Top 10 Trends in the Food and Beverage Industry (2023)

Food and beverage has witnessed a healthy growth over the past couple of years and with this trend there have been some significant shake-ups. The sector has moved increasingly from imitation to innovation. New technology is driving products such as bio-hacked foods which may not sound very appetizing as they are de-composed and then reconstituted based on artificial intelligence (AI). There’s also a deeper understanding of F&B components at the molecular level.

Quantum computing, as it is called, allows companies to simplify and speed up the process. And as new and fresh supplies are generated, it becomes a new source of competitive advantage.

On the other side of the spectrum, where the use of technology is frowned upon, we also see strong growth, mostly linked to vegan food trends. Non-vegans are jumping on board as they become more nutrition conscious. These flexitarians (or semi-vegans), as they are referred to, may constitute a new but broad customer base, but producers need to remain mindful about the importance of flavor when launching new products to this niche market.

As technological advances play an ever important role in the industry, the next big thing is getting into consumer’s homes. Companies have begun connecting the dots when it comes to consumer convenience, so the quest for dominating the online grocery shopping is on.

Amazon dash buttons, which allow you to order your groceries by the push of a button, is what I would currently call the epitome of customer convenience. But approaching technology from another perspective will also reap some greatly promising benefits in the future. Metis co-founder David Richey, who had helped set the quality and service standards which became the industry benchmark, says technology has been disappointing so far.

The principle use has been for better slicing and dicing of customer data for history and preferences - and for better targeting and analyzing populations for marketing purposes. But why haven’t we used AI more as a management resource?

He cites the possibility of using weather, finance and population data to forecast beef prices up to 24 months in advance or buy cattle futures to hedge the market. Social media analysis could be used along with demographic data to predict wine trends which could then result in contracts with local producers.

What are the new trends in the food and beverage industry you should keep track of?

Here are my top 10 food and beverage trends that will continue to challenge, disrupt and entice producers and consumers – bon appetit!

Plant-based foods

Top 10 Trends in the Food and Beverage Industry (1)

The hype about veganism is still going strong with great market potential, as consumers are looking at healthier lifestyles.

As meat- and dairy-free diets go viral backed by with celebrities, star chefs and supermarkets filling the aisles, the trend is also riding on the power of the Internet to spread the word: Veganuary, a vegan website provides tips on how to live well without sacrificing taste, educating consumers on balanced diets.

Along the same lines, another trend is on the brink of going mainstream: chicken, duck and meatballs made from animal cells, bypassing the need for farms and slaughterhouses, while significantly reducing the world’s carbon footprint.

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It may sound futuristic, but petri dishes are producing some promising results with this ‘clean meat’, as consulting firm Baum + Whiteman calls it. So will ‘from farm-to-table’ turn into ‘from lab-to-table’? Let’s see how this plays out …

Top 10 Trends in the Food and Beverage Industry (2)

Indian street food

Top 10 Trends in the Food and Beverage Industry (3)

The Asian street food trend has been around for quite some time.

Over the past decade, Asian concept restaurants such as Wagamama or Ping Pong Dim Sum have had a good run for their money.

But as different variations of Thai, Vietnamese or Korean BBQ shops and restaurants reach their prime, people are looking for new types of cuisines and combinations. With master chefs traveling around the world and bringing back new spices, flavors and textures, and introducing them into traditional recipes inspired by peasant food markets, there is a new star on the horizon that could just help the industry in filling any ‘after Asia cravings’.

Welcome to Indian cuisine. India, with one of the most diverse culinary landscapes, will provide plenty of options.

The use of aromatic spices, fruits and vegetables that are grown across this fertile country requires skill and mastery to avoid spoiling a dish. India’s vast geography and different demographic regions, all with their own traditions relating to their local cuisines, each with great differences in cooking techniques and cooking utensils, is just what the F&B scene needs right now.

Forget those green, red and yellow curries. What people want are grilled, smoked and seared dishes.

