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Home » Topics » 2023 Food and Beverage Trends

2023 Food and Beverage Trends
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The newest consumer and market trends new product developers in the food and beverage industry need to know for 2023.

ARTICLES

Food and Beverage Industry Trends

January US eGrocery Sales Dip 1.2% from Year Ago to $8.4 Billion

Continued growth for "pickup" and largest ever repeat intent gap between "grocery" and "mass"
March 24, 2023

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%.


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Top Four Food and Beverage Trends at NatExpo West 2023

JPG Resources identifies vegan, regenerative agriculture and fermentation trends on the trade show floor
- JPG Resources
March 23, 2023

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.


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National Restaurant Association Show Announces FABI Awardees

Product judges named 8 FABI Favorites for stand-out flavors in taste, creativity and ingenuity
March 22, 2023

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.


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At-Home Food Spend Remains Strong, Despite 13% Increase in Inflation

New IRI report reveals food and beverage dollar sales will moderate in 2023, but will remain higher than the historical baseline, even as volume sales decline
March 22, 2023

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.


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2023 NEW PRODUCTS ANNUAL

New Beverages Target Essential, Environmental, Experiential Benefits for Consumers

Most consumers look for overall money-saving value and continue to reduce non-essential spending at restaurants, grocery stores, and on alcohol
Erin Costello
March 22, 2023

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.


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Hormel Foods Brands Showcases Innovation, Sustainability Efforts

The Justin's and Applegate brand teams highlighted the latest innovations and new products at Natural Products Expo West
March 20, 2023

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.


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2023 Global Packaging Trends

Mintel explores the macro-environmental factors impacting the packaging industry
March 15, 2023

David Luttenberger, CPPL, global packaging director at Mintel, examined the political, economic, social, technological, environmental, and legal factors impacting global packaging evaluations, planning, and decision-making:


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Protein Investment Continues Critical Innovation Role

Investor appetite for alternative proteins remains strong despite challenging macroeconomic and market conditions
March 15, 2023

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.


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2023 NEW PRODUCTS ANNUAL

New Product Innovations Keep Bakery Foods Fun, Flavorful and Functional

Baking ingredients and mixes tapped a combination of diet and flavor trends in the past year
Tom Vierhile
March 15, 2023

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.


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Greg Steltenpohl Pragmatic Visionary Award Presents First Grant to a Regenerative Organic Certified Food Company

SIMPLi is an ethically-sourced ingredients company with a larger mission of tackling a fraudulent international supply chain
March 10, 2023

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.


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Food and Beverage Industry Trends

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Events

March 30, 2023

Plant-Based Foods + Beverages: What’s New? What’s Next?

Remember a child’s kaleidoscope? You put your eye to a cylinder fitted inside with angled mirrors and—as soon as you twist the end of the cylinder—there’s a changing pattern with the shifting of small pieces of colored glass. That’s also something of an apt description for the plant-based food and beverage market, which continues to capture attention as it grows and shifts.

April 18, 2023

Discover the Secret to Creating Exceptional Plant-Based Milks

Consumers are looking for plant-based milks with the protein content and mouthfeel of dairy. In this webinar, you will learn how our specialty enzymes can elevate your milk formulations from functionality to flavor.

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