In the post recesssion era, where financial services providers are doing their best to retain current clients while seeking lucrative potential clients, Healthy 50+ Consumers have become a top priortiy.

New Research Study: Healthy 50+ Americans: Trends and Opportunities in the Emerging Wellness Market In the post recesssion era, where financial services providers are doing their best to retain current clients while seeking lucrative potential clients, Healthy 50+ Consumers have become a top priortiy. As a result of their level of educational achievement and higher professional and managerial employment rate, Healthy 50+ Consumers have higher incomes. And when compared to their peers in the same age group, Healthy 50+ Consumers are more likely to have a household income of $100,000 or more. Financial providers will benefit from the analysis and insight inside this brand-new research study. In addition to taking advantage of the latest trends and opportunities in the Healthy 50+ cohort, you will: Uncover the financial management habits and attitudes of Healthy 50+ Americans, including their perceptions on financial security, economic outlook and their preferences for credit cards, life insurance, stock trading and tax preparation. Craft business plans with our aggregate household income forecast through 2015. Understand the attitudes of Healthy 50+ Americans regarding education, eating habits, core values and leisure and entertainment choices. Gain insight into the economic profile of Healthy 50+ Americans and why this cohort will be your best bet for expansion in the five years ahead. More information: Price/Info   |   Table of Contents   |   Place an Order

More Food Service Operators to Use Social Media

February 24 2011 | Kathy Crosett

Using a landline phone to make restaurant reservations is so 20^th Century. These days, consumers expect to engage with restaurants online and through mobile devices. Restaurant operators who don’t build up their online presence and brand loyalty are missing an opportunity to generate higher sales. Even outlets that have not traditionally advertised are finding new business coming from social media efforts.

The new Social Media and Technology in the U.S. Foodservice Industry: Trends and Opportunities for an Emerging Market report by Packaged Facts explains that everything has changed in the food service industry. Don Monturori, publisher of Packaged Facts says, “We believe the restaurant industry is in the midst of being shaped by the convergence of the mobile, yet always connected, consumer; location-based and context-aware technological innovation, and mobile payments, which already demonstrate the potential to redefine how to cultivate restaurant guest loyalty, incentivize dining occasions, and better tailor marketing messages.” As proof of this new trend, consider these facts:

• Almost 1/3^rd (31%) of consumers who frequent restaurants for eat-in or take-out meals use their computers to place orders.
• About 1/5^th (21%) of consumers use mobile phones or other devices to place restaurant orders.

Facebook and Twitter are the leading social media outlets for restaurant operators to conquer. Packaged Facts analysts point out that food service operators should focus on location-based promotions this year as active Facebook users are ‘frequently on the go’. In addition, Twitter can be used to reach “a younger, more urban, multi–cultural audience.” Studies show that Twitter has significant appeal for emerging demographics – Hispanics, African Americans and Asians. And these social media tools aren’t just being used by traditional restaurants. One of this year’s most interesting trends is the growing number of food trucks that serve unique and ethnic fare in urban environments. These lower-cost outlets are turning to Twitter to promote themselves.
As the restaurant industry battles to regain the losses suffered during the recession, most operators will be turning to lower-cost forms of promotions. For many, social media seems to fit the bill.

[Source: Facebook, Twitter and Smartphones Lead Social Media-Fueled Innovation within U.S. Foodservice. PackagedFacts.com. 8 Feb. 2011. Web. 24 Feb. 2011]


More Food Service Operators to Use Social Media - marketingforecast.com

The Future of Food Retailing in the U.S.

The Future of Food Retailing in the U.S. Growing competition, emerging retail formats, price wars, more private labels, SKU rationalization, and experiments with online marketing are trends reshaping the food retailing market. Packaged Facts' latest market study, The Future of Food Retailing provides insightful macro and micro trend analyses for retailers and CPG marketers who seek merchandise, pricing, and marketing strategies for today's food retailing environment. This market study answers the following questions: How has the new economic climate changed consumer behavior? Can smartphone apps, such as in-store navigation, drive more business? Will recent mergers and acquisitions impact your bottom line? How are personalized and digital coupons be leveraged to maximize profit? Why is sustainability equal to profitability this year? How are C-stores changing with the times? How is Koger changing how consumer data is mined? Why are food retailers morphing into foodservice and how does that translate to dollars? Packaged Facts identifies the opportunities and strategies retailers and CPG marketers can use to protect and grow their businesses during 2011 and beyond. More information: Price/Info   |   Table of Contents   |   Place an Order

The $20,000 Pet

by Nancy Keates, published December 22, 2010, Smart Money

For Mary Cotter, the first sign of concern came when her 7-year-old, Logan, appeared dizzy. His regular doctor said everything was fine, but Cotter insisted Logan be seen by a neurologist, who after an MRI found a tumor in his inner ear. An operation followed, and for the next month Cotter took Logan on a four-hour round-trip trek every day from her home in Ledyard, Conn., to a specialty hospital in Boston for radiation therapy.

