Fewer, Better, Smarter: The Shift in Specialty Food Purchasing Habits
While inflation and global trade challenges have pressured the grocery market, specialty foods remain resilient.
While inflation and global trade challenges have pressured the grocery market, specialty foods remain resilient.
Immunity-boosting products are gaining traction as consumers seek long-term wellness solutions, driving F&B brands to innovate with nutrient-dense offerings. The market is expected to grow at a 9% CAGR through 2028 and offers ample business opportunities.
One veteran supply chain expert said the ongoing North American trade war is the most volatile he’s ever seen. The trade spat has several wrinkles – not the least of which is the fact that Canada is the world’s largest exporter of canola, as well as potash that’s used to produce fertilizer.
Filipino cuisine is experiencing a surge in popularity in the U.S., particularly among Gen Z, with interest rising 50% in the past year. A key factor: the growing appeal of bold, affordable dishes.
GLP-1 weight-loss drugs are increasing consumers’ preference toward healthier, nutrient-dense food. Some trends experts feel reduced demand for high-calorie foods could hurt QSRs, at least in the near-term.
What companies need in 2023 are strategic leaders that can challenge the status quo and aren’t institutionalized by conventional wisdom.
“Companies must stand out,” said Food Institute CEO Brian Choi. “To win in the marketplace, products have to have a differentiated selling point – just being ‘good’ is not good enough in this environment.”
Food industry leaders face myriad challenges in the months ahead, like elevated inflation, geopolitical risks, and economic recession. How leaders act could serve as a litmus test for long-term success or failure.
The global outbreak of COVID-19 has had a significant negative impact on our daily lives. It has also had a meaningful impact on transaction activity in the U.S. M&A market. What was shaping up to …
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Jean-Pierre (JP) Comte, president of Barilla North America, speaks with the Food Institute’s Brian Choi on how Barilla is leading change in the current environment. Topics covered by JP Comte include innovation in the food …
As the majority of us are eating more at home, we are seeing and experiencing food in news ways and finding ourselves with extra time to experiment with new foods, cooking, and baking. With that …
The U.S., Brazil, and China form an interesting trade triangle when it comes to certain commodities, and the coronavirus pandemic has added new wrinkles into the balance. China was the first country to experience the …
Stevia is the growing sweetener of choice for consumers looking for natural and healthy products. In 2009, the natural low-calorie sweetener, between 200 and 400 times sweeter than sugar, became commercially available in the U.S. …
The Food Institute Focus – U.S. Corn Production Expected to Hit Record High
Ghost kitchens—special kitchens set up to handle deliveries-are cropping up nationwide, attracting big investment and becoming an industry unto themselves built around the internet. As evidence of this growing interest, New York and Dubai-based Kitopi …
“Sustainability has reached a tipping point,” according to Meet the 2020 Consumers Driving Change report from the IBM Institute for Business Value. Almost 60% of surveyed consumers are willing to change their shopping habits to …
The Food Institute Focus – DOL Issues Guidance for Businesses and Workers, Alike
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Erik Knutson foresees a time soon when Amsterdam-like clubs, where consumers can smoke or drink cannabis-infused products and socialize, will become commonplace in the U.S. “Cannabis-infused drink sales will continue to expand,” said Knutson, CEO …
During the week of March 8, The Food Institute was scheduled to head to Natural Products Expo West for on-the-ground reporting on the companies, products, and major trends impacting the food industry. However, the illustrious …
According to U.S. Census Bureau, e-commerce in the U.S. during 2019 reached almost $600 billion, a staggering figure when considering the first products sold online occurred only about 25 years ago—about the time when Amazon …
“Fight for $15” has become a popular rallying cry for laborers looking to increase their wages across the country. Although some proposals want to raise the minimum wage across the board, a surprising portion of …
College students tend to exhibit the traits associated with Millennials, but to an extreme. They are more likely to start their day later, try unique and foreign cuisines, snack throughout the day and put an …
U.S. frozen fruit imports grew to 523.4 million-lbs. in 2014, representing a 13% increase, according to the most recent U.S. Trade reports ending Dec. 31. Value also soared by 20% in a year-to-year comparsion, totaling …
The Kellogg Co.’s breakfast food sales declined 7.7% in fourth quarter 2014, which CEO John Bryant attributed to changing views among weight watchers hurting its flagship Special K brand. While healthy eaters previously turned to …