2021 Food and Beverage Trends

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eCommerce drove 75% of the $3 trillion growth in global retail sales over the past decade, according to Euromonitor. This digital transformation is forcing retailers to redefine the use of traditional stores to enable immersive, personalized and optimized shopping environments.

For 90% of consumers, price continues to be the top purchase driver for fresh. The combination of recent inflation and the perception that frozen food costs less (held by 62% of consumers) is attracting more consumers to frozen alternatives.

By using behavioral insights and co-creation at this crucial stage, you can avoid wasting time and money, and build a concept from which you can measure the potential to impact people's lives.  

“Despite significant price premiums, sustainability-marketed products grew far faster than conventionally branded players and had lower price sensitivity in two-thirds of categories examined,” said Randi Kronthal-Sacco, senior scholar, marketing and corporate outreach, NYU Stern Center for Sustainable Business.

Beverage retail sales spiked in 2020 due to the impact of the coronavirus as consumers ate and drank virtually everything at home.

The compostable bags are currently available at Whole Foods Market and select retailers starting this month and are an example of PepsiCo's investments in breakthrough food packaging technology and the overall pep+ transformation.

Stacy's Pita Chips is continuing its commitment to helping female founders be found by partnering with Oscar winning actress and producer Reese Witherspoon and the media company she founded, Hello Sunshine, to spotlight the 10 inspiring winners of the 2021 Stacy's Rise Project.

Since originally launching in 2015, FoodBytes! Pitch has become a go-to experience for startups looking to validate and grow their businesses, generate global industry exposure, and access invaluable mentorship, as well as corporate and investor connections.

Listen to a discussion with Anne Greven, global head of food and agribusiness innovation, Rabobank, in advance of her presentation at Prepared Foods New Products Conference, Sept. 13-14 in Dallas.

Snacks represent a huge and diverse market as eating patterns have become less formal. Consumer demand for physical and mental energy boosts through the day continues to increase. In combination, these trends leads to growing demands for snacks with energizing properties.