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Are you operating a Café or a restaurant or a QSR or a chain of them and you want to know the trends of 2023?
Then this video is for you..
HELLO EVERYONE, MYSELF DR. RUPAL AGARWAL FROM YOUR RETAIL COACH, WE ARE RETAIL & ECOMMERCE MANAGEMENT CONSULTANTS, AND TODAY WE ARE GOING TO DISCUSS, “ 05 Emerging trends in the F&B industry in 2023 ”
The F&B industry literally covers everything from farm to home. This includes food producers, sourcing, processing, packaging, distribution networks, hotels, bars, restaurants and a lot more.
Food trends are shaped by consumer preferences that are directly or indirectly influenced by varied lifestyles, advances in technology, shifts in the global economy, sustainability, carbon footprint and a range of other factors. In recent years, “Sustainability has been on the front foot of most industries & the F&B Industry is no exception! The entire supply chain is getting more conscious, more aware!”
For restaurants, home deliveries soared during the pandemic offering customers variety, convenience with sustainable packaging. Casual dining restaurants are seeing heathier additions to their menus. Quick service restaurants (QSR) can be seen using marketing messaging that talk about freshly made suggesting healthier or better choices.
05 Emerging trends in the F&B industry in 2023 :
Sustainability and waste reduction:
With the increasing impact of climate change, there is a rising demand for more sustainable and eco-friendlier practices in the F&B industry. This includes reducing food waste, using biodegradable packaging, and sourcing local and organic ingredients. Sustainability not only makes for good corporate social responsibility messaging, but it can also have a real-world impact when done collectively. Although some countries are more advanced in sustainability than others, it is a trend that is here to stay and we are still in the early stages of it.
Technology-driven convenience: The F&B industry is being transformed by technology-driven convenience, as innovations such as mobile ordering, self-service kiosks, pay-at-the-table, and delivery apps are providing new levels of efficiency and convenience. As technology continues to evolve, we can expect to see even more advancements that further enhance the F&B experience and make it more personalized for customers.
Home-grown brands: Home-grown brands are taking over the F&B scene, as local patrons are increasingly preferring them over brands. This trend is now emerging across the world, as several locally inspired home-grown brands are carving out their own niche in the market, and even exporting their brand internationally. Home-grown brands are known for their fresh, dynamic, agile, creative, and bold approach, and sometimes even for being cost-effective, making them the perfect recipe for capturing market share and dominating the F&B industry.
Experiential dining: Experiential dining is a trend in the F&B industry that goes beyond the traditional concept of dining. It involves creating a unique and immersive experience for diners by incorporating interactive elements, theatrical flair, and creative presentation. Examples include dining in unusual locations such as up in the sky or in intimate dining pods, blind tasting, and chef-led workshops that offer an inside look at the food preparation process. Experiential dining provides a niche experience for those seeking more than just food and service.
Heathier choices with plant based and alternative proteins: Health consciousness has become a major trend in recent years, with people focusing on getting outdoors, staying fit, and eating smart. As a result, there is a growing demand for healthier food options, including plant-based and alternative proteins. F&B companies are responding to this trend by introducing more vegan options to their menus and developing new products that cater to these needs. There is also a growing interest in new protein sources such as plant-based meat substitutes. On the beverage side, traditional alcoholic beverages that offer 0% alcohol are attracting a whole new consumer base. This trend is expected to continue as consumers become more health-conscious and seek out healthier choices.
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Timestamp
0:00 - Intro
1:21 - No. 5
1:55 - No. 4
2:21 - No. 3
2:50 - No. 2
3:23 - No. 1
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