Joan Driggs, Circana’s vice president for content and thought leadership, sits down with Prepared Foods to break down trends fueling success for Circana’s top New Product Pacesetters at both the retail and convenience store channels.
The research identified more than 55 ways consumers pursue their well-being across various sectors
August 29, 2024
The report, “Tapping Into the Global Consumer Well-Being Opportunity,” reveals the complexity of personal well-being, with consumers turning to solutions as varied as physical activity, social media, food, pet ownership, beauty, and books, among many other products and services, to harmonize their physical, mental, and social well-being.
Growth in delivery’s user base and order frequency due to continued promotional efforts helped boost year-over-year eGrocery sales to $7.9 Billion
August 27, 2024
Walmart promoted a 50% discount on its Walmart+ membership in mid-July that lowered the annual fee from $98 to $49 after offering the same deal in May. Meanwhile, Instacart promoted an 80% discount on its annual membership. Both offers are contributing to growth in Delivery users and order frequency.
One of my biggest observations of The National Restaurant Show involves the reformulation or “remake” of many products made with familiar ingredients and flavors. Both shows reminded me of elements from my childhood, and particularly how my grandmother cooked. She worked as a cook 41 years for a first-generation family from Italy.
“We were so honored to be invited to the Fancy Food Show this year. It is a great way for our students to see how broad the food industry is and understand the impact of the work we do at the lab,” said Drexel Food Lab Associate Director Chef Rachel Sherman. “I find it encouraging to see what products and trends jump out to them."
The ambiguity continues as half of Americans also do not know how much sodium they consume each day. When asked about their personal daily sodium consumption, 48% of Americans say they simply “don’t know,” while estimates vary widely for the other 52%.
Physically active consumers want convenient, protein-packed options to fit into their on-the-go routine. “Plant-powered” ready-to-drink (RTD) and ready-to-mix (RTM) protein beverages are emerging as a perfect solution to fill this niche nutrition category and grow into the mainstream market.
Mattson has been providing innovation services for over four decades. All engagements leverage the real intelligence of this highly experienced team. The team’s real intelligence, RI, is now amplified with AI. It’s the power of RI+AITM.
For the second year, respondents ranked “Easy (Under 30 Minutes) Meals” as their top curiosity for the year ahead, once again underscoring that even the most food-forward consumers are craving approachable, simple meal inspiration.
The 75th annual report surveyed food retailers’ and suppliers’ 2023 developments and expectations for the year ahead, finding that while the industry made key strides in addressing longstanding labor and transportation capacity issues, inflation and other financial hurdles caused industry profit margins to fall to pre-COVID-19 pandemic levels.