Millenials will enter a food industry marketplace “enormously transformed,” according to the study, “Trouble in Aisle 5,” from global investment bank Jefferies and global advisory firm AlixPartners. The survey of 2,000 consumers in May finds changing demographics will transform how and where consumers find their foods, as well as the foods themselves.
New research indicates that the Millennial generation has a positive outlook on the future and are expected to increase spending on foodservice in the next year.
As the Baby Boomer population ages and embraces a more youthful culture, the market for cosmeceuticals is expected to grow. Also, a look at the science behind antioxidants can help manufacturers understand and avoid labeling pitfalls.
What’s a Virtual Trade Show? Attend One! Networking, presentations, supplier literature, exhibitor booths and the ability to ask vendors confidential questions in real time are all valued activities at an industry trade show.