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The latest data from research firm IRI (Information Resources Inc.) and BCG (Boston Consulting Group) for the week ending April 5, shows frozen and refrigerated food sales increasing slightly compared to the week ending March 29. Frozen food purchases rose to +34.7%, compared to the previous week's 31.3%. Dairy showed a higher jump at +29.9% compared to the previous week's +20.9%. The numbers remain significantly elevated compared to last year's sales, due to a spike in purchasing related to COVID-19 stockpiling in early March.
The latest data from research firm IRI (Information Resources Inc.) and BCG (Boston Consulting Group) shows frozen and refrigerated food sales leveling off after a sharp sales spike in March due to COVID-19 stockpiling by consumers.
IRI’s latest Times & Trends report, “Taking Stock of CPG Past and Future: Gear Up Now for a Year of Growth,” analyzes the lessons learned in 2015 and provides insight into several key trends that will drive growth in 2016.
Survey results from the eighth annual Most Memorable New Product Launch Survey show consumers had more memorable experiences with fast food launches than with technology, toys or personal care products.
Millennials are one of the largest demographics in the country and will soon be entering a strong growth period in both income and consumer packaged goods (CPG) spending.
Consumers' new home-centric behaviors are creating new opportunities for consumer packaged goods (CPG) manufacturers, according to Krista Faron, senior analyst for Mintel International Group LLC, Chicago.
The Food Marketing Institute’s “Future Connect” conference, May 4-6, in Dallas will have several topics of interest to refrigerated and frozen food product developers.
Data from Information Resources Inc. (see chart) suggest that sales of nearly all refrigerated and frozen meat and poultry items have either been flat or declining.