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Inside The Industry: Food and Beverage Consumer Trends for 2023
The cost of living crisis has caused industry wide disruptions, the most notable for the food and beverage industry being inflation in food and labour costs. According to Kantar Worldpanel data, in the 12 weeks leading up to October of last year, inflation of grocery prices hit a record high, with the average household facing a £643 increase in their annual bill. Alongside inflation, sustainability efforts continue to influence consumption habits. Let’s dive into the impact we’re likely to see.
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