Sales of natural and organic consumer packaged goods could reach $400 billion by 2030
February 16, 2022
Sales of natural and organic products, including food and beverage, supplements, household, and personal care categories, are on track to surpass $300 billion by 2023 and $400 billion by 2030.
Packaged Facts projects that sales in this market will decelerate over the next five years
February 9, 2022
The US food and beverage industry has been impacted heavily by COVID-19. In 2020 and 2021, retail sales of children's food and beverage products expanded faster than average due to increased spending at food stores and growing desires for healthy products for the whole family.
What some thought was temporary adaptation to an unexpected retail store challenge, has proven to be a transformational period for our industry with eCommerce in the forefront.
Pre-pandemic changes in the workforce and an aging population contributed to a home-centric lifestyle
December 17, 2021
Most analyses during the pandemic have focused on discerning its impact on consumer behavior and forecasting how this might change going forward. However, before the pandemic structural changes in the workforce and the aging population already contributed to a home-centric lifestyle, and COVID accelerated it, reports The NPD Group.
Innova Market Insight's 2021 Global Lifestyle & Attitude Survey reports that 43% of consumers are actively attempting to reduce waste and 32% are taking action to eat in moderation.
“Shared Planet” leads Innova Market Insights’ Top Ten Trends for 2022
October 15, 2021
A sense of joint responsibility for our shared planet is guiding the choices consumers make and the lifestyles they wish to lead. Innova’s Global Lifestyle & Attitude Survey reveals that, when it comes to food choices, the top two environmental actions people are taking are reducing waste (43% of respondents) and eating in moderation (32%).
Euromonitor predicts the future of the retail environment
October 13, 2021
eCommerce drove 75% of the $3 trillion growth in global retail sales over the past decade, according to Euromonitor. This digital transformation is forcing retailers to redefine the use of traditional stores to enable immersive, personalized and optimized shopping environments.