In the face of inflation, the U.S. consumer has shown impressive resilience. As a result, branded food manufacturers posted strong pricing-driven profit growth in 2022, and stocks in the sector rose sharply even in a …
The recent Digital Food and Beverage conference illustrated that first-party data and AI are fast becoming transformative tech drivers of industry evolution.
As families gear up for movie night across the country and CPG companies figure out how to get their snacks off the shelves and into the hands of consumers before the previews even start, what constitutes a typical movie night snack, for many, is going the way of the dinosaurs.
Everyone knows “El Nino” by now – hot weather. Big winds. And once again in 2023, much of the world will gain a better grasp of this unpredictable meteorological phenomenon. El Nino generally refers to …
Inflation is causing consumers to rethink spending in numerous ways. Coffee, however, is one category that remains untouchable. Coffee, after all, is an affordable luxury. “Despite cutting down on dining out or travel, you can …
Vegan indulgences are a hot trend this summer. Here are a few featured products and award winners from the Sweets & Snacks Expo and NRA Show.
New research illustrates the palate Americans have developed for Asian food over the years. Pew Research found that nearly three-quarters of all U.S. counties (73%) now have at least one Asian restaurant of some kind. …
Vegetarian and FI business writer, Christine Zulkosky, sampled Ohayo Valley’s lab-grown wagyu beef at the Vegan Women Summit in Brooklyn, NY.
A recent survey suggests there’s pent-up demand to eat out — and to try new flavors — as American consumers become more adventurous eaters. Nearly half of the survey’s respondents (47%) said they’re tired of …
Restaurant operators looking to add plant-based options to their menus had no shortage of options at the recent National Restaurant Association Show.
The U.S. Federal Reserve’s effort to slow the economy by raising interest rates without triggering a recession may have failed if conditions in the trucking industry are any indication.
CHICAGO – Nearly 18,000 people attended the National Confectioners Association’s 2023 Sweets & Snacks Expo recently, the final show to be held in Chicago before moving to Indianapolis (2024, 2025) and Las Vegas (2026). At …
As consumers exhibit growing interest in waste and sustainability, companies are looking at taking what would once have been discarded and creating a new product – and the food industry is part of this approach, …
An eye-opening 81% of college students will choose a plant-based food offering when it’s the default option, according to a recent study led by foodservice provider Sodexo. And these Gen Zers are more interested in …
If proper technology and facilities can be developed to lessen the current emissions costs of lab-grown products, then yes, the research team found cultured meat to be much more environmentally competitive and with a potential wide range of applications. Today, though, the scientific/environmental/cultural jump “from pharma to food” remains an expensive and taxing endeavor for mother Earth.
Eat a balanced diet. We’ve heard that edict since we were children, but now all the shouting is about superfoods and supplements that can do everything from lower blood pressure to improve gut health to …
According to Circana Group and reported by The Wall Street Journal, nearly half of American consumers snack three times or more every day, a figure up 8% in the past two years. Last year, U.S. snack sales soared to over $180 billion, up 11% from the previous year.
There are many notable jerky and meat snack companies out there and most are thriving as the snackification of America continues apace. Jerky in any form has been a staple snack since navigators used sextets to sail the seven seas and discover more jerky, as John Smith is purported to have in the early 1600s when he marked a map of Virginia and wrote, “as drie as their jerkin beefe in the West Indies.”
Input costs are up, prices are falling, volumes are down. It’s an unprecedented environment.
This is fastly becoming the year of functional confectionery and “super sour” candy. Manufacturers are taking note in an era in which consumers are receptive to brief indulgences.
Why is Beyond Meat struggling? What will last in the plant-based category, and will it ever grow again? And what can other founders learn from this classic case of irrational exuberance? The answers may still surprise you.
The global carbonated soft drink market size is expected to grow at a modest CAGR of 4.7% through 2028, and industry experts say consumers demand more creative products like craft sodas.
As Congress considers a ban on the social media platform TikTok due to questions about the privacy of data, online safety concerns and connections with the Chinese Communist Party, many individuals and businesses alike are …
The process of upcycling food – finding new, higher-value uses for items that would otherwise go to waste – appears to boast untapped potential for businesses these days.
“Snacking is still a lifestyle in the U.S., fueled by the younger generation,” Wyatt began. “We’re in an unprecedented situation as price hikes in this category are outpacing other food/bev categories.”
With price hikes easing and food company earnings strong, it appears resilient consumers aren’t going anywhere – yet.
This article is sponsored and written by GTF Technologies. By now, everyone in the food industry knows that 30-40% of food produced1 and almost half of all fruits and vegetables grown worldwide2 go to waste. …
Shrinkflation is hitting Americans – hard. Almost three out of four consumers are concerned about the trend of shrinkflation – when companies keep their prices the same, yet give customers less of their products – …
The ramifications of weather and war have resulted in a global rice shortage, which could be among the worst in nearly a quarter century. Rice production for 2023 appears destined for a severe shortfall. “The …
Plant-based snacks can be a confusing category for consumers to navigate. The Food Institute spoke with Nora Witt, VP of Marketing at Dole Packaged Foods, about the evolution and key elements of plant-forward snacks across the supply chain.
Most consumers are aware that products like deli meat trigger occasional foodborne illness outbreaks. Those same people might be surprised, however, to find that items like onions, peaches, and flour are also common culprits of …
Nestle SA recently announced that only 30% of its portfolio is considered healthy after conducting a self-assessment using the Health Star Rating (HSR) system. The rating test also showed that a third of Nestle’s sales …
A new report by Vericast illustrated the lengths consumers are going to save amid inflation. More than anything, many consumers are bypassing restaurants in favor of cooking frozen pizza at home. Vericast’s 2023 Restaurant TrendWatch …
NEW YORK, April 13, 2023/FINewswire/– The Food Institute, the leading source for food industry news, data, and trends, announced today the official launch of “FI Latam” – The Food Institute’s Latin America-focused content platform. Elements …
Even amid inflation, candy consumption is occurring at a record-setting pace. Confectionery shoppers are looking for deals, but they remain committed to their candy consumption. According to the National Confectioners Association’s recently released 2023 State …
