New report reveals that market for plant-based products depends on omnivores and flexitarians
January 15, 2021
Despite use of plant-based meat or dairy products being highest among those following vegan, vegetarian, or pescatarian diets, it's omnivores and flexitarians who make up the lion's share of consumers who eat these products due to their sheer numbers, reports market research firm Packaged Facts in the report Vegan, Vegetarian, and Flexitarian Consumers.
Mintel names key trends for the global food, drink, and foodservice industries
January 13, 2021
Mintel announced three key trends for the global food, drink, and foodservice industries, including analysis, insights, and recommendations centered around the now, the next, and the future of consumer behavior.
Prepared Foods’ Spirit of Innovation Awards nominations now open through March 31! Free to submit!
January 13, 2021
In a world of accolades, there’s nothing quite like Prepared Foods’ annual Spirit of Innovation (SOI) Awards. Since 2003, these awards have stood out for the unique way that they honor the hard-working people behind new products.
The fifth annual PepsiCo Greenhouse program supports the acceleration of the latest innovations striving to transform the way consumers live
January 11, 2021
This year's Greenhouse Accelerator program looks outside the box in areas like emerging science and technology that can help PepsiCo stay close to evolving consumer tastes and preferences. Each of the participating companies will receive $20,000 in grant funding and begin a six-month business program designed to accelerate their growth through personalized mentorship
The growing usage of plant-based dairy and egg products has created a $4.3 billion market forecast to grow 6.0% annually through 2024
January 6, 2021
After infancy, approximately 65% of people have a reduced ability to digest lactose, a sugar found in many dairy products. Although milk and dairy products are a staple in many populations, increased awareness of lactose intolerance has led many people to reduce dairy consumption, avoid dairy altogether, consume plant-based dairy alternatives, and look for dairy products without lactose.
With the recent jump in home cooking, the role of flavor has been especially magnified as food serves a magnified role in providing excitement, comfort, health, indulgence, self-care, and family bonding.
The growth in sales of natural food colorants is expected to continue growing strong. The food color market reached $2.85B at the end of last year (about double the 2015 figures), and boasts a CAGR of nearly 6%.
Amidst the chaos of 2020, we’ve also experienced extraordinary resilience, ingenuity and creativity to address numerous challenges. SRG is fortunate to work with companies that are investing more in consumer research and “futures” work across the globe.
IRI anticipates that a significant proportion of consumers will get vaccinated by mid-year to the end of 2021
December 18, 2020
IRI’s latest report, “Anticipated Vaccine Adoption and Impact on CPG Industry,” explores the opportunities that retailers and manufacturers have to promote vaccinations, both as a physical destination where consumers can get a vaccination, and as part of overall wellness campaigns.