Rabobank to Go: Foodservice 2019 – Global Outlook
In this edition of Rabobank to Go, Rabobank’s regular foodservice publication, the Consumer Foods team present the annual outlook for 2019.
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"Foodservice sales are expected to continue to grow, although some tempering is expected due to macroeconomic uncertainties across most geographies", according to Senior Analyst – Consumer Foods Paula Savanti.
Some key regional takeaways:
United States – The restaurant industry in the US had a strong performance in 2018, on the back of a positive consumer environment. Positive momentum will continue in 2019, but with risks on the horizon.
Europe – Growth in Europe remains steady, albeit it at a gradually slower pace. Spain will accelerate. Fast food is the industry’s pacemaker, and diversification will accelerate growth.
China – Growth in foodservice sales will continue, although at a lower rate than previous years. Digital and delivery will be the growth accelerators in 2019.
India – Socioeconomic drivers will keep foodservice growth in India up.
South-East Asia – 2019 foodservice sales growth will remain at levels similar to 2018.
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Where to go from here
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A Hard Landing for Some: US Trade Tariffs on EU Agricultural Products
Podcast: Tracking Snacking in Southeast Asia and India