Baum + Whiteman predict new ethnic dining niches that will combine Indian cuisine local favorites. New but recognizable is the motto, such as in a tandoori chicken poutine or spicy lamb burritos. Can Indian cuisine become the next fusion cuisine?

The new fast casual

Top 10 Trends in the Food and Beverage Industry (4)

Á la minute cooking, fresh and healthy options, customer engagement and a variety of choices in the dish preparation process have proven to be successful in the fast casual segment in recent years.

In order for these establishments to succeed in the future, however, relying solely on freshness, healthy options and great flavors and textures will not be enough. Consumers are increasingly demanding food anywhere and anytime.

That means that fast casual operators need to think about how to provide fast home delivery, or drive-throughs or self-serve kiosks, to position themselves for competition from new entrants such New York’s Green Summit Group of virtual restaurants, accessible only online. Perhaps we will discover a new Vapiano with self-order stations similar to those found at McDonalds accepting payment by cryptocurrency?

Going cashless

Restaurateurs are beginning to phase out cash in their operations. This saves them time by avoiding bank deposits and also has obvious operational benefits: fewer handling errors and incidents of theft; and instead, greater transparency and liquidity.

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Either way, the industry is heading towards a cashless future with simplified payments made easy through PIN-less card contact payments or ApplePay.

Are we looking at future payments through electronic fingerprints, retina scans or even facial recognition?

One dish wonders or ODWs

Top 10 Trends in the Food and Beverage Industry (5)Single dish restaurants or one dish wonders such as shawarma bars, hotpot, Burger and Lobster, the meatball shop – you name it – authenticity works.

Single dish restaurants are still up and coming. It’s all about specialization, finding, and exploring niches that few if any players have ventured into yet, staking a claim and providing for a unique experience while optimizing inventories and bringing about greater profitability.

So far, this has been mainly savory but expect more sweet seductions or one dessert wonders to pop up.

What will be the next big thing after Dominique Ansel’s Cronuts, a hybrid donut/croissant and Alain Ducasse’s Choux d’Enfer puff pastry with a choice of fillings?

The advantage of the pastry world is that we can create everything and anything from scratch. So with millennials entering the job market, I wouldn’t be surprised to find some really exciting product innovations designed by highly skilled and creative individuals. Kryptonite apple pie anyone?

Values and ethics

2018 will be increasingly about connecting with consumers on different levels. More and more customers will look beyond the product itself as a standalone purchase and take into account values such as ethics and transparency.

Therefore, how companies demonstrate their commitment to their missions and visions will become increasingly important in the future.

Companies will need to consider how they give back to mother earth through organic and biodynamic production processes, a human approach to farming, as well as the reduction of waste, and recycling.

Self-service kiosks and Grab and Go

People are mobile, and always on the go. Over the past years we have seen the ‘grab and go’ trend develop and evolve into a new lifestyle.

People are more time sensitive, or as market research agency Mintel puts it, “time is of the essence”. The mobile snacking trend is only getting started.

Today consumers are looking not only for health-conscious snacks allowing them to bypass lengthy meal times, but also expect fast snacks to be good for them. This has given rise to companies promoting slow cooking with traditional recipes.

According to Mintel, there was a 214 percent increase in products in 2017 which included the mention of ‘slow’ in their product descriptions.

What’s new is that self-service kiosks, accessible 24/7, are becoming the new grab and go.

Japan has had, for decades, hot and cold F&B kiosks across its cities, providing for consumer convenience while taking advantage of an immense marketing opportunity – the product here and now, at the right temperature. We should see more such kiosks popping up soon.

Combined with innovative design, such kiosks can become a source of revenue at a marginal distribution cost, resulting in a further threat to the already-challenged traditional-brick-and-mortar restaurant model. Toutcru, a Lausanne self-serve kiosk concept that sells knife-cut tartare – a very sensitive dish from a food hygiene perspective – is only just the beginning of what we are looking forward in 2018.

