beverage water juice supermarket drink

© Africa Studio - adobe.stock

Beverages

Generation Z Puts Beverage Industry to the Test

The demand for healthy and environmentally-friendly drinks is growing, especially among the younger generation. This may explain why smaller brands are increasingly selling their products in glass containers. “The future of the industry will depend decisively on whether production, sales, and marketing can meet the demands of young customers,” says Axel Erhard, consumer goods expert and partner at management consultancy A.T. Kearney. A recent study by A.T. Kearney analyzed the future of the beverage industry. In addition to product, supply chain, and brand areas, the study also examined the beverage consumption behavior of Generation Z, i.e. those customers born between 1998 and 2017. One of the results: in their consumption, young people are increasingly guided by their own values. In addition to personalized products and …

more

Ein Glas vegane Nussmilch von Milkadamia

© pinkomelet – stock.adobe.com

Market & Trends

Dairy Alternatives Market to Reach US $24 Billion by 2025

Experts expect the value of the milk alternatives market to exceed US $ 24 billion by 2025. In 2017, the market for milk alternatives was estimated at 9.8 billion US dollars. The milk alternatives sector is growing with a compound annual growth rate (CAGR) of 12.4 percent, whilst global demand for dairy products is increasing by 2.5 percent, according to analyst Tom Bailey.

more

fermentiertes Getränk

© Brent Hofacker - stock.adobe.com

Market & Trends

Report: Sales of Fermented Beverages Grow Due to Veganism and Generation Y

According to a Transparency Market Research (TMR) report, the market for fermented beverages that do not contain alcohol and milk is expected to continue to grow. There are several reasons for this increase, but veganism and the changing habits of young consumers are said to be major factors.

more