Two other concerns of food producers are Brexit and the US-China trade war. There is a big concern about the impact of this on additional tariffs and changing standards that could shake the industry.
Environmental concerns are also reshaping the industry. Consumer tastes and demands are changing. The number of vegans and vegetarians is steadily growing and more and more consumers are becoming ethically conscious, being more aware of the impact of the food and drink they eat and the packaging it’s wrapped in . With Covid-19 on top of it, new consumption trends are emerging – consumers are focusing on the essentials, looking for healthier options, reducing their sugar intake and looking for products to boost their immune system. Green farming practices and manufacturing processes, reducing plastic waste, providing healthy, organic, better for you products, are becoming increasingly important.