Grocery & Beverage Retailing Trends

Grocery and beverage retailing is a growing industry. The natural food segment is one of the fastest growing segments in the industry, and supermarket retailers are capitalizing on this trend. For example, Oklahoma City-based J.B. Pratt Foods dedicates a significant portion of its store to natural beverage categories, part of the company’s strategy to build a more mainstream grocery store. The company offers Blue Sky sparkling waters and natural sodas, which are featured prominently on the stores’ values wall.

Growth of nondairy beverages

As more consumers become health conscious and increasingly aware of dairy-free options, demand for nondairy beverages is increasing. These products have long been popular in developed markets, but now they are finding an audience in developing markets. These products are gaining popularity due to the increasing awareness of the health benefits of plant-based products, increased disposable income and the introduction of new, healthy ingredients. However, the industry faces several barriers, including high costs and fluctuating prices of raw materials. Nevertheless, these obstacles may be overcome by introducing new flavors and concepts.

Moreover, milk products are commoditized, which is leading consumers to experiment with new and innovative products. Soy milk, for example, has gained a dominant position in the Asia Pacific market, particularly in China, while almond milk is projected to have the fastest growth of all dairy alternatives in the coming years. This is because almond-based nondairy products are low in calories, and they are marketed and branded well. They are also more appealing to younger consumers.

Nondairy beverages are increasingly popular, and their selection in grocery stores is growing at a rapid pace. One company that has successfully capitalized on this trend is Milkadamia, an Illinois-based company that produces macadamia nut milk. The product made its debut in coffee shops in 2015 and has since expanded its distribution to grocery retailers. Its refrigerated line of products was recently introduced by Walmart Inc.

As vegan and vegetarian lifestyles continue to grow, so will the demand for nondairy beverages. Asia-Pacific is predicted to lead the way as a key market for plant-based beverages, with a fast-growing middle class. However, the cost of plant-based drinks will be a barrier for growth.

Currently, the plant-based beverage market is dominated by North America. This region is home to the largest number of product launches and the fastest growth, with sales rising on a consistent basis. In addition, the health and wellness trend has made it more fashionable for consumers to seek healthier alternatives. This trend is an opportunity for plant-based beverage manufacturers to leverage their health halo, as well as the potential for functional additives.

Almond milks and other plant-based beverages have long been available in health food stores, but only recently have these products found their way into the mainstream. In the US, almond milk led the way, with nearly one-fifth of the new dairy alternative drinks launched in the United States in 2010. Almond milk sales saw double-digit growth in 2010 while sales of soya milk declined by a similar percentage.

Growth of bottled water

According to the latest report, the bottled water market is expected to grow at a CAGR of 4.7% from 2016 to 2021. The market will be driven by increased health awareness and increasing per capita spending. The availability of bottled water at grocery and convenience stores is expected to boost the growth of this category.

However, the growth of this category is expected to be constrained by environmental concerns. Many bottled water companies use excessive energy for production, which may pollute water. Additionally, billions of bottled water bottles end up in trash or landfills, which is detrimental to the environment. This trend has led to the banning of the sale of plastic bottles in certain cities.

In North America, bottled water sales were estimated at 115 billion liters in 2001. The total retail value of bottled water was $67 billion. This growth rate is not particularly impressive, but the volume and value of sales did increase by 8% in the following year. Growth in the North American market was driven by the availability of convenient containers. In addition, the government’s efforts to make clean water available to the public have led to an increase in demand for bottled water.

Bottled water is becoming increasingly popular due to its health benefits. Consumers are increasingly concerned about waterborne diseases. In addition, many bottled water manufacturers have begun developing flavored varieties. These flavored waters can be beneficial to those who suffer from heartburn, digestive issues, or weight gain.

As bottled water sales continue to grow, the industry will face a few challenges. Substitute products will continue to limit the growth, but increasing income and job growth will encourage consumers to drink more bottled water. Furthermore, concerns over sugar and soda consumption are fueling the growth of the bottled water market in North America.

Major players in the bottled water market include Nestle, PepsiCo, and Coca-Cola. These companies own major brands such as Perrier, Arrowhead, and Zephyrhills. These companies have a combined market share of nearly 26% in the U.S. as of 1997.

Importance of a unified customer profile

Unified customer profiles help businesses build a better understanding of their customers. By using real-time data from a single source, businesses can tailor marketing and commerce campaigns to the individual tastes of customers. This also allows marketers to measure customer insights and personalize recommendations.

The first step in creating a unified customer profile is to gather and combine customer data. This data comes from a variety of sources, including direct surveys and indirect tracking. Third-party data is often used to supplement a business’s own data.

Creating a unified customer profile can help grocery retailers understand customer behavior. By identifying trends in purchasing behavior, retailers can provide value-added services and reward customers. For example, a loyalty program can offer meal discounts, free drinks or snacks, or free shipping. A unified customer profile can also help retailers understand what they need to do to stay on top.

A unified data platform gives retailers complete control of their digital footprint, enabling them to track customer behavior and manage digital assets. This way, they can create a unified digital experience across all channels. In addition to a unified data platform, a unified digital platform also helps retailers present featured products, push sponsored promotional content and serve display ads and videos.

Impact of Moovit on customer experience

In an effort to provide customers with a convenient and seamless shopping experience, Moovit launched a new grocery delivery service in Taiwan this week. While it has not yet achieved the same level of success as other online shopping services like Uber and Lyft, it is already having a significant impact on the grocery industry.