Retail Market Trends

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Food and beverage industry reports about consumer attitudes and purchase behavior in the face of the COVID-19 crisis are piling up by the dozens. Brand managers are currently dealing with massive swings in demand, closures, new operating procedures and other shifts in business operations. TAKE THE SURVEY!

During this peculiar time when so many aspects of life are uncertain, assessing the present moment is difficult.

Here are five packaging innovation factors impacting and transforming brands across all industries in the coming year.

Discover resources available to industry and consumers on Coronavirus Disease 2019 (COVID-19) and food safety.

Just one week ago, only 48% of consumers expressed concern about the spread of the novel coronavirus. Today that number has risen to 72% according to week two of an ongoing weekly tracking study of 200 Americans across the country conducted by the Sterling-Rice Group (SRG).

“Never have we seen a movement evolve so quickly from fringe food group interest to mass adoption like we are seeing in the evolution of plant-based foods and lifestyles,” says Kiley Stone, associate culinary director at SRG. “This includes a growing spectrum of foods and new sub-categories of products all under the plant-based umbrella.”

In the contemporary consumer environment, the balance between health and indulgence is increasingly important. A new report from Innova Market Insights highlights the ice cream category’s growing focus on delivering pleasure without guilt.

Today's consumers are weighing taste adventure and convenience with new considerations related to what's better for me (diet and personal health) and better for the planet (ethics, sustainability).

New data released by The Good Food Institute (GFI) and the Plant Based Foods Association shows US retail sales of plant-based foods continued to increase by double digits in 2019, growing 11% and bringing the total plant-based market value to $5 billion.