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Homemade

2018 is also going to be the year of homemade products. As governments encourage the development of start-ups, there is a blue ocean that is just waiting to be exploited.

Micro-entrepreneur homemade F&B concepts are facilitated through delivery platforms such as JustEat, GrubHub, Deliveroo and other players.

According to McKinsey, some 82 percent of food orders come from households, with only 16 percent from offices, and that the busiest delivery times are on weekends. Annual growth is forecast at 3.7 percent.

Hence with the expansion of food delivery services, we should expect a lot more home chefs to come forward with their own unique products, providing for a wide selection of F&B offerings across all ethnicities.

But this market won’t be limited to stay-at-home moms and dads with a passion for cooking.

Hotels, making the best use of kitchen down times or semi-professional centralized production kitchens, will also become key players, using branded websites for distribution and maximizing profits through reduced fixed overhead costs.

Among with key success factors will be convenience, quality, healthy food, which is locally sourced and has ethnic appeal. Can we then expect a new series of TV shows featuring the most successful private chefs according to sales on distribution platforms?

Top 10 Trends in the Food and Beverage Industry (6)

Moringa

Top 10 Trends in the Food and Beverage Industry (7)

Moringa is the next kale. It’s a plant extract from the moringa oleifera (or horseradish tree) from India that is high in antioxidants and boasts great health benefits.

A report by the Sterling Rice Group states that moringa has “far more” protein, fiber, calcium and vitamins than matcha. Moringa is expected to go mainstream in 2018 so we should expect brands like Starbucks to introduce it into their product portfolio, or as Sterling Rice says “watch for moringa to become the next matcha latte or golden milk (turmeric) latte”.

Companion beverage bars

Acclaimed Michelin-starred chef Jean-Georges Vongerichten has once again anticipated the trend of homemade craft beverages. Over a decade ago, his non-alcoholic homemade fruit sodas such as Cherry-Yuzu, Ginger-Lemon or Passion Fruit-Lime were an essential part of his bar concepts.

The uniqueness and the art of homemade craft sodas and spirits are becoming ever apparent as new beverage concepts are being introduced into restaurants. Companion beverage bars, as the Nation’s Restaurant News calls these, are characterized as exclusive, customizable, highly-profitable bars focusing on homemade or handcrafted beverages.

New creations, ranging from smoked and grilled ingredients to alcohol-free plant-based liquors, signature house craft beers and customer-tailored drinks will become the new unique selling point and a source of competitive advantage.

In summary, these trends are a logical sequel to the evolution of the sector in recent years. We should expect to find some astonishing new concepts around honest, transparent, highly-customized and specialized F&B, while also being mindful about profitability in a traditionally low-margin industry driven by high labor costs. Such developments are greatly inspiring and provide momentum, calling for a paradigm shift in not only what we do and how we do things, but also why. The seeds sown over the last couple of years should result in a promising 2018 vintage in this exciting industry.

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(Video) Top 10 Food & Beverage Trends for 2021

Written by

Frank Schuetzendorf

(Video) Future of Food: What trends are shaping the food and beverage industry?

Former Senior Lecturer at EHL

FAQs

What are the current trends in the beverage industry? ›

The 2022 beverage industry trends include:

Innovative alcohol flavors and mocktails. Hybrid beverages. Various coffee formats. Plant-based and dairy-free alternatives.

Why is it important to learn the food and beverage trends? ›

It's important to understand how various trends are being used, and how consumers are reacting to them. All food and beverage industry players should be informed of emerging movements, and consider which ones to incorporate into their own business while keeping the consumer in mind.

What are the factors that can change the trends in the food industry? ›

They include:
  • ​Market attractiveness – ​How often a new food, drink or ingredient is consumed at one level influences its potential. ...
  • ​Cultural demand – ​Slightly less important than market attractiveness, cultural demand places an emerging product in context with other consumer trends.
10 Mar 2015

What are the current food preference Trends 2022? ›

The report also said eaters are refocusing on food that's better for them after choosing comfort foods during the COVID-19 pandemic. Immunity-boosting snacks and ingredients, plant-based sandwiches, and alternative sweeteners all made the list for the top 10 2022 trends.

