Online sales of foods and beverages are forecast to increase 32% per year through 2023.
July 22, 2020Since its introduction, White Claw hard seltzer has raced to the top of the “malternatives” market, even giving leading beer brands a run for their money. Is the product’s success driven by its quality, or is it a flash in the pan driven by novelty and social media trends?
February 11, 2020Historically, a simple mention of “100% Juice” was sufficient to encourage a consumer to purchase fruit beverages based on what appeared to be a healthy choice. However, with greater consumer awareness of the sugar content of juice, the movement of consumers away from sugary beverages, and the decline of traditional breakfast habits, fruit beverage shipments have been on a recent decline. As manufacturers change their product lines to appeal to new consumer habits, a range of new beverage options marketed as healthy has entered the market.
January 7, 2019Iced coffee beverages broaden the coffee playing field, satisfying refreshment-based consumer needs by carrying the beverage well beyond its morning daypart stronghold.
July 9, 2018US beverage production is forecast to reach 48.4 billion gallons in 2021. Increasing population and disposable personal income levels will help drive volume gains as consumers purchase more beverages. Rising output of drinks in categories such as bottled water and alcoholic beverages will offset declines in carbonated soft drink (CSD) production.
November 8, 2017US beer demand is forecast to reach 6.6 billion gallons in 2021. Rising disposable personal income levels will stimulate consumer spending on beer. However, over the 2006-2016 period, demand for beer in volume terms fell at an average annual rate of 0.3% as the market matured and beer lost market share to other alcoholic beverages, especially among key demographics including baby boomers and millennials.
August 28, 2017Whereas not long ago product development in the coffee creamers realm centered on new flavor varieties, leading marketers are now aggressively responding to consumers’ desire for clean label products. Part of the goal is to attract new customers by alleviating concerns about ingredients.
March 22, 2017Feb. 19 - This blog is based on the report Foodservice Tea Market Trends in the U.S. Save 10% at checkout with the code PFSAVE10. A bright future Given current industry momentum and tea’s pivotal role in helping limited-service players grow lunch and afternoon sales, we believe tea sales growth rates will trend slightly upward over the next few years, growing 5.1% in 2016 and 5.3% in 2017. Recent developments buoy our forecast, including Starbucks’ leveraging of the Teavana brand to grow i...
February 19, 2016