The good news for sauce, dressing, and marinade makers is that their category tends to be the top destination for consumers seeking to experiment with flavors.
Negative farm-level margins in mid-2023, along with some adverse weather, pulled US milk production below year-ago levels and dairy farmers have been reducing the size of their herds. US milk production in 2024 is expected to increase 0.8%, with most of the growth coming in the second half.
The founder of Justin's and the former CEO of Rudi's and Lily's joined forces last year to reinvent Rudi's Organic Bakery—and give this nearly 50-year-old company the mentality of a start-up! Jane Miller was CEO at Rudi’s from 2008 to 2014.
At a time that the plant-based meat analog industry is currently passing through some growing pains, cell-based meat is encountering its own challenges.
The pizza category is seeing leaders embrace new toppings and crusts, along with processors—from dramatically different categories—breaking into pizza with new offerings.
Just in time for Thanksgiving and the holidays—came news for which food and beverage processors could be thankful. Circana (formerly IRI) and The NPD Group released a 2024 food and beverage outlook with a projection of modest volume growth this year after three consecutive years of volume declines.
2023 was a solid year for cookies and bread with launches up 6% and 5%, respectively. New cakes, pastry and sweet good introductions also were in the plus column, up 2.7% for the year. Baking ingredients and mixes posted a 1.6% decline in launches while cracker introductions dipped 4.8% in 2023.