The coffee industry is constantly growing and evolving to keep pace with current market demands. Something we are going to be seeing a lot of is experimentation. Access to global cuisines and flavors is par for the course for younger generations today. This experimental approach applies to current coffee trends as well. While boomers even today gravitate towards … [Read more...] about Top Coffee Trends To Watch Out For This Year
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
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?
This is our first piece of content as part of a series of research related to the effects on the F&B industry caused by the COVID-19 pandemic and the resulting economic meltdown. It is primarily for US based audiences. Firstly, we want to give a huge and heartfelt thank you to all the essential food workers on the frontline for their commitment and courage in the fight … [Read more...] about COVID-19 Impact on the Food and Beverage Industry: Part 1