SOURCE: MarketResearch.com

MarketResearch.com

September 06, 2011 09:08 ET

Foodservice Disposables Market to Reach $19 Billion in 2015

ROCKVILLE, MD--(Marketwire - Sep 6, 2011) - MarketResearch.com has announced the addition of the new market intelligence report "Foodservice Disposables" to their collection of Food market research. For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Foodservice-Disposables-6480180/

U.S. demand for foodservice disposables is expected to approach $19 billion in 2015. 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, thereby creating opportunities for disposables.

Packaging products will achieve the fastest gains, helped by a healthy outlook for the large limited service segment, which accounts for half of overall restaurant revenues but generates a much higher share of disposables demand. Such restaurants are popular with consumers seeking convenience and value. Market trends such as widening limited service restaurant menu options and longer hours to incorporate breakfast and late-night snacking will also bode well for related packaging. The popularity of takeout food from full service restaurants and prepared foods from retail stores, along with increased restaurant catering activity, will also propel packaging demand.

Gains for serviceware (e.g., cups, dinnerware, utensils) will be supported by above-average growth for limited service restaurant and retail establishment revenues, and steady demand in institutional and other markets. Other factors providing momentum will be the increased focus on gourmet coffee and specialty cold drinks by quick service restaurants and convenience stores. Napkin demand will be moderated by cost- and waste-saving efforts, such as downsizing of napkins; the use of thinner and lighter materials; and the use of dispensers that limit napkins dispensed.

Eating and drinking places, which generated 66% of demand in 2010, are by far the largest market for foodservice disposables. Advances will be helped by above-average revenue growth for limited service restaurants, which rely heavily on disposables and hold strong appeal to price-sensitive and deal-oriented consumers. Moreover, the changing mix of menu items in limited service restaurants, such as increased salad and breakfast offerings, the increased presence of light entrees and breakfast foods in coffee and snack shops, and a growing focus on specialty beverages in quick service restaurants will propel disposables demand.

Rapid growth is expected in the relatively small fast casual segment of the limited service market. Fast casual restaurants will continue to gain share from quick service restaurants, as they satisfy consumer demand for fresher, healthier offerings in tandem with reasonable prices and an upscale atmosphere. Moreover, fast casual restaurants will increasingly capture share from casual dining restaurants at lunchtime due to their combination of value and quality perception.

The retail and vending market will be the fastest-growing market for disposables through 2015. Growth will be fueled by greater requirements for disposables due to the increased focus on prepared foods in supermarkets, warehouse clubs, convenience stores and other retail stores. Upgraded coffee and the increased availability of fresh salads and sandwiches in convenience stores will also assist disposables demand in the retail market.

For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Foodservice-Disposables-6480180/

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