Published on : Mar 28, 2018
Albany, New York, March 28, 2018: Market Research Hub (MRH) has recently announced the inclusion of a new study to its mega-repository of research reports, which is titled as “Convenience Store Foodservice-US-March 2018”. This study highlights the convenience store foodservice in the U.S., which includes consumer behavior towards foodservice purchases in the market. Additionally, the report includes market size and forecast analysis, complete with market drivers that illustrate the forces that shape the overall digital trends market. In order to provide accurate results, the research considers total US sales and fan chart forecast of c-store foodservice sales, at the current prices for the forecast till 2022.
Research Inclusion and Key findings
Initially, this comprehensive research report starts with a market definition which provides details about the market and an executive summary of the report that gives an idea as to what is being projected in the report further. Moreover, the report provides insights into market perspective, issues, hidden opportunities in the market and competitive threats.
Convenience stores can be defined as establishments that retail a limited line of goods, primarily groceries and ready-to-consume beverages and snacks, in easily accessible locations. With the appropriate modifications to their operating systems and procedures, convenience store owners can slowly show a foodservice offering. Many items need to be addressed including a concerted effort in marketing outside the store to attract new customers. In the year 2017, total convenience store foodservice sales reached an estimated $38 billion in 2017. In the coming years, while foodservice sales will grow, analysts predict that growth will occur at a slower rate relative to previous years.
Another section of the report reveals that prepared foods command the largest share of the market. C-store food is getting better, but there is still room for improvement. Presently, it is important to have a loyal consumer base in the c-stores market that drives most foodservice purchases. Also, most C-store foodservice consumers want more choices/healthy options, in which C-stores respond to consumers’ interest in health. It has been analyzed that Four out of five consumers visit c-stores, while iGens represent core c-store customers. This is because C-stores satisfy various needs for heavy visitors. Considering these facts, it can be said that operators need to focus on converting more general customers to foodservice customers. New concepts can attract a more diverse audience.
Further, the research also finds that competitors in this market will experience strong growth. Some of the other major factors of the market include gas prices rebound only slightly, the creeping threat of electric cars, and the rise in road trips.
USPs of the Report
The report is created with the help of a team of expert analysts who have gone through an extensive research process in order to get useful insights into the market. The details are intended to help market players and other readers so that they could get all the information related to the market scenario and preferences of the targeted group. Once the data is collected through primary and secondary research it also goes under different levels of validation to confirm its precision.
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