Global research firm Mintel predicts strong growth in the functional beverage market as consumers seek out products that enhance their mental and emotional well-being, reported Supermarket News (July 9). WHAT IS DRIVING DEMAND? The Food Institute …
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 …
The USDA’s Farm Service Agency will begin accepting applications next Tuesday from livestock producers who suffered pandemic losses as a result of their inability to gain sufficient access to processing. Relief will come from the …
In today’s omnichannel world, customer loyalty is difficult to earn and just as tough to maintain. With that, keeping pace with customers’ evolving tastes is an undeniably tall task. These issues were analyzed recently during …
With the Consumer Price Index rising 0.9% in June, food brands are raising prices to keep up with inflation. The latest major company to follow suit is Conagra. Conagra recently cut its fiscal 2022 outlook …
The statistics are staggering. According to a recent poll conducted by job site Monster.com, 95% of respondents were “currently considering changing jobs,” and 92% said they’d switch industries to get a new job. The top …
Investments into the plant-based meat industry have risen rapidly of late, with the industry raising over $1.4 billion in 2020 alone, according to a report from IDTechEx. The industry is optimistic that these trends will continue into …
The Consumer Price Index for All Urban Consumers increased 0.9 percent in June on a seasonally adjusted basis after rising 0.6 percent in May, the U.S. Bureau of Labor Statistics reported today. This was the …
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 …
Consumer demand for low carb products has remained strong in 2021, due in part to the ongoing popularity of the ketogenic diet, which involves drastically reducing carbohydrate intake and replacing it with fat. According to …
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 …
The Federal Reserve raised its median forecast for inflation this year, projecting consumer prices will rise 3.4% in the fourth quarter compared to a year prior. Since the pandemic began, grocery bills have gone up 8%-9% …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: grocery inflation, menu price hikes, cost saving ideas, and more. Don’t be surprised …
Chick-fil-A was rated America’s top fast-food restaurant for a seventh straight year, according to the latest American Customer Satisfaction Index (ACSI), which provides customer satisfaction benchmarks for major companies in the foodservice sector. At the …
Recently opened DOM’s Kitchen & Market in Chicago’s Lincoln Park neighborhood is putting a rather unique spin on the supermarket-restaurant concept, in an effort to lure customers multiple times per week. The 17,150-square-foot supermarket is …
As the lines of traditional retail continue to blur, Dollar General is gaining competitive ground across multiple sectors, including grocery, convenience, and most recently, health and wellness. With 17,266 locations nationwide, Dollar General is the …
Global food prices recently fell for the first time in a year, potentially offering some relief for consumers and easing inflationary pressures. COSTS DROP 2.5% A United Nations gauge of food costs dropped 2.5% in …
Yandex Self-Driving Group, a unit of Russian tech company Yandex, has partnered with Grubhub to bring robotic delivery to American college campuses. Yandex hopes to reach over 250 campuses over the course of the multiyear …
A new study from Duke University has identified several chemical components in beef — some of which are important to human health — that are not present in plant-based substitutes, and vice versa. The study, …
The latest food company to ride the IPO wave is Chobani. The company announced early Wednesday that it has filed for a confidential draft registration statement for a proposed IPO with the Securities and Exchange …
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% …
The food industry took major hits throughout the pandemic. In the aftermath, internal and external wage disparities continue to exacerbate labor issues industrywide. In 2020, median food industry employee compensation was $33,392, down 0.7% year …
Coop, one of Sweden’s largest supermarket chains, was forced to close some 500 stores due to an ongoing cyberattack affecting organizations around the world, reported BBC (July 4). Though the supermarket itself was not targeted …
Amazon broke new ground in the retail space with the recent debut of its “Just Walk Out,” cashierless checkout system at a grocery store in Bellevue, Washington. Amazon’s VP of Physical Retail and Technology, Dilip …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: Gen Z Unemployment, Robinhood and new generation of investors, earnings from McCormick (MKC), …
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 …
Jason Dorsey knows it’s not easy to keep up with all the evolving forms of social media. Nevertheless, the Gen Z expert feels it’s time to embrace marketing on TikTok, a social network which has …
The specialty food market reached $170.4 billion in 2020, with sales at retail increasing 19.4%. Overall, the specialty sector accounted for 21.5% of all food sales at year’s end, according to the Specialty Food Association’s …
U.S. beverage demand is forecast to increase 2.9% yearly in nominal terms through 2025, as income rises and the population grows, according to Beverages: United States, a report by Freedonia Focus Reports. Here’s a look at which …
McCormick & Co. today reported financial results for its fiscal second quarter ended May 31, 2021. KEY HIGHLIGHTS Sales rose 11% in the second quarter from the year-ago period. In constant currency, the company grew sales …
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 …
The future of vertical farming is bright. Advanced technology and increasingly severe weather conditions that hurt outdoor farming are contributing to big growth, albeit from a very small base. And that growth will accelerate over …
Consumers resuming active lifestyles are still maintaining at-home habits, according to a new IRI report highlighting key trends and growth opportunities for CPG manufacturers and retailers. In April, food and beverage sales for at-home consumption …
General Mills and Constellation Brands both reported earnings today. Here’s a closer look at highlights from both reports: GENERAL MILLS Fourth Quarter 2021 Highlights Net sales declined 10 % to $4.5 billion and organic net …
The plant-based ice cream sector is growing fast, with no signs of slowing on the horizon. At the end of March, snack bar brand KIND released seven flavors of frozen, plant-based desserts, reimagining their classic …
The USDA is predicting increased milk production this year and next, pushing prices lower in the near term. University of Missouri economist Scott Brown told Dairy Herd Management (June 22) producers are getting squeezed by …
