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Home » market trends

Articles Tagged with ''market trends''

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Report details consumer spending trends by demographics

Generation Z, or those under 25, spent a relatively equal amount on food at-home vs. away-from-home.
June 10, 2019
Between 2016-2017, total expenditures on food increased nearly $526 for the 130,001 consumers tracked by the Bureau of Labor Statistics, according to analysis from the Food Institute, Upper Saddle River, N.J.
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Study: Students' foodservice demands grow both on and off campus

The study says 33% of students are satisfied with their school's foodservice facilities.
June 10, 2019
Delivery, technology and health trends are changing the foodservice landscape and younger generations are leading this charge, according to “2019 College & University Consumer Trend Report,” a report published by Technomic, Chicago.
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Research project reveals even identical twins have different responses to food

The findings demonstrate that old-fashioned, one-size-fits-all dietary guidelines are too simplistic.
June 10, 2019
A research project led by an international team of leading scientists, including researchers from King's College London, Massachusetts General Hospital, Boston, Mass., and ZOE Global Ltd., UK, shows that individual responses to the same foods are unique, even between identical twins.
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Study: Foodservice equipment market to record healthy CAGR of 4.7% by 2027

Increasing market demand for processing, handling and storage of food products will continue to fuel the market for innovative foodservice equipment.
June 5, 2019
The rising number of restaurants, hotels and fast food joints will remain a primary driver to the global foodservice equipment market, according to a study released by Future Market Insights, Valley Cottage, N.Y.
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Study: 82% of consumers review products online before purchasing in store

While 59% of retailers are focused on creating a consistent brand experience across channels, only 18% are focused on increasing the convergence of physical and digital shopping environments.
June 5, 2019
The advent of e-commerce has elevated consumers’ expectations of the shopping experience, and retailers must now provide service anytime, anywhere and any way customers desire. This makes the customer journey more complicated than ever before.
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Study finds younger Millennials outspend older cohorts on food, beverage purchases

Younger Millennial spending on food and beverages is clearly outpacing older baby boomers and retirees who struggled in Q1.
June 4, 2019
This mixed bag is impacting consumer spending on food and beverages, according to the latest IRI Consumer Connect survey released by IRI, Chicago.
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Study reveals specialty food sales near $150B

Specialty food sales outpaced the growth of all food at retail – up 10.3% vs. 3.1%.
June 4, 2019
The Specialty Food Association’s (SFA) annual State of the Specialty Food Industry Report reveals that specialty food remains one of the fastest-growing segments of the food business.
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Research shows shoppers expect more personalization in digital food retail

Shopping exclusively online is still relatively rare, so optimizing in-store experiences can help retain customers who might otherwise prefer digital options.
June 4, 2019
The report, “Personalization in Digital Food Retail – Shoppers Expect More,” conducted by IDC Retail Insights, Framingham, Mass., and commissioned by Precima, Chicago, casts light on the current state of digital food retailing and what food retailers need to do now to drive success.
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Study examines generational appeal of cannabis-infused food, beverages

The research revealed a gap in interest in purchasing cannabis-infused food and beverage products between consumers ages 21-34 and consumers ages 55 and older, with consumers ages 35-54 bridging the middle.
June 4, 2019
A new study from Culinary Visions, Chicago, examines consumers' knowledge, attitudes and preferences toward a variety of food and beverage products made with cannabis ingredients.
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Study: Plant-based meat market worth $27.9B by 2025

Burger patties are one of the most popular plant-based meat products available in the market.
May 23, 2019
The plant-based meat market is estimated at $12.1 billion in 2019, and is projected to grow at a CAGR of 15% from 2019-2025, reaching $27.9 billion by 2025, according to a report published by MarketsandMarkets, Chicago.
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