SPECIAL:
THE GROWTH EDITION
within the workplace segment: We have to treat a manufacturing facility with 100% on-site population as diff erent to a banking company that may only have 50% on site on a given day.”
A PLANT-BASED EXPLOSION The popularity of meat alternatives and plant-based foods has been in the ascent for some time now, driven by climate change concerns and a new generation of consumers who are more conscious of eating healthy food that also comes with the right ethics.
It remains one of the fastest growing trends and is set to get even bigger. According to Statista, the global plant-based food market is expected to reach $77.8bn in 2025.
Further growth is expected. The forecast projects that by 2030 the market will have more than doubled. For 2022, the model expects a market worth $44.2bn.
It means the consultant has to bear in mind that the same populations assigned to a building may now have very diff erent foodservice results in order to be successful. “We can no longer assume that everyone comes into work every day and in fact it is safer to assume that they do not,” she says.
Growing global footprints
Fast-food chains are poised to capitalize on the opportunities, and many have stated bold plans to grow. According to Market Data Forecast, the rapid expansion of fast- food chains will be a major contributor to their future, which is envisioned to reach $931.7bn by 2027, an almost $300bn growth from 2021.
And it is not only western brands
heading east. Jollibee is the largest fast- food chain in the Philippines, where it operates over 1,300 locations. It is perhaps not so well known in the US, but that could soon change. The brand, which specializes in Chickenjoy, a signature fried chicken described as “crispylicious on the outside and juicylicious on the inside”, is planning a major expansion in America. The company currently operates just 63 US locations and 25 in Canada but is planning to increase its presence in North America to 300 by 2024. One very well-known chain in its home
country, Wendy’s started the year making bold statements too, saying, it will be opening 1,200 new locations by 2025. And in a development completely in keeping with current trends, not all of those locations will be restaurants. 700 of them are going to be opening in the form of ghost kitchens. These locations will grow Wendy’s global footprint by
60
OF GLOBAL PLANT-BASED FOOD MARKET, BY 2025
$77.8 BN EXPECTED VALUE
FIVE GUYS STORES – GROWN FROM THE FIVE SET UP 20 YEARS AGO
CURRENT NUMBER OF 1,500
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