2020 Food and Beverage Trends

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Covid-19 has affected bakery players in different ways. With foodservice representing as much as 70% of their sales, frozen bakery players have seen reduced orders as food consumption changes from restaurants to home kitchens.

The National Restaurant Association Show announced the recipients of the 2020 Food and Beverage (FABI) Awards, recognizing food and beverage products that are breaking new ground in taste, creativity, packaging, and profit potential.

The primary purpose of the platform is to bring vast efficiencies to the food supply chain, while also serving as a critical tool in times of need. Retailers requiring additional resources to fulfill needs at grocery stores, are connected with sellers that have capacity of products, transportation services, labor, and warehousing services.

Times change, and so do consumers’ tastes. After all, there’s a reason the phrase “flavor of the month” exists. Capturing interest, and the harder job of holding onto it, is a constant challenge for food and beverage producers. 

Campbell Soup Company announced new packaging sustainability goals to reduce packaging waste by increasing circularity—keeping materials in use and out of landfills. The four goals are designed to address all phases of the packaging lifecycle, from sourcing to end-of-life, including recycling or composting.

The US consumer packaged goods industry increased by 2.2% in 2019, outpacing 2018 growth of 2.0%, according to the eighth annual Boston Consulting Group (BCG)/IRI CPG study released at the end of March. The growth was driven exclusively by pricing adjustments in the face of declining average volumes across measured channels. Despite the volume drop, top growth leaders saw their volumes increase over 2018.

The COVID-19 pandemic is likely to alter consumer behaviors permanently and cause lasting structural changes to the consumer goods and retail industries, according to findings of an Accenture survey of more than 3,000 consumers in 15 countries across five continents.

As an industry we’ve read lots of published research on consumer attitudes and purchase behavior during the COVID-19 crisis. Those who manage existing food and beverage brands have been in the thick of it, dealing with huge swings in demand, closures, new operating procedures, and the like.

Aleph Farms, Ltd., announced its new sustainability strategy: to eliminate emissions associated with its meat production by 2025 and reach the same net-zero emissions across its entire supply chain by 2030.