US Multicultural Young Adults and Foodservice Market Report 2020
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Providing the most comprehensive and up-to-date information and analysis of the Multicultural Young Adults and Foodservice US market, including the behaviours, preferences and habits of the consumer.
What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
As of July 2020, over half (52%) of people use a video subscription streaming service, up from 44% in January 2020. Video streaming services, such as Netflix and Disney+, have seen a surge in subscribers since the outbreak of COVID-19, which has resulted in half of people spending more time watching TV/films. The impact of COVID-19 on media has been significant but varied, with digital media, particularly subscriptions services, performing well, while sales of physical media have fallen. Overall, the pandemic has accelerated media trends that were already taking place, such as the transition towards streaming services over traditional broadcasters.
Written by Mike Gallinari, a leading analyst in the Leisure sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The COVID-19 pandemic has had an outsized effect on multicultural young adult populations, both economically and from a health standpoint. This has affected how they judge foodservice providers, and to even be in contention for their dollars, the baseline requirements for restaurants are to keep customers safe and provide economic value.
Mike Gallinari
Leisure Analyst
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Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.