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Restaurant Evolution: How restaurants evolve to meet changing customer needs

In the highly competitive restaurant industry, it’s crucial to continually evolve and transform in order to stay relevant and attract customers.

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(Family Features) In the highly competitive restaurant industry, it’s crucial to continually evolve and transform in order to stay relevant and attract customers. Restaurant transformation involves re-evaluating the image, menu, ambiance and overall experience. It’s a process that can be challenging, but when done successfully, it can lead to increased customer loyalty, improved sales and long-term growth.

Take for example Fogo de Chão, which has practiced the authentic, centuries-old Brazilian grilling practice of churrasco, or cooking over an open flame, since 1979 at more than 70 locations around the world. Each meal is about discovery with a menu that’s fresh, unique, innovative and centered around premium cuts of grilled proteins, expertly butchered and simply seasoned using the culinary art of churrasco.

The full churrasco experience includes continual service of fire-roasted meats carved tableside, including house specialties like picanha (signature sirloin), filet mignon, ribeye, fraldinha (bottom sirloin), cordeiro (lamb) and more.

Consumers are always looking for new and exciting dining experiences, and a menu refresh can provide it. This can involve adding new dishes, changing the way existing dishes are prepared or presented and incorporating current food trends. For example, many restaurants are offering more vegetarian and vegan options to cater to the growing number of consumers adopting plant-based diets.

Leaning into this trend, Fogo de Chão is expanding its menu and Market Table offerings with new plant-based and nutrient-dense dishes, alongside an expanded Bar Fogo beverage program complete with traditional and clean, zero-proof cocktails. The plant-based offerings include menu innovations like Seared Tofu with Miso Black Bean Pasta and a hearty Roasted Power Vegetable Bowl that complements a myriad of dietary lifestyles. Taking it a step further, guests can enjoy indulgent, premium cuts within the churrasco experience at no additional cost. This added value introduces guests to new flavors in a low-risk setting by including a variety of options like bone-in ribeye, double-cut pork chop and lamb picanha.

Another important aspect of transformation is redesigning the restaurant’s physical space. A restaurant’s ambiance can greatly impact customers’ dining experiences, and a refreshed decor can help to create a more modern, welcoming and comfortable environment. With new locations opening in markets coast-to-coast, the experiential dining experts are revamping interiors to create unique and architecturally led dining spaces that create a memorable hospitality experience. The additions of lounge and conversational seating for more comfortable dining, large patio spaces for al fresco dining and open kitchens help immerse guests in the experience, which appeals to the modern diner.

In addition to these changes, restaurants may also need to re-evaluate and adjust marketing strategies as their customer bases change. This may involve shifting branding to appeal to a younger demographic, for example, or focusing on a specific type of cuisine or dining experience. Designed to enhance the guest experience and move beyond just a sit-down dinner, the churrasco experience at Fogo de Chão appeals to a younger, highly diverse audience with 87% of guests being Millennial, Gen X and Gen Z customers, 41% of whom are female.

Options like Bar Fogo, which features All-Day Happy Hour; shareable Brazilian-inspired bar bites such as Lobster and Shrimp Tacos and Queijo Assado, a grilled Brazilian cheese served with malagueta honey; South American-inspired cocktails, beers and wine; or The Butchery, where premium cuts of meats, carved in the traditional Brazilian style, can be taken to go for cooking at home, allow for new ways to experience the traditional cuisine.

“Nearly 45 years ago, Fogo was created on the strong foundation of authentic Brazilian hospitality and delivering unique experiences to our guests,” said Barry McGowan, CEO of Fogo de Chão. “Today, we’ve evolved from a small restaurant in the countryside of southern Brazil to a global category leader celebrating the culinary art of churrasco. Restaurant transformation is necessary to stay competitive in today’s fast-paced and evolving industry. All of our transformation efforts continue to be rooted in innovation to enhance the guest experience while remaining true to our Brazilian heritage.”

Learn more and find a local restaurant near you at fogo.com.


