Food and Beverage Startups have the Best Year
What a big year for the food and beverage startup community! Big corporations took note of consumer trends, health factors, and entry costs and have paid more attention to creating incubators, accelerators, and venture funds to switch up their investment strategies. These moves don’t just benefit the big guys - while working with smaller companies increase their revenue and market share and find better ways to compete with their corporate counterparts, startup brands are able to have more funding, making access to different food technologies, packaging efforts and distribution channels much easier. Further product development and a wider consumer reach doesn’t sound so bad!
Another thing to note is that food safety and environmentalism is a factor that many of these corporations are taking into account while investing in these better-for-you brands. Nutritional transparency and fair labor, animal, and agricultural practices are making a huge difference in the food system, so why wouldn’t the General Mills’ and Dr Pepper Snapple Groups of the world want to be a part of the progress?
Let’s take a look at some of many notable investments and acquisitions that happened this year:
Learn more about what’s driving the wave of investments in food and beverage startups at Food Business News.