The fine food business all around the globe are compelled to adopt the dramatically transforming trading market landscape with the emergence of the Covid-19 in the UK. Still, the post-Covid-19 landscape, the wholesalers, producers, and retailers are now hoping to foresee a glimmer of stability.
But, it is quite breath-taking to admit that the disruptions can also induce great innovations with radical thinking to navigate such crisis times. There are several opportunities for companies to drive the food innovation rides and instantly respond to transforming consumer requirements. In a very way, consumers have transformed their buying and eating habits due to the Covid-19 pandemic. After hustling flat out during the pandemic period, it’s a chance to reflect the transformation’s gratitude by the pandemic.
Several aspects posing a significant change in food consumption behavior includes:
Sustainability
There has been a considerable concern exploding in the fine food arena, and the emergence of the pandemic has significantly amplified these concerns manifolds. The disruptions caused by the pandemic are likely to promote the era of healthier and more sustainable food consumption over the forthcoming years. Consumers now make thoughtful and balanced buying decisions. The pattern of their spending has also changed with time.
Health and wellbeing
These are the most affected dimensions of living. Consumers are now not worried about the inches of increasing or decreasing waistlines, but they now view the food as a fuel that impacts their physical and mental health. Consumers now hold a holistic perspective towards spiritual, social, mental, and physical well-being, which encompasses all approaches to making a positive and fundamental change in their health.
E-commerce
E-Commerce has never shown this much hype ever before the Covid-19 pandemic. For the first time, e-commerce shopping has emerged as a necessity and not the leisure activity of the shoppers. But even after the dropdown in the pandemic crisis, the trend is seeking an exponential growth rate and is expected to witness a forward-looking growth prospectus in the forthcoming years. According to research by vouchercodes.co.uk and the Centre of Retail Research, online sales is likely to swipe up around a third of total retail spending globally this year, which is almost 11% more than the highest record in 2019.
In the long run, these transformations are like the wake-up calls for retailers to ensure their agility and capability to comply with the transforming consumer demands and desires.