Whether quick-service, fast-casual or a full-service restaurant, consumers are experimenting with new flavors and seeking more premium offerings like specialty coffee, cold-brew coffee and iced tea while dining out. Recognizing that beverages drive profit, foodservice operators have expanded their offerings in the restaurant industry, experts note.
“The restaurant industry continues to see steady growth and is predicted to see annual increases of about 4 percent over the next five years to reach $669 billion by 2021,” states Chicago-based Mintel’s April report titled “American Lifestyles: Finding Common Ground – US.” “However, it’s worth noting that the uncertainty surrounding the immigration policy of the current government administration is of strong concern for every segment, from fast food to fine dining.”