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Food Meets Finance: food trends and the opportunities for ambitious businesses 

April 2019

 

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“With ‘no or low’ alcohol brands such as Seedlip proving that spirits don’t need a hefty alcohol content, and new offerings popping up such as Heineken’s 0.0% beer, mindful drinking is definitely on the public’s and industry’s agenda. “


Earlier this month, the team had the pleasure of attending Food Meets Finance, an Informed Funding event focused on the opportunities for ambitious food, drink and hospitality businesses.    

After a day of finance consultancy sessions, we sat down for the ‘Profiting from Trends in Food, Drink and Hospitality’ panel to hear about the current trends in the space. The panel consisted of Laura Willoughby MBE, co-founder of mindful drinking movement Club Soda; Mark Francis, coach and mentor at The Uspire Group; Patrick Ryan, equity fundraising manager at Crowdcube; and our very own CEO, Anita Murray. 

As you can imagine, Brexit is an inevitable subject cropping up both for the finance and food, drink and hospitality industries, especially when it comes to supply.  

For finance, Patrick Ryan described a dip in the investment market as a result of Brexit, questioning whether we will experience a recession in the coming years. However, this could present new business opportunities such as export and increased manufacturing. Building upon this point, Anita Murray agreed there is opportunity for British suppliers, foreseeing a growing support for local British products in light of Brexit.  

So what are the other hot topics for food and drink businesses in 2019? 

Mindful drinking 

With ‘no or low’ alcohol brands such as Seedlip proving that spirits don’t need a hefty alcohol content, and new offerings popping up such as Heineken’s 0.0% beer, mindful drinking is definitely on the public’s and industry’s agenda. 

Both Patrick Ryan and Laura Willoughby agreed that the mindful drinking movement isn’t going anywhere. Innovation in consumer goods continues to drive forward, alongside impactful research and development based on consumer insight.  

To this point, Willoughby explained her background in the Mindful Drinking Movement, having launched Club Soda (likened to a ‘club’ similar to Weight Watchers!) after recognising the need to take a break from alcohol.  

Referencing a stagnation in alcohol sales over the past few years, she mentioned how Club Soda organised the Mindful Drinking Festival, which is a popular event amongst the organisation’s 30,000 members.  

The rise of meat-free  

Anita Murray drew our attention to continued growth in the meat-free sector, and how more consumers are adopting meat-free or reduced meat diets. With ingenious products and innovations popping up from the likes of Oumph and Quorn, the meat free market is showing no sign of slowing down.  

In recent years, dairy alternatives have cropped up in our supermarkets, and in cafes and restaurants too. Innovations in this space keep on coming, with oats, soya and coconut widely used alternatives, as well as newcomers such as hemp milk.  

Health and wellness 

In many aspects, health and wellness is a significant trend not only in the food industry but increasingly within modern culture. From #selflove, veganism, keto or meditation (the list goes on), people are prioritising physical and mental wellbeing and incorporating different and new healthy practices into their lifestyles.  

Laura Willoughby mentioned the growing trend of health and wellness amongst hospitality employees. With long hours, demanding physical work and intense environments, the wellbeing of hospitality professionals should be a growing priority for employers and the industry. Laura mentioned that Club Soda is looking at how it can develop its tools to help people stay healthy whatever the industry they work in.  

Widespread sustainability 

Consumers and the industry are becoming more planet-conscious than ever. Sustainability is now defining ad campaigns, business practice, government policy, product development, and even down to how consumers recycle and small, everyday life choices. Anita Murray noted a real, growing appetite for ethical consumerism, and how more businesses are rightfully putting sustainable practices on the agenda. For instance, supermarkets are joining the fight against plastic, with Morrison’s banning plastic bags, and Lidl banning black plastics.  

 

Insights & Trends

Planning for 2027? Don’t start with the marketing plan 

September 2026

by Anita Murray, CEO, William Murray  

For food, drink and hospitality businesses, 2027 budgets are starting to take shape. Campaigns are being mapped out and calendars are tentatively filling up with launches, events, content and communications activity. 

