NORMAL Keeping up with the rapid pace of change Keith Nunes in - PowerPoint PPT Presentation

Jul 15, 2023 •481 likes •1.03k views

THE NEW NORMAL Keeping up with the rapid pace of change Keith Nunes in food and beverage Executive Editor Food Business News Sosland Publishing Company Who is Sosland Publishing? Trends of the year A flood of venture capital All eyes on

THE NEW NORMAL Keeping up with the rapid pace of change Keith Nunes in food and beverage Executive Editor Food Business News Sosland Publishing Company
Who is Sosland Publishing?
Trends of the year
A flood of venture capital
All eyes on food start-ups Food and beverage start-ups have raised $9.5 billion across 2,100 deals globally since 2013. Source: CB Insights
The future of food? Ocean Hugger Foods Ripple Foods Soylent Memphis Meats Plant-based seafood Pea protein dairy “Meal in a bottle” Cell-based meat alternatives alternatives
Ground zero for innovation
A fragmented retail landscape
The transformation of food service Restaurant delivery Meal kit delivery “Virtual restaurants” Forecast to reach $11.6 Major QSR chains Kitchen United raised $10 million billion by 2022 partnering with third-party in funding round led by GV, delivery providers formerly Google Ventures
What’s next?
Stalled growth for industry leaders
Industry growth has slowed
Exodus at the top
Barriers to entry are lower than ever
Consumption on the decline Number of annual eating occasions An aging per capita in the United States population is contributing to 1,453 1,410 the decline in total eating occasions. 2018 2009 Source: The NPD Group
Title
What is driving this change?
Traditional purchase drivers Taste Convenience Price
New purchase drivers
The industry responds
Emerging eating patterns Keto Plant-based Paleo
Generational consistency
2018 trend of the year
Big companies catch start-up fever
M.&A. trend will accelerate
TECHNOLOGY
The digital shelf
Cellular agriculture
Lab to table Finless Foods
Genome editing The development of genome editing techniques holds extraordinary promise. Food Business News, October 30, 2018
Artificial intelligence
Whole genome sequencing
Obesity in the U.S. – 2011
Obesity in the U.S. – 2017
Sugar taxes
“If I had to pick one harmful thing, it would be starch – not sugar, but starch.” Dariush Mozaffarian, dean of the Friedman School of Nutrition Science and Policy at Tufts University Milken Institute's Health Summit
Dropping the ‘weight’ In a move that signals a consumer shift away from dieting, Weight Watchers has unveiled a new name, WW, and a new statement: “Wellness that works.” Food Business News, October 2, 2018
Natural, non-G.M.O. and organic
Trends to watch in 2019 Digestive health Plant-based Wakeful and not wired energy and the microbiome everything
Thank you! Questions? Comments? Keith Nunes knunes@sosland.com @FoodBizNews Keith Nunes

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