Amazon sales continue to rise, with the e-commerce giant reporting fourth-quarter sales grew 9.4% to $137.4 billion. Notably, Amazon had its biggest-ever Black Friday to Cyber Monday holiday shopping weekend. Further, during the holiday season, …
Things are looking up in the world of foodservice. Restaurant industry sales are expected to hit $898 billion this year, up from $864 billion in 2019, according to the National Restaurant Association’s State of the …
Nigel Hughes had an uncomfortable thought at the outset of the coronavirus pandemic. The SVP of global research and development at The Kellogg Company feared his company might struggle in the snack space amid pandemic lockdowns, since …
The global chocolate confectionery market is anticipated to reach $154.5 billion (USD) by 2025. Its growth has been aided by the pandemic, during which consumers have often turned to comforting, indulgent foods, like milk chocolate …
Vertical farming is growing by leaps and bounds. In fact, the evolving form of agriculture has become a multibillion-dollar industry and is expected to reach $12.77 by 2026, growing at a compound annual growth rate …
Campbell’s Soup released its third-quarter results and updated full-year guidance this morning. Shares of the company (Ticker: CPB) are trading down close to 7% pre-market as of 8am ET as investors react to the results: Net …
Matt Thomas didn’t found his company, Brew Dr., thinking he would someday sell kombucha that’s infused with hemp derived CBD. In fact, in 2021, CBD-infused products still only make up roughly one-tenth of 1% of …
Kerry Group recently released its 2021 Taste Trends report, highlighting food and beverage trends that are gaining traction in several regions worldwide. The annual report aims to highlight the key ingredients and tastes currently influencing …
With about 25% of restaurant locations expected to shut in the U.S., there has been huge growth in digital sales during the pandemic, according to the Limited Service Restaurant Digital Maturity Benchmark, 2020 report from …
