New IRI report reveals food and beverage dollar sales will moderate in 2023, but will remain higher than the historical baseline, even as volume sales decline
March 22, 2023
This new report leverages IRI’s -- now Circana -- latest point-of-sale data, which reveals that at-home food and beverage inflation was up 13.2% in Q4 2022 versus Q4 2021. While consumption levels are continuing to soften, at-home food spend remains strong, with center store sales up 11.1% and perimeter sales up 6.3% in Q4 2022.
Brands need to be flexible in action and open in spirit to connect with consumers, while also taking full advantage of rapidly emerging technological opportunities
December 26, 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 research suggests six macro trends currently shaping food and beverage consumption behaviors
November 2, 2022
The early stages of the pandemic disrupted this rhythm, and just as eating patterns were returning to pre-pandemic normalcy, food inflation set them on end again, reports The NPD Group in its recently released 2022 edition of Eating Patterns in America.
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.
U.S. inflation for food at home may have peaked after crop prices fell for the first time in three years, the U.S. Department of Agriculture’s (USDA) top economist said.