Euromonitor International released its Top 10 Global Consumer Trends 2023 report, revealing the top 10 key trends. The report highlights that consumers are spending responsibly but emotionally, the role of digitization in purchasing processes, female equality demands, and a disruptive Gen Z, are some of the factors that will define global consumer trends in 2023.
The UK, the US, Germany and Japan are expected to emerge as major manufacturers as a result of the rising demand for vegan cookies at a compound annual growth rate of 8.9%, according to a study by Future Market Insights (FMI).
The cost of living, inflation, energy prices and climate change/sustainability concerns are set to shape the food and drink trends in 2023, according to research conducted by Campden BRI in partnership with The Food People.
Europe’s bakery market is estimated to grow by USD 41.49 million from 2021 to 2026 at a CAGR of 3.28% according to Technavio. The rising prominence of in-store bakeries in supermarkets notably drives this growth, the researchers find.
Corn tortilla chips are on track to hold a major proportion of the industry, and the market is expected to grow as a result of the increasing number of product launches in new varieties, according to a new study from ResearchAndMarkets.
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