Articles Tagged with ''market trends''

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Study reveals growth of meal kits not slowing down

Last year, in-store meal kit users jumped by 2.2 million households in less than a year, accounting for 60% of growth in meal kit users.
March 5, 2019
According to the latest data from Nielsen, Chicago, 187 new meal kit items were introduced within in-store retail outlets alone during the 52 weeks ended Dec. 29, 2018.
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Study: Chilled, deli foods market worth $267.7B by 2025

The pre-packaged products segment was valued at $40.54 billion in 2017, and is expected to expand at a CAGR of 5.8% over the forecast period.
February 26, 2019
The global chilled and deli foods market is likely to reach $267.70 billion by 2025, exhibiting a CAGR of 5.2% during the forecast period, according to a report by Grand View Research, Inc., San Francisco.
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AFFI: Frozen foods market generates $57B in retail sales

In addition to convenience, core frozen food shoppers stated they also value the taste, quality, variety and consistency of the food itself.
February 20, 2019
The American Frozen Food Institute (AFFI), Arlington, Va., and Food Marketing Institute (FMI), Arlington, Va., released “The Power of Frozen 2019,” an inaugural exploration into the consumption, purchase drivers and use of frozen foods.
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Report: Frozen foods market worth $282.5B by 2023

The convenience food and ready meals segment dominated the frozen foods market in 2018.
February 15, 2019
The frozen foods market is estimated to account for about $219.9 billion in 2018, and is projected to reach nearly $282.5 billion by 2023, growing at a CAGR of 5.1% from 2018, according to a new report published by MarketsandMarkets, New York.
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Study: Oldest Americans most focused on reducing food waste

The majority of all Americans (88%) say they take steps to reduce food waste at home. This includes 94% of consumers age 55 and older and 81% of those under 30 years old.
February 15, 2019
The vast majority of Americans are paying attention to reducing food waste with the oldest being the most cognizant, according to a Food Literacy and Engagement Poll conducted by Michigan State University (MSU), East Lansing, Mich.
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Report: Gen Z adults seek foods that fit their busy, health-conscious lifestyles

The report further reveals that households headed by adults under age 25 are 29% more likely to eat shelf-to-microwave dinners and 26% more likely to eat frozen breakfast entrées/sandwiches.
February 11, 2019
Young Gen Z adults (18-24 year olds) are more likely than their Millennial predecessors to say they often snack between meals (74% vs. 66%), and when they do slow down to prepare a meal, young Gen Z adults are more likely to prefer simple, easy-to-prepare meals (58% vs. 40%), according to “Looking Ahead to Gen Z: Demographic Patterns and Spending Trends,” a report from Packaged Facts, Rockville, Md.
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