Foodservice Equipment Reports

Technomic Forecasts Moderate Operator Growth In 2014

Foodservice operator growth in the United States has slowed during 2013, according to the latest forecasts from Chicago-based Technomic Inc. But the research firm foresees moderate acceleration in growth next year.

The latest Technomic forecasts plot total industry growth for ’13 at 3% in current dollars, with real growth forecast at 1%, factoring out 2% menu-price inflation. (Technomic total industry forecasts include foodservice in lodging, retail and institutions in addition to restaurants.)  Growth in ’14 is set at 3.8% nominal and 1.3% real. In comparison, Technomic estimates the total market growth in 2012 was 4% in current dollars and 1.9% real.

“With regard to foodservice in 2014, we don’t expect any watershed moments,” Technomic V.P. Joe Pawlak told FER Worldwide Report. “The industry is expected to continue is slow path of Growth, as it has seen over the past 2-3 years on an overall basis.  Some segment will continue to outpace the industry including fast casual, healthcare foodservice and supermarket foodservice.”

The firm’s fastest-growing operator segments in ’14 include supermarket foodservice, lodging, colleges and universities, healthcare and social caterers. The dominant quick-service and full-service restaurant segments, which account for more than two-thirds of total operator sales, are forecast to growth 4% and 3.5% respectively.

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