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Items Tagged with 'food and beverage packaging news'
Despite the challenges, the combined revenue of the food and beverage market this year was $435.3 billion and is expected to grow to a staggering $857B by 2025.*
2020 was a year like no other. Yet despite the challenges brought on by the pandemic, most top food and beverage brands remained stable. In fact, the food and beverage industry is one of the only consumer product sectors to grow in the year.
The novel coronavirus pandemic has seen various food and beverage trends change drastically from pre-COVID. Consumers didn’t take to it well in March, but mid-summer they have seemed to settle into the “next normal.” Here are some of the most notable trends from this year, along with the Top 100 List on the following pages.
Fresh/deli prepared food has 96% penetration in the U.S., yet only 12% of shoppers visit deli with regularity; consumers want organic, locally sourced deli/fresh prepared goods.
The U.S. Food and Drug Administration has finalized a new food safety rule under the landmark bipartisan FDA Food Safety Modernization Act (FSMA) to help prevent wide-scale public health harm by requiring companies in the US. and abroad to take steps to prevent intentional adulteration of the food supply.
Rising ingredient costs and new legislation will be the main barriers to profitability for consumer packaged goods (CPG) companies between now and 2021, according to consumer insight firm Canadean.
The UK office of branding and design agency Hornall Anderson has designed new packaging for Asda’s range of own label tea, which just launched and includes black, speciality, green, fruit and herbal teas.