article thumbnail

Restaurateurs Foresee Bright Future as Fine Dining Turns Vegan

Modern Restaurant Management

percent CAGR between 2022 and 2032, and Plant-Based Milk sales will grow ~ 2x by 2032, says Future Market Insights. Plant Based Protein accounted for US$ 11.3 Bn in sales in 2021, while Meat Alternative Market experienced a year-on-year growth of 5.2 percent in 2021.

article thumbnail

‘Induction Cooking Improves Food Quality and also the Quality of Life for Chefs and Staff’

Modern Restaurant Management

Last year, the global induction cooktops market was valued at more than $9B, and is expected to surpass $15B by 2032. Sales of induction stoves are on the rise in the U.S., representing 18 percent of sales in 2023.

Chef 448
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Tight Labor Market: The New Normal

Modern Restaurant Management

percent in 2032 , indicating a tighter labor market may be our new reality for the foreseeable future. This scenario underscores a labor market gradually cooling from its post-pandemic fervor yet maintaining its robustness, evidenced by the ratio of 1.45 percent in 2022 to 60.4

article thumbnail

The Rise of Vegan Restaurants

Modern Restaurant Management

Mn by the end of 2032. According to Future Market Insights, the plant-based beverage market is expected to register a CAGR of 6.7 percent by garnering a market value of US$ 506,534.7 Organic juices, protein-rich beverages and plant-based coffees are widely consumed by people across the globe.

article thumbnail

Cava Expands in Midwest, Opens First Indiana Store

Foodservice Equipment Reports

It aims to have 1,000 locations by 2032. It measures 3,000 square feet, seats 40 guests and offers digital order pickup and delivery. Cava now operates in 26 states and Washington, D.C. In its 2024 fiscal year, it opened 58 net new… Source

52
article thumbnail

Vegan Confectionery Is Making its Way from the Margins to the Mainstream

Modern Restaurant Management

from 2022-to 2032. Vegan trends are not only limited to raw ingredients, but they are also spreading to other domains of foods and beverages, such as confectioneries. According to a recently published report by Future Market Insights, the global vegan cheese market is expected to witness a prominent growth rate of 9.3%

article thumbnail

An Unstoppable Growth in the Middle East: Focus on Accor’s Strategic Expansion in Saudi Arabia, the UAE and Qatar

Hospitality Net

From 2022 to 2032, the growth rate in the GCC’s tourism sector is projected to be 13.6% Accor is proud to have participated to the Future Hospitality Summit, which returned to Saudi Arabia this year, bringing together the Kingdom’s leading industry experts. with a potential market value of 65.5 billion USD.