Forecasting the next big food & beverage trends is never easy, but “Prepared Foods” magazine recently released predictions for 2018, including insights from Packaged Facts.
December 18, 2017US 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