Food Spending Trends

Consumer spending on food will continue to increase 2-3 percent annually over the next decade. USDA projections show total food spending up 26.3 percent between 2000 and 2020. The unclear issues at this point are where that food will be prepared and eaten, and the full impact on commodities of changes in demographics. What is probably more clear is that change brings some opportunities and challenges to producers and processors of food products. This article examines some of the relevant trends and potential impacts.

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