Report: Demographic shifts spur overhaul of U.S. food, beverage industry
The food and beverage sector will undergo rapid evolution due to demographic shifts, economic factors and automation.
Analysis of U.S. consumer spending and demographic patterns suggests significant changes for food and beverage operators and the real estate they occupy, including a greater push for convenient, prepared foods, a growing Millennial influence and the emergence of inner-ring suburbs as the industry’s hottest market.
Thenew report, published by CBRE, Los Angeles, makes several predictions about the near-term outlook for the U.S. restaurant and grocery industries and potential implications for retail real estate. Those industries – collectively the food and beverage sector – will undergo rapid evolution due to demographic shifts, economic factors and automation.