As consumers strike the balance between sustainability and premiumization, packaging materials like glass are amalgamating these in-demand product attributes.
After 2020 dollar sales losses, the U.S. wine market looks to rebound while keeping the category relevant and exciting through emerging styles, formats and usage, experts note.
Tasked with protecting the contents of beverages, caps and closures also are seeing trends that impact sustainable measures as well as incorporating smart technology.
Ingredient supplier Flavorchem released the top trends in premium coffee innovation, which it notes was propelled during the pandemic as consumers look for elevated at-home coffee experiences.
Many of us are more than ready to bid adieu to 2020, but experts note the following on-premise trends: check values are higher; wait staff are earning higher tips; and consumers are “treating” themselves to more premium cocktails and spirits.
As the U.S. coffee market is adjusting to an increased work-from-home culture and a reduction of foodservice selections, in-home coffee consumption remains strong.
Premiumization, eCommerce will be more vital for recovery efforts
May 27, 2020
Although worldwide beverage alcohol volume increased slightly in 2019, reversing declines from the year prior, it will be five years before the global industry rebounds from the ongoing Covid-19 crisis, according to comprehensive new research from IWSR Drinks Market Analysis.
In the beverage market, developers are turning to emerging processing methods to stand out from competitors. One of those recent trends has been the proliferation of cold-brew processing for ready-to-drink (RTD) tea and coffee.
Whether it’s on the rocks, in a cocktail, blended or a straight shot, consumers’ thirst for premium alcohol continues to drive growth in the U.S. spirits market.