Amid Inflation, Consumers Have a Beef with Beef Prices
Beef eaters have a tough choice to make these days: switch to cheaper proteins or swallow the more than 11% increase in prices from 2020 levels, averaging $5.40 a pound in June.
Tag: Meat
Investment in Lab-Grown Meat Intensifying
Investments in plant-based meats have cooled off in the last year with many venture capitalists turning their attention to lab-grown meat.
Tips for Capitalizing on Plant-Based Products
Is Beefalo the Next Big Thing in Meat?
In an era in where veganism is increasing and protein alternatives are making inroads, some in the agriculture realm believe they’ve found the future of traditional meat production. Proponents of a crossbreed of bison and …
Inflation Alters Plans for Two Meat Processors
National Beef Packing Co. LLC has postponed the planned $100 million expansion of its Tama, Iowa, plant, citing rising costs, Meat+Poultry reported (June 10). In March 2021, the company announced the expansion, which would have …
Innovative New Products Entering the Plant-Based Category
Bacon Battles Soaring Inflation with Innovation
As record high prices put a damper on bacon sales, retailers and producers are leveraging innovation to help drive consumer engagement. Per IRI data, dollar sales for bacon totaled $6.4 billion in the week ending …
Analysis: What Exactly is the Carnivore Diet?
The carnivore diet – a meat-only meal plan – is gaining in popularity. Compared to other low-carb diets, such as paleo and keto, the carnivore diet eliminates all carbohydrates and plant foods completely. According to …
Projecting the Plant-Based Future
Is the Future Consumer Flexitarian?
As reported in a recent FoodThink white paper, flexibility is among the top priorities for U.S. consumers when it comes to food shopping and eating behaviors. With food habits and social wellness trends evolving rapidly, …
Inaugural Protein & Plant Evolution™ Conference Announced
Interactive & Educational Conference Designed to Meet the Needs of Retailers, Foodservice Operators, Food Manufacturers, Investors, Financial Services and Policy Makers, Scheduled for June 1-3 February 16, 2022/FI Newswire/ – The Food Institute and The Lempert …
Economist: Higher Costs Expected for Super Bowl Parties
What will the cost of your Super Bowl spread be this year? About 8% to 14% more than 2021, according to Wells Fargo’s inaugural Super Bowl Food Report— a light-hearted look at food and beverage …
Beverage Industry Supply Chain Bubbling Over with Issues
Against the backdrop of the January Food Institute report on supply chain issues (available to FI members on Jan. 18; to join FI, click here), we’re taking a closer look at constraints in the beverage …
Beef Prices Seen Higher as COVID Hits Meat Industry Again
Meatpacking, an early epicenter of the pandemic in 2020, is the latest sector to be affected by a surge in cases of the highly contagious Omicron variant. The National Joint Council of Food Inspection Locals …
Will Plant-Based Chicken be the Next Big Menu Item?
Editor’s note: The Food Institute has a new Plant-Based Insider newsletter, coming in February! To sign up, click here. Plant-based chicken is taking center stage in 2022. KFC is the latest chain to introduce a …
Veganuary 2022 Coincides with Growing Flexitarian Trend
Editor’s note: The Food Institute has a new Plant-Based Insider newsletter, coming in February! To sign up, click here. The excesses of the holiday season behind them, many Americans resolve to eat healthier. Why not …
Meat Snacks Market Gains from Changing Preference for Nutritional Food
This article is written and sponsored by Transparency Market Research. The global meat snacks market is expected to grow at a CAGR of 7% and reach a whopping US$ 14.5 billion by the end of 2029, …
Frozen Meat Market Appears Poised to Heat Up
This article is written and sponsored by Transparency Market Research. E-commerce trends and consumers’ increasing desire for convenience have helped fuel growth in the frozen food industry. According to a report by the American Frozen Food …
Experts: Inflation, E-Commerce Require Companies to Rethink Strategies in 2022
During CPG Growth Strategies in an Inflationary 2022 – a recent webinar presented by IRI and RBC Capital Markets – experts noted what to expect in the months ahead regarding food prices, the labor pool, …
Has Arby’s Started a Pork Sandwich War?
