Despite the challenges, the combined revenue of the food and beverage market this year was $435.3 billion and is expected to grow to a staggering $857B by 2025.*
2020 was a year like no other. Yet despite the challenges brought on by the pandemic, most top food and beverage brands remained stable. In fact, the food and beverage industry is one of the only consumer product sectors to grow in the year.
The novel coronavirus pandemic has seen various food and beverage trends change drastically from pre-COVID. Consumers didn’t take to it well in March, but mid-summer they have seemed to settle into the “next normal.” Here are some of the most notable trends from this year, along with the Top 100 List on the following pages.
New York-based Pet Plate has raised $9 million in a Series A round co-led by 301 Inc., the venture capital arm of Golden Valley-based General Mills. Other investors included DFE Capital Management, Marco Polo and Fernbrook Capital Management, along with existing investors, The Yard Ventures and Castor Ventures.
PepsiCo, Inc. recently announced plans to achieve 100% renewable electricity for its U.S. direct operations this year. The U.S. is the food and beverage company’s largest market and accounts for nearly half of its total global electricity consumption.
Nestlé Waters North America’s ReadyRefresh by Nestlé delivery service has expanded its beverage portfolio as part of ReadyRefresh’s mission to deliver healthy, convenient and great-tasting hydration to its customers.
An initiative from three of America's biggest beverage companies, Coca-Cola, PepsiCo and Keurig Dr. Pepper, aims to improve the recycling and processing of plastic bottles.
The Coca-Cola Company announced the launch of The Coca-Cola Insiders Club, a subscription service offering a limited number of people the chance to taste over 20 of the company’s new beverages set to launch early next year.