Before deciding what marketing activity your business needs next year, there is a more important consideration: What does the business need to achieve – and what could get in the way? 

The more specific the objectives and obstacles, the easier it becomes to make useful, strategic decisions about marketing and communications that will help businesses grow with greater certainty. 

Six questions to take into your 2027 planning 

  1. What are our most important growth objectives?

Be specific about what the business needs to achieve. Which customers, markets, products or relationships matter most? Where does growth need to come from, and what would meaningful progress look like by the end of 2027?  

Whether the ambition is to win new customers, enter a market, grow a category or create demand for innovation, the marketing plan needs a clear commercial destination. 

  1. What are the biggest obstacles to achieving them?

Where is growth most likely to get stuck? It could be competitive pressure, customer perception, differentiation, credibility, market position, lack of influence or something operational that communications needs to help address.  

Identifying the obstacle changes the conversation from “What should we do?” to “What needs to change?” 

  1. Has our market position changed?

Markets move quickly. Competitors evolve, customer expectations shift and propositions that once stood out can become familiar. Ask whether the position that worked previously will still be compelling in 2027. 

That means looking beyond your own brand. What are competitors now claiming? What do customers value? Where has the market become crowded? What new expectations have emerged? 

  1. What do our customers actually value now? 

Planning often begins with what a business wants to say. A stronger starting point is understanding what customers need to hear, believe or experience before they will change behaviour. 

Our 2026 From Visibility to Influence research found a clear gap between the messages suppliers believe they are communicating and how those messages can be experienced by operators. Suppliers talked about innovation, sustainability, partnership and understanding their customers. Operators told us they wanted clearer value, practical solutions, proof and transparency. 

That gap has commercial consequences. 

In a pressured foodservice environment, operators are already dealing with labour shortages, cost pressures, sustainability demands and supply chain challenges. Communications that add complexity or make broad claims without evidence are unlikely to earn much attention. 

The implication for 2027 planning is important: understanding customer priorities should shape the communication strategy before channels and campaigns are selected. 

  1. Where do we need greater trust, authority or influence? 

Awareness can tell you that people recognise a brand. It tells you much less about whether they trust it, value its expertise or will consider it when making a decision. 

Our research found that operators and industry influencers respond strongly to credible evidence, practical application and genuine industry contribution. 

Innovation, for example, has greater value when it demonstrates how it can make an operation easier, more efficient or more resilient. Sustainability claims become more credible when businesses can show evidence, acknowledge trade-offs and communicate progress honestly. 

For businesses planning for 2027, this raises useful points: Where do we need to influence decisions, and what would give us the authority to do so? That might involve customers, chefs, procurement teams, wholesalers, industry bodies, media or other stakeholders. 

  1. Finally, what communications activity will make a difference?

Once the growth objective and obstacles are clear, the role of communications becomes much easier to define. 

Perhaps the business needs stronger thought leadership to establish authority in a category. Perhaps it needs evidence-led communications to build credibility around a new proposition. Perhaps customer voices and practical demonstrations would do more to build confidence than another broad awareness campaign. 

And sometimes the answer will be to do less. The important thing is that activity has a clear job to do. 

Better planning starts further upstream 

Visibility has value, but commercial growth depends on what happens after someone sees you. Do they understand your relevance? Do they believe your claims? Do they trust your expertise? Will they involve you in the conversation when a decision needs to be made? 

Those questions deserve a place in the planning process. 

Before you lock down your 2027 marketing plan, make sure you have identified what is most likely to get in the way of achieving your growth objectives. That gives you a strategic basis for deciding where communications, marketing and other forms of commercial activity can help you achieve growth with greater certainty. 

Our Market Authority & Growth Roadmap is designed to help businesses take that step back: clarify the growth objective, identify the positioning, credibility, visibility and influence barriers that may be limiting growth, and establish where authority-building activity should focus next. 

Planning for 2027? Talk to us about where growth could get stuck before you decide what activity comes next.