The pandemic’s impact on coffee shops was significant. While no segment of the US restaurant industry was spared, the importance of morning commuter traffic to away-from-home coffee consumption meant the initial effects of lockdowns and work-from-home orders on channel demand were especially severe.
Consumers in Asia are prioritizing their wellbeing after coronavirus, accelerating the mindful drinking trend. In fact, 63% of millennials drink less to avoid long-term health risks or feel healthier, leading millennials to prefer drinking once a month, every few months…
The beverages industry, as with most areas of consumer goods, retail, and our wider society, has experienced the most tumultuous year that anyone can remember. According to Euromonitor International, total volume growth across all channels tracked was down 3% globally in 2020. While this may not sound like a lot, this is a significant figure in an industry where some degree of volume growth continued even during the Great Recession of 2008-2009.
In this webinar, we look at trends influencing the flexitarian or plant-based consumer. We highlight plant-based and other alternative protein products coming to market, products that allow consumers to enjoy the same tastes, textures, and versatility as animal-derived foods.