As demand for health and wellness solutions continues to rise, functional foods are gaining traction. However, there has been a notable shift from narrow functional benefits to a more holistic approach that considers the wellbeing of both body and mind.
Innovation is crucial to reverse volume decline and to build added value in the dairy industry that consumers are willing to pay extra for. This includes developing new products that meet changing consumer preferences, such as healthier and functional offerings as well as plant-based alternatives.
Increasing awareness of health and the environmental challenges facing the planet have led to accelerated action and investments by companies and governments. This is no different in the Asia Pacific region.
Download our presentation to: - Gain an overview of how locally relevant global consumer trends play out in Africa - Identify opportunities that companies can leverage to develop winning strategies - Understand how other industry players are winning in Africa
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Ageing, urbanisation and migration continue to be major factors shaping global population. The number of seniors around the world is expected to grow and with it the focus on wellness and health to increase. Meanwhile, rapid urbanisation and intensifying international migration is expected to have long-term implications for socioeconomic development across the globe.
The National Restaurant Association (NRA) Show took place in Chicago from 21-24 May 2022. As the foodservice industry recovers from the challenges of the pandemic, companies are focused on innovation to drive business. The show hosted attendees from around the world and featured the latest developments in food, drinks, packaging, and technology for the restaurant industry. Euromonitor International analysts attending the show observed several key trends driving innovation.
Plant-based meat could become a real future snack staple in the US. Demand is being fuelled by millennials and Generation Z, who want high protein, low carb, on-the-go snacks. Plant-based jerky ticks the same convenience and nutritional boxes as meat jerky, while avoiding associated health risks. Customers browsing the jerky aisle for sustainable snacks could become regular purchasers of plant-based options.