As millennials continue to develop buying power, their tendency to eat out and experience specialty foods increases. According to a recent report by the U.S. Department of Agriculture’s Economic Research Service, millennials spend more than any other generation — around 6% of their food budgets — eating away from home. This pattern is changing the dynamic of the grocery store. Millennials’ tastes drive trends in the grocery industry, with their high standards for quality, transparency, and brand stories changing the way that manufacturers are offering products.
For the first six months of 2018, exports set a record pace both in volume and value. USMEF said that international customers bought a larger share of US beef production at higher prices, indicating strong demand.
Through June, beef exports jumped 9 percent in volume at more than 662,875 metric tons while values topped $4 billion year to date, a 21 percent increase. In previous years, export value never topped the $4 billion mark before August.
Would you eat these foods if you could?