[Data] How to Implement 2020’s Trends Into Your Business

[Data] How to Implement 2020’s Trends Into Your Business
We don’t have a crystal ball, but we do have millions of transactions from Square sellers across the country, and this is what we predict consumers will be spending their money on in 2020.
by Alise Bailey Jan 06, 2020 — 4 min read
[Data] How to Implement 2020’s Trends Into Your Business

A new decade has arrived. With it, a whole new host of consumer trends are cropping up.

The hottest trend for 2020? Wellness. From keto snacks and adaptogen lattes to gua sha and CBD, wellness is now a $4.2 trillion industry; what was once reserved for hipsters is now mainstream. Beyond kale and yoga, consumers are responding to an influx of anxiety and stress with cleaner lifestyles.

We don’t have a crystal ball, but we do have millions of transactions* from Square sellers across the country, and this is what we predict consumers will be spending their money on in 2020.

These trends are not run-of-the-mill — it goes beyond salads — so we’ve taken the liberty of showing you how you could implement these trends into your business in 2020. Whether you own a coffee shop, spa, grocery, personal training studio, bar, restaurant, or cafe, there’s a way for you to be on the cutting edge of 2020’s newest wellness offerings.

Hungry, Hungry Health Nuts

Elderberry

The vitamin-packed, immune-boosting supplement has gained popularity as a way to fight cold or flu-like symptoms. Sales grew 97% from 2018 to 2019.

Keto

Keto is a high-fat, low-carb diet. From tacos to cauliflower bowls, keto-friendly sales grew 261% in cafes and restaurants from 2018 to 2019.

Meat Alternatives

It’s not just for Meatless Monday anymore. Meat alternatives such as Impossible® and Beyond® meat have begun to show up on menus in restaurants nationwide. Sales increased 136% from 2018 to 2019.

Piping-Hot Tea or Beverages

Milk Alternatives

Options to replace dairy have been on the rise for the past few years, with new types of milk popping up each year. Look for macadamia milk in 2020. Its sales grew 171% from 2018 to 2019.

Adaptogen Lattes

Adaptogens are non-toxic plants with potential health benefits. They have become increasingly popular, as sales grew 247% from 2018 to 2019.

Flash-Brew Coffee

Cold brew has exploded in popularity in the last few years. The newest iteration? Japanese flash brew, which is a traditional Japanese method for ice-cold coffee. Prepared with hot water and chilled immediately, flash brew blends its unique arctic temp with the taste of hot coffee.

Low and No-Alcohol Beverages

Overall, worldwide alcohol consumption has lowered in recent years. In response, low- and no-alcohol beverages are on the rise. But it’s getting more creative than mocktails, and has instead created new beverage categories.

Beauty: More Than Skin Deep

CBD Skin Care

The CBD skin care industry is projected to hit over $1.7 billion by 2025, and a recent Google Trend report shows a major spike in CBD skin care queries, so it’s no surprise that the non-psychoactive strain of hemp has become a hot commodity across the county.

According to a 2021 New Frontier and Square data survey, nearly 1 in 5 Americans (18%) have tried CBD, and 40% of CBD consumers use CBD weekly, if not more often. In addition to this, topical products make up 36% of all CBD products sold in the U.S.

Hydrojelly Face Masks

These jellylike masks can be applied at home or in a spa as a facial add-on, and they are known to hydrate, exfoliate, and tone the skin. Their sales grew 1,700% from 2018 to 2019.

Gua Sha

Gua sha is an wave shaped rose quartz or jade stone that is rolled across the face to boost blood flow, encourage lymphatic drainage, and promote skin elasticity. Sales grew 125% from 2018 to 2019.

Square’s predictions are based on growing (or declining) sales metrics from 2019. We analyzed thousands of trends to estimate what will hit it big in 2020, and what will ultimately become so 2019.

Alise Bailey
Alise Bailey is an editor at Square, where she writes about how to start, run, and grow a business, highlighting our sellers around the world.

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