A new CT scanner at New York's Animal Medical Center boasts shorter scan time and higher-quality images.

The total bill for the tests, blood work, surgery and radiation came to $14,000 — not surprising in this age of sky-high medical costs. Except for one thing. Logan is a golden retriever. After another surgery for an unrelated illness, the total cost of Logan's care is approaching $20,000. Today Logan is healthy, but he has a new nickname: "20K."

It's no secret that Americans love their pets. But these days, all that love is leading to an unprecedented level of expense for millions of owners, who are only beginning to understand the pet-world concept of sticker shock. Caught up in a wave of new medical options and lured by an increasingly sophisticated cadre of veterinarians, pet owners across the country are forking over thousands — and even tens of thousands — of dollars to treat illnesses that would have gone undiagnosed or untreated just a few years ago. And then doing it again if they have to. Of course, pet owners and most vets have the animals' best interest in mind. But that doesn't make it any easier: With health insurance covering the humans in many families, it's not unusual for pet owners to spend far more money on health care for their cats and dogs than for their sons and daughters. Even the Great Recession failed to take a bite out of Fido's health care tab. According to a report by market-research company Packaged Facts, Americans spent $20 billion on veterinary bills in 2010 — an 8.5% increase from a year earlier and more than double the amount spent just a decade ago.

Much of that money is being spent on new medical technology. With some of the advances in human health care spreading to the animal kingdom, pet owners have many more options for treatment—and many more chances to fork over money to cure their pets or at least prolong their pets' lives. Dogs and cats can have pacemakers implanted at a cost of $1,000 to $1,500, while pets with kidney failure can get a kidney-clearing procedure that runs $20,000 to $25,000 for just the first few weeks. Not long ago a vet would most likely have recommended euthanasia for a cat or dog diagnosed with cancer or another serious illness. Today high-tech procedures and equipment, such as chemotherapy and MRIs — and yes, CAT scans — allow for better diagnosis and more-advanced treatment.

They also require highly trained specialists. In the past three years, the percentage of veterinarians who are board certified for small-animal surgery has more than doubled, according to the American Veterinary Medical Association. Until the late 1980s, there were no board-certified veterinary oncologists, for a simple reason: There was no program for certification. Now vet schools offer oncology-specialization programs and have full-fledged cancer centers, while dozens of private centers have opened across the country with board-certified staff. At the Animal Cancer Center at Colorado State University, 14 veterinarians specialize in medical, surgical and radiation oncology. They're supported by a full nursing staff, residents and even a clinical-trials team focusing on diseases from canine lymphoma to feline sarcoma. Add it all up and "it's a revolution," says Stephen Withrow, the center's associate


Read more: The $20,000 Pet - SmartMoney.com http://www.smartmoney.com/personal-finance/health-care/the-20000-pet-1292884111206/#ixzz19yyRj7HW

Mmm, Chocolate

Seemingly recession-proof, chocolate’s appeal continues to evolve with the times.

By Joanna Cosgrove, Nutraceuticals World, Published December 9, 2010

“Over the last decade chocolate makers have been responding to consumers’ drive to live healthier lifestyles,” commented Packaged Facts’ Curtis Vreeland, a seasoned chocolate industry analyst and author of the report. “Their efforts have brought us portion-controlled packaging, sugar-free sweets, heart-healthy dark chocolate and fortified confections of unbelievable variety and veracity. This trend should continue, as healthier confectionery offers consumers an irresistible package: health and wellness, plus indulgence and a convenient serving modality.”
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New Research: Dinner Trends in the U.S. Foodservice Market

