Top Food Industry Trends in 2023
We’re roughly halfway through 2023. In the constantly evolving world of food, it’s important to keep track of the latest trends shaping the industry this year. New culinary innovations, consumer preferences, and sustainable methods are transforming the way we produce and consume our meals. Sure, there is the rise of mood food, curry, and mushrooms, amongst other popular new additions to the dinner table domestically. However, our observations concern only the shifting patterns to imaginative culinary leanings. There’s no shortage of tempting tastes and intriguing elements to try this year.
Plant-Based Revolution
“The global plant-based meat market is projected to reach $13.8 billion this year.”
The writer of this blog is severely allergic to fish. Now, vegan seafood has entered the chat. From chewy shrimp to smoked salmon, the vegan seafood industry is a treasure trove for non-meat eaters.
This is just the latest addition to the plant-based sector. According to Grand View Research, the global plant-based meat market is projected to reach $13.8 billion this year. This surge in popularity is influenced by health-conscious millennials and Generation Z consumers, all of whom are motivated by health consciousness, ethical considerations, and environmental concerns.
Food producers are responding to this demand by developing innovative plant-based alternatives that mimic the taste, texture, and appearance of animal-based products. These companies are utilizing advanced technologies to create meatless burgers, sausages, and even seafood, using ingredients like pea protein, soy, and jackfruit. With these plant-based options becoming more readily available, consumers can enjoy delicious and sustainable alternatives without compromising on taste or nutrition – as well as maintaining their moral values.
Sustainable Sourcing & Farm-to-Table
Food waste reduction plays a vital role in sustainability efforts. Globally, approximately one-third of the food produced is wasted. In response, innovative solutions are emerging, such as upcycling food waste into new products and implementing more efficient packaging to extend shelf life. These initiatives reduce waste, provide cost savings, and improve profitability for businesses.
“By shortening the supply chain, the farm-to-table approach reduces carbon emissions associated with transportation and supports local economies. ”
Consumers are increasingly conscious of the environmental impact of their food choices, leading to a rise in demand for sustainably sourced ingredients and farm-to-table dining experiences. Restaurants and food establishments are partnering with local farmers to produce fresh, seasonal, and locally sourced ingredients.
By shortening the supply chain, the farm-to-table approach reduces carbon emissions associated with transportation and supports local economies. Consumers also care about connecting to the origins of their food, fostering a deeper appreciation and trust for the culinary experience.
Sustainable Operations
“The food and beverage industry has an overall sustainability score of 48.9– the third worst behind only construction and finance. ”
Despite food industry companies investing in solar panels for their facilities, increasing concerns around climate change have increased the pressure on manufacturers to improve their eco-friendly efforts. Currently, the food and beverage industry has an overall sustainability score of 48.9– the third worst behind only construction and finance.
Over half of business leaders reported increasing investment in environmental sustainability through their operations. F&B giants are implementing regenerative food systems across their global supply chain. Plants are increasing regulations and governance, including state limits on idling by delivery vehicles, which can reduce food loss and waste by 50% by 2030.
Sustainable Packaging
“ 74% of consumers are willing to pay more for sustainable packaging, including biodegradable and new renewable plastic variations.”
Packaging is also a main target; reportedly 74% of consumers are willing to pay more for sustainable packaging, including biodegradable and new renewable plastic variations. Products in the food and beverage market carry a fairly short life cycle; recycling options are part of eco-friendly purchase choices, with several brands focusing on making their packaging 100% reusable, compostable, or recyclable by the middle of the decade.
Packaging sustainability is most common in the food industry, wellness supplements, functional beverages, and ethical fashion.
Personalized Nutrition
“Companies are leveraging this knowledge to develop functional foods that address specific health concerns, such as weight loss, gut health, and inflammation reduction. ”
With advancements in technology and the availability of genetic testing, individuals can gain insights into their unique nutritional needs and make informed choices in regard to their diet. Nutrigenomics, the study of the interaction between genes and nutrition, is enabling personalized meal plans and food products tailored to an individual’s genetic makeup.
Companies are leveraging this knowledge to develop functional foods that address specific health concerns, such as weight loss, gut health, and inflammation reduction.
These technologies are rapidly increasing across digital platforms and mobile apps, each of which is empowering individuals to track their nutritional intake, monitor dietary goals, and receive personalized recommendations. This tech-driven approach allows consumers to take charge of their well-being and make specific dietary decisions that align with their preferences.
Food Tech & Delivery Innovations
“The global online food delivery market will reach $200 billion by 2025”
Food delivery platforms, ghost kitchens, and drone delivery services are reshaping the foodie landscape, providing convenience and efficiency to consumers.
In fact, Statista predicts that the global online food delivery market will reach $200 billion by 2025, representing a significant opportunity for businesses to tap into this growing trend. These platforms connect consumers with a wide range of restaurants and eateries, providing the convenience of ordering food from the comfort of their homes or offices.
In the wake of the COVID-19 pandemic, contactless ordering and payment systems have gained significant traction in the food industry. These systems will continue to be a crucial innovation, offering a safer and more hygienic dining experience. By using mobile apps, QR codes, and self-service kiosks, customers can conveniently browse menus, place orders, and make payments without physical contact. The adoption of these systems also enhances operational efficiency for businesses by reducing wait times and minimizing errors in order processing.
Functional Beverages
“U.S. sales for non-alcoholic functional beverages hit $395 million last year.”
Functional beverages help enhance body functionalities, including the immune system, weight management, digestive health, and heart rate. This is all due to the overt presence of vitamins, amino acids, minerals, and herbs. A major change in the beverage industry is moving towards functional beverages as interested consumers continue to push for new ways to improve their health.
The functional beverage is seeing incredible expansion, especially for those who want to explore a sober lifestyle. A survey from consumer insight platform Veylinx claims 46% of U.S. drinkers are trying to reduce their alcohol consumption and 52% enjoy non-alcoholic beverages. In fact, U.S. sales for non-alcoholic functional beverages hit $395 million last year.
We try to keep as trendy as possible, especially when it comes to the food sector. If you want to talk with some foodies, chat with us here.