AI Predicts 3 Food Trends for 2023
Food and beverage intelligence company Spoonshot has released its AI-generated list of food trends for 2023.
Author: Grace Garwood > Page 4
Innovation Continues to Drive Beverage Category Growth
From bottled water and better-for-you bubblies to convenient coffees and cocktails, the beverage market is booming. Total sales for center store beverages reached $86 billion in the 52-week period ending June 12, per IRI, making …
Unpacking the World’s First Plant-Based ETF
In December 2021, the VegTech Plant-based Innovation & Climate Exchange-traded Fund (NYSE ticker: EATV) made history as the world’s first plant-based ETF. VegTech Invest CEO Elysabeth Alfano recently joined The Food Institute Podcast to discuss …
Can Breeding Super Seeds Improve Plant-Based Foods?
Plant-based protein is popping up in more products than ever before, but challenges related to flavor and texture have left a bad taste in the mouths of many consumers. In response, some companies are utilizing …
Summer Fancy Food Show Highlights What’s Next in Plant-Based
Plant-based was a unifying theme at the Specialty Food Association’s 2022 Summer Fancy Food show last week, with companies showcasing unique innovations across multiple food and beverage categories. With that, the plant-based specialty retail market …
Sunny Side Definitely Up for Plant-Based Egg Market
In a quiet evolution from shelf stable baking substitutes to refrigerated scrambles and beyond, plant-based eggs are on the rise. Consumer awareness of plant-based egg products has been increasing, but it is still a small …
Building Private Label Value Beyond the Price Tag
As consumer spending buckles under the weight of inflation, store brands must work harder than ever to capture market share. In first quarter of 2022, consumers across all outlets were spending more but buying less …
Expert: Nutrition Should Be Focus for Plant-Based
When it comes to perceived health benefits, plant-based alternatives are at a pivotal juncture. On a recent Food Institute Podcast, Kerry Nutrition Scientist Nathan Pratt, PhD, RD, unpacked the challenges — and responsibilities — food …
3 Tips for Grocers on Beating Inflationary Heat This Summer
From center store basics to fresh perimeter, inflation is high and holding across retail grocery. The price per unit across all foods and beverages in the IRI-measured multi-outlet stores increased to 10.7% in the four …
Consumers Diving into Frozen Desserts
Consumers’ perpetual sweet tooth for frozen treats continues to drive category sales, despite equally persistent supply chain challenges. In particular, the frozen novelty segment has been a powerhouse over the past few years, with April …
Food and Beverage Manufacturers Going Green with Spirulina
In 1974, the United Nations hailed the blue-green microalgae spirulina as possibly the “best food for the future.” Nearly half a century later, food and beverage manufacturers appear to be catching on. The spirulina market …
Numbers of Note: The Millennial Shopping Basket
Q&A: Plant-Based Menu Innovations Gen Z Students Love
Colleges and universities are on the frontline of plant-based foodservice innovation as they cater to the Gen Z students who will help shape the future of menus. For additional insights, The Food Institute spoke with …
Bloomberg Boosts 10-Year Plant-Based Market Forecast to $166 Billion
The global plant-based alternatives market could swell to $166 billion in the next decade, according to an updated forecast by Bloomberg Intelligence. Bloomberg’s May 2022 projections incorporated 2021 results into the Plant-Based Foods Poised for …
IRI: Global Snacking Trends to Watch
A recent webinar from market research firm IRI unpacked various snacking opportunities around the globe that are enticing shoppers amid current economic challenges and new patterns of consumption. Here are a few key takeaways: The …
Key Takeaways from New Report on Veganism
Judging by online searches, veganism is not as hot as it used to be. The global popularity of vegan-related search terms appears to be slowing down, according to a recent analysis of Google AdWords data …
Fresh Berry Category Ripe for Summertime Success
Berries were a powerhouse throughout the pandemic and the category continues to thrive as convenience and nutritional appeal keep consumers coming back for more. According to an April report by IRI, fresh berries are the …
Bacon Battles Soaring Inflation with Innovation
As record high prices put a damper on bacon sales, retailers and producers are leveraging innovation to help drive consumer engagement. Per IRI data, dollar sales for bacon totaled $6.4 billion in the week ending …
3 Strategies for CPG Success During a Recession
During the Great Recession, consumers spent less, traded down, and cut back on many CPG purchases. A recent report from the IRI Recession-Proof Your Business series explored these behaviors to glean strategies for success in …
Demand Growing for Clean Label Meat Alternatives
As a broader variety of plant-based protein alternatives enter the market, health-conscious flexitarians are turning a more critical eye towards ingredients and production methods. In 2021, consumer interest in clean label grew by 86% within …
Is Easter the MVP of Holiday Candy Sales?