Packaged Facts estimates that dinner daypart restaurant sales dropped 5% to $174 billion in 2009, and is forecasted to drop another 3% in 2010. But all is not lost, Packaged Facts research indicates a spending renaissance is already underway. By combining investment-grade industry analysis with key trend analysis, Dinner Trends in the U.S. Foodservice Market not only helps foodservice industry participants address challenges unique to the dinner daypart but also helps participants contour their strategies to meet consumers’ evolving needs. By providing insight on the dinnergoer’s decision-making process, this report provides direction on how and why the consumer decides on a specific restaurant from which to obtain dinner, and how and why that consumer decides what to order from the menu. Selection factors are analyzed according to the following categories: convenience; dinner menu items; meal cost thresholds; dine-in and takeout partner; menu positioning and advertising; health positioning; and bundled offers. More Information>> Research Features: “Share of stomach” restaurant dinner sales analysis, which includes 5-year sales trends for the fast food/quick-service restaurant and full-service restaurant segments, with forecasts for 2010 and 2011. Guest traffic frequency analysis of leading dinner-centric restaurant brands, giving a directional perspective on current sales trends. Trended analysis of demographic dinner daypart expenditures, including 4-year sales historical sales trends and spending according to key demographics, such as age, income, region, and race/ethnicity. Thorough psychographic analysis of Budgeters, Alcohol Indulgers and Healthy Eaters, key psychographic groups shaping the dinner daypart. The report also conducts trend analysis on key dinner-centric restaurant brands, including menu strategies and new menu item introductions, core users; snacking tendencies; food, diet and health attitudes; as well as trends sales metrics. We focus on recession-driven responses and menu strategies taking the brands into 2011. Coverage extends to fast food/QSR, coffeehouse, smoothie shop, ice cream shop, family restaurant, casual restaurant, and fine dining restaurant segments; as well as prepared foods segments at convenience stores/gas stations and grocery stores/supermarkets. More Information>>

Dinner Trends in the U.S. Foodservice Market is part of Packaged Facts' new Foodservice Market Insights collection. Additional titles include: Lunch Trends in the U.S. Foodservice Market Dinner Trends in the U.S. Foodservice Market Breakfast Trends in the U.S. Foodservice Market Snack and Dessert Trends in the U.S. Foodservice Market Prepared Food and Ready-to-Eat Foods at Retail: The New Competition to Foodservice The U.S. Foodservice Landscape 2010: Restaurant Industry and Consumer Trends, Momentum and Migration The insights you need, all in one collective series from Packaged Facts. Download our Foodservice Market Insights brochure and get the full details on data methodology, foodservice consumer perspective and analysis, and more. View the brochure See sample pages

"Students are 60% more likely than average to have dinner foodservice at a grocery store/supermarket & 40% more likely to have dinner at a convenience store/gas station." - Dinner Trends in Foodservice Market Study

students are 60% more likely than average to have dinner foodservice at a grocery store or supermarket

As part of our foodservice reports series, we’ve paid close attention to the increasing competition restaurants face from food retail prepared foods. According to Dinner Trends in U.S. Foodservice (October 2010), prepared foods are succeeding with students, who are limited-service restaurant stalwarts. Our proprietary consumer research indicates that students are 60% more likely than average to have dinner foodservice at a grocery store or supermarket, and about 40% more likely than average to have dinner at a convenience store/gas station.

So, while students may not go grocery shopping as often or spend as much there as consumers who have more established households, they clearly respond to convenience-minded offerings when they visit. We believe this provides significant opportunity for food retailers, not just because students are generally more convenience-driven but also because they are more health-conscious. As a group, students may be prone to say they want healthier fare and then make contrarian food decisions—a function of impulse, cost-considerations and the metabolic hubris of youth. But as more and more university foodservice programs have come to understand, students will embrace more healthful options if they meet cost and quality parameters—and the supermarket is optimally positioned to leverage own-branding to provide healthful fare.

But the most significant benefits may run longer-term. Having grown up during what we have coined “The Restaurant Age,” students aged 18-24 are as far removed from routine grocery shopping (and home cooking) as any generation before them. By providing prepared foods that meet their needs, food retailers not only drive a wedge between students and restaurants; they can also leverage that wedge to bring them into the home-cooking fold, by educating on meal planning and meal budgeting, or by using the prepared foods space as a bridge to introduce easy-to-cook meals that blend old-fashioned standards such as mac-and-cheese and spaghetti with new-found international and/or aspirational ingredients—for a reasonable cost, of course.More>

Pet Insurance in North America, 4th Edition

Now in its fourth edition, Packaged Facts’ Pet Insurance in North America is the most comprehensive examination of the U.S. and Canadian pet insurance markets available and a must-have for any company interested in this dynamic industry. Although sales growth slowed due to the recession, revenues (measured as gross written premiums) remained in the double digits in 2009 while delivering a 2005-2009 compound annual growth rate of 21%. Packaged Facts expects the North American market for pet insurance to continue to chart strong annual increases over the next five years, with the high level of competitive activity helping to offset the slow economic recovery and ongoing challenge of communicating the value of pet health insurance to budget-watching consumers.

