Propel Morning Briefing

Technomic reveals 2014 US foodservice growth forecast

Technomic has forecast US foodservice industry growth of 4.1% in 2014 – although there has been slippage in its 2013 expectations.

Since releasing its last forecast in January 2013, the industry has seen slight slippage in 2013 growth expectations for the overall industry from a nominal 3.9% (in January) to 3.8% (current projections). But some improvement is expected over the longer term, with 2014 industry growth forecast at 4.1%.

“In general, foodservice is still facing headwinds that are tempering consumers’ willingness to eat out,” said Joe Pawlak, Technomic vice president. “Slow employment gains and stagnant disposable personal income are a drag on growth.”

 

 

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