Fermentation is what happens “when rotten goes right.”
Fermentation is what happens “when rotten goes right.” – David Chang, founder Momofuku restaurant group and “Ugly Delicious” TV host
- Published in Food & Flavor
Craft Brewing Volume
Craft brewing volume has declined 10% in the first half of 2020 versus last year.
Brewers Association
- Published in Business
Organic Food Sales
Organic food sales reached $50.1 billion in 2019, while organic nonfood — including dietary supplements, personal care items, textiles, household cleaning products, pet food and flowers — hit $5 billion in sales. – Organic Trade Association (OTA)
- Published in Business
Probiotics Top Trending Ingredient Category
Probiotics are still a top trending ingredient. In the U.S., 62% of consumers say they would be “extremely or very open” to using products with probiotics.
– BuzzBack Innovation Insight
- Published in Business, Food & Flavor
“You are what your bacteria eat.”
“You are what your bacteria eat.” – Donna Schwenk, author of “Cultured Food for Life”
Fermented Food & Ingredient Market to Reach $689.34 Billion by 2023
The fermented food and ingredient market is expected to reach $689.34 billion by 2023, driven by rising per capita income and increasing consumer health awareness.
Research & Markets
- Published in Business
Average Supermarket Carries 306 Different Yogurt Varieties
Though overall U.S. yogurt sales fell 6%, the average U.S. supermarket carries 306 different yogurt varieties. Consumers are embracing new flavors and vegan, plant-based yogurt styles.
-Nielsen Data
- Published in Business
Brewery Equipment Market Growing, Thanks to Demand for Craft Beer
Increasing numbers of brew pubs and high demand for craft beer is growing the brewery equipment market. The brewery equipment market is estimated to be valued at $16.8 billion in 2019 and projected to reach $24 billion by 2025, growing at a CAGR of 6.1%.
Markets and Markets
- Published in Business
Functional Food & Beverage Sales Grew 7.5% to $68 Billion in Sales
Functional food and beverage sales grew 7.5% in 2018 to $68 billion in sales. Probiotics are one of the fastest growing functional ingredients, and consumers are moving away from supplements and pills. They want probiotics in their food and drink.
- Published in Business
75% U.S. Consumers Will Pay More for Clean Label
Clean labeling is important for modern consumers; 75% of U.S. consumers will pay more for a food or drink product made with ingredients they recognize and trust.
Ingredient Communications
- Published in Business