Mushrooms are currently thriving at the intersection of multiple industry trends, including alternative proteins, food as health, and countertop gardening. A recent report by Grand View Research projected that the global mushroom market value is expected to exceed $50 billion in …
While grocery store owners benefited from a rush of customers throughout much of the past year as the pandemic raged, owners now have growing concern that their bottom line will look far less rosy in …
According to a study conducted by Allied Market Research (June 2020), the non-dairy ice cream market was valued at roughly $520 million in 2019 and is growing at a compound annual growth rate of 13.7%. …
Cattle produce approximately 78% of total livestock greenhouse gas emissions and are responsible for 14%–18% of human GHG. But, according to a recent report by Global Change Biology, ranchers who focus on changes to their agriculture production …
Breaking up is hard to do, but Walmart and McDonald’s seem to have made the split on decent terms. McDonald’s recently announced plans to shutter hundreds of its locations positioned within Walmart stores. After the …
Impossible Foods is reportedly planning for a $10 billion public listing within the next year, either through an IPO or a SPAC. The valuation would be substantially higher than the $4 billion the company was worth …
Gluten-free diets are all the rage, but aside from benefitting the small percentage of people with celiac disease and non-celiac gluten sensitivity, there is little to no evidence showing that a gluten-free diet is effective …
Free is good, as any customer will tell you, and fast-casual restaurants are beginning to see the benefits of offering free (or virtually free) coffee to drive increased traffic and revenue. In February 2020, Panera …
While plant-based protein still makes up a small portion of the overall protein market, the segment has been gaining significant traction. The plant-based proteins market is expected to grow at a CAGR of 9.5% through …
The push for the Raise the Wage Act, which would increase the minimum wage to $15, is pressuring U.S. businesses like restaurants that depend on keeping labor costs in check to survive. QSRs are finding …
On April 1, the USDA announced that it will provide $1 billion per month in additional SNAP food assistance to an estimated 25 million people in low-income households. U.S. Secretary of Agriculture Tom Vilsack echoed …
Lamb sales are surging. While shoppers used to be wary due to its higher price tag, store sales of lamb jumped 28% year-over-year as of last month, according to Nielsen. Meanwhile, beef sales rose 25.6% …
While the fast-food “chicken wars” have been going on for some time, Taco Bell and Chipotle are now headed for battle on another front. The two largest Mexican-food chains are testing new items and jockeying …
Unilever plans to introduce carbon-footprint details for all 70,000 of its products and is researching best methods for gathering and presenting the information. A key motivator for the company is that brands perceived as sustainable …
Big foodmakers are taking advantage of a pandemic-driven rise in online shopping to track consumer analytics. “For a food brand it’s really no longer about who has the biggest factory, or who has the biggest …
Seafood mislabeling is rampant throughout the industry, accounting for as much as 55% of product sold in some countries with little regulatory framework in place to prevent the practices, an analysis by The Guardian indicated. …
Plant-based food and drink companies are tapping into rising consumer demand for animal product alternatives, including milk. In fact, sales of plant-based milks grew five percent in 2019, making up 14 percent of the entire milk category, according to …
A federal appellate court has ruled a state law that prohibits companies from marketing alternative protein products as meat does not violate free speech rights, but it begs the question of whether consumers really would …
New York and New Mexico are primed to join 15 other states in legalizing marijuana, which could have far-reaching implications for the food industry. NY & NM JOIN IN ON LEGALIZATION Shortly following legalization in …
Frozen food sales have been anything but icy of late. Frozen foods were among the fastest growing categories in grocery stores over the past year, according to the American Frozen Food Institute’s Power of Frozen …
Some 5,800 Amazon employees at the company’s Bessemer, Alabama, warehouse voted in the last two months on whether to unionize in a move that could energize the labor movement and mean higher prices for those …
Some coffee purveyors say they’re not too worried – at least in the short term – about the shipping container shortage that is pressuring already tight coffee supplies, the result of a South American drought …
A pair of cereal brands, General Mills’ Cinnamon Toast Crunch and Post’s Grape-Nuts, have been under the spotlight of late, by both the media and those on social media. Although their situations are different, both …
Most the world’s largest meat and dairy companies haven’t made commitments to achieve net-zero emissions by 2050. Researchers from New York University noted in a recent study that the largest meat and dairy producers are …
As the pandemic continues and vaccines become more readily available in the U.S., here are some insights into how consumers feel about dining out and shopping in stores: Dining Out A significant number of Americans …
Sure avocados, legumes and blueberries are superfoods, but can they solve some of the world’s most pressing challenges like climate change and food waste? Seaweed, the Asian cuisine superfood ingredient that’s starting to gain traction …
While it may seem like some of your friends and family are a little over the top when it comes to lavishing their four-legged friends with top-shelf pet foods and specialty items, they’re actually part …
Pizza has been in high demand throughout the COVID-19 pandemic. But, as indoor dining resumes and competition between food pick-up and delivery services heats up, how will major pizza chains maintain sales momentum? Major …
During the pandemic, restaurants have had to find new ways of winning over consumers. Those who are innovating seem to be recovering well from pandemic-related losses. “300 million people wake up hungry each day, and …
The world’s largest meat supplier, JBS SA, recorded fourth-quarter profits that spiked 65% from a year earlier. Sales were boosted by strong food sales in China and the U.S. and a sharp devaluation of Brazil’s …
Fast-food restaurant chains are turning their attention to food trucks as a way to give pandemic-beleaguered franchisees an alternative channel to boost sales damaged by restrictions on the number of customers who can dine in …
Manufacturers of traditional dairy yogurts are increasingly selling and moving toward plant-based options. Here’s a look at all the industry trends that are rapidly reshaping the yogurt market. GENERAL MILLS General Mills recently announced that …
On March 17, The Food Institute hosted a webinar on the prospects for mergers and acquisitions activity in the food industry. The event provided a deep dive into M&A trends, with analysis from Lech Czerski, …
Consumers are increasing their off-premises dinner purchases, according to the latest weekly survey from the National Restaurant Association. In the early spring 2021 period, Gen Xers and Baby Boomers have increased their weekly off-premises dinner …
Kellogg plans to shift its manufacturing electricity sources to over 50% wind energy globally by the end of 2022. The ambitious goal speaks to growing social and environmental concerns within the food industry. The company signed a long-term …
Saturday, March 20, was declared MeatOut day by Colorado’s governor, which prompted defiant gatherings supporting farmers in Colorado, Nebraska, and Wyoming. Colorado Gov. Jared Polis, a Democrat, pointed to the health and environmental benefits of …