Why are food trends important in hospitality? ›

These trends influence how consumers act and purchase, therefore, operators need to tailor products and product positioning to meet the needs of these consumer trends. The focus should be on providing credible, healthy, authentic food.

What foods are trending right now? ›

10 Current “Hot” Restaurant Food Trends in 2022
  • Plant-Based Foods Growing Like Weeds. ...
  • Zero-Waste Cuisine Takes Hold. ...
  • Healthy Foods That Are Good for Your Guts. ...
  • The Demand for Kombucha Set to Rise. ...
  • The Growth of the Superfood Powders Trend. ...
  • “Keto” is One of the Biggest Food Trends. ...
  • Cold Brew Coffee Set to Explode.

Is the food and beverage industry growing? ›

The food and beverage market size is expected to grow to $8.9 trillion in 2026 at a compound annual growth rate of 8.7%.

How is the beverage industry changing? ›

Traditional beverage companies are moving into the alcoholic beverage space, alcohol companies are exploring non-alcoholic drink options, food companies are moving into the beverage space, and so on.

What is the importance of food and beverage industry? ›

Serving safe food to consumers is the responsibility of the food and beverages industry. It helps to protect consumers from the risk of foodborne illnesses and allergic reactions. It is financially important for the food and beverage business as it reduces the product recalls which result in financial losses.

What is the future of food and beverage industry? ›

So, if you are curious about future trends in food and beverage industry in 2022, know that they will bear a clear signature of a health-conscious society. There is a wide awakening and growing inclination towards health and wellness and it will keep evolving for at least 3 to 4 more years.

Why food and beverage is important? ›

Food and beverage services sector contributes a great deal to the profits in hospitality industry. With the increase in importance of business meetings, a range of personal and social events, a large number of customers visit catering establishments frequently.

What are the emerging trends in the new food economy? ›

Sustainable Food Supply Chains

Consumers are expressing strong interest in sustainability. They increasingly want to know that the food they consume is produced in sustainable ways, the raw materials used are grown in sustainable ways and the packaging contributes to improved sustainability.

What are the current challenges in food and beverage industry? ›

Food and Beverage Industry Challenges and Trends
S NoF&B Industry ChallengesF&B Industry Trends
2.Stringent Regulatory LandscapeUse of Modern Technologies
3.The Pervasive Presence of e-CommerceTransparency, Sustainability, and Waste Reduction
4.Rise of VeganismIncrease in Demand for Plant-Based Foods
1 more row

What are the factor that influences the food and beverage industry? ›

These factors include:
  • Menu items.
  • Use of convenience foods.
  • Type of service.
  • Quantity of meals and number of meal periods.
  • Facility layout and design and production equipment.
  • Work environment and number of hours worked.

What is the meaning of food trends? ›

Food trends are widespread changes in food preferences. Some such trends prove to be long-lasting. Food trends are often discussed in magazines devoted to cuisine, and around the internet.

Where do food trends start? ›

Because trends start at restaurants. At least 70% of U.S. consumers indicate that their food preferences are driven primarily by what they encounter on restaurant menus—more so than what they find on grocery store shelves or in a recipe book.

What are the examples of food and beverage? ›

Segments
  • Beverage. Companies in this segment produce carbonated and noncarbonated soft drinks, bottled water, ice, and alcoholic beverages.
  • Dairy. ...
  • Fruits and Vegetables. ...
  • Grain. ...
  • Meat, Poultry, and Seafood. ...
  • Sugar and Confectionery.

What is the current trends in hospitality industry? ›

When it comes to hospitality trends related to marketing, there are a number of general trends to be aware of. These include the increased focus on local and voice search, increased use of virtual reality tours to sell hospitality products, a greater emphasis on personalisation, and the growth of influencer marketing.

