High Tolerance: How Functional THC-infused Drinks & Snacks Could Alter the Industry
THC is one of the fastest growing ingredients in foodservice, increasingly legal, and visible amid a key demo—the millennials.
Tag: Millennials > Page 2
Survey: Purpose-led Brands See Far Higher Revenue Growth than Incumbents
A new survey shows the value that having a clear sustainability mission can have for purpose-led brands in the CPG space.
Report: Loyalty Members Defying Inflation with Higher Spending
Loyalty spending reached the highest point on record across all restaurant and convenience store concepts in 2021. This traction reflects the value of loyalty programs as a source of revenue during inflationary periods. According to …
Restaurants Get Creative to Aid Consumers Reeling from Inflation
It’s been a year of shifting priorities as inflation firmly holds its grip on the US economy. For those in the food industry, it’s a battle over managing prices while facing limited supplies and labor. …
Millennials, Gen Z Key to Plant-Based Advancement
Despite industry-wide challenges, both dairy and meat plant-based alternatives are forecast to grow through 2024, driven almost entirely by Millennials and Gen Zers. According to a recent report by The NPD Group, these plant-based consumers …
Amid Labor Shortage, Gen Z Demanding ‘EWA’ Pay
Companies like McDonald’s are allowing workers to access hourly pay on demand in the hopes of shoring up the ongoing labor shortage.
Report: Canned Cocktail Craze Hitting High Gear
The canned cocktail trend is gathering momentum as the summer of 2022 rolls on.
Tea-Infused Cocktails Take TikTok by Storm
Tea-infused cocktails are the latest drink trend on TikTok, signaling that healthy, affordable beverages resonate with consumers.
Millennials Favoring Energy Drinks with Functional Claims
CHICAGO – At Coffee Fest Chicago recently, business owners and various industry reps gathered to take note of new products, as well as learn how to increase sales. As much as anything, the event suggested …
As U.S. Food Allergies Rise, So Do Opportunities for Food Companies
Food allergies are taking a toll on the U.S. Approximately 32 million Americans have some type of food allergy, according to the Asthma and Allergy Foundation of America. “In the years ahead, the need to …
Numbers of Note: The Millennial Shopping Basket
3 Keys for Marketing to Millennial Parents
Millennial parents have become massively impactful consumers. Several stats speak to the generation’s purchasing power. First, millennials in general are the largest adult cohort worldwide, with 23% of the global population – or 1.8 billion …
Study: Meal Kits Gaining Momentum with Gen Z, Millennials
New consumer research suggests that meal kits are gaining momentum – especially with young adults. According to research from Culinary Visions, an insights and trends forecasting practice, 49% of consumers ages 18-34 say meal kits …
Report: QR Code Usage on the Rise for Young Consumers
One of the lasting pandemic-related changes in consumer behavior could be the adoption of the QR code, according to a new FoodBytes report from Datassential. A year ago, just a quarter of consumers had encountered …
Poll: Most Americans Have ‘Trust Gap’ Over Food-Source Information
According to a new poll, less than 25% of U.S. adults strongly trust information about where their food is grown and how it’s produced. The recent University of Minnesota survey of 1,022 Americans revealed that …
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 …
Consumers Continue to Spend Despite Drop in Economic Optimism
Consumers are making purchases at a record clip, but economic sentiment continues to wane. Spending across Bank of America’s network of debit and credit cards has surged — mainly in entertainment, travel, and restaurants — …
Survey: Gen Z Drawn to Cannabis Products
A new survey signals that marijuana is competing with alcohol for Gen Z’s dollars. Technomic’s recent Adult Beverage Planning Program report shows that, in states where recreational cannabis is legal, nearly two-thirds (65%) of Gen …
Author: Gen Z Consumers Seek Brands with Clear Purpose
Following in the footsteps of Millennials, Gen Z has taken a liking to chains such as Olive Garden and Starbucks, proving everything is cyclical, according to Piper Sandler’s latest Taking Stock with Teens survey. The Food …
Survey: Millennials Still Love Food Subscriptions, But Interest Waning Elsewhere
A new report suggests that the pandemic boom for U.S. subscription brands is wearing off. Attest, an SaaS consumer research platform, on Thursday released its latest direct-to-consumer research report, surveying 2,000 Americans. And the results …
Millennials, Gen Z Fueling Coffee Sales Boom
Coffee consumption is going strong throughout the U.S., with drinks away from home on the rise and younger consumers driving the popularity of specialty, refrigerated, and ready-to-drink brews. According to the National Coffee Data Trends …
The Latest Generation Marketers are Courting? Gen Alpha (and Their Millennial Parents)
Marketers are increasingly turning their attention to Generation Alpha – the kids born after Gen Z – not to mention their Millennial parents. Generation Alpha, typically considered those born beginning in 2010, figures to grow …
Parents Want Nutritious Kids Meals. Are Restaurants Ready to Deliver?
