It's January, for many of us, that means it's time to put away the holiday decorations and make at least a half-hearted attempt to stay true to those New Year's resolutions. For me, it's also time to share a sampling of forecasted 2019 food-and-beverage-related trends that could spell opportunity for the dairy sector.
Hosted by CEO Lucas Lentsch, the first episodes discuss how to make the critical connection with consumers and share insights from the recent Dairy Experience Forum.
September 11, 2018
Hosted by CEO Lucas Lentsch, the first episodes discuss how to make the critical connection with consumers and share insights from the recent Dairy Experience Forum.
Dairy processors need to keep an eye on their clean label and clear label practices. These are global trends, according to Innova Market Insights, a research firm based in Arnhem, The Netherlands.
Yogurt manufacturers are getting innovative and capitalizing on the diversity of yogurt with niche products and appealing to a wider audience. Whole-fat and low-sugar varieties are part of the mix.
But they look at food through different lenses. Millennials are all about knowing the origin of foods and eating all-natural foods. Boomers want to prevent illness and seek foods that keep them healthy and active into retirement.
In terms of influence in the market, baby boomers and millennials are running the show. To which generation should the dairy industry cater? The best answer may be: both. Here’s why.
The food industry is feeling ripple effects from rising food and fuel prices, new benefit costs due to the 2010 Affordable Care Act, modest income growth following the 2013 payroll tax increase, and weak consumer confidence due to fiscal uncertainty.
Organic dairy advertising volume set a number of records; ice cream and cream cheese manufacturing account for the strongest demand on national cream supplies; and cheese production was reported slower as reduced volumes of milk were available for manufacturing, according to the USDA's Dairy Market News.