SOURCE:
Fogo de Chão

https://q5i.09c.myftpupload.com/category/food-and-beverage/

Rod: A creative force, blending words, images, and flavors. Blogger, writer, filmmaker, and photographer. Cooking enthusiast with a sci-fi vision. Passionate about his upcoming series and dedicated to TNC Network. Partnered with Rebecca Washington for a shared journey of love and art.

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Instacart and Uber Join Forces: Seamless Ordering from Restaurants to Groceries

Instacart and Uber partner to offer customers a seamless experience, ordering from restaurants and groceries in one app. Convenience redefined!

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In a strategic partnership that aims to bring more convenience to customers, Instacart and Uber Technologies have announced a collaboration that will allow Instacart customers to order from hundreds of thousands of restaurants through the Instacart app, powered by Uber Eats.

The partnership will introduce a new “Restaurants” tab in the Instacart app, providing a user-friendly interface for customers to browse menus, place orders, and track deliveries in real-time. This addition will complement Instacart’s existing service of ordering groceries from various retail banners across the United States. Instacart+ members will enjoy even more value, with $0 delivery for orders over $35.

The CEO of Uber, Dara Khosrowshahi, expressed excitement about the partnership, stating that the collaboration would bring the magic of Uber Eats to more consumers, drive more business for restaurants, and create more earning opportunities for couriers. Fidji Simo, the CEO and Chair of Instacart, highlighted the convenience that this partnership would provide, allowing customers to fulfill all their food needs from a single app.

"Image of Instacart and Uber logos, representing their partnership and convenience."

For Uber, the partnership provides an additional channel to generate more orders for Uber Eats restaurant partners. It also allows the company to expand its restaurant selection to millions of Instacart users across the United States, including suburban markets.

This collaboration is part of both companies’ efforts to support brick-and-mortar businesses. By providing technologies and solutions that help restaurants and retailers grow, Uber and Instacart aim to increase opportunities for these businesses to reach new customers and drive more sales through an enhanced Instacart experience.

Uber’s mission of creating opportunity through movement aligns with Instacart’s goal of transforming how people shop by partnering with grocers and retailers. Instacart’s partnership with over 1,500 national, regional, and local retail banners, as well as its network of shoppers, allows millions of people to conveniently shop for groceries from their favorite retailers.

The partnership between Instacart and Uber Eats opens up new possibilities for both businesses and customers, providing a seamless experience for ordering groceries and restaurant meals in a single app. With this collaboration, Instacart and Uber continue to revolutionize the way people access food and other goods, making it easier and more convenient for everyone.

https://www.instacart.com

https://stmdailynews.com/category/food-and-beverage

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Food and Beverage

Nomad Foods to Report First Quarter 2024 Financial Results on Thursday, May 9, 2024

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WOKING, England /PRNewswire/ — Nomad Foods Limited (NYSE: NOMD), today announced it will report results for the first quarter ended March 31, 2024 before New York Stock Exchange market open on Thursday, May 9, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details.

The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, May 9, 2024. To participate on the live call listeners in North America may dial +1-877-451-6152 and international listeners may dial +1-201-389-0879. Additionally, there will be a presentation to accompany the conference call and the call is being webcast. Both can be accessed at the Nomad Foods website at www.nomadfoods.com under Investor Relations. A replay of the conference call will be available on the Company website for two weeks following the event and can be accessed by listeners in North America by dialing +1-844-512-2921 and by international listeners by dialing +1-412-317-6671; the replay pin number is 13745160.

Enquiries
Investor Relations Contact
Amit Sharma, Head of Investor Relations
amit.sharma@nomadfoods.com 

About Nomad Foods
Nomad Foods (NYSE: NOMD) is Europe’s leading frozen food company. The Company’s portfolio of iconic brands, which includes Birds EyeFindusigloLedo and Frikom, have been a part of consumers’ meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com.

