The Hispanic community spends more than $94.7 billion on CPG products annually and is overall the most interested in the food sector, making them one of the most sought-after ethnic groups in the retail grocery market, according to consumer research insights group IRI.
During the webinar, “How America Eats: State of the Snack Food Industry,” consumer research group IRI evaluated the latest growth opportunities in snacking and forecasted trends to come in 2018.
Whether you are an entrepreneur looking to better understand how your retailers are faring in the online space or a retailer looking to up your digital game, here are four main takeaways about the state of U.S. digital grocery, according to L2 researchers.
A new survey from consumer insights group IRI found that shoppers are looking online in efforts to be mindful about their spending on everything from personal care to groceries.
The USDA report examines how millennials spend their time and money in regards to food, how their eating habits differ from other generations and how their shopping behaviors are expected to continue to shape the food industry landscape in the future.
The industry is buzzing with predictions about the future of food in 2018. While no one has a crystal ball to know what the new year might bring, we do have data and reports from industry experts making their best educated guesses.
In the battle to attract consumers to clean label products, it’s about more than just ingredient certifications and claims. That’s what Irish global ingredient supplier Kerry Group found out as the result of research into labeling as the company tries to shape strategies that will guide its plans for customers’ innovation pipelines.
According to a report compiled by food and beverage packaging leader Tetra Pak, more than half of all in-store purchases today are influenced by digital channels, many of which are being accessed via smartphones. Because of this, many food and beverage brands are looking to social media and key influencers to reach consumers where they are: online.
In recent studies, research firm Nielsen looked at lunchtime and snacking trends to find what shoppers are purchasing for their family’s lunchboxes and why. Nielsen found that along with healthier options, products with natural and organic claims are posting double digit growth.
While at the Sweets and Snacks Conference in Chicago, Illinois, IRI snack industry expert Sally Lyons Wyatt reported on the “state of snack,” sharing the group’s latest research on 2016 category performances and marketplace predictions for 2017. Here are five noteworthy takeaways from her report.