top of page
Image by Brenda Godinez

FOOD & BEVERAGE 

2H 2023 INDUSTRY UPDATE

  • The widespread occurrence of gut-related problems in the American population is leading to the integration of gut-health boosting ingredients into mainstream foods, extending beyond conventional options like probiotics, yogurts, kimchi, and other fermented products.

  • Ethical buying, focusing on society and environmental impact, is gaining importance in consumer choices. About one-third of consumers are willing to pay more for sustainable products. As a result, trends like Upcycled Foods and Regenerative Agriculture are emerging fast.

  • By fostering transparency and emphasizing nutritional values in their processing methods, CPG brands can tap into substantial demand, as consumers are scrutinizing food labels more than ever and increasingly pushing back on processed foods.

  • Amid a cumulative 20% rise in US food prices over three years, consumers are still adapting to new price points despite moderating inflation driven by lower demand and substantially lower shipping costs.

If you are interested in getting our future industry updates as they get published, feel free to click the subscribe button.

OUR OTHER RECENT PUBLICATIONS

BUSINESS.png

2H 2023 Update

AI integration in BPOs enhances efficiency and customer satisfaction by automating tasks and providing data-driven insights...

WELLNESS.png

2H 2023 Update

Inflationary headwinds had minimal impact on consumer spending in the Health & Wellness sector...

PET.png

2H 2023 Update

Automatic and smart feeders are gaining traction as pet owners become conscious of managing weight and nutritional intake...

DISTRIBUTION.png

2H 2023 Update

Modern supply-chain security solutions are gaining significant momentum due to data sharing and the interconnectedness of ...

RESTAURANTS.jpg

2H 2023 Update

Fast Casual and Quick Service Restaurant segments have seen increasing consumer interest and valuations...

bottom of page