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Potato Foodservice Volume Stable in 2022/2023, Dollar Sales Up $1.9M Due to Inflation
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:
Weekly Potato Industry Insights
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