Panelists were asked to give predictions for the alternative protein category by the year 2050 at the Future Food-Tech Alternative Proteins event June 21 in New York.
A combination of inflation, a labor shortage and supply chain issues have caused consumers to cut back on spending in recent months. However, consumers are still wanting good quality meals and demand remains strong in most convenience meat segments as shoppers continue to look for easy ways to create their favorite meals.
The deli is already a trusted source for convenience and delicious options. With simple callouts, the department can also highlight the health elements consumers already have on their radar.
Millennials are thinking differently about their health than older generations, and the shift suggests some interesting potential opportunities for retailers, according to Barrington, Ill.-based consultancy Brick Meets Click.
Even with the Delta variant surging and new variants popping up, more people are vaccinated this year, and consumers are more familiar with what precautions need to be taken to stay safe.