Canadian Vending

Features Consumer Behaviour Trends
Flavour, quality key for c-store food service: Technomic


January 20, 2015
By Canadian Vending

Topics

Jan. 20, 2015, Chicago – Comprising approximately 28
per cent of retail food service and generating $11.2 billion in sales,
proprietary convenience-store foodservice has become a key area of opportunity in
the United States, says a report by research firm Technomic.

Jan. 20, 2015, Chicago – Comprising approximately 28
per cent of retail food service and generating $11.2 billion in sales,
proprietary convenience-store foodservice has become a key area of opportunity in
the United States, says a report by research firm Technomic.

Technomic’s report, entitled "Convenience Stores Market
Intelligence Report," compiles exclusive data to understand market
opportunities.

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As the segment continues to face stiff competition and works
to overcome consumers' negative quality and freshness perceptions, the firm
anticipates nominal growth of about 2% in both 2014 and 2015 (2.5% in 2014;
2.0% in 2015), and after adjusting for inflation, the overall segment will be
flat. Yet convenience stores serve as a prime destination for younger
generations and people seeking fast, on-the-go options, and there are plenty of
winning chains and opportunities for growth.

"As more c-store brands increase focus on offering a
wider variety of fresh, high-quality foods and competition heats up across the
segment, understanding the convenience store foodservice landscape has never
been more important," said Technomic senior director Donna Hood Crecca, in
a news release.

Interesting findings from the report:

  • Breakfast sandwiches continue to thrive on c-store menus,
    and their numbers climbed 20% from Q2 2013 to Q2 2014.
  • More than nine out of 10 consumers say the most important
    elements are taste and flavour of the food and food quality.
  • Energy drinks saw a significant surge in availability at
    c-stores, contributing to the category's nearly 23% growth in menu items.

The report was developed to guide operators, manufacturers
and the industry at large to where these growth opportunities lie. It considers
consumer behaviours and attitudes, and trends in facility and technology
upgrades, including consumer insights, menu analysis and concept profiles.

Food Taste, Flavor And Quality Are Most Important For C-Store Foodservice Consumers: Technomic

Technomic Press Release

 
TAGS: vending, food service study, convenience story food service,
Technomic c-store report, retail foodservice Convenience Stores Market
Intelligence Report, fresh food sales, Donna Hood Crecca, c-store food
menus

 

PRESS RELEASE

Source: Technomic | Released Jan. 12, 2015
CHICAGO — Jan. 12 — Comprising approximately 28% of retail
foodservice and generating $11.2 billion in sales, proprietary
convenience-store foodservice has become a key area of opportunity
across the country. Technomic's "Convenience Stores Market Intelligence
Report" compiles exclusive data to understand market opportunities.

As the segment continues to face stiff competition and works to overcome
consumers' negative quality and freshness perceptions, Technomic
anticipates nominal growth of about 2% in both 2014 and 2015 (2.5% in
2014; 2.0% in 2015), and after adjusting for inflation, the overall
segment will be flat. Yet convenience stores serve as a prime
destination for younger generations and people seeking fast, on-the-go
options, and there are plenty of winning chains and opportunities for
growth.

"As more c-store brands increase focus on offering a wider variety of
fresh, high-quality foods and competition heats up across the segment,
understanding the convenience store foodservice landscape has never been
more important," says Technomic senior director Donna Hood Crecca.

Interesting findings from the report:

» Breakfast sandwiches continue to thrive on c-store menus, and their numbers climbed 20% from Q2 2013 to Q2 2014.

» More than 9 out of 10 consumers say the most important elements are taste and flavor of the food and food quality.

» Energy drinks saw a significant surge in availability at c-stores,
contributing to the category's nearly 23% growth in menu items.

The "Technomic Convenience Stores Market Intelligence Report" will guide
operators, manufacturers and the industry at large to where these
growth opportunities lie. From consumer behaviors and attitudes to
trends in facility and technology upgrades, such as:

Consumer Insights: As stores strive to gain a greater share of
stomach and compete with restaurants, c-store operators must understand
their customers—from daypart behaviors and attitudes to pricing and
quality expectations;

Menu Analysis: Variety is the name of the game today at c-stores,
and Technomic menu data spotlights the types of items that best
characterize c-store foodservice offerings;

Concept Profiles: Understand the playing field with profiles of
50 leading convenience store chains, including concept and menu
positioning, financial performance and corporate contact information.


