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The Future of Food Health-Focused Brands in the Fast-Food Industry Based on the Analysis of Chipotle
- 1 Department of Management, University of Toronto, Scarborough, Canada
- 2 Department of Management, University of Toronto, Scarborough, Canada
- 3 Department of Management, University of Toronto, Scarborough, Canada
* Author to whom correspondence should be addressed.
Abstract
Healthy and sustainable food eating has become one of the significant trends in customer behavior. Academics and media research have found the significance of embracing new consumption habits, food choices on nutritionally adjusted meals, and increasing consumer health awareness. However, more research is still needed on the development opportunities of the fast-food industry in response to this new consumer behavior. Therefore, this article will use Chipotle as an example to demonstrate the financial opportunities of the fast-food industry's change toward healthy eating. This article uses research on healthy eating development, trends in the fast-food industry, balance sheets, and financial ratios. We have employed the analysis of Chipotle's financial statement and forecast the development of the fast-food restaurant from 2024 to 2028 after it accepts healthy eating. Research has found that customers' attitudes are changing. Consumers now prefer natural, high-quality fast food; introducing healthy products is financially rewarded with higher sales growth. This kind of brand will gain traction and boost profit. Various brands should also launch new products that focus on healthier alternatives.
Keywords
Fast Food Industry, Health trend, Eating habits, Chipotle.
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Cite this article
Liu,J.;Wu,H.;Zhou,Z. (2024). The Future of Food Health-Focused Brands in the Fast-Food Industry Based on the Analysis of Chipotle. Advances in Economics, Management and Political Sciences,115,84-90.
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Volume title: Proceedings of ICEMGD 2024 Workshop: Innovative Strategies in Microeconomic Business Management
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