As of 2010, industry pioneer Veterinary Pet Insurance (VPI) continues to lead the market. However, both the U.S. and the Canadian pet insurance markets have experienced significant market share shifts during the past five years as more than a half dozen new companies have come onto the field. Each of these companies brings with it unique strengths, in some cases including potent co-marketing affiliations with powerful brands (e.g., PetPartners and the AKC, PurinaCare with its own famous name), and in other cases including important retail channel thrusts (e.g., PetFirst with Kroger and Petfinder.com, and Trupanion with Petco). The industry is also seeing more investment backing and large insurance companies coming into the market as underwriters, including Aon with Healthy Paws, Aetna with Pets Best, and Berkshire Hathaway with PurinaCare.

ITP Furnishings/Accessories/Toys Marketplace Transformed by Recession

Packaged Facts observes that the consumer ITP durables marketplace has morphed under the pressure of the difficult U.S. (and world) economies, since at least 2007.  Although retail dollar growth was still positive in that year across all three of our ITP categories studied here – furnishings, essentially homebound; accessories, more portable; and toys of an astonishing range of types – changes were already in effect:  Pre-recession, many marketers were entering new brands, or extending their established brands, into the lower reaches of the luxury price-tiers, and more obviously, into middle luxury – “mid-luxe” tiers. 

In the stroller segment of the accessories category, for example, marketers such as Newell Rubbermaid, having bought the sophisticated Japanese-made Aprica brand earlier in 2008, thus covered the under $200-$370 range more deeply, because the new acquisition complemented Newell’s popular Graco brand, priced up to $270.  Also pre-recession, Phil&teds and UPPAbaby were both rolling out namesake brands with high-tech or elegant design features, at MSRPs topping out at the upper reaches of the mid-luxe tier, or at $600-$700. 

Initially, these marketers may have viewed their price-positionings as shrewd competitive moves versus the $1,000-plus Bugaboos, Maclarens, Stokkes, and other strollers.  Bugaboo, not content to be the mid-luxe specialists’ punching bag, introduced the Bugaboo Bee in 2007, listing it at $535.

There was also some accommodation of the value set, with extensions downward into the under-$200, and even under-$100, brackets; the low-end models were often lightweight umbrella strollers, but in any case, tended to show the design influences of higher-priced counterparts. 

As the cost of fossil fuels skyrocketed, and consequently, the pricetags on groceries and manufactured goods also shot up; as the U.S. mortgage scandal unfolded; as unemployment rates rose; as the war in Iraq cost untold billions – some ITP durables marketers may have concocted their multi-price-tiered battle plans to double as hedges against a recession that did happen, after the fourth quarter 2008 crashes of financial exchanges around the globe. 

In 2010, there is plenty of anecdotal evidence that high-end ITP durables -- for instance, the Teutonia brand of German-made strollers acquired by Newell Rubbermaid in 2007, and now priced up to $890 -- are selling well again.  But the newly reinforced mid-luxe and value tiers will be with us for a long time to come, offering wider arrays of brands, and certainly, more choices of affordable status brands.

Chicago breakfast café opening - Atlanta Business Chronicle

Breakfast day part restaurant sales reached $37.2 billion in 2009, according to an August report from Packaged Facts, a consumer research firm in Rockville, Md.

Packaged Facts predicts breakfast sales will reach $37 billion in 2010 and $37.7 billion in 2011.

“While these figures may appear tepid at first glance, when viewed against the backdrop of lower overall restaurant sales, the breakfast day part has fared relatively well, taking share from the lunch and (especially) dinner day parts,” the report said.


Read more: Chicago breakfast café opening - Atlanta Business Chronicle
Chicago breakfast café opening - Atlanta Business Chronicle

Private-Label Food & Beverage Retail Sales

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Pet Supplies and Pet Care Products: The U.S. Market and a Global Perspective

Even as the economic picture improves, consumers remain cautious about spending, including in terms of the pet products they buy. Having lived up to its “recession-resistant” reputation once again, the business therefore continues to face challenges that have retailers, marketers and product developers relying more heavily than ever before on the all-important notion of pets as family. Accordingly, themes including health, function, comfort, safety, gifting, travel, and yes pet pampering are all weighing heavily on the value scale as market participants look to strike the perfect balance in pet categories across the board.

