Cupcakes are still trending as the nation’s number one dessert, according to The Food Network. Likewise, in-store bakery cupcake sales were up 6% during the past three years, and cupcakes are penetrating foodservice menus at a rapid pace, says Rich Products Corp.
In its recently released “Future of LSR: Fast-Food and Fast-Casual Restaurant Consumer Trend Report,” Technomic explores consumer attitudes and behaviors at limited-service restaurants (LSRs).
Chefs' Warehouse, which distributes specialty food products to restaurants, country clubs, hotels, caterers and stores, paid $54.3 million to purchase Michael's Finer Meats LLC.
New research indicates that the Millennial generation has a positive outlook on the future and are expected to increase spending on foodservice in the next year.