Food Institute sees plant-based foods, cannabis and updated vending concepts growing in popularity in 2019.

December 31, 2018

1 Min Read
Eating out will outpace at-home sales growth
USDA

Eating away-from-home sales growth will outpace at-home sales growth in 2019, according to forecasts from The Food Institute.

According to the webinar "An Honest Look at 2019 Food Industry Trends,” Brian Todd, president of The Food Institute, predicts 5.1% growth for eating and drinking places in the coming year and 2.8% growth for food and beverage stores.

Among the trends for 2019, The Food Institute sees plant-based foods, cannabis and updated vending concepts growing in popularity. Fuel and driver issues will continue to be problem areas for the distribution sector, while Amazon will remain a company to watch as it expands its capabilities in brick-and-mortar stores, meal kits, private label and even drone delivery.

“I believe we’ll see many companies following this trend of using technology to update traditional service models, as we see the merging of convenience, local and trying to meet consumer demand for something natural and locally produced,” Todd said.

Additionally, presenters from Blueberry Business Group noted that this may be “the end of the food industry as we know it,” adding that other key themes for 2018 and beyond include the shifts behind the shift -- the way consumers live, work and play -- and the highest forms of entrepreneurship the industry has ever seen. The firm’s president Debra Bachar said areas of disruption include food delivery, deep discounters and private labels, voice technology and the alignment of food and health care, while senior advisor Bill Pierrakeas detailed the drive behind increasing levels of investment in food industry start-ups.

They added that venture capital investment results from industry giants have been mixed, and the strategy of established companies buying emerging competitors once they reach a certain scale is yielding diminishing returns.

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