Potato Foodservice Volume Stable in 2022/2023, Dollar Sales Up $1.9M Due to Inflation
March 28, 2024
The 2022/2023 Foodservice Volumetric Report, conducted annually by Technomic, Inc., on behalf of Potatoes USA revealed the following:
While potato volume in foodservice remained relatively stable YOY, dollar sales are up $1.9 million due to inflation.
Operators are combatting inflation by reducing portion sizes.
Consumers are responding to high menu prices by refraining from ordering sides. This is resulting in slower-than-usual traffic for the foodservice industry, despite projections that it will grow to a $1 trillion sector by 2024.
Limited-service restaurants (LSRs) are contributing significantly to that growth, especially in the areas of shareables and lunch, where there is significant opportunity to drive more potato volume.
In times of constant change, potatoes can help provide a sense of stability for operators.
Check out Potatoes USA’s summary of the report findings.
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