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.
At this year’s Sweets and Snacks Expo in Chicago, Illinois, Nathan Rigby, One Click Retail’s Vice President of E-Commerce, led a presentation about Amazon’s purchasing power. Data shows that one of the largest growth opportunities for the online retailer is in the candy and snack space.
This month, The Food Corridor, an online database for food and beverage businesses to connect with commercial assets, and the Network for Incubator and Commissary Kitchens surveyed 38 kitchens, representing over 1,000 businesses. About 66 percent of those participants said their business areas do not have a standardized definition for shared-use kitchens
Early-stage investor group CircleUp found that some of the industry’s biggest CPGs spend up to six times more on marketing and advertising of old products than they do on innovation of new products. This old-school way of business is now costing large companies market share.