Mintel releases news research analyzing the economic indicators that will play a role in predicting consumer spending in the months and years ahead
May 8, 2020
Mintel, the experts in what consumers want and why, released new research analyzing the current economic environment compared to that of the Great Recession, including insight on the economic indicators that will play a role in predicting consumer spending in the months and years ahead.
As the COVID-19 crisis continues to unfold around the world, food and beverage manufacturers have maintained sound economic footing due to acute consumer demand for a broad range of food and beverage products.
Uncertain times require warp-speed decision making from company leaders
April 21, 2020
The CPG industry has never been under more pressure as it faces a global pandemic, an impending recession, soaring unemployment, ubiquitous social distancing and unparalleled consumer fear across the US.
At the onset of the coronavirus pandemic in the US, grocery shopping behavior changed seemingly overnight. The question for many retailers and manufacturers is how the current crisis will impact future shopping behavior once the country returns to a new normal.
Demand is high for nutritious foods that are easy to prepare, convenient and portable
April 9, 2020
Many of today’s busy consumers are juggling their careers, families and social lives while striving to maintain healthy lifestyles, both physically and mentally. Food and diet plays an essential role in this, with innovation increasingly looking to support consumer choices as many endeavor to balance the benefits and costs of these hectic lifestyles.
Neuroscience teaches that our five senses take in approximately 11,000,000 bits of information every second. But our conscious mind can only process 40 bits a second. Combine that fact with another, equally startling truth: our non-conscious minds make 95% of our daily decisions.
Boomers show greatest shift in shopping behavior; women show significant behavioral shifts, while men stockpile, cut spending
April 1, 2020
As coronavirus spreads nationwide, a recent survey by First Insight found that news of the virus is impacting the shopping behavior of 75% of respondents, up from 45% (a 70% increase) when comparing to a survey fielded in late February. The survey by First Insight, Inc., a leading technology company transforming how retailers make product investment and pricing decisions, also pointed to significant swings in behavior by women and Baby Boomers over the last three weeks.
SRG examines grocery shopping, food and restaurant dining in the context of viral outbreak
March 20, 2020
Just one week ago, only 48% of consumers expressed concern about the spread of the novel coronavirus. Today that number has risen to 72% according to week two of an ongoing weekly tracking study of 200 Americans across the country conducted by the Sterling-Rice Group (SRG).
Research suggests 84% of consumers more likely to buy food products displaying REAL Eggs seal
February 21, 2020
As consumers continue to demand authenticity and transparency in the foods they buy, the American Egg Board (AEB) released new research showing the new Made with REAL Eggs® certification seal reinforces positive brand perceptions and encourages purchase.