The International Foodservice Manufacturers Association (IFMA) released its final 2023 estimates and its latest 2024 Food Away-From-Home (FAFH) Industry and Segment Projections.
The event at the Radisson Plaza Hotel at Kalamazoo Center will feature CEOs, presidents and directors of business from all areas of the food industry, as well as an update about WMU's food marketing program, which provides talent to the leading companies that attend the conference.
The research, Finding Growth for Food & Beverage at Retail: Winning Eating Occasions throughout the Day, supports go-to-market strategies and ways in which grocers can attract more shopper relevance regarding needs, experiences, tastes, rewards, health – and especially convenience.
At the top of the trends hierarchy are five macro forces that impact consumer needs and behavior: focus on health, increased cost of living, potential political and global threats, technology transformations, and health of the planet.
"Though plastic remains the dominant material, it will face stronger headwinds going forward as the green movement stays strong and past efforts to improve the material's image like light-weighting have run their course," Joseph El-Hage, lead analyst, The Freedonia Group.
The cohort includes Curation Beverage Co, Heather's Choice, I Love Micheladas, Kelsi's Kitchen, Ohh Foods, Sanara and Wellnergy Pets
February 23, 2024
Throughout the 12-week program, emerging brands get support and connections to help them successfully scale. SKU's tailor-made curriculum covers a breadth of key topics, including operations, channel strategy, innovation, supply chain and fundraising.
The pea protein market size is poised for substantial growth, with an estimated value of $1.7 billion in 2022 and a projected CAGR of 11.9% to reach $2.9 billion by 2027. North America stands at the forefront, holding the largest share in both volume and value during the forecast period.
Lesley Salmon, SVP, chief digital and information officer, Kellanova, shares insights into the company's technology strategy
February 15, 2024
In an era where innovation is the key to staying competitive, Kellanova's IT team is integrating our existing systems and embracing cutting-edge technologies to enhance our processes, improve customer experiences, and streamline operations. Here are five tech priorities we're doubling down on in 2024.
Last year, New Hope Media and SPINS representatives estimated packaged natural and organic product sales in 2022 hit $111.5 billion in sales, a 7.2% year-over-year increase according to SPINS data. Meanwhile, total related sales—including supplements and functional foods and beverages—were projected to surpass more than $300 billion in 2023.
The event, scheduled for May 23, 2024, will be held at 167 Green Street, bringing together visionary entrepreneurs, savvy investors, and industry leaders at the forefront of technology-driven transformations shaping the food industry's future.