Top 3 Trends for Food & Beverage Industry in 2020

Publisher: The Insight Partners

The growth of substitute products will possibly keep on accelerating in 2020, however the space will develop beyond the plant-based burgers & ground beef products that ruled 2019 with items imitating chicken, pork and fish. Although imitating food burgers will possibly be popular even this year, but the companies will still need to experiment with ingredients other than pea proteins, that can include mushrooms as well as chickpeas for that case. Furthermore, moving towards dairy space, alternative products might experience advancement in nutrition, texture and ingredients. This may perhaps be very challenging for its traditional competitors who have already been anxious. 

Here are top 3 trends predictable of impacting food and beverage industry in 2020.

Vegan Burger with products imitating Fish or Chicken: Plant-based burgers had become pervasive last year. Moreover, they were frequently seen in grocery stores shelves and restaurants menus across the world that made plant-based meat easily approachable to increasing its popularity as well as sales.Plethora of plant-based burger has been a much awaited news for vegans & consumers who have been looking forward for reducing their meat intake. On the other hand, burgers as well as ground beef are merely a tiny sector of meat options already available in the market.  As soon as the 2020 dawned, consumers have started looking for new alternatives options such as products replicating chicken, pork and fish.

Rising Demands for CBD-infused products: Despite of its regulatory concerns, CBD-infused foods & beverages have continuously been attracting consumers, mainly because consumers consider it as wellness medications. Moreover, according to a report it is already been using CBD (cannabinoids) for anxiety, chronic pain as well as insomnia regardless of lacking scientific evidences in terms of its effectiveness in any of these conditions. Also, a report tells that around 40% of consumers use the CBD for general wellness.

Hence, with already large number of consumers available in the market manufacturers are only waiting to get regulatory approvals in place.

Ahead of Pea Protein: Although pea protein has an extraordinary nutritional benefits and are even inexpensive for manufacturers to grow, process as well as supply, analysts report that pea protein are being pushed by growing demand.

On the other hand, mushrooms have started gaining consumers attraction, particularly for applications in meat-like snack. Moreover, other leguminous plant, such as chickpeas, will also see a boost in demand.