Premium Burgers Satisfy Consumer Cravings for Value
Consumers are relying on restaurants to provide value in hamburgers through premiumization, according to a new report from foodservice industry consultant Technomic.
-- Chain Leader, 9/15/2009 8:57:00 AM
PRESS RELEASE: CHICAGO--(BUSINESS WIRE)--Consumers are relying on restaurants to provide value in hamburgers through premiumization. According to a new report from foodservice industry consultant Technomic, consumers are willing to pay more for a specialty burger, especially a premium burger, than they are for a standard burger, regardless of restaurant segment.
"American consumers take their burgers seriously. It may be one area of foodservice where they are less willing to cut back, despite the current economic environment," says Darren Tristano, EVP at Technomic. "They expect to pay more for a higher quality, better burger, and are willing to do so because the value proposition is heightened."
| HOT TOPIC |
| Check out the Menu Development page for more restaurant chain menu promotions, rollouts and ideas. |
Hamburger trends, consumer purchase behavior and menu insights are detailed in Technomic's new Burger Consumer Trend Report. Select findings include:
* Consumers overwhelmingly (75 percent) ranked quality of meat as the first or second most important attribute in choosing a burger.
* One out of three consumers (35 percent) say they will pay more for a burger they consider to be premium, down from 45 percent in 2007.
* When asked what makes a burger premium, 72 percent of consumers said a high-quality type of meat (Angus, Wagyu) and 71 percent responded high-quality cut of meat (sirloin).
* Compared to 2007, preference for premium types and cuts of burger is growing. Today, 27 percent of restaurant customers prefer to purchase burgers made with Angus beef, compared to 20 percent in 2007. Additionally, 19 percent of consumers reported they would prefer to purchase sirloin burgers, up from 13 percent in 2007.
* Nearly half of consumers (47 percent) said they think restaurants should offer a variety of burger sizes, ranging from mini-burgers to half-pound burgers.
Based on more than 2,250 online surveys with U.S. and Canadian consumers, the Burger Consumer Trend Report was developed to give restaurant operators and foodservice suppliers vital market and consumer insights to drive business-building efforts in the burger category. Analysis of the latest menu trends was based on Technomic's MenuMonitor database and primary and secondary industry data. The report also includes analysis of current and upcoming burger trends, competitive insights into over 40 chains, segmentation data and demographics for specific burger chains.
To purchase or learn more about this and other industry reports from Technomic, please visit www.foodpubs.com or contact one of the individuals listed below.
About Technomic, Inc.
Technomic provides clients throughout North America with the facts, insights and consulting support they need to enhance their business strategies, decisions and results. Its services include numerous publications and digital products, as well as proprietary studies and ongoing research on all aspects of the food industry.
Consumers Expand Definition of Fast Food
01/12/2010No Ordinary Joe: Premium Coffee
01/14/2010Chain Restaurant Industry Growth Slows
03/30/2009Chain Leader
02/09/2010