– See more at:
http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=10E194C75C604048B628D5CFDD379F5A#sthash.SvwaO2eP.dpuf

Food Taste, Flavor And Quality Are Most Important For C-Store Foodservice Consumers: Technomic

Technomic Press Release

 
TAGS: vending, food service study, convenience story food service,
Technomic c-store report, retail foodservice Convenience Stores Market
Intelligence Report, fresh food sales, Donna Hood Crecca, c-store food
menus

 

PRESS RELEASE

Source: Technomic | Released Jan. 12, 2015
CHICAGO — Jan. 12 — Comprising approximately 28% of retail
foodservice and generating $11.2 billion in sales, proprietary
convenience-store foodservice has become a key area of opportunity
across the country. Technomic's "Convenience Stores Market Intelligence
Report" compiles exclusive data to understand market opportunities.

As the segment continues to face stiff competition and works to overcome
consumers' negative quality and freshness perceptions, Technomic
anticipates nominal growth of about 2% in both 2014 and 2015 (2.5% in
2014; 2.0% in 2015), and after adjusting for inflation, the overall
segment will be flat. Yet convenience stores serve as a prime
destination for younger generations and people seeking fast, on-the-go
options, and there are plenty of winning chains and opportunities for
growth.

"As more c-store brands increase focus on offering a wider variety of
fresh, high-quality foods and competition heats up across the segment,
understanding the convenience store foodservice landscape has never been
more important," says Technomic senior director Donna Hood Crecca.

Interesting findings from the report:

» Breakfast sandwiches continue to thrive on c-store menus, and their numbers climbed 20% from Q2 2013 to Q2 2014.

» More than 9 out of 10 consumers say the most important elements are taste and flavor of the food and food quality.

» Energy drinks saw a significant surge in availability at c-stores,
contributing to the category's nearly 23% growth in menu items.

The "Technomic Convenience Stores Market Intelligence Report" will guide
operators, manufacturers and the industry at large to where these
growth opportunities lie. From consumer behaviors and attitudes to
trends in facility and technology upgrades, such as:

Consumer Insights: As stores strive to gain a greater share of
stomach and compete with restaurants, c-store operators must understand
their customers—from daypart behaviors and attitudes to pricing and
quality expectations;

Menu Analysis: Variety is the name of the game today at c-stores,
and Technomic menu data spotlights the types of items that best
characterize c-store foodservice offerings;

Concept Profiles: Understand the playing field with profiles of
50 leading convenience store chains, including concept and menu
positioning, financial performance and corporate contact information.


– See more at:
http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=10E194C75C604048B628D5CFDD379F5A#sthash.SvwaO2eP.dpuf

Food Taste, Flavor And Quality Are Most Important For C-Store Foodservice Consumers: Technomic

Technomic Press Release

 
TAGS: vending, food service study, convenience story food service,
Technomic c-store report, retail foodservice Convenience Stores Market
Intelligence Report, fresh food sales, Donna Hood Crecca, c-store food
menus

 

PRESS RELEASE

Source: Technomic | Released Jan. 12, 2015
CHICAGO — Jan. 12 — Comprising approximately 28% of retail
foodservice and generating $11.2 billion in sales, proprietary
convenience-store foodservice has become a key area of opportunity
across the country. Technomic's "Convenience Stores Market Intelligence
Report" compiles exclusive data to understand market opportunities.

As the segment continues to face stiff competition and works to overcome
consumers' negative quality and freshness perceptions, Technomic
anticipates nominal growth of about 2% in both 2014 and 2015 (2.5% in
2014; 2.0% in 2015), and after adjusting for inflation, the overall
segment will be flat. Yet convenience stores serve as a prime
destination for younger generations and people seeking fast, on-the-go
options, and there are plenty of winning chains and opportunities for
growth.

"As more c-store brands increase focus on offering a wider variety of
fresh, high-quality foods and competition heats up across the segment,
understanding the convenience store foodservice landscape has never been
more important," says Technomic senior director Donna Hood Crecca.

Interesting findings from the report:

» Breakfast sandwiches continue to thrive on c-store menus, and their numbers climbed 20% from Q2 2013 to Q2 2014.

» More than 9 out of 10 consumers say the most important elements are taste and flavor of the food and food quality.

» Energy drinks saw a significant surge in availability at c-stores,
contributing to the category's nearly 23% growth in menu items.

The "Technomic Convenience Stores Market Intelligence Report" will guide
operators, manufacturers and the industry at large to where these
growth opportunities lie. From consumer behaviors and attitudes to
trends in facility and technology upgrades, such as:

Consumer Insights: As stores strive to gain a greater share of
stomach and compete with restaurants, c-store operators must understand
their customers—from daypart behaviors and attitudes to pricing and
quality expectations;

Menu Analysis: Variety is the name of the game today at c-stores,
and Technomic menu data spotlights the types of items that best
characterize c-store foodservice offerings;

Concept Profiles: Understand the playing field with profiles of
50 leading convenience store chains, including concept and menu
positioning, financial performance and corporate contact information.


– See more at:
http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=10E194C75C604048B628D5CFDD379F5A#sthash.SvwaO2eP.dpuf