Mintel research shows that the most common consumer response to dealing with inflation is cutting back on nonessential purchases, followed by dining out less often
October 19, 2022
In addition to the future of the economy, inflation is top of mind across the population. Nine in 10 consumers (94%) say they are currently worried about inflation, and 67% believe the majority of Americans share in these concerns, while a third (34%) believe it’s other Americans – rather than themselves – who are financially struggling right now.
Innova Market Insights research suggests that consumers seek out brands that respond to core values at economic price
October 14, 2022
Over the last year, cost and value for money have become more important to more than half of food and beverage consumers worldwide. Today’s shoppers are increasingly exploring money-saving strategies, such as choosing lower cost items and cooking from scratch.
New artificial intelligence platform offers product developers a new way to test, screen and optimize product formulations
October 5, 2022
BASES Creative Product AI was built using over 100 models and algorithms, creating an artificial intelligence engine that can predict performance and identify new ways to optimize products. The AI is a significant step forward in the next generation of tools enabling clients to develop new food and beverage products.
The proposed rule would align the definition of the “healthy” claim with current nutrition science, the updated Nutrition Facts label and the current Dietary Guidelines for Americans
September 28, 2022
More than 80% of people in the US aren’t eating enough vegetables, fruit and dairy. And most people consume too much added sugars, saturated fat and sodium. The proposed rule is part of the agency’s ongoing commitment to helping consumers improve nutrition and dietary patterns to help reduce the burden of chronic disease and advance health equity.
The global COVID-19 pandemic had a marked impact on consumers’ attitudes toward health. COVID took a heavy toll on people in poor health and consumers looked for quick ways to boost their health as a defense against the disease.
IRI and NPD report that at- and away-from-home food market is forecast to grow 8% in 2022
August 24, 2022
The nearly $1.5 trillion at- and away-from-home food market is forecast to grow around 8% in 2022, with at-home food (8.7% sales growth versus a year ago) outpacing away-from-home (6% versus a year ago), according to IRI’s and NPD’s inaugural joint research.
Under inflationary constraints, consumers turn to frozen and shelf-stable foods, as well as private label brands
August 17, 2022
According to NPD, lower-income households under $75K eat 89% of their meals and snacks at home. These households eat more frozen foods, like frozen pot pies or breakfast sandwiches, and shelf-stable foods, like canned pasta or ramen noodles, than on average.
Dairy-free cheeses, plant based ice cream and milk alternatives make up the innovation landscape in the booming category
August 17, 2022
"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.
Some consumers are abstaining from animal products by going vegan or vegetarian, but many more are simply reducing consumption of animal products with a flexitarian or semi-vegetarian diet
August 10, 2022
Beginning in 2020 and continuing through 2022, the coronavirus pandemic has had a significant effect on consumer habits. Packaged Facts' May 2022 National Online Consumer Survey indicated that 30% of consumers were still eating more fresh produce than they did pre-pandemic.
Prepared Foods’ Spirit of Innovation Awards recognize product development teams for excellence in approaches to collaborative efforts
July 22, 2022
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.