Focus Archive > Page 43

Can Meat Industry Maintain Record-Setting Sales?

The recently released 2022 Power of Meat report indicated pandemic-induced inflation sent meat prices soaring, with sales hitting a record $81.8 billion in 2021, an increase of 0.3% from the previous year. Those record sales …

Restaurant Sales Improve Following January Slump

After ten consecutive months of traffic gains, the U.S. restaurant industry’s recovery slowed in January, according to The NPD Group. However, things are looking up. OMICRON-INDUCED SLOW DOWN IN JANUARY The surge of the COVID-19 …

From Kimchi to Bulgogi, Korean Cuisine Gaining Steam

Korean cuisine had its moment in 2021, and all indications suggest that popularity could last for the foreseeable future. According to new data from analytics company Spoonshot, interest in Korean cuisine spiked nearly 90% in …

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 …

Ultrafast Food Delivery May Be Slowing Down

For some time, it seemed like there was a new app every week promising New Yorkers food and other deliveries in 15 minutes or less. Now, it looks like there could be a bump in …

Inflation Is Surging and Dollar Store Sales are Too

With inflation running at its highest level in four decades, consumers are pinching their pennies and looking to dollar stores to stretch tightening budgets. With inflation currently running at 7.5%, consumers are getting nervous about …

Grain Markets Monitor Russia-Ukraine Conflict

U.S. consumer support for domestic agriculture has grown stronger, according to a  new survey from the United Soybean Board. In fact, 78% of respondents said it’s important to purchase U.S.-grown food, an 8% increase from a …

Analysis: What are the Benefits of Precision Fermentation?

The process used to create precision fermentation is akin to alchemists transforming basic metals into gold. In this case, however, scientists are transforming sugar and fungus into hamburgers. According to RethinkX, a think tank that …

What’s Next in Pizza?

Consumers are getting more adventurous with their pizza. In fact, Slice’s 2022 Slice of The Union report indicates that three types of not-so-traditional pizza had their best year ever: Dairy-free pizza was 333% more popular New …

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 …

Port Delays Continue to Pile Up

Global shipping is likely to take another hit in the wake of the Russia-Ukraine conflict. The invasion adds a level of complexity to an industry already navigating changing consumer demand, inflation, and the ongoing effects …

Will New Hemp-Infused Drink be a Trendsetter Among Big Brands?

These days, non-alcoholic beverage manufacturers, like PepsiCo and Coke, are seeking to expand their production amid shrinking soda consumption. And, taking that strategy a step further, Pepsi is now hoping to attract younger female consumers …

Will Restaurants Become the Focus at Malls?

For much of the 1980s and ‘90s, American malls were where seminal moments occurred in the lives of adolescents. They bought puppies at the basement pet store. They rented tuxedos for proms. And they socialized in …

What Do Consumers Want from Loyalty Programs?

Newsweek recently released its America’s Best Loyalty Programs 2022 list and several food brands stood out. In the grocery category, Kroger, Sprouts Farmers Market and Publix Super Markets landed the top spots, while Jersey Mike’s …

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 …

Las Vegas Event Illustrates Push for Sustainable Food Products

LAS VEGAS – The specialty food industry gathered en masse at the recent Winter Fancy Food Show earlier this month, and some noteworthy industry transformations were apparent, influenced by the pandemic and changing consumer preferences. …

Analysis: Industry Flocked to Gulfood Event

DUBAI—Gulfood, the world’s largest annual food and beverage sourcing event, rebounded in a big way from the pandemic this year. The show, which concluded on February 17, featured 4,000 exhibiting companies from 120 countries, up …

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Restaurants Work New Strategies to Retain Staff

Hiring new employees is hard for businesses across the food landscape. Retaining them is even harder. And if you are a restaurant operator amid the current worker shortage, your staffing problems are the hardest. The …

Russia Invasion of Ukraine to Push up Energy, Food Prices

The United States and its allies are escalating sanctions against Russia as a result of its invasion of Ukraine that could ripple through the world economy, aggravating inflation and supply chain issues, and prompting consumer …

Super Bowl Ads Provide Big Boost to Food Companies

A few food companies scored big thanks to this year’s Super Bowl. AdAdapted, a shopping list marketing and insights platform, recently researched the influence of this year’s Super Bowl commercials and found two chip brands, …

3 Specialty Food Trends to Watch

Makers and merchants in the $170.4 billion specialty food industry have a history of introducing trends that stick. With that in mind, here are three categories to watch regarding specialty foods in 2022: VEGETABLE INSPIRED …

Poultry Growers Under Pressure as Bird Flu Spreads

Poultry growers have been advised to double down on biosecurity and sanitation practices with reports of further avian influenza infections in both commercial and non-commercial flocks, as well as wild birds, in the Northeast and …

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 …

The Meal-Kit Industry Is at a Crossroads

Meal kits are at a crossroads. Despite strong sales earlier in the pandemic, customers have dropped meal kits in droves as restrictions ease, while soaring food and logistics costs squeeze margins. In December, HelloFresh released 2022 …

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 …