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%.
Specialty Food Association Trendspotter Panel identifies common threads among thousands of innovation products on trade show floor
February 22, 2023
"Products that make home cooking more convenient and restaurant-quality are in demand, whether meal starter kits, distinctive salts or butters, condiments from around the world, or foods from different global regions available as frozen entrees," said Denise Purcell, SFA's vice president, resource development.
This month’s collection includes toasted black sesame syrup, Mexican breakfast smoothies and ready-to-drink Vietnamese Coffee
February 22, 2023
“LALA Licuados are the perfect way to start your morning,” said Matt Okeson, head of marketing and R&D for LALA U.S. “With the goodness of oats, real milk, and a blend of real fruits, LALA Licuados are a Hispanic breakfast standard in a convenient ready-to-drink format.”
Accounting for 20.67% of US consumers and nearly one-third of the global population, Gen Z’s economic power is the fastest growing across all generations
February 15, 2023
Gen Z is the most racially and ethnically diverse generation, too. According to Pew Research, Gen Z represents the leading edge of the country’s changing racial and ethnic makeup – with 52% non-Hispanic White, 25% Hispanic, 14% Black, 6% Asian and 5% a different race or two or more races. The US Census Bureau projects that by 2026, the majority of this generation will be non-White.
Wasted food is a major drain on business and on the planet. Shelf Engine, a perishable food forecasting specialist, estimates that supermarkets alone discard more than 43 billion pounds of food each year and that excessive food waste costs the grocery industry more than $50 billion in lost profits annually.
With 32 retail partners across New York and New England, MyForest Foods anticipates further acceleration following its sustained market growth, new product offerings and first successful production harvest with Whitecrest Mushrooms Ltd.
February 13, 2023
To support the expanded product availability, MyForest Foods also announced its first successful harvest production with Whitecrest Mushrooms Ltd., based in Ontario, Canada, who scaled operations one year after announcing their initial trial partnership.
Mintel explores the macro-environmental factors impacting the packaging industry
February 10, 2023
Economic uncertainty and the associated rising cost of goods have forced consumers to rethink budgets and discretionary spending. Across categories, brands are tapping messaging, technology, and retail strategies to show consumers how packaging can stretch a budget.
Product development company and ingredient supplier, Imbibe, sheds light on near-future trends
February 7, 2023
Without giving away too much of the content, here are some of the hottest trends you should be paying attention to if you plan on launching a food, beverage, or supplement in the next five years.
California almonds can be a key ingredient to help product innovators adapt to the future
February 7, 2023
Five key 2023 trends from Innova Market Insights present opportunities for almonds, as an accessible, sustainable, and nutritious plant-based ingredient, to play a valuable role in keeping up with consumer and market demands.