Millennials grew up with store brands and they see them for what they are – a brand. Without a doubt, there is a transformation taking place in the private brand mainstream tier where products are moving away from strict equivalency to national brands and becoming true national brand alternatives.
“In the sea of nearly identical programs, grocers are racing to keep up by adding perks such as free delivery or bigger buy-one-get-one savings,” Upside’s Thomas Weinandy said in a blog post.
Looking ahead, Zimmerman noted that prices would likely increase in the new year, but the magnitude of that increase would likely be more subtle in 2024.
Americans are getting away from healthy habits like meal prepping and perusing produce aisles. Instead, many consumers opt for quicker, more convenient food that often include preservatives and copious amounts of sugar or oils.
“Grocers now have more technology at their disposal than ever before, and effectively leveraging this data to drive in-store performance has become increasingly difficult,” Boyle said.
The global health and wellness food market was $940 billion in 2022 and is projected to grow at a 5% CAGR, hitting $1.47 trillion in 2027.
Monolithic allegiance has given way to the brands and companies that can provide the best, most convenient, and value-driven experiences, making every consumer a seven-headed hydra.
Nostalgia and fond memories have kept cookies popular and the treats remain a favorite because of their portability and versatility.
The quarterly percentage of American adults who say they purchase organic food regularly (or, “every chance I get,”) is up two percentage points since the first quarter of 2021, reaching 12%.
“Remember that running a food and beverage business can sometimes be akin to ‘buying yourself a job;’ it may not always guarantee immediate or substantial returns on investment.”
The latest Food Institute Fast Break news podcast touches on PepsiCo’s bold plans for its convenient foods items.
U.S. milk and butterfat production experienced parallel growth at 24% from 1995 to 2010. Since then, however, production has exploded, particularly for butterfat, pushing 27% growth.
The latest Food Institute Fast Break news podcast touches on the evolution of self-checkout kiosks and customer service.
Eli Lilly’s Zepbound, recently approved by the FDA, is the most potent weight-loss drug yet. Could it impact the food industry? At least one expert says ‘yes.’
It’s no secret that consumers are dealing with a lot right now—emergency SNAP benefits ended, student loan payments restarted, and food inflation has persisted—putting many grocery consumers in a bind and ultimately changing how they …
Demand for instant noodles jumped 2.6% globally to a record high of 121.2 billion servings last year, according to the World Instant Noodles Association, and 2023 marked the seventh consecutive year of instant noodle growth and consumption.
Like session beers, Guiver said many ciders feature a higher ABV than what many people are used to (or remember!). “We’re seeing more ciders with ABVs of 7% or more as customer trends change,” she added, “and cider is walking this line of tradition as well as approachability and innovation.”
The Latin population in the U.S. is growing – how does this impact the U.S. grocery retail sector as a whole?
The lines between grocery store and restaurant have been blurring for some time now as retailers offer more takeout options for busy shoppers, but the concept can go beyond grabbing dinner while picking up groceries. …
Consumers have been hammered by the one-two punch of the pandemic and inflation, which is impacting what they buy and where they get it.
Grocers are always looking for ways to encourage larger baskets and build loyalty, and one potential avenue is looking outside the usual incentives to explore the possibilities of gamification. Fun, simple activities can be more …
Despite easing inflation concerns, consumers are still preparing 85% of meals at home, which presents significant sales opportunities. In a recent webinar, Circana and FMI unpacked the three major mindsets driving today’s fresh grocery shoppers.
The American apple harvest could reach 250 million bushels this year, a 1.5% increase from 2022. Branded apple varieties account for 15% to 20% of apple sales.
The latest Food Institute news podcast touches on the growing prevalence of food allergies among American youths.
The latest Food Institute news podcast touches on big changes in the seafood industry around the world of late.
The latest Food Institute news podcast touches on the Midwest heat wave’s potential impact on agriculture.
The latest FI news podcast touches on Aldi’s big acquisition, which could shake up the grocery category in America.
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 …
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.
New York City, July 11, 2023 (FI NEWSWIRE) – The Food Institute (FI), a leading food industry research and media company, is pleased to announce its collaboration with the upcoming Cocina Sabrosa Food & Beverage Trade …
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.
Offerings such as member pricing boast potential to simultaneously grow market share and increase loyalty program penetration for grocers.