On the heels of the fast-food industry’s chicken sandwich wars, has Arby’s fired the first shot in a new battle? The privately held chain recently launched its Country Style Pork Rib sandwich as a limited-time …
Meat-Tax Debate Percolates During COP26 Summit
The idea of a meat tax has been in the spotlight as of late to reduce consumption of beef due to its effects on climate change. The United Nations said that emissions from livestock account …
What’s Driving Beyond Meat’s Slide?
What’s going on at Beyond Meat? A week ago, the company’s stock price fell 12% after it warned that third-quarter revenue should come in at $106 million—far lower than its prior outlook and the nearly …
Whole Foods Unveils Top 10 Food Trends for 2022
Whole Foods Market’s Trends Council unveiled its seventh annual top 10 anticipated food trends for 2022. “Last year, we saw tremendous pandemic-related shifts in grocery buying habits as the world adjusted to spending more time …
BREAKING: McDonald’s to Trial Plant-Based Burger in U.S.
McDonald’s will test the McPlant burger in partnership with Beyond Meat in eight U.S. locations next month. Beginning November 3, customers in Irving, Texas; Carrollton, Texas; Cedar Falls, Iowa; Jennings, Louisiana; Lake Charles, Louisiana; El …
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Report: Plant-based Menu Items Skyrocketing at U.S. Restaurants
With what seems like a new plant-based development each week, it’s no surprise that meat alternatives are now a $14 billion market, according to Tastewise’s new Q3 Market Report: Alternative Proteins. The Food Institute reviewed …
Analyst: Plant-Based Food to See Massive Growth in Next Decade
Just when it seems like plant-based food couldn’t get any bigger, the industry is now predicted to grow fivefold by 2030. The global plant-based alternatives market could grow to $162 billion in the next decade, …
POULTRY UPDATE: Thanksgiving Turkeys Could Be in Short Supply
The latest industry to be impacted by supply constraints is poultry. LABOR AND SUPPLY ISSUES THREATEN HOLIDAY TURKEY AVAILABILITY A broker for Shady Brook Farms, one of the nation’s largest turkey suppliers, said in a …
Assessing the Mounting War on Meat
While climate and animal welfare advocates are encouraging less meat consumption, consumer demand continues to rise. With that, some are going on the offensive through legislative efforts. And the battle, it seems, will likely continue …
Meat Prices Continue to Rise After Pandemic Push
Inflation is affecting prices across the food continuum, and meat is no exception. Meat prices were up in the first two quarters of the year when compared to both 2020 and 2019, according to analysis …
USDA Taking Steps to Boost Meat and Poultry Market Competitiveness
To address concerns about competition in the U.S. ranching and farming system, USDA will allocate $500 million to expand meat and poultry processing capacity across the nation. The agency said the move was “one of …
Little Caesars Launches Plant-Based Pepperoni Pizzas
The latest plant-based foodservice offering? Planteroni Pizza from Little Caesars. The pizza chain is now offering pizza made with Field Roast’s Plant-Based Pepperoni at many of its stores across the U.S., making it the first …
Food Industry in the Spotlight as Fourth of July Celebrations Return
Two-thirds of Americans plan to return to normal Independence Day celebrations this weekend, according to Numerator. So, as pandemic restrictions ease and Americans resume their Fourth of July traditions, The Food Institute takes a closer …
Despite the Rise of Plant-Based Alternatives, Meat Department Sales Up 19% in 2020
Despite the rise of plant-based alternatives last year, meat department sales reached $82.5 billion in 2020, an increase of 19.2%, according to the 2021 Power of Meat report from FMI and the Foundation for Meat …
Cell-Cultured Meat Looks to Go Mainstream
Israeli startup Future Meat Technologies Ltd. is in talks with U.S. regulators to start offering its cell-based meat products in restaurants by the end of next year. THE WORLD’S FIRST INDUSTRIAL CULTURED MEAT PRODUCTION FACILITY …
U.S. Meat Processing Update: As Industry Faces Oversight, Sanderson Explores Sale
As demand for chicken products rises, and the meat industry addresses anti-competitive behavior, Sanderson Farms Inc. is reportedly exploring a sale. POSSIBLE SANDERSON SALE Sanderson Farms tapped Centerview Partners for advice on its potential sale …
UPDATE: JBS Poised to Reopen Following Cyber Attack
JBS has made “significant progress” in resolving the cyberattack that hit its global operations and will have the vast majority of its plants operational today, reported Bloomberg (June 2). “Our systems are coming back online …