Industry Trends

Considerations for Colorado’s food and beverage industry

The Colorado restaurant industry lost billions of dollars of revenue in 2020. But the industry is adapting. The expansion of beer, wine and spirits sales through takeout has been a lifeline for the industry, with 93% of eateries offering drinks to go and 24% statewide deriving at least one-fifth of their revenue this way, according to the association. Each shift, across every industry, has created its own challenges and opportunities.

Pandemic accelerates direct-to-consumer farm sales

Around 7 million additional U.S. households turned directly to producers in 2020. Experts say that growth in direct agricultural sales across the state could benefit the industry long term due to the increase in consumer knowledge and appreciation of local food production. Plus, a collection of resources to connect farmers, ranchers directly to consumers.