever, foodservice players need to understand the segment trends in the industry,” explains Joe Pawlak, managing principal at Technomic. “Reviewing our data on a formal basis semiannually allows us to home in on the most accurate forecasts as changing market conditions present themselves and provide our partners with the most up-to-date projections available.”
Technomic’s recent State of the Industry presentation provides some color to the numbers. Key themes include:
- Economy is still solid but is not necessarily translating into strong industry sales
- Consumer connection through experience and beating expectations is critical
- Off-premise and delivery are changing the calculus across all segments
Technomic releases this market-sizing and forecast resource semiannually, always covering all major foodservice segments. Currently, this information is available to members of Technomic’s Foodservice Planning Program in the form of a one-page wallchart. Reach out to the contacts below for more information.
Technomic, Inc., a Winsight company, was founded as a management consulting firm in 1966. Since then, Technomic’s services have grown to encompass cloud-based B2B research tools, consumer and menu trend tracking, as well as other leading strategic research and analytic capabilities, to prioritize and size business opportunities. Our clients include food manufacturers and distributors, restaurants, retailers and multiple other business verticals aligned with the food industry that are looking to make informed decisions to support their business growth. 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.