Moving on from the comfort and nostalgic flavors that grounded consumers during the pandemic, consumer interest in more diverse and unexpected flavors within dessert categories is on the rise, according to consumer research from T. Hasegawa.
JM Smucker Co. remains bullish on its coffee portfolio, including iconic brands such as Folgers, Café Bustelo and Dunkin, despite volume declines and greater elasticities in the category in the company’s second quarter, which executives attributed primarily...
Consumers feeling pinched by rising inflation are shifting where they shop for food, what they buy and how many items they place in their carts – prompting retailers to rethink and often reduce their product mix, reveals IRI sales data crunched by 210...
Caught between providing value for its increasingly price sensitive shopper and generating healthy profit margins, Target is identifying new ways to optimize and simplify its business to drive positive long-term growth.
Tate & Lyle has expanded its sweeteners toolbox with ERYTESSE erythritol, which provides 70% of the sweetness of sucrose, a similar temporal profile, and zero calories.
Premium milk products are breathing new life into the broader fluid milk segment, with large numbers of consumers now buying 'tummy-friendly' a2 milk not because they have trouble digesting regular milk, but because 'they just view it as...
As temperatures drop across the country and consumers allocate a larger portion of their budget to heating and fuel, experts predict spending will cool across other categories, including food, which has been relatively resilient despite double-digit inflation.
As Americans prepare to celebrate Thanksgiving in a week, many are worried they won’t be able to afford a traditional meal – prompting some to look for alternatives, including plant-based options, and triggering massive promotions by retailers eager for...
Instead of coffee beans, Minus Coffee is taking ingredients such as chicory root, dates, and lentils, which undergo a fermentation process that its founder claims precisely replicates the taste and aroma of cold brew coffee, but in a much more sustainable...
Chicago-based kids lemonade brand Poppilu has been acquired by American Beverage Corporation, a wholly-owned subsidiary of Harvest Hill Beverage Company (makers of Juicy Juice and SUNNYD), to build upon the brand's success of establishing the kids...
Zevia continues to gain new shoppers, increasing the brand's household penetration (+1.3 million households in Q3 2022 vs. Q3 2021) while the company sorts through temporary inventory management issues that have dented its full 2022 year outlook.
Between Americans’ hectic on-the-go lifestyles pre-COVID, the pandemic prompting everyone to hit pause followed by hybrid work schedules, inflation rates at 40-year highs, and increased expectations that food not only nourish the body but also the soul,...
Square Roots is expanding its indoor farming footprint of teched-out converted shipping containers by co-locating one of its new farms at grocery wholesaler UNFI's distribution center near the Twin Cities where frigid winters reduce access to fresh,...
While still rising, grocery prices appear to be cooling while those at restaurants are stabilizing – reinforcing industry leaders’ optimism that input costs are cresting and the macro environment is beginning to stabilize.
Having outgrown its three facilities in Colorado, Bobo's is moving into its two-years-in-the-making 'super bakery' which will give it enough capacity to triple its output of bars and put it on track to eclipse $100m in revenue next year.
Shoppers at Sprouts Farmers Market may be putting fewer items in their cart per visit to manage their budgets as inflation drives up prices but what they are buying tends to be higher margin grab-and-go items illustrating the need for convenience as on-the-go...
Hain Celestial is cautiously optimistic that the “macro environment is beginning to stabilize” and expects “modest sequential improvement in total company profit performance” in fiscal 2023 after better-than-expected sales in North America that softened...
As Bang Energy battles its way through costly bankruptcy proceedings, Monster Energy saw its share and sales increase as consumers embrace its portfolio of energy drink brands.
While consumer spending on groceries has yet to dramatically slow in the face of rising prices to offset inflation, some CPG companies – including Hershey – are bracing for an eventual pushback, even as they continue to pass additional costs through to...
Despite efforts to brand fruit ‘as nature’s candy,’ celebrity endorsements by the likes of Jessica Alba designed to make vegetables ‘sexy,’ and many retailers selling fresh produce at a loss to improve access and drive foot traffic – the vast majority...
A Washington state court has granted a temporary restraining order to block dividend payments to Albertsons investors related to the $24.6bn merger with Kroger announced in October 2022.
Kellogg’s plant-based business “remains in good condition with excellent prospects” despite plummeting sales and ongoing supply chain struggles that represent the only “softness” in the company’s otherwise strong third-quarter earnings report released...
While consumers are tightening their purse strings and cutting down on many discretionary purchases, snacking is one area many are not, according to Mondelēz International, which continues to see consumers opt for name brands over private label and value-priced...
At a time when American voters seem more divided than ever on key political issues, they are coming together around the need for a simpler, more effective recycling system to reduce their environmental footprint – a sentiment that supports regulatory...