SOURCE Nomad Foods Limited

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Food and Beverage

Germany Leads the Way in Vegan Fast Food Boom: Health, Sustainability, and Animal Welfare Drive Market Growth

Germany’s vegan fast food market surges as health, sustainability, and animal welfare concerns drive demand. A delicious and ethical option.

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In recent years, the vegan fast food market has seen a significant surge in demand, driven by growing concerns for health, sustainability, and animal welfare. One country leading this growth is Germany, where the market is expected to experience a 4.7% compound annual growth rate (CAGR), signaling a strong European market.

One of the primary reasons for the rise in popularity of vegan fast food is the increasing focus on health. Many people are becoming more aware of the negative impact of meat-based diets on human health and are looking for healthier alternatives. Vegan fast food offers a range of options that are free from animal products and made from whole foods such as vegetables, fruits, and legumes, which are high in essential nutrients and fiber and low in unhealthy saturated fats.

Environmental concerns are also driving the demand for vegan fast food. The meat industry is known to have a significant impact on the environment, with animal agriculture being a leading contributor to greenhouse gas emissions, water pollution, and deforestation. By opting for vegan fast food, consumers can reduce their carbon footprint and contribute to a more sustainable future.

Ethical considerations are another major factor behind the growth of the vegan fast food market. Many people are concerned about animal welfare and are looking for ways to reduce their impact on animals. By choosing vegan options, consumers can avoid contributing to the exploitation and suffering of animals often associated with the meat industry.

The increasing demand for vegan fast food has led to an expansion of the market, with many fast-food chains and restaurants now offering vegan options. This has made it easier for people to access vegan food, and as a result, more people are trying it out. Social media has also played a significant role in promoting veganism and vegan fast food, with many influencers and celebrities endorsing it on their platforms.

As the market continues to grow, multinational fast-food chains are also playing a crucial role in shaping consumer preferences for vegan fast food. Companies like Taco Bell, Chipotle, Jamba Juice, and Starbucks have introduced vegetarian burgers, sausages, and milk, contributing to the expansion of the plant-based fast-food sector.

In response to the increasing demand for plant-based food options, Burger King Germany introduced a new range of affordable plant-based meals in 2024. This move not only caters to changing consumer preferences but also reflects the fast-food industry’s efforts to provide sustainable and environmentally friendly food choices. These menu items are particularly appealing to health-conscious customers seeking healthier options.

Overall, the future looks bright for the vegan fast food market, with a projected CAGR of 4.1% and a market value of US$ 28,198.30 million by 2034. With a growing focus on health, sustainability, and animal welfare, more people are likely to embrace vegan fast food as a delicious and ethical option in the years to come.

This article was obtained from a press release distributed via PR Newswire about a report release and from a blog post on Future Market Insight.. Click the link below to read it.

https://www.fmiblog.com/2024/02/23/vegan-fast-food-marketgrowth/

About the Author of the Report:

Nandini Roy Choudhury is a Client Partner for Food & Beverages at Future Market Insights, Inc. With over seven years of management consulting experience, she advises industry leaders and explores hidden opportunities and challenges. Her expertise lies in implementing effective processes and operating models that align with the business objectives of her clients.

“Her analytical skills are exceptional, and she frequently contributes thought leadership to discussions.”

Nandini possesses extensive functional expertise in various domains, including food ingredients, nutrition and health solutions, animal nutrition, and marine nutrients. Additionally, she has a good understanding of the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market players to develop strategies and methodologies that yield positive outcomes. One of her notable achievements is her contribution to process automation. She advocates for the integration of automation in manufacturing to bring about a comprehensive revolution in the sector.

Her primary area of specialization is corporate growth strategy, improving sales and marketing effectiveness, managing acquisitions and post-merger integration, as well as implementing cost reduction measures. Nandini completed her MBA in Finance at MIT School of Business, and she also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored various publications and has been quoted in journals such as Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI’s Extensive Coverage in the Food and Beverages Domain:

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

https://stmdailynews.com/category/food-and-beverage

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