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As global economic factors, political implications and labor concerns gain steam, consumer behaviors are impacted and their sensibilities are more attuned to the value equation for dining occasions.
From “plants as plants” to unexpected proteins and everything in between, the Specialty Food Association (SFA) Trendspotter Panel, New York, predicts what’s coming up for specialty food in 2020.
The research found that sustainability-marketed products delivered 50.1% of market growth from 2013-2018 while representing 16.6% of the CPG market in dollar sales in 2018.
NYU Stern Center for Sustainable Business (CSB), New York, and IRI, Chicago, launched a new Sustainable Market Share Index, an in-depth analysis of consumer purchases of products marketed for their sustainable attributes.
With the exception of stabilizing the stratospheric ozone layer, since 1992, “humanity has failed to make sufficient progress in generally solving these foreseen environmental challenges, and alarmingly, most of them are getting far worse,” the study says.
Twenty-five years ago, the Union of Concerned Scientists, Cambridge, Mass., and more than 1,700 independent scientists penned the 1992 “World Scientists’ Warning to Humanity,” which called on humankind to curtail environmental destruction and cautioned that “a great change in our stewardship of the Earth and the life on it is required if vast human misery is to be avoided.”
Maple Leaf Foods Inc., Canada, announced a step forward on its sustainability journey, as it becomes what is said to be the first major food company in the world to be carbon neutral.
The third edition of the Global CSR Risk and Performance Index offers key insights on supply chain sustainability performance of more than 30,000 companies assessed by EcoVadis, Paris, in 2016-2018.
Research will address constraints on water usage and environmental quality while supporting the agricultural sectors of the dairy, livestock, cropland and food processing industries and exploring solutions for long-term sustainability.
Design of what is said to be the nation’s largest research dairy begins as University of Idaho (U of I), Moscow, Idaho, secured an additional $11 million for the 540-acre Idaho Center for Agriculture, Food and the Environment (CAFE).
The CPG industry is undergoing significant change, with consumer preferences shifting rapidly and retailers adapting in the face of heightened competition.
Despite price still being a big factor in purchasing decisions, consumers are putting an emphasis on sustainability, and are also increasingly focused on shopping with brands whose mission they care about.
More than two-thirds of respondents consider sustainability when making a purchase, and are willing to pay more for sustainable products, according to 2019 Retail and Sustainability Survey, a survey produced by CGS, New York.