Why are trends important in hospitality industry? ›

The trends in the hospitality industry will help you improve loyalty and communicate better with the guests than ever before.

What the 2022 consumer trends mean for food and drink? ›

Consumers will be seeking joyful products that amplify the flavours, colours, textures, aromas and interactivity that food and drink can provide. Flexible Spaces. Retailers, restaurants and brands can create multifunctional and meaningful spaces where consumers can connect, shop and eat in-person or online.

What is the future of food and beverage industry? ›

So, if you are curious about future trends in food and beverage industry in 2022, know that they will bear a clear signature of a health-conscious society. There is a wide awakening and growing inclination towards health and wellness and it will keep evolving for at least 3 to 4 more years.

What are the emerging trends in the new food economy? ›

Sustainable Food Supply Chains

Consumers are expressing strong interest in sustainability. They increasingly want to know that the food they consume is produced in sustainable ways, the raw materials used are grown in sustainable ways and the packaging contributes to improved sustainability.

What food trends will emerge and fade away in 2023? ›

so new trends in 2023 would include some nutrition based animal food products as well as food products free from animals that is Vegan. Many people would also turn to simplicity and culture in food as we can see on social media people are trying more of a traditional food than going for a street food or fast food.

What kind of industry is food and beverage industry? ›

The food and beverage industry includes restaurants, cafeterias, cafés, fast-food joints, pubs, delis, food manufacturing operations, catering businesses, food transportation services, and more. Work in this industry can range from packaging to preparing, transporting, and serving food or beverages.

What are the reasons for growth of food and beverage industry in India? ›

There are several factors that are driving this growth like rapid urbanization, changing lifestyle and food habits of the surging generation, increasing household consumption rate, etc.

What is the future of food and beverage industry in India? ›

The Indian food and beverage packaging market is expected to reach USD 156.25 billion by 2026, growing at a CAGR of 29.88 percent during the forecast period (2021-2026), according to Mordor Intelligence.

What are three significant trends facing food retailers? ›

Retail Management
  • The Rise of Healthy Food. Increasing attention to health maintenance through diet has put focus on fresh, organic and all-natural products. ...
  • Single Living Through Food. ...
  • Diversity in Food. ...
  • The Future Is Convenient. ...
  • Home Automation. ...
  • Cost Pressure. ...
  • Contribute!

What are the current issues in food industry? ›

Another environment-related constituent that forms a part of the present challenges of food and beverage industry is the issue of waste management. Undeniably, the food industry generates a considerable amount of waste, right from sourcing the raw material to food retailing and distribution.

How is the food industry growing? ›

Food manufacturing sales are projected to increase 7.4% in 2022, driven by: Historically strong disposable income and accumulated savings in 2021. Food prices remaining elevated. Robust export markets with food exports representing an estimated 36.8% of overall sales.

What food trends will be new or grow in popularity in 2023? ›

Other trending ingredients forecasted to grow in popularity in the new year, according to Whole Foods' top 10 list, include plant-based pastas, humanely sourced and certified chicken products, kelp, pet supplements, avocado oils and more “climate-conscious” brands.

What food trends will be popular in 2023? ›

10 Food Trends of 2023, According to Whole Foods
  • Yaupon. Yaupon is a caffeine-producing holly bush that can be found across the Southeastern U.S. ...
  • Pasta Made from Produce. ...
  • Dates. ...
  • A Poultry Revolution. ...
  • Kelp. ...
  • Climate-Conscious Callouts. ...
  • Retro Flavors. ...
  • Only the Finest for Fido.
6 days ago

What food trend will grow in popularity in 2023? ›

These are the most important food trends 2023 at a glance: New Glocal: the global food trade will become much more sustainable. Veganizing Recipes: classic dishes are given a new vegan interpretation. Regenerative Food: sustainable food does not always have to be organic.

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