From continued efforts on mega-trends such as sustainability to rising ingredients such as CBD-infusions, 2019 is likely to be no less a year of change than those preceding it. We at agro and food processing after thorough look out what and what is happening in the food industry; chunked out few important changes and happenings that will influence the global food industry and examine what the year ahead looks like for the food industry.
It is worth examining the current state of the food industry and the changes that are likely to take place in 2019. Much of this change is not exactly new, but instead the result of burgeoning trends that have been slowly working their way into mainstream consumer behaviours. The industry’s transformation this year may be, rather than some shocking new innovation, the culmination of work that has been ongoing for several years. The trends the industry should be paying attention to are starting to become more accepted by consumers in everyday life and now is the time to capitalise on those trends. Here, we look at the mega-trends that will drive the food industry.
In 2019, both everything and nothing will be new in the food and beverage business. There are sure to be trendy products, major deals and paradigm-shifting innovations rocking the industry. But the major trend lines in the industry have all already started, and will continue to grow and develop this year.
Functional foods are going to become more refined and popular — especially with the potential addition of now-legal cannabinoid CBD. More big M&A deals — as well as many small ones — will chart the course for where Big Food is heading next. Packaging and production will continue to be more earth friendly, and companies will be moving closer to fulfilling their sustainability pledges. Products will continue to roll out to meet consumers’ health and wellness desires, and plant-based meats will keep making a dent in the market.
Here is a look at our projections for 2019 in food and beverage.