BROPHY'S SANTA BARBARA
While 2020 was the hardest year the U.S. restaurant industry has ever faced, some
analysts and seafood suppliers expect to see the industry rebound in 2021.
Jon Pearlman, president of Congressional Seafood told SeafoodSource, “I think
restaurants are going to have a huge recovery. I believe that once more people are
vaccinated, there is going to be more of a push to support your local restaurant –
independently-owned restaurants especially. We are going to see a major boom.”
Pietro Satriano, chairman and CEO of the major foodservice distributor US Foods,
agrees but is more cautiously optimistic, believing that the industry “is poised for
recovery in the medium to long-term” because he sees significant pent-up demand from
American consumers for dining in restaurants.
Statistics appear to support this optimism, with NRA’s 2021 Trend Report showing
seafood items as the second-highest selling items on menus in the full-service sector,
which includes fine dining, family dining, and casual dining operators. Consumers
report that they can’t replicate seafood’s taste and texture in their home kitchens.
While it’s a fact that the COVID-19 pandemic upended markets, forced restaurant
closures, and changed the way society functioned, the seafood industry overall has
managed to see significant gains in the last year.
The real hero for the seafood category turned out to be retail, with the biggest winners
largely the higher-end items like crab and lobster. Sales in each of those two categories
jumped 87 percent, while scallop sales rose 64 percent, mahi sales went up 56 percent,
barramundi sales rose 70 percent, halibut jumped 52 percent, and sea bass sales rose a
remarkable 114 percent.
At the end of May, 2020, seafood was the fastest-growing retail category with a 26
percent increase in volume. By the end of June, fresh seafood sales had risen a full
59 percent, according to Nielsen data given to SeafoodSource.
The good news is that the pandemic clearly created new seafood consumers, and
research indicates that eating out is one of the activities that consumers miss the most.”
These two factors combined strongly support the foodservice research firm Technomic ‘s
bright outlook for restaurant performance in 2021. “While the COVID-19 pandemic
steamrolled foodservice, ongoing consumer and operator adjustments will result in a
positive outlook for the industry in 2021.”
BROPHY BROS.
Photo Credit Kcruts Photography
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BROPHY BROS.