SINGAPORE, Dec. 8, 2022 /PRNewswire/ -- Mintel, the experts in what consumers want and why, has today announced four key trends that will shape global food and drink industries in 2023 over the next five years and beyond. Centred around space, climate change, mental performance, and the overwhelmed consumer, this year's trends make recommendations for brands to reassure consumers who continue to be challenged to adapt to a precarious world. Looking ahead, Rebecca Vella, Director of … [Read more...] about Mintel announces Global Food and Drink Trends for 2023
Market Trends
Increased Consumption of Processed Food Due to Changing Lifestyles Parallelly Escalating Use of Sensory Additives, Says Fact.MR
According to Fact.MR, a market research and competitive intelligence provider, the global sensory additives market is estimated at US$ 23.4 billion in 2022. It is expected to expand at a CAGR of 4.4 percent across the forecast period of 2022 to 2032. Due to the pandemic, the relationship between consumers and food has changed significantly. With fewer options for dining out, social networking sites emerged as a secure alternative for people to satisfy their food cravings. Cookery shows, … [Read more...] about Increased Consumption of Processed Food Due to Changing Lifestyles Parallelly Escalating Use of Sensory Additives, Says Fact.MR
Firmenich announces Dragon Fruit as 2023 Flavor of the Year
GENEVA, Dec. 6, 2022 /PRNewswire/ -- Firmenich, the world's largest privately-owned fragrance and taste company, is excited to announce its 2023 Flavor of the Year, dragon fruit, celebrating consumers' desire for exciting new ingredients and bold, adventurous flavor creation. "This marks our 11th Flavor of the Year, which is something our customers have come to look forward to each year. Dragon fruit's bold vibrancy is a perfect choice as we embark on an exciting year of change," said … [Read more...] about Firmenich announces Dragon Fruit as 2023 Flavor of the Year
