- The Foodservice Opportunity
- Looking Beyond Retail
- Foodservice: The Next Frontier
- The Opportunity is Huge
- The Time is Ripe
The Opportunity is Huge
How big is the foodservice opportunity? The numbers speak for themselves. Conventional products sell into the retail and foodservice markets at an approximate 70/30 ratio – in other words, foodservice sales account for about 30% of total manufacturer shipments of conventional food products.
By contrast, Natural & Organic foodservice sales, currently $330 million annually, represent just 5% of all Natural & Organic manufacturer shipments. Assuming that Natural & Organic products will ultimately sell into retail and foodservice at same ratio as conventional products, the untapped foodservice market for Natural & Organic food products is about $2.4 billon per year.
Source: SPINS