Chilled drinkable soup had a moment five to six years ago with a flurry of brands entering the niche segment attracting excited investors who backed brands positioning themselves as a fresh meal on the go that consumers could drink like a juice. But what’s...
While sales of plant-based products across the board continue to slide, consumer data from Evergi shows at least one segment is bucking the trend – frozen meals and bowls – an area into which the fast-growing vegan brand Strong Roots is eagerly expanding...
San Diego-based cell-cultured seafood company BlueNalu has set up a scientific advisory board bringing together experts in consumer research, sensory science, product development, bio-engineering, and systems biology to accelerate its commercialization...
While the industry waits to see if the $24.6bn mega merger of Kroger and Albertsons will hold up against scrutiny from regulators, brands and suppliers are also standing by to see what the consolidation of the second-largest and fourth-largest US supermarket...
Suja Life's recent acquisition of cold-pressed juices shots brand Vive Organic brings together the No. 1 and No. 2 brands in the category to accelerate and scale the still-niche wellness shots segment.
Mondelēz International is investing an additional $600m by 2030 in its cocoa sustainability program, Cocoa Life, for a total investment of $1bn since the start of the program 10 years ago.
Still battling a challenging global economic environment, Coca-Cola said it is laser-focused on delivering increased value to its consumers by introducing products at more affordable price points, said chairman and CEO James Quincey on the company's...
Indoor farming company Local Bounti has secured a $23.3m private investment in public equity (PIPE) investment to scale up its proprietary Stack & Flow Technology, which the company argues leads to improved superior unit economics.
Between the supply chain challenges and product shortages that marked the beginning of the pandemic and rising food prices due to inflation continuing to push some products out of consumers’ financial reach, many Americans are being forced to try new...
Researchers are calling on clinicians and the healthcare system to screen for food insecurity and better promote food access programs after discovering that Americans with limited or uncertain access to adequate food is on the rise and they are more likely...
Nestlé is continuing to fine tune its portfolio through ongoing SKU rationalization paired with an increased focus on high-growth segments of coffee and its Nestlé Health Sciences division with plans to introduce additional pricing actions to keep up...
To keep pantries stocked and food on the table – especially during the upcoming holidays – more Americans are cutting back on spending in other areas and modifying how they buy groceries as well as the types and amount of products they place in their...
Starbucks plans to sell the Seattle’s Best Coffee brand to Nestlé to allow both companies to focus on their core strengths within their respective coffee portfolios.
Seen as the economical and convenient option for preparing meals at home during the height of the pandemic, the affordability of frozen food has slipped with the average per unit price up 17% vs. one year ago. But consumers still believe it provides good...
Kraft Heinz is making progress towards several of its environmental and sustainability goals including cutting the amount of waste sent to landfill by 15% in 2021 and converting 84% of its global packaging portfolio to fully recyclable materials.
Plant-based seafood brand unMeat is rolling out its fish-free canned tuna products to 250 Harris Teeter stores capitalizing on the consumers' search for more affordable protein options.
The baby food landscape has changed drastically in recent years with an emphasis on fresh products and a flurry of DTC brands coming to market. So which trends present the biggest growth opportunities for brands and manufacturers?
Supermarket giant Kroger is merging with Albertsons Companies Inc. (Safeway, Vons, Jewel-Osco), bolstering its position as the second largest food retailer in the US with an estimated 11.8% market share behind Walmart at 17.1%.
After filing for protection under the Chapter 11 Bankruptcy Code earlier this week, Vital Pharmaceuticals, Inc (VPX Sports), the parent company of Bang Energy, has a challenging road ahead. But its most recent financial misfortune isn't the final...
PepsiCo continues to raise the prices of its snacks and beverages with confidence despite some handwringing by analysts about whether elasticities, which remain at historic lows, soon will begin to give as inflation continues to squeeze consumers across...
While consumers today are exploring more money-saving strategies such as choosing lower-cost items and cooking from scratch, their personal values around health and well-being and the planet have not wavered, according to research from Innova Market Insights.
Indoor farming company Revol Greens is doubling its romaine lettuce production footprint by 2023, supported by its recent expansion at its Texas growing facility, making it the largest greenhouse lettuce grower in North America.
Singaporean snack brand IRVINS is broadening its reach into the US snacking category with its salted egg chips and salted egg salmon skins, which have become some of the most popular snacks across Southeast Asia.
Natural Products Expo East may not be as big as its West Coast counterpart, but the 18,500 registered attendees and more than 1,200 exhibitors who convened in Philadelphia earlier this month for the annual conference were just as enthusiastic and the...
Multiple rounds of pricing actions taken by Conagra over the past several quarters have not deterred consumers from buying the company's products, as it reports "limited" elasticities across its portfolio.