In the seasonal candy playing field, Easter has been knocking it out of the park. Per IRI data, combined sales for chocolate and non-chocolate seasonal candy totaled $1.3 billion in the 7-week period ending April …
Plant-Based Snacks Enjoying Steady Growth
As consumers continue to blur the line between snacks and meals, the plant-based category is playing an active role in the space between. Seventy-eight percent of global consumers say their definition of snacks has evolved …
Deli Prepared Foods Thriving Despite Inflationary Squeeze
As rampant inflation tightens its grip across the food industry, many consumers are cutting back on grocery staples and trading down to cheaper items. All the while, higher-ticket prepared food sales are soaring. Comparative unit …
No Cap in Sight for Booming Mushroom Market
Retailers are digging up new ways to boost fresh mushrooms sales in the produce department and beyond, as consumer interest in fungi functionality continues to thrive. The global mushroom market size is expected to reach …
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7 Ways CPG Companies Accelerated Growth in 2021
In a recent IRI webinar on consumer packaged goods (CPG) company performance in 2021, senior leaders from three of the category’s top performing companies — Michael Del Pozzo from PepsiCo, Gary Osifchin from Reckitt, and …
Can Indulgent Treats Improve Health and Wellness?
The pandemic era strengthened food and beverage trends like health, wellness and nostalgic indulgence. While contradictory at first glance, these behaviors are finding alignment as consumers redefine what constitutes “healthy” behavior. Health and wellness are …
Can Plant-Based Innovation Boost Store Brand Sales?
On the heels of a stagnant sales year for store brands, Amazon and Kroger are bulking up their private label portfolios with plant-based products. Is category innovation on the horizon? The Food Institute Podcast · …
Is Plant-Based Meat at a Retail Crossroads?
Alternative meat sales continue to plateau at retail following strong performance in recent years. Has plant-based meat reached its peak, or is this just a lengthy chapter in the emerging category’s evolutionary process? According to …
CPG Companies Eye Plant-Based Market with Different Goals
More major CPG companies are playing in plant-based, flagging the alt-protein category as a potential catalyst for growth. But industrywide, the depth of that value is not easily measured in broad strokes. “When you factor …
Why Are Private Label Products Not Thriving Amidst Inflation?
Shoppers have historically gravitated to store brands when economic times get tough. But despite record-high prices, private label food and beverage sales continue to dip below their national counterparts at retail. Overall, store brand dollar …
Growth Prospects Strong for Plant-Based Cheese
Cheese is pegged as the next growth category for plant-based dairy at retail, as quality innovations flourish and big players start to make inroads. Globally, the vegan cheese market is expected to expand at a …
Is Plant-Based Bacon Poised for a Breakout?
Replicating bacon has been no small task for alternative protein producers, but new innovations in flavor and texture are bringing plant-based options ever closer to home. “Plant-based bacon is going to have its moment in …
Study Reveals Trendsetting CPG Companies
The 10th annual Growth Leaders study from IRI and Boston Consulting Group (BCG) explores the top performing consumer packaged goods (CPG) companies of 2021 and strategies that enabled their growth. The total U.S. CPG industry …
IRI Report: Versatility Key to Winning Breakfast Category
Breakfast occasions were big business for retailers in 2021, with at home consumption remaining above pre-pandemic levels. However, many traditional breakfast categories saw mixed sales results. In a new report, Winning Breakfast, Generation by Generation, …
Plant-Based Chocolate Emerging as Consumer Sweet Spot
Consumers’ perception of chocolate as a functional indulgence has made it a growing target for plant-based exploration. The global vegan chocolate confectionery market is expected to reach $1.41 billion by 2028, registering a compound annual …
Assessing the Plant-Based Landscape for 2022
Pandemic challenges in 2021 impacted the plant-based industry in divergent ways, as more consumers experimented at home and operators across restaurants and retail prioritized inventory over innovation. “At retail, we are seeing the biggest [plant-based] …