2023 Food and Beverage Trends

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The drop in total online grocery sales was entirely driven by Ship-to-Home sales, which declined 15% to $1.3 billion. Pickup posted the strongest gains, increasing almost 3% on a year-over-year basis to 4.1 billion, while Delivery grew less than 1%, holding steady around $3.0 billion. Collectively, the three segments captured just over 12% of total grocery spending in the month, slightly higher than a year ago and likely buoyed by strong overall grocery spending by US households. Excluding Ship-to-Home, the share of spending attributed to Pickup and Delivery was more than 10%.

JPG Resources identified 731 booths (23%) as having “vegan” food, and 401 booths (13%) that described their offerings as functional. Meanwhile, references to “regenerative agriculture” and “fermentation” mentions made up approximately 1% each out of 3,178 total exhibitors.

New this year, eight of the FABI Awardees have been selected by the judges as FABI Favorites as the most groundbreaking and influential of the year. The National Restaurant Association Show brings together more restaurant and hospitality buyers and equipment manufacturers than any other industry event and will be held May 20-23, 2023, at McCormick Place in Chicago.

This new report leverages IRI’s -- now Circana --  latest point-of-sale data, which reveals that at-home food and beverage inflation was up 13.2% in Q4 2022 versus Q4 2021. While consumption levels are continuing to soften, at-home food spend remains strong, with center store sales up 11.1% and perimeter sales up 6.3% in Q4 2022.

While 85% of consumers say rising inflation has had an impact on the way they shop overall, there are areas in which they are not willing to compromise. Today’s brands are being pushed to be different, accessible, and to seem premium and/or customized—all while driving cost savings for their own operations.

Hormel Foods global impact and innovation team members attended the conference's climate day, where over 50 environmental and sustainability experts presented on topics such as regenerative agriculture, traceable supply chain and sustainable trends in the food industry.

Over the past decade, the alternative protein industry has seen rapid growth in investor interest, with a total of $14.2 billion invested globally. Despite a high variance, investment in alternative proteins has doubled on average year over year. Amid challenging market conditions, alternative protein investment decelerated over the past year (alongside the 35% decline in overall global venture funding), decreasing from $5.1 billion in 2021 to $2.9 billion in 2022.

Bread and bread products posted the biggest decline with launches down nearly 11% during the first 11 months of 2022. Crackers launches dipped just more than 2%. Innovation trends around specific health claims softened in 2022.

The Award, honoring Califia Farms and Odwalla founder Greg Steltenpohl, seeks to encourage and support innovators, entrepreneurs, and change makers building a more positive, plant-centric food system.