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1993 Industry growth.

P King

    Food Management
    |October 5, 1992
    PubMed
    Summary
    This summary is machine-generated.

    Food purchases in noncommercial foodservice are projected for a slight increase of less than 1% in 1993. This growth, while exceeding 1992

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    Area of Science:

    • Foodservice industry analysis
    • Market trends in noncommercial food purchasing

    Background:

    • The noncommercial foodservice sector experienced minimal growth in 1992.
    • Industry performance benchmarks are crucial for forecasting future trends.

    Purpose of the Study:

    • To project the growth rate of food purchases in the noncommercial foodservice market for 1993.
    • To compare projected 1993 growth with 1992 performance and the commercial market.

    Main Methods:

    • Utilizing data from industry tracker Technomic Inc.
    • Analyzing historical growth rates (1992) and projecting future trends (1993).

    Main Results:

    • A projected increase of slightly less than 1% in noncommercial foodservice food purchases for 1993.
    • The 1993 growth rate is anticipated to be more than double the 0.3% growth seen in 1992.
    • The projected 1993 growth remains less than half that of the commercial foodservice market.

    Conclusions:

    • The noncommercial foodservice sector is expected to show modest growth in 1993.
    • The gap in growth rates between noncommercial and commercial foodservice markets is likely to persist.