Tapping into Packaged Facts’ extensive pet market report collection and analyst expertise, Pet Supplies and Pet Care Products in the U.S., 8th Edition: Pet Health and Pampering: The New Value Equation provides detailed market breakouts and insights not available elsewhere. Covering non-food pet supplies of all types and for all companion animal types, the report examines trends in flea/tick care products, cat litter, toys, rawhide chews, bedding, grooming products, supplements, clean-up products and many other product segments. Using 2009 as the base year, it charts sales since 2005 and forecasts sales through 2014; breaks the market out by animal type and product category in both the mass-market and pet specialty channels; presents dollar sales and market share for leading marketers and brands; analyzes competitive strategies and shifts; profiles top companies and market innovators; analyzes new product trends; and provides demographic and psychographic profiles of product purchasers.

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Food Flavor and Ingredients Outlook 2010, 7th Edition

While Wall Street claims that the recession has ended, Main Street will continue to face financial challenges through most, if not all, of 2010. Frugal behaviors consumers adopted in 2009 are becoming engrained and reflect a new normal when it comes to shopping, dining and eating preferences for the foreseeable future. What constitutes value is being redefined and consumers are starting to make different choices than in years past that will drive their food and beverage purchases. Food Flavors and Ingredients Outlook 2010 describes the trends that Packaged Facts predicts will influence the flavors and ingredients that will drive food and beverage selection at retail and in restaurants and other foodservice establishments in the coming year and beyond.

 

The 2010 edition of this annual report (which was first published in 2004) includes coverage of eight primary focus areas impacting flavor and ingredient trends. To assess the shift in trends over time, predictions for last year are summarized along with Packaged Facts’ expectations for 2010 in relation to:

• International Flavors
• Redefining Healthy Eating
• Local Food Production and Sourcing
• Reenacted Flavors
• Savory Trends
• Sweet Trends

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Ethnic Hair, Beauty and Cosmetics Products in the U.S., 7th Edition

No market is an island -- but why do many marketers and retailers still consider the ethnic HBC aisle as separate from the rest of the store, sleepy and low-end? In reality, ethnic haircare, makeup, and skincare products are a vibrant $2.7 billion business that reflects the upscaling of the parent HBC market.



Photo: ethnicbeautycentral.com



In 2010, African-American, Asian, Hispanic, and other folks of color already account for over a third of U.S. population; as of 2013, their spending power will have surpassed $4.2 trillion. Marketers have thus ventured beyond the usual hair relaxers, the few darker tints of makeup and heavy moisturizers, to offer premium-to-high-end beauty and grooming regimens sold through pop-prestige outlets such as Sephora, as well as through TV home shopping networks HSN, QVC, and others. Organic formulations are driving ethnic HBC sales, too -- because Americans of color actually skew more green-minded than Whites.

Yet ethnic HBC’s sell-through in the prestige, natural grocery, and TV home shopping channels, is still small in relation to its fabulous potential. As for the effect of the struggling U.S. economy, this market achieved mid-single-digit increases during the global recession of 2008-2009, and is expected to return to double-digit progress as the recovery proceeds.

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Ice Cream and Frozen Desserts in the U.S.: Markets and Opportunities in Retail and Foodservice, 6th Edition

The U.S. market for ice cream and related frozen desserts neared $25 billion in 2009, with sales growth from previous years slowed somewhat by the recessionary economy. Manufacturers of retail frozen desserts and operators in the frozen dessert foodservice industry (which accounts for better than half of total category sales) adjusted their prices in order (or held the price line and reduced package sizes) to keep consumers screaming for ice cream instead of about how much it cost. Price controls and price-based promotions are likely to stay in effect as the economy slowly rebounds. So, too are cost-saving trends like the consolidation of companies and brands, as in the case of Hood and Brighams, and industry production and administrative facilities, as practiced most notably by Unilever.

But, as the Packaged Facts report on ice cream and other frozen desserts - including ice cream, frozen yogurt, gelato, frozen custard, water ices, non-dairy frozen desserts and frozen novelties - notes, keeping prices down will not be enough to expand sales. To do that, manufacturers and foodservice operators alike will be looking to build on the trends that have emerged over the past two years, notably a taste for tart frozen yogurt that features good-for-you probiotic bacteria that improve digestion. The Packaged Facts report suggests the likelihood of probiotics being added to other frozen desserts and includes coverage of other healthy ingredients that may soon be showing up in value-added health-oriented frozen dessert products such as prebiotics (that make probiotics more efficient), Omega-3, and...

