Retail Market Trends

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Without giving away too much of the content, here are some of the hottest trends you should be paying attention to if you plan on launching a food, beverage, or supplement in the next five years.

Five key 2023 trends from Innova Market Insights present opportunities for almonds, as an accessible, sustainable, and nutritious plant-based ingredient, to play a valuable role in keeping up with consumer and market demands.

Born out of a family recipe with Argentinian roots, La Porteña is a Portland-based, Latino-owned business that crafts locally sourced, high-quality, small-batch chimichurri. 

When it comes to eating plant-based foods, consumers are definite in which types of plant-based beverages and food they want to eat at home and which they eat from a restaurant or foodservice outlet.

The consumer products sector is entering 2023 with both optimism regarding financial performance and concern over ongoing disruption, according to Deloitte’s 2023 Consumer Products Industry Outlook.

A staggering 48% of all households surveyed reported engaging in at least one source of tech-enabled income generation in 2022, led by content creation, peer-to-peer commerce, and rideshare driving. This trend is driven by Gen Z- and Millennial-led households, where 60% of  respondents said they derived such income in the last year.

Plant-based consumer demand is shifting. No longer just a substitute meant to mimic animal products, plant-based is becoming a standalone segment, creating a wide new space for brands to let their innovation instincts grow.

Over the last year, cost and value for money have become more important to more than half of food and beverage consumers worldwide. Today’s shoppers are increasingly exploring money-saving strategies, such as choosing lower cost items and cooking from scratch. 

BELIEVER is making an initial planned investment of $123.35 million in Wilson County, located approximately 40 miles east of Raleigh, N.C., and includes plans to create over 100 new jobs over the next three years.