FAST, CASUAL FOODSERVICE SECTOR CONTINUES TO SEE GROWTH!

nina | July 24th, 2013 - 9:00 am

The fast casual foodservice sector continues to see growth, even as other industry segments struggle.

Last year, fast casual sales rose by 13 percent.

Fast casual is outperforming quick-service and full-service segments, even though fast casual accounts for only 14 percent of the $223 billion limited-service restaurant industry.

Experts expect the trend to continue, forecasting a compound annual growth rate of 10 percent, on average, between 2012 and 2017—more than twice the 4.5 percent predicted for all limited-service restaurants.

Burger and sandwich chains saw the highest unit growth, rising by 14 percent and 13 percent respectively. The sandwich cluster recorded the fastest sales growth, up by 17 percent.

Fast casual has become a $31-billion segment. Consumers today want quality offerings made quickly. Segments like burger, sandwich and Mexican have done a great job delivering on quality, fresh, gourmet, and made-on-demand offerings.

Source:  meatingplace.com, 7-19-13

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