Demand for more nutritious food options on children’s menus continues to climb as health-conscious Millennial parents seek options that align with their own dietary values. Now more restaurants seem to be responding, with traditional kids …
Survey: Millennials, Gen Z Big Fans of Bubble Tea
The beverage industry has seen an increase in demand for premium beverages among younger consumers, and boba tea is a growing niche in that specialty segment. According to a recent CLSA survey of consumers, 94% …
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Social Media Critical for Securing Consumers Under 40, Study Says
Despite the rapid growth of social media, many companies are just beginning to grasp the power of influencers, noted Kevin Brown, the chief marketing officer of Onbe, a payments partner for several brands. “To build …
Post-Pandemic Millennial Food and Beverage Trends
Which post-pandemic Millennial food and beverage trends are the folks at Moosylvania tracking? Join Moosylvania chief strategy officer Andrew Cohen as he discusses what’s changed and what’s stayed the same with America’s darling cohort in …
Restaurants Back from the Brink with Soaring Sales
U.S. restaurant sales reached $67.3 billion in May, representing the third month in a row that sales reached an all-time high, according to Census Bureau statistics. The growth is set to accelerate, according to OpenTable …
U.S. Employers’ Next Challenge: Handling the ‘Great Resignation’ Wave
A strange thing happened as the U.S. started emerging from the pandemic: Rather than workers debating whether they wanted to go back to the office a few days a week or full-time, many just decided …
Analyst: ‘Growth Trifecta’ Signals Strong Future for Organic Products
The organic food and beverage market hit a high note in 2020, with record-breaking sales climbing 12.4% to nearly $61.9 billion in the U.S, according to a recent survey by the Organic Trade Association (OTA). …
FI Fast Break: April 30, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the latest innovations in plant-based protein, a predicted slump for delivery apps, millennials’ favorite brands, and more. To listen, click the play/arrow button …
Millennial Brand Favorites Revealed in New Survey
Millennials’ favorite food and beverage brands in 2021 highlight a taste for convenience, comfort, and quality with a focus on affordability. The popularity of private labels and non-traditional retailer formats are also on the rise. …
Premium Private Labels Continue to Disrupt Grocery Market
The demand for private label grocery products remained strong throughout the pandemic, with higher-end premium lines driving sales for traditional grocers, clubs, and mass merchandisers. Now, Kroger plans to add 660 items to its private …
Foreseeable Future Appears Bright for Grocers
Online grocery usage has skyrocketed in recent years: 73% of consumers had purchased grocery items online within the last three months, compared to 17% in 2017, according to a survey by Power Reviews. Of course, …
Restaurant Loyalty Programs Growing in Popularity, Especially with Baby Boomers
Now, more than ever, food companies are leveraging loyalty programs to generate sales. At the same time, customers are demanding them. Wade Hanson, Principal with Technomic Inc., said the Baby Boomer generation especially values loyalty programs like the Royal Perks initiative recently launched by Burger King. “Boomers are …