While 85% of consumers say rising inflation has had an impact on the way they shop overall, there are areas in which they are not willing to compromise. Today’s brands are being pushed to be different, accessible, and to seem premium and/or customized—all while driving cost savings for their own operations.
Mintel explores the macro-environmental factors impacting the packaging industry
March 15, 2023
David Luttenberger, CPPL, global packaging director at Mintel, examined the political, economic, social, technological, environmental, and legal factors impacting global packaging evaluations, planning, and decision-making:
Investor appetite for alternative proteins remains strong despite challenging macroeconomic and market conditions
March 15, 2023
Over the past decade, the alternative protein industry has seen rapid growth in investor interest, with a total of $14.2 billion invested globally. Despite a high variance, investment in alternative proteins has doubled on average year over year. Amid challenging market conditions, alternative protein investment decelerated over the past year (alongside the 35% decline in overall global venture funding), decreasing from $5.1 billion in 2021 to $2.9 billion in 2022.
A newly appointed team of executive changemakers are reinvigorating the Dole® brand by delivering innovations and entering new categories
March 10, 2023
Driven by consumer desire for wholesome food options that deliver on taste, Dole is launching new innovations across every category – snacking, beverages, ingredients and frozen treats – and entering new categories like functional supplements and probiotic sodas under a new brand.
Experts examine the big picture for 2023 and examine how natural and organic product trends will evolve
March 8, 2023
The majority of the trends focus on sustainability, which is proving to be the primary motivator for many new and emerging entrepreneurs, a key factor in corporate commitments and an important “why” behind radical transparency and impact assessments.
Newly formed organization aims to become a leading advisor on the complexity of consumer behavior
March 8, 2023
Circana™ is as leading advisor on the complexity of consumer behavior. Through unparalleled technology, advanced analytics, cross-industry data and deep expertise, Circana provides clarity that helps clients take action and unlock business growth.
Innova Market Insights’ 2022 Snacking Survey found that more than 54% of Americans say they snack two or more times a day. Nearly one-fifth of Americans say they snack four or more times a day.
You have a great tasting food you want to commercialize. What claims can you make? One of the first things on your to-do list should be to define a few basics: Who will buy your food? What’s important to them when it comes to your food category?
It’s always good to start a dairy report with a tall glass of milk. While it’s safe to say reports of dairy milk’s demise in the face of the plant-based boom are premature, unit sales slipped again in 2022 by 3.3%. Luckily for the industry, dollar sales increased by more than twice that percentage (7%) due to price-per-unit increases of 11 cents.
Last December saw Chicago retail data tracker IRI release its “November 2022 Retail Food and Beverage Price Check” report. Published on December 8, it noted that food inflation finally moderated after August and hit its slowest rate last October, at +0.3%.