These trends reflect a dynamic market where consumers are looking to their drinks to deliver bold experiences, comforting familiarity, health-conscious options, and functional benefits.
Chocolate confection processors faced skyrocketing 2024 cocoa prices following intense rain and severe drought conditions in West Africa’s cacao growing regions. Not surprisingly, confectionery innovation was flat in 2024, with double-digit declines in new product introductions.
Of seven plant-based dairy categories, only plant-based creamers posted annual dollar and unit sales gains in 2023, according to SPINS data customized for the Good Food Institute (GFI) and Plant Based Foods Association (PBFA).