Wednesday, March 10, 2010

Primary Research and Quality Insights on Foods, Flavors & Ingredients

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Versatility of Mushrooms The average price of menu items using mushrooms in 2009 is $11.51, up from $10.75 in 2007.  
Prepared Entree Trends in 2009 There is a considerable difference in preparation and average prices between Center of Plate Entrees and Prepared Entrees. COP entrees include a whole cut protein, whether a chicken breast or tender, beef steak, pork chop, breaded shrimp or fish. The increased value of the protein results in a COP menu price ($14.00) that is $4 to $5 greater than a Prepared Entrée ($9.00).
Peppers Proliferate on Restaurant Menus Virtually all restaurant chains (85%) and independents (83%) integrate peppers into their creations. On average, chains use peppers in 8 or 9 entrees. Institutional use of Peppers is relatively soft with 53% incidence, however, the range swings from 75% incidence in colleges and B&I to 65% in hospitals to 35% in nursing homes on down to 20% in schools.
Sandwich Trends In chain restaurants (casual, midscale and qsr combined) consumers may expect to spend $6.86 on average for a Hot Sandwich and close to $6.69 for a Cold Sandwich. MenuMine tracks prices on a yearly basis and has been doing so for 14 years. Hot Sandwich prices in chains are up 12% since 2005 and 35%, if one wishes to go back to 2000. Cold Sandwich prices in Chains are 13% since 2005 and 26% since 2000.

Products and Services offered by Foodservice Research Institute

More Chains, More Insights

MenuMine, a menu information database for use by Marketing and Culinary R&D, provides a new perspective on menu item and flavor usage trends.

  • 145k+ Unique menu items cataloged by up to 120 unique characteristics.
  • Sample base of 1475 operations
  • MenuMine is unparalleled for data relevance and insight.
  • Category Incidence Trending and Market Size Projections.
  • Menu Price Trends go back to 1996
  • Dynamic Drill Down Spreadsheets and Chain BenchMarking
MenuMine Screenshot

Compare a Single Chain Menu to Competitive Set

BenchMark Reports thoroughly examine the menu of any given restaurant chain up against a competitive set of five other chains.

Analysis compares the performance of the Target Chain to the Competitive Set. Variables include:

  • Menu Part (Appetizers, Sandwiches, Entrees, Burgers, Salads and Sides)
  • Cuisine of Menu Item
  • Protein by Type/Cut within each menu part
  • Cooking Method by Protein Type
  • Leading Item Analysis
  • Menu Price Analysis plus many more.

Reports focus on "What is the Target Chain doing that is unique" and "What are Competitive Chains doing that the Target Chain should consider adopting?  Chain BenchMark reports may be custom designed for use by individual chains or by manufacturers and associations selling to chains.

Valuable Menu Data for Sales Propositions

Category Insights adds value and relevance to your sales presentation.  Category Insights comes from an objective and well respected third party.  Within the confines of a one or two page document, a wealth of valuable information can be provided to chain management, DSR's or brokers about any food, flavor or ingredient on the menu.  Category Insights examines and summarizes trends in menu incidence, flavor variety/assortment shares, category price trends, leading item types, cuisine positioning, key menu parts, new item additions, recent LTO's and many more.  The content of MenuMine Category Insights is totally up to you.  Tell us what you need and give us a few hours to prepare.

Menu Opportunity Reports examines current usage in multiple contexts including patterns by menu part, cuisine of item, protein type, market segment as well as associated foods and flavors.  Menu Opportunity Reports generally consist of 30 to 50 tables and graphs in PowerPoint format.  Source Data is provided in Excel spreadsheet format.  Subscribers to MenuMine get the added benefit of accessing MenuMine Custom Queries in order to track and build on the data development process.

Monthly updates on New Items and LTO's

Chains are constantly adding new menu items and promoting Limited Time Offers.  Monthly email reports keep you informed. More than 4,000 new items have been added to menus of the Top 500 chains in 2009.  But, 2,200 menu items have been deleted from Top 500 chains in 2009.  New items that are to earn a permanent status on the menu must meet various criteria for success.  Use MenuMine to thoroughly research each chain, market segment practices and menu item trends.

 

 

 

 

 

 

Custom Newsletter created for Idaho Potato

A monthly mailing containing the most recently announced LTO's sold by the top 500 chains.

Custom newsletters showcase your products!

MenuMine is loaded with information that is extremely useful to your association members, brokers and targeted restaurant chains. With an unlimited data resource like MenuMine, we are able to prepare and distribute newsletters that focus on a particular Menu Part, Flavor Enhancer, Ingredient, Cuisine, etc. Various newsletter packages are available focusing on frequencies of four times, six times and eight times per year.  FSRIN staff researches and composes the newsletter, designs the layout and develops graphics.

 

 

 

 

 

 

 

Custom Newsletter created for Idaho Potato

Custom Newsletter created for the Idaho Potato Commission examining trends of new menu items using potatoes.

Determine Market Share for your brand and all competitors

Brand Equity Share Trends®, The BEST Report®, is a comprehensive source of information to be used in market planning and tracking.

  • Best Reports provide information on market size and brand share for all competing brands within specific product categories.
  • Each BEST Report contains market size and brand share information analyzed for thirteen chain, independent and institutional segments and four geographic regions.
  • For seventeen years now (since 1992) the BEST Report has been the most accurate and cost effective way to monitor market size changes and to determine best trends and patterns of foodservice product categories.
Sample Slide from BEST Report

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MenuMine Trend

  • Emerging Sauces MenuMine has identified more than 2000 unique sauces and toppings in addition to another few thousand unique dressings, marinades, glazes, condiments, spreads, seasonings and dips. Needless to say, tomorrow's flavor heroes are now beginning...
  • Sauces and Condiments Chefs owe a debt of gratitude to the thousands of Prepared Sauce and Condiment manufacturers who sell to foodservice.  Ready made flavor enhancers save restaurants lots of time and they make lots of money for Sauce and Condiment purveyors. ...
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