The Age of Discontent: Gen Z is Frustrated At Work
Gen Z workers reported being less engaged with their jobs than all workers (81% versus 88%) and continue to drive the “quiet quitting” trend according to new research.
Gen Z workers reported being less engaged with their jobs than all workers (81% versus 88%) and continue to drive the “quiet quitting” trend according to new research.
Since April 2023, Bud Light sales have dipped significantly. Wholesalers argue, however, that beer sales are down for most brands, and they expect Bud Light sales to recover. Not all experts are convinced.
“Gen Z is tapped in, and they see the negative impact alcohol can have on their lives,” said Michelle Houston, founder of the To Be Honest Beverage Company.
U.S. dollar sales for organic products approached $70 billion in 2023, marking a 3.4% increase YoY and setting a record for the sector.
All of a sudden, $5 value meals are everywhere, from fast-food chains to major retailers. Industry insiders say the deals are simply a short-term solution, however.
The most recent rising trend in retail is lowering one’s expectations of retail. This year, clothing companies tended to fall the worst, followed closely by QSRs, big box stores, and grocers, in that order.
It’s no secret that the plant-based sector has seen its fair share of turbulence the past few years, but some products on display at the 2024 National Restaurant Association Show may buck these current trends.
Food prices are up; consumer confidence is down. Many QSRs and retail outlets reported losses in the last quarter. The Value Wars are here.
The so-called “anti-diet” movement aims to move people away from an obsession with weight loss and toward a healthier relationship with food.
Don’t look now, but Gen Alpha’s influence in the food industry is rising due to its increasing interest in cooking.
Many consumers feel they can’t win on cost alone – they also need an experience, or at least a decent reason to visit a brick-and-mortar store.
According to a new survey from Lending Tree, a staggering 80% of consumers now consider fast food a luxury because it’s so expensive.
Olympic cyclist Dotsie Bausch wants to set the record straight: Building strength with plant-based protein is a very accessible goal. Consuming plenty of vegetables, legumes, nuts, seeds, and grains is sufficient — the key is eating enough to fuel the body.
Functional chocolate is becoming a staple of health-conscious diets. Manufacturing the healthier-for-you chocolate often requires much trial and error, however.
Novel proteins including cultivated meat, mycelium, and dairy bioidenticals are advancing further into the market, and some state governments are pushing back. A new survey by McKinsey & Company explores how consumers perceive these ingredients—and their willingness to trial them.
Despite persistent challenges, vegan food market revenue is poised to reach $49.6 billion globally by 2032, growing at a CAGR of 11.8% during the forecast period.
According to retail insights company 84.51°, 27% of shoppers said they’re snacking multiple times per day, up 15% from 2023. Cheese is America’s favorite snack in 2024.
One thing that food industry consultants learn quickly is that public holding companies focus most of their resources on their Power Brands – the $1 billion+ revenue-generating giants whose slightest change in profit or topline …
Dr. Rodriguez is thrilled to live in a time when underrepresented voices, cultures, and cuisines can easily take the world by viral storm. She’s quick to point out that for many cuisines, blanket terms like “Mexican” or “Asian” just don’t do it anymore – the people, and the food, deserve more.
A new report from Gen Z research and strategy firm dcdx noted the importance of brand magnetism for the CPG industry to attract young consumers.
Consumers in the U.S. and Canada say that they are willing to pay more for products that practice eco-friendly sustainability and ethics in their development, packaging, and sale of products, particularly around animal cruelty and ocean pollution.
Total global coffee consumption is surging, as servings increased 5% year-over-year in 2023, signaling a promising opportunity for brands.
In assessing what we consume and how we feel, there’s a growing need to balance nutrition, indulgence, and sustenance.
For the first time in the report’s history, the top six brands – all of them – are store brands, from retailers like Walmart, Amazon, and Target.
It’s apparent in grocery store checkout lines, in social media, and in marketing campaigns: consumers demand eco-friendly food.
Supply Side East 2024: consumers are health-conscious and looking for products to support their well-being.
From GLP-1 injectables to mushroom-based coffee alternatives, the booming supplement market is making nutrition easier to manipulate.
Some of the takeaways from the Circana report indicate that inflation has generally gone pretty easy on the beverage category, prompting marketing teams to “promote their relative price stability and find ways to demonstrate value, recognizing that ‘value’ doesn’t always mean lower price,” and that premium categories continue to outperform more value-based brand propositions.
Today’s consumers seek snacks that not only satisfy but also nourish, blending convenience with balanced nutrition and illustrated by the emergence of breakfast bars and protein snack boxes.
Yelp has released its first-ever list of the 50 fastest-growing brands in the U.S. Restaurant chains dominate the top ten, half of which are “challenger brands” – businesses that are not market leaders but aim to compete by disrupting their industries.
Many consumers are less concerned about material possessions and are instead turning toward experiences for fulfillment, sparking a resurgence of the so-called “experience economy,” which is also evident in food and snacking choices. In the …
The future of marketing was examined by executives during this week’s Possible Conference. A key takeaway: shoppable content.
Among CPG energy drink brands, Celsius over-indexes with teens, with 17% citing it as their favorite energy drink brand (vs. ~12% market share) while Monster and Red Bull under-index. Among snack brands, Campbell’s Goldfish are still most preferred. Teens report highest intentions to eat more or the same amount of Mondelez’s Clif Bar and Hershey’s products.
The all-night diner is all but dead in America, with Yelp revealing that the number of 24-hour eateries is down 18% since 2020.
Other noteworthy shifts include the emergence of Gen Z and Gen Alpha as influential consumer groups. These young consumers are influencing market trends such as the push for labeling transparency and ethical production.
For starters, the global demographic landscape is undergoing a noteworthy transformation, with “second lifers” – those embarking on new chapters post-retirement – emerging as a powerful group of consumers. By 2050, the over-60 demographic is expected to double. This shift is pushing the market towards balanced nutrition.