The quest to perfect and expand on traditional offerings continues to evolve as witnessed by national cocktail competitions, happy hours and step-by-step recipes on websites and cocktail chatbots, which are furthering consumers’ fascination and enjoyment of cocktails at home and on-premise.
When it comes to grocery retailing, analysts are seeing how consumers’ desire for better-for-you food and beverages have contributed to the growth of the natural and organic retail channel.
Although other channels might be closing stores in response to eCommerce trends, convenience store chains are expanding their brick-and-mortar presence.
The combined sales of the Top 3 club stores — Costco, Sam’s Club and BJ’s Wholesale Club — reached an estimated $158.4 billion in 2017, up 2.9 percent over 2016, according to Chicago-based Mintel’s June 2017 report “Warehouse Clubs US.” Yet, shrinking households no longer needing to purchase bulk items, eCommerce profitability and the cost of membership fees are barriers to the success of club stores.
Because consumers are leaning toward healthier options, vending companies have had to adapt to the trend by offering an extensive variety of beverages.
Brewpubs and taprooms have become meccas of innovation within the industry and are lifting tourism traffic and spending as consumers gather to watch a big game, relax with family and friends, and, of course, throw back a few refreshing craft beers.
Beverage companies and foodservice outlets are employing digital marketing efforts, expanding clean-label offerings and sourcing locally to reach the millennial generation.