Food Industry Trends 2023

As we journey through 2023 and beyond, the US food industry faces new challenges and opportunities.

A Just Food article highlights the main issues facing food industry executives and some key trends to keep an eye on. These include:

– Inflation: Expect continued moderation, but inflation isn’t going away anytime soon.
– Food-away-from-home sales: This service will exert a much more competitive force on brands doing business in grocery retail.
– DIY Strategies: Most companies will focus more on line and brand extensions and launching their own brands rather than making acquisitions.
– Consolidation trends: Some of the major companies will continue to merge and acquire other businesses.
– Plant-based meat returns to being a niche product rather than a mainstream one: This food category will largely return to being merchandised as it has been for decades.

What other trends in the US food industry are you watching in 2023?

We use cookies to give you the best experience.
Skip to content