Combined worldwide spending on independently created content, items purchased via peer-to-peer commerce, and ridesharing services will grow to a total of $294 billion by 2026
January 11, 2023
A staggering 48% of all households surveyed reported engaging in at least one source of tech-enabled income generation in 2022, led by content creation, peer-to-peer commerce, and rideshare driving. This trend is driven by Gen Z- and Millennial-led households, where 60% of respondents said they derived such income in the last year.
Plant-based consumer demand is shifting. No longer just a substitute meant to mimic animal products, plant-based is becoming a standalone segment, creating a wide new space for brands to let their innovation instincts grow.
This annual report combines leading industry research findings with the latest data from T. Hasegawa’s product development and marketing teams to analyze what consumers are looking for in food and beverage categories and predict upcoming trends through next year.
From burgers to ice cream, brands went above and beyond to create products to attract customers
December 21, 2022
“These brands went above and beyond to reach their guests but also give them new and exciting products during a challenging time for restaurants and consumers alike,” said Ramon Melgarejo, global managing director of NielsenIQ BASES. “In our second year of the Menu Innovation Awards, we’re excited to include Canada in this year’s North America awards and recognize the hard work of so many great brands.”
Industry giant doubles down on scaling global reusable packaging options
December 15, 2022
PepsiCo announced a global packaging goal intended to double the percentage of all beverage servings it sells delivered through reusable models from 10% to 20% by 2030. This ambition is part of PepsiCo Positive (pep+), the company's strategic, end-to-end business transformation that puts sustainability and people at the center of how the company will create growth and value.
Product developers refine flavor and texture of plant-based products with ingredient technology and artificial intelligence
December 14, 2022
Through its new B2B platform, NotCo is making its artificial intelligence technology available for more food and beverage manufacturers seeking to create best-in-class and scalable plant-based products. In addition to delivering a superior eating experience, NotCo’s artificial intelligence offers the added benefits of extreme accuracy and speed, cutting R&D development timelines down to mere months compared to what traditionally has taken years.
Extending the shelf life of food and beverage products—and communicating this to consumers—could be one way to reduce food waste. In fact, according to the Innova Packaging Survey 2022, 40% of consumers surveyed globally from 11 countries agree that shelf life has a strong influence on their purchasing decisions.
Climate change will force companies to rethink business models and transform in the next five years
December 14, 2022
"Exploding energy costs, crop failures, and supply chain disruption are all forcing companies to future-proof existing business models or bear uncertainty and increased cost implications," says Regan Leggett, foresight leader, NielsenIQ.
IRI report explores private brand recovery amid inflation and economic uncertainty
December 7, 2022
“While consumers have historically navigated to store brand products to save money during challenging economic times, we’re seeing that only modest gains have been made in private brand’s share of the consumer wallet this year,” said Mary Ellen Lynch, principal, center store solutions, IRI.