Although the top 5 companies stayed the same, there was extensive movement throughout Food Engineering’s 2020 list of the Top 100 food and beverage companies.
Packaging has a key role in the pet food industry’s robust growth, helping showcase quality, safety and sustainability, especially for premium products.
People are taking home more grocery staples from convenience stores during the pandemic, a shift from the businesses’ heavy reliance on coffee, chips, candy and other products consumed within an hour.
Consumer desires and modern lifestyles continue to facilitate a shift in how people perceive food, according to "Trends and Advances in Food Packaging and Processing" from PMMI.
As consumers demand greater convenience, e-commerce sales continue to rise. According to the 2019 Internet Retailer Top 1000 Report, consumers spent $517.36 billion online with U.S. merchants in 2018, up from $449.88 billion spent the year prior. Even when the final sales takes place in a store rather than online, the first step to most purchase decisions starts at the search bar.