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Will the Food and Beverage Market Grow in 2027?
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Food Engineering
On FOOD ENGINEERING, our goal is to discuss how to make food manufacturing processes and facilities as safe, efficient, automated and sustainable as possible.
Specifically, Circana expects food and beverage retail growth to settle in the 2-3% range in 2027, versus the nearly 7% CAGR seen between 2019 and 2024.
So, what does this mean for food manufacturers?
While I imagine profit margins are already under pressure, consumers will seek products that balance price with value.
From an operations standpoint, food manufacturers must manage many challenges, but it’s also important to keep the consumers in mind at all times – and across departments.