Lauren Carter, MBA’s Post

The U.S. wine industry faces a challenging market in a high-cost environment, but there are reasons to be optimistic about businesses that can adapt to changing consumer preferences and demographics. Learn more insights from our 19th annual Farm to Market | Chemicals Conference.

TLDR: Consumer demographics and preferences shifted from Q3 to the start of Q4 with fewer women in tasting rooms, lower likelihoods of return visits, and an increased focus on food, hospitality, and price. We're launching a new insights series on consumer shifts in the craft beverage space. Today Michael Varda walks us through key shifts from Q3 to Q4 so far and shares keys to success to finish the year strong. 🎯 Fewer women are visiting taprooms than Q3  ➡️ Women that are in taprooms have an increased focus on specific beverages (e.g., pumpkin beers, Oktoberfest) 🎯 Food and staff are being mentioned indifferently in Q4 ➡️ Emphasize the importance of body language and first impressions with staff; promote food offerings to bring in larger groups and families Want us to dig into something else? 💡 Drop a comment below! Learn more about our tool 🍻 ConsumerPulse: https://lnkd.in/enZ2G2KE Catch a live demo 💻 and free trial: https://lnkd.in/eY78TEQQ #craftbeer #beer #beverage #food #consumerinsights #hospitality #brewery #winery #wine #restaurant #consumer #holidays

Introduction This data set is called the restaurant rating dataset which contains information about restaurants in mexico. A customer survey was carried out in this city in 2012 to collate information about each restaurant, their cuisines, information about their consumers and the preferences of the consumers. The Report consists of four pages imbedded in 4 buttons on the dashboard Consumer demographics Consumer analytics Restaurant overview Restaurant analytics full report here https://lnkd.in/dNxf27SV Digitaley Drive

The wine industry is facing significant challenges in attracting younger consumers, particularly Gen Z and millennials, who are gravitating towards beverages like hard seltzers, ciders, and liquor instead. The younger generations are showing less interest in wine compared to older demographics. This shift is partly due to societal trends prioritizing healthier lifestyles and a decreasing overall alcohol consumption among younger generations. The industry struggles with making wine approachable and relevant to younger consumers, with cultural factors playing a significant role. Unlike spirits, wine lacks a strong presence in youth pop culture, and there's a perception of rules and pretensions around wine that may deter younger drinkers. Wineries are also facing declining visits to tasting rooms despite a rebound in travel. To remain competitive, winemakers are encouraged to focus on storytelling, sustainability practices, and diversifying their brand ownership to reflect the multiculturalism of younger consumers. The wine industry faces the challenge of adapting to rapidly changing consumer preferences influenced by social media, requiring innovative approaches to sharing information and making wine more accessible in a fast-paced digital world. Source: Fast Company #Wine #WineIndustry #LiquorLawyer #DrinksIndustry #Regulations #AlcoholCompliance #WineIndustryAdvisor #AlcoholIndustryAdvisor #BeverageIndustry #AlcoholIndustry

Placer data offers valuable insights to investors by providing a clear picture of how companies like The Cheesecake Factory and BJ’s Restaurants are navigating challenging markets: 📊 Performance Trends: Placer’s foot traffic data shows which chains are outperforming competitors, offering investors a real-time advantage. 🎯 Consumer Demographics: It identifies the target audiences driving visits, such as affluent diners, helping investors assess long-term brand potential. 📈 Seasonal Opportunities: Placer highlights spikes during key holidays, guiding investors on seasonal patterns for better investment timing.

🍔 So much has changed in our food and beverage industry since 2020! Love accessing data about the changing demographics of Canadian consumers. According to Statistics Canada, our population increased 7.5% since Q1 of 2020. Looking at changing demographics and countries of origin of the newcomers is a good place for food and beverage processors to start, but there are other considerations to keep in mind when planning for your food and beverage processing business. Take a look for some tips on how to adjust your product and/or marketing strategy to cater to the almost 500,000 new permanent residents that moved to Canada just in 2023: #foodandbeverage #consumertrends #strategy #growth FCC / FAC

https://lnkd.in/gMRfDRxe "Unlock the Secrets to Success: A Comprehensive Guide to Starting a Franchise Business in Montreal West, Quebec" #MontrealWest #Quebec #MarketResearch #Demographics #TargetAudience #BusinessPlan #FundingOptions #LegalFramework #IndustryAnalysis #CompetitiveLandscape #ZoningRegulations #LocalPartnerships #MarketPositioning #BrandingStrategy #MarketingCampaigns #Recruitment #TrainingPrograms #OperationalProcedures #CustomerServiceStrategy #FinancialProjections #IndustryTrends #GrowthOpportunities

🍷 Exciting industry update! A recent study highlights a significant shift among the 30-something demographic, increasingly gravitating towards wine. This trend not only reflects evolving consumer preferences but also opens up new opportunities for innovation and growth in our sector. As we continue to adapt and enhance our offerings, it’s a thrilling time to be part of the wine industry.🥂 #WineIndustry #MarketTrends Dr. Liz Thach, MW Karen Daenen Jackson Family Wines