Foodservice Disposables Market Eyes Growth
ROCKVILLE, Md. -- The future looks bright for foodservice, with one study estimating the foodservice disposable market will approach $19 billion in 2015.
According to the new market intelligence report "Foodservice Disposables," growth will be driven by accelerated foodservice revenue increases resulting from a rebound in the broader U.S. economy, which will stimulate increased frequency of dining out creating opportunities for disposables.
Packaging products will see the fastest gains, the report added, helped by a favorable outlook for the limited-service segment. Expanded limited-service menu offerings and extending hours to include breakfast and late-night snacking will also push packaging products toward projected gains. Furthermore, prepared foods from convenience stores and takeout food will increase packaging demand, it stated.
The report also stated the retail and vending market will be an area of strong growth for foodservice disposables. Growth will be fueled by greater requirements for disposables due to the increased focus on prepared foods in convenience stores, supermarkets, warehouse clubs, and other retail outlets. Upgraded coffee and the increased availability of fresh salads and sandwiches in convenience stores will also assist disposables demand in the retail market.
Rapid growth is also expected in the fast casual segment, according to the report, as consumers demand fresher, healthier menu items in tandem with reasonable prices and an upscale atmosphere.