Articles Tagged with ''market trends''

Study reveals brick-and-mortar grocery is still king

Despite a 4-point year-over-year increase, the number of regular online food and beverage purchasers is still only 17%.
October 18, 2018
Food and beverage categories have seen an increase over the last two years, as many major retailers experienced same-store sales rise thanks to an increase in median income and a low unemployment rate, according to the 6th Annual Food and Beverage Consumables Study.
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Study: Changing lifestyles spur growth in frozen foods

North America is the leading region in regards to consumption of frozen processed food.
October 18, 2018
The global market for frozen processed food was $57.50 billion in 2014, and will be worth $69.11 billion by 2021, exhibiting a CAGR of 2.7%, according to a report published by Transparency Market Research, Albany, N.Y.
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Study: Consumer spending on value-added products drives gains

Rising demand from foodservice establishments will also support growth.
October 17, 2018
U.S. demand for processed food is forecast to grow 1.8% annually in nominal terms through 2022, according to “Processed Food: United States,” a report released by Freedonia Focus Reports, Cleveland, Ohio.
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Report: Low-income consumers don’t eat as well as average Americans

The report finds that despite this wealth gap, quality attributes like organic and less processed cues are still growing in importance.
October 17, 2018
Economic recession, recovery and realignment are major drivers of change in the U.S. food and beverage industry and consumer values and purchasing behaviors, according to findings in “The Business of Thrift: Understanding Low-Income and Value-Oriented Consumers” report, produced by The Hartman Group, Bellevue, Wash.
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Survey explores consumers' comprehension of milk, non-dairy alternatives

According to the survey, about three-quarters of Americans understand that plant-based “milk” products do not actually contain cow’s milk.
October 11, 2018
A new survey by the International Food Information Council (IFIC) Foundation, Washington, D.C., shows a low level of consumer confusion over nomenclature and basic differences between the two.
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Food scientists study how virtual reality can alter consumers’ tastebuds

Panelists rated the pungency of the blue cheese significantly higher in the cow barn setting than in the sensory booth or the virtual park bench.
October 4, 2018
Food scientists from Cornell University, Ithaca, N.Y., used virtual reality (VR) to show how people’s perception of real food can be altered by their surroundings, according to “Dynamic Context Sensory Testing–A Proof of Concept Study Bringing Virtual Reality to the Sensory Booth.”
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Study: Plant-based beverages market to experience rapid growth

The dairy alternatives market is growing at the highest CAGR, making it the most attractive category for plant-based beverage manufacturers.
October 3, 2018
The global plant-based beverages market is estimated to reach $474,666.1 million by 2028, with a CAGR of 6.7% during 2018-2028, revised from the previous CAGR of 5.2%, according to research released by Future Market Insights, Valley Cottage, N.Y.
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