Retail Market Trends

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"As demand for vegan cheese continues to grow, many consumers have been vocal about how difficult it has been to find a plant-based cheese that lives up to their expectations," said David Cherrie, Saputo Dairy USA vice president, marketing and innovation.

Prepared Foods’ Spirit of Innovation Awards recognize product development teams for excellence with innovative new products. Winners are acknowledged for each step of the process: from insights and ideation through formulation and full development of the product. Join the virtual audience on August 9 at 11am EDT.

In 2021, plant-based meat’s dollar share equated to 2.7% of retail packaged meat sales, or 1.4% of the total meat category (including random weight meat), according to data released by the Plant Based Foods Association (PBFA), The Good Food Institute (GFI), and SPINS.

Prepared Foods links retail consumer insights to innovation in a discussion with Barbara Connors, Vice President of Commercial Insights at 84.51˚, Cincinnati.

For several years now, Innova’s Top 10 Trends have been headed by issues related to transparency and building consumer trust. By 2022, these trends had zeroed in on environmental issues and a shift in key consumer concerns about the environment. Even in a pandemic, the health of the planet took over as the top global concern ahead of population health.

Whole Foods Market’s summer condiment trends predictions come at a time when customers are turning to condiments to elevate their meals more than ever before. According to Mintel, sales for the condiment, marinade and dressing category are expected to hit $2.9 billion by 2024, showing growth of more than 5% since 2020.

Founders of the 12 startup brands participating in the Austin and Atlanta cohorts in the SKU (CPG) accelerator celebrated the culmination of the rigorous 12-week program with the premiere of their virtual pitches. The brands span multiple categories, including non-alcoholic cocktails, plant-based burgers, healthy snacks and beauty.

The Sweets & Snacks Expo showcases the latest products and innovations in candy and snacks, and for the past 25 years, those products have made it onto store shelves and paved the way for groundbreaking flavor trends in the industry and beyond.