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NEW Proprietary Data: The U.S. Foodservice Landscape 2010: Restaurant Industry and Consumer Trends, Momentum and Migration

The U.S. Foodservice Landscape 2010: Restaurant Industry and Consumer Trend Momentum and Migration provides unique insights into consumers’ evolving relationship with the foodservice industry, helping restaurant operators position their brands—and menus—accordingly.

Highlights of the study include:
1) directional consumer behavioral and attitude analysis via Packaged Facts’ proprietary Consumer Restaurant Outlook Tracker, which identifies the consumers who will lead near-term foodservice growth;

2) Via its Consumer Restaurant Usage and Spend Tracker, unique analysis of meal usage by restaurant type, party size, and party spend, to help target consumers who can bring in higher guest check averages;

3) Share of Stomach sales analysis that trends foodservice sales by segment against its retail counterpart, and provides quarterly same-store comparable trends and guest traffic frequency trends for more than 50 restaurant brands by segment—all of which provide a thorough sense of where the industry is heading; and

4) current and future menu pricing strategies and detailed consumer brand affiliations, to provide competitive insight.

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"Green" Household Cleaning Products in the U.S.: Bathroom Cleaners, Laundry Care and Dish Detergents and Household Cleaners



Method bathroom cleaners

 The U.S. market for household and laundry cleaning products is well on its way to a major shift in marketing strategies, product innovation and ingredient stories—primarily due to the continued consumer interest and understanding of greener and more sustainable lifestyles. The sweet spot for accelerated growth and highly profitable sales looks to be in eco-friendly products that target multiple consumer desires rather than a single stand alone functional benefit. These benefits may include: efficacy, safety, ease-of-use and convenience mixed with more emotional and sensory benefits. While green cleaners accounted for just a small sliver of the overall household cleaner market in 2009, Packaged Facts expects more and more consumers to make cleaning a lifestyle choice rather than simply a sanitary chore, pushing green cleaners from the fringe into the mainstream.

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U.S. Pet Market Outlook 2010-2011: Tapping into Post-Recession Pet Parent Spending

As the U.S. economy moves out of recession and into recovery, the purse strings of many pet parents will loosen, but shoppers will continue to demand greater value in the pet products and services they purchase as well as from the channels they shop. U.S. Pet Market Outlook 2010-2011: Tapping into Post-Recession Pet Parent Spending provides essential insights into the U.S. pet market overall as well as each of its four core categories: veterinary services, pet food, non-food pet supplies, and non-medical pet services (grooming, boarding, training, etc.).

Benefiting from many current trends and “future factors,” the market will rise from $53 billion in 2009 to over $70 billion in 2014, the report forecasts, with strong demand for products and services that both enhance pet health and pamper lifting many boats as pent-up pet parent demand begins to kick in during 2010.

Continuing the market tracking and forecasting of the previous edition of Packaged Facts’ annual report (see U.S. Pet Market Outlook 2009-2010: Surviving and Thriving in Challenging Economic Times— http://www.packagedfacts.com/prod-toc/Pet-Outlook-Surviving-2154192/), the 2010-2011 edition projects sales, market growth drivers, and competitive and marketing opportunities. In a new focus discussion, it details...

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Prepared Foods and Ready-to-Eat Foods at Retail: The New Competition to Foodservice

Wegmans Cafe

Hoping to parlay recession-based foodservice-to-retail migration into long-term gains, food retailers continue to ratchet up their prepared foods and ready-to-eat programs. Packaged Facts estimates that grocery stores and supermarkets will grow prepared- and ready-to-eat foods sales by more than 7% in 2010. Their usage imprint is already imposing:

According to Packaged Facts’ proprietary consumer research, 64% of adult consumers have gotten ready-to-eat/heat-and-eat food from a grocery store or supermarket in the last month. Moreover, in terms of total usage occasions, grocery-related prepared foods use leads both family and casual restaurant segments and trails only fast food/QSR.
 
While convenience stores have also relied heavily on prepared foods and foodservice sales for sales and higher margins, increasing competition extends to supercenters, warehouse clubs, convenience stores and drug stores. At a time when food value is so closely associated with low cost and convenience—and when consumers increasingly perceive private label food retail brands as competitive with name brands on cost and quality—prepared and ready-to-eat foods programs that deliver on quality, taste and convenience can not only compete with foodservice fare, but can also help food retailers adapt to modern consumer lifestyles.

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