Historically, supper is the meal that leads the restaurant industry out of recessions, but that won’t be the case this time, according to a new study by The NPD Group, a leading market research company. Supper is the restaurant industry’s largest sales generator but has been the weakest performing meal period for the past decade, reports NPD.
According to the NPD restaurant market research study, which examines how the supper market weakened and analyzes how each generation uses restaurants, multiple factors have contributed to the decline in supper visits. Among the most important factors is that the aging of the U.S. population has resulted in a fundamental shift in the profile of supper restaurant users. The study reports that whereas younger consumer groups had and continue to have the highest usage frequency of restaurant suppers, their pullback on usage has narrowed the frequency gap – and the sheer number of aging Boomers has increased the importance of more mature adults to the supper occasion.
“The fact that older consumers make up a larger portion of the population – and are lighter restaurant supper users – is part of the explanation for this slip in per capita visits, but not the full explanation,” says Bonnie Riggs, NPD’s restaurant industry analyst and author of the Getting a Grip on the Supper Market study. “Even if you subtract out the changing age composition of the population, restaurant usage for supper would still be slipping. While this is especially notable since the recession began, it was also visible between 2002 and 2007.”