Senior food and beverage industry executives see improved revenue and profitability this year and next, but caution that the jobs outlook in their sector will only gradually improve in 2011.
Convenience is a key driver for U.S. consumers who are increasingly turning to prepared foods purchased at the supermarket deli for in-home suppers, reports The NPD Group.
Mintel, Chicago, says the environment remains a concern for the majority of Americans. More than one-third (35 percent) of survey respondents say they would pay more for "environmentally friendly" products.
The fifth edition of "The Power of Meat," a joint study by the American Meat Institute (AMI) and the Food Marketing Institute (FMI), finds that the recession is continuing to impact food purchasing and consumption behavior, including the meat department.
Restaurant visit losses in each of the four quarters of 2009 contributed to a 3 percent decline for the year compared to a year ago, according to The NPD Group.