2023 Food and Beverage Trends

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The initiative will bring regenerative agriculture practices to over 100,000 acres of farmland—nearly double the amount of acres needed to grow the amount of wheat used in DIGIORNO pizza. The work will help the company accelerate the transition to regenerative agriculture in its supply chain.

Interest in functional nutrition is on the increase in many countries, with growing numbers of consumers globally, including in the US, saying they choose products that positively boost nutrition, immunity and (gut) health.

The finalists represent a diverse range of emerging businesses in the categories of consumer-packaged goods, beverages, market analytics and technology, sustainable packaging solutions, and environmental impact and waste reduction. 

The fund announcement comes on the heels of the landmark USDA approval of cell-cultivated meat to US consumers last week.

The specialty market is composed of 63 food and beverage categories which combined account for nearly 22% of retail food and beverage sales. 

This year’s recipients, who are being honored for their contributions throughout 2022, include brands ranging from two to 28 years on Whole Foods Market’s shelves. The awards, now in their 11th year, were previously called Supplier of the Year Awards.

For a variety of reasons, consumers have expanded the scope of their demand for products featuring low or no sugar content. In response, food and beverage formulators have invested in research and development to uncover further innovative approaches to ingredient technologies. In tandem with the consumer and industry momentum in the sugar reduction category, additional market forces may contribute to future investment in sugar reduction product development. Prices of raw sugar and cocoa touched 10-year and seven-year highs respectively in April 2023, The Smart Cube reports, due to tight supply and rising demand for both commodities.

The FDA considers the term “natural” to mean that nothing artificial or synthetic (including all color additives regardless of source) has been included in, or has been added to, a food that would not normally be expected to be in that food.

Hillenbrand, Coperion, and Purdue University hosted a dedication event at the Purdue Food Science Pilot Lab to commemorate the donation of a Coperion ZSK 27 Mv PLUS Extruder. The donated extruder, valued at more than $900,000 is an important addition to Purdue's Food Science Pilot Lab because it expands testing capabilities within the alternative protein food category and provides Purdue students with hands-on opportunities.

The 2022 New Product Pacesetters achieved a staggering $6.8 billion in combined year-one sales across food, beverage and nonfood solutions, compared to $6 billion in 2021 Pacesetter sales.