Quotes from Food Dive, January 9, 2024
By Food Dive Staff
In recent years, the food and beverage industry has faced supply chain difficulties, increased inflation, and a growing consumer desire for plant-based meat and dairy options. With the beginning of 2024, certain trends will continue to be deeply rooted, though their effects will differ.
Many manufacturers are unable to pass on costs due to cash-strapped shoppers who are reluctant to accept price increases. There is a possibility that food prices may experience a decrease in the upcoming year, in certain situations.
Due to a decline in demand and concerns about the quality of their foods, plant-based offerings have experienced a setback in their once-promising future. Many businesses will adjust their strategies in the upcoming year to meet consumer demands and drive growth.
In 2023, cultivated meat had a successful year as two companies received regulatory approval to enter the U.S. market.
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