UPPER SADDLE RIVER, N.J., Dec. 20, 2018 /PRNewswire/ — The Food Institute forecasts eating away-from-home sales growth will outpace at-home in 2019, according to its webinar “An Honest Look at 2019 Food Industry Trends.” Brian Todd, president of The Food Institute, predicts 5.1% growth for eating and drinking places in the coming year and 2.8% growth for food and beverage stores.
Among the trends for 2019, The Food Institute sees plant-based foods, cannabis and updated vending concepts growing in popularity. Fuel and driver issues will continue to be problem areas for the distribution sector, while Amazon will remain a company to watch as it expands its capabilities in brick-and-mortar, meal kits, private label and even drone delivery.
“I believe we’ll see many companies following this trend of using technology to update traditional service models, as we see the merging of convenience, local and trying to meet consumer demand for something natural and locally produced,” commented Todd.
Additionally, presenters from Blueberry Business Group noted this may be “the end of the food industry as we know it,” adding that other key themes for 2018 and beyond include: the shifts behind the shift – the way consumers live, work and play; and the highest forms of entrepreneurship the industry has ever seen. The firm’s president Debra Bachar said areas of disruption include food delivery, deep discounters and private labels, voice technology, and the alignment of food and healthcare, while senior advisor Bill Pierrakeas detailed the drive behind increasing levels of investment in food industry startups.
They added that venture capital investment results from industry giants have been mixed, and the strategy of established companies buying emerging competitors once they reach a certain scale is yielding diminishing returns.
To receive more insights from this comprehensive webinar visit: https://foodinstitute.com/events.
Looking ahead at 2019, the Food Institute will delve deeper into one anticipated trend for the coming year: cannabis and CBD-infused food and beverages. Save the date for a detailed webinar on this topic on January 31 with consulting firm AT Kearney and cannabis solutions company Sproutly.
About The Food Institute
The Food Institute has been serving the food industry with relevant, timely and uninterrupted information for 90 years. It serves as a trusted source, providing balanced coverage of the issues through business newsletters and online research tools. The Food Institute is the publisher of several daily, weekly and annual publications, as well as the host of several webinars and seminars during the year to provide in-depth information and analysis on food industry relevant topics. For more information, visit www.foodinstitute.com.
About Blueberry Business Group
Founded in 2000, Blueberry Business Group Ltd. is a leading consulting firm focused exclusively on the food industry. Blueberry provides customized, objective strategic advice and facilitated workshops that enable Boards, CEOs and executive teams to pull the future of the food industry into their organizations today. For more information, visit www.blueberrybusinessgroup.com.
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SOURCE: PR Newswire