Online sales of foods and beverages are forecast to increase 32% per year through 2023.
July 22, 2020US 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, 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, 2016As the workplace changes, coffee service providers need to look to other markets to expand sales.
June 21, 2022US 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, 2017