Despite persistent inflation and cost-of-living concerns, consumers continue to seek out prepared foods for their ease and convenience. In a new survey from good natured, 72% of respondents claimed they have consistently purchased or increased …
Inventory distortion due to out-of-stocks and overstocks is projected to cost retailers $1.77 trillion worldwide this year.
The Consumer Curiosity Report was the first inaugural report developed by Curious Plot to not only learn how food-forward consumers think and behave, but to help establish, foster, and share new food trends from home to aisle, retail to restaurant.
Common sense wins the day in most respects, and a little data goes a long way toward verifying collective gut-checks, especially during inflationary years. And though the U.S. has landed a little softer than feared …
As the Hispanic Heritage Month approaches this September, the spotlight shines on the vibrant and ever-growing influence of Latin American cuisine on mainstream culinary trends in the U.S. The Food Institute’s upcoming Latam Food Week …
The meat alternative market is slowing down after years of explosive growth: dollar sales fell 18.5% to $370.2 million for the 52 weeks ended June 18, according to data from Circana. Without the perception of …
Every dairy category has seen positive growth, from milk, natural cheese, and eggs to yogurt, cream cheese, dairy processed cheese, and whipped toppings, all helping power the #SummerOfButter.
CHICAGO – Product developers and food scientists from over 70 countries learned about the latest in food ingredients and technologies recently at the IFT FIRST 2023: Annual Event and Conference. The Institute of Food Technologists …
New product launches from Maxwell House, Yough!, and Philadelphia signal important firsts for each of the brands. Designed to be convenient, better-for-you, and plant-based, these new offerings are indicative of the trends defining the food industry right now.
For 16 harrowing months at the height of the Covid pandemic, Dr. Morgaine Gaye lost her sense of taste and smell. The experience, she said, “was mind-blowing.” Turns out, you talk an awful lot about …
Summer offers the perfect opportunity for grocers to offer locally grown produce to differentiate themselves from the competition. Shoppers are looking for fresh foods for all occasions, from morning meals to barbecues, and positioning the …
The average family back-to-school spend is $890.07, driven largely by the cost of electronics.
To cook or not to cook, that is the question. But with grocery prices slowing their increase and restaurant prices rising at a faster pace, the question becomes whether consumers will opt to hone their …
Summer travel in 2023 is more localized as attendance at recreational venues is up significantly across the country, from stadiums and amusement parks to local fairs and movie theaters. The elevated foot traffic is also boosting food sales and driving innovation in the space.
Low-income shoppers are more cautious than ever when choosing a grocer—companies that can meet their needs have an opportunity to develop relationships that last a lifetime.
It’s unusual for a retailer to make it more difficult for consumers to shop at its stores. But membership fees are the key to Costco’s business. In fiscal 2022 (ending August 28), membership fees accounted for 54% of the company’s operating profit; the figure has risen to 58% in the first three quarters of fiscal 2023.
Kroger Precision Marketing (KPM), the retail media business of Kroger powered by 84.51°, is taking its advertising platform in-house to improve the platform for brand partners, Kroger itself, and most importantly, shoppers.
Amazon’s two-day Prime Day event starts July 11, and retailers are hoping it lifts the restraint consumers have been exhibiting since the beginning of the year. Call it Christmas in July. The annual sales orgy …
Private label has become a major category for retailers: 59% of executives say they will continue to prioritize private label, while 21% say their private label efforts will be accelerated, according to a survey by …
“Companies must stand out,” said Food Institute CEO Brian Choi. “To win in the marketplace, products have to have a differentiated selling point – just being ‘good’ is not good enough in this environment.”
Nearly one-third of survey respondents (30%) are currently skipping meals to account for their financial shortfall.
A new study found that 78% of Gen Zers are concerned about the economy and, somewhat surprisingly, 97% of the youthful cohort still shops in-store.
Recent research shows that modern consumers are drawn to the sustainable nature of seafood and view it as part of a healthy diet.
Walmart and Amazon, the top two retailers in the U.S., are both making big changes to their fulfillment strategies for online orders, aiming to ramp up next-day delivery. WALMART’S HUGE NEW HIGH-TECH CENTER Walmart recently …
Generative AI has the potential to revolutionize grocers’ entire ecosystem, especially online—if they know how to utilize the technology.
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 …
New research from analytics firm Placer.ai noted the steps that successful grocery chains are taking in 2023 to outpace the competition amid inflation.
“What is the route to market?” Carroll wondered. “That’s what we all used to say – ‘what is the route to market?’ Today, though, it’s the route to me. Give me what I want, when I want it, as conveniently as possible.”
Adapting to inflation, changing consumer preferences, and omnichannel has been a challenge for Latin America’s grocery industry. Nevertheless, in the past few years, retailers in Latin America have developed innovative strategies to create resilient products …
Aldi is cutting prices on more than 250 products, ranging from snacks to meals, and the move is putting even more pressure on an industry facing inflation.
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 …
Offerings such as member pricing boast potential to simultaneously grow market share and increase loyalty program penetration for grocers.
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.
Despite inflation, impulse purchases remain a key opportunity for maximizing basket sizes. A study by Ipsos found that while 56% of consumers say they’re making fewer impulse buys, one-third still made one in the past …
