What gives you confidence that plant-based protein will be an enduring trend?
The restaurant industry is undergoing a broad technological renaissance that spans digital ordering for pick-up, third-party delivery and point of sale software. Further, we are seeing technology extend to menu innovation, as plant-based proteins have emerged as the greatest disruptor to the restaurant industry in 2019. With consumers paying a premium for products and services improving sustainability, speed, convenience and wellness, food technology is a disruptive theme that is bolstering sales, spurring innovation and ripe for M&A.
What we’re watching:
- Plant-based proteins
- Restaurant POS
- Pay Fac
Survey data lead us to believe that plant-based proteins are an enduring sales driver rather than a fad.
Andrew Charles, CFA, Restaurants Should Root For Plant-based Proteins