Consumer needs channel food and beverage trends. Businesses in the F&B industry, whether restaurants, stores, or manufacturers, are driven by reputation. This means the industry should consistently be attuned to the wants and needs of its consumers. Consumers necessitate F&B business owners to ensure they cater to as many customers as possible. This is … [Read more...] about Food Market Research and Meeting Consumer Needs
Plant-based food retail sales in the US were worth $7 billion in 2020. Market research in plant-based food shows a 27% growth rate in the US for products replacing animal-derived options. Data shows that a total of 57% of U.S. households purchased plant-based food in 2020. We can all agree that the impact of pandemic on the F&B industry was enormous. However, the shift … [Read more...] about Plant-based Food Market Research Data in USA & Its Trend Analysis
With AI and ML growing phenomenally, it is safe to say that the future of food and beverage research and development lies in learning to sift through and analyze data. Spoonshot deploys AI and NLP to establish relationships between unstructured data points. While dining out is opening up again, the Food and Beverage industry has to contend with severe labor shortages and … [Read more...] about Spoonshot’s Insights For The Food & Beverage Industry
Beverage sales climbed during the pandemic, leading to increased innovation in the beverage industry to accommodate demands from different categories. Current food and beverage industry trends focus on transparency and keeping pace with evolving customer demands. Soft drink value and volume sales in the licensed trade last year were just over a third of 2019 figures, while … [Read more...] about 6 Beverage Industry Trends That’ll Encourage Beverage Innovation
The global market of ready-to-eat food products is expected to grow at a CAGR of 7.2% to US$195.3 billion by 2026. Food market research attributes this to an increasing number of people working longer hours. On-the-go consumption is an excellent option in these situations. Improved packaging techniques and advanced microwave technology have led to increased consumption of … [Read more...] about Food Insights: Is the Ready-To-Eat Food Market Expected to Expand?
2020 was … quite a year, to put it mildly. But, amidst all of the chaos, there were some moments of brilliance. Here is a list of our favorites! 1. Reduced Wastage An enforced lockdown has led to consumers being more aware of what is in their pantry and how to maximize resources. This has led to increased consciousness of the environmental consequences in tandem with the … [Read more...] about What Are Your Favorite New Food Ideas in 2021?
With concerns ranging from maintaining compliance across international standards amidst an evolving consumer landscape companies need to redesign their strategies. Food analytics is no longer optional, but a strategic imperative. Smarter strategies driven by predictive analytics in the food industry allow brands to keep pace with product commoditization, rising food … [Read more...] about 5 Ways Data Analytics Can Improve Food & Beverage Industry’s Bottom-line Performance
The food industry is consumer-driven. With consumer demands expanding and developing, innovation is necessary to maintain brand credibility and competitive advantage. AI in the F&B market is expected to reach US$29.94 billion by 2026, at a CAGR of over 45.77%. Additionally, leveraging AI allows various food and beverage startups to bring unique insights with … [Read more...] about Successful Food and Beverage Startups with AI and Robotics You Need to Follow
The pandemic has changed the face of the food and beverage industry. Enforced social isolation has led to restaurants having to innovate to stay in business. Let’s dive into some of the food service and dining trends of 2021 expected to continue into 2022. Healthy Food The pandemic has brought undivided attention to the kind of food being consumed. Restaurants have … [Read more...] about What Are The 2022 Food Service and Dining Trends?
Looking for food and beverage analytics companies to supercharge your product development decisions leveraging external data? Start here. The food and beverage (F&B) industry is one of the most dynamic sectors in the world, constantly having to innovate to keep up with consumer demands for something new and exciting. Market research has always been an important starting … [Read more...] about 5 Reasons To Use Food & Beverage Analytics