3 Food and Bev Trends to Look Out for in 2021
2020 came with some huge changes for a lot of different industries and really forced us to reevaluate some things to be better prepared for the future. By any metric 2020’s events will continue to influence consumers choice over the years to come.
Lets check out some trends that have real potential in 2021 and beyond.
Online Grocery Continues to Boom
According to a study by Mercatus online grocery is expected to double its market share by 2025. Covid-19 and the response to the pandemic has only accelerated trends this trend of going digital.
Sales are expected to reach $250 Billion by 2025. Ubereats, grubhub, instacart, and many more all stand to reap the benefits of this evolving market.
Plant-Based Sales Expand
One of the affects of Covid-19 and the pandemic was that consumers often felt comfortable experimenting with brands they had not tried before. Many of these brands would fall under the plant-based umbrellas.
Through October of 2020 according to a study by Nielsen, meat alternative sales were up 129%…