Global Travel Media » Blog Archive Global food prices hike could drive consumers away from restaurant visits and into discount retailers as GlobalData survey confirms that 91% of consumers have a preference for cooking meals at home | Global Travel Media

Home » Statistics & Trends » Currently Reading:

[sam id="86" codes="true"]

Global food prices hike could drive consumers away from restaurant visits and into discount retailers as GlobalData survey confirms that 91% of consumers have a preference for cooking meals at home

September 18, 2021 Statistics & Trends No Comments
Huawei Black Friday Cyber Monday = Home Page

Hannah Cleland, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view on how this will impact consumer spending:

“Higher food prices combined with the ongoing economic impact of the pandemic will inevitably shift consumer spending priorities away from non-essential/luxury items like visits to hospitality venues, bars and restaurants and towards making savings on the household budget with more discount grocery shopping.

Restaurants could be affected by this as more people may opt to stay at home and cook rather than going out for a meal. There are a growing number of people cooking from scratch at home with a recent GlobalData survey confirming that *91% of respondents globally said that they had either started to, continue to, or are doing this more frequently, which suggests that this trend is here to stay.

“Although many people are on tightened budgets, there are opportunities for restaurants and foodservice outlets to capitalize on their access to higher quality or specialist products compared to those available to consumers in supermarkets and discounters.

“An effective service that has already gained traction during the pandemic is meal kits and the same GlobalData survey found that *53% of global respondents have started to, continue to, or are using meal kits more frequently. Meal kits provide a way for food outlets to continue engaging with consumers who can’t afford to eat out and cuts the overhead costs for businesses running a bricks-and-mortar venue.”

* GlobalData’s Q3 2021 consumer survey

0 0 votes
Article Rating

0 Comments
Inline Feedbacks
View all comments

Comment on this Article:







Subscribe To Receive Our Daily Global Travel Media Newsletter

The FIRST Australian-based news alert is to be delivered every Morning to your Inbox before you arrive at your desk.

Sponsor / Partners

Luxury Traveller by Robert La Bua – SideBar  Position -1
Top 25 Restaurants
Travel Index

 

ADVERTISEMENTS

TravelManagers Tower Banner Nov

ADVERTISEMENTS

ADVERTISEMENTS

ADVERTISEMENTS

ADVERTISEMENTS

TravelManagers Tower Banner Nov

GLOBAL TRAVEL MEDIA VIDEOS

 

 

 

Huawei – Black Friday / Cyber Monday Sales = Tower

Advertisments

Huawei Black Friday Cyber Monday Sales = Leader
Global Travel Media
0
Would love your thoughts, please comment.x
()
x
%d bloggers like this:
Global Travel Media
0
Would love your thoughts, please comment.x
()
x
%d bloggers like this:
sitemap