Consumers are reacting to higher meat prices by shifting how much and what type they buy, but the share of households purchasing meat or poultry from retailers was virtually unchanged in 2022, according to a new report.
General Mills is bracing for double digit inflation in the back half of the year, but rather than automatically raise prices again – although that remains an option – the CPG giant plans to work with suppliers to find mutually beneficial solutions.
It is too soon to give up on the plant-based meat segment, which has seen sales and household penetration slip in the past year, but which is evolving to meet demand for products that are healthier, tastier and more convenient, argued industry stakeholders...
Grocery shoppers continued purchasing fresh produce in 2022 as inflation pushed up prices but bought less of it on a volume basis, shifting to more affordable fresh fruit and vegetable options as well as frozen and canned items.
As news broke last week that Silicon Valley Bank has collapsed due to a bank run, many attendees at Natural Products Expo West also had their own economic concerns – namely, how to find capital for their brands and survive the current moment.
President Biden’s FY 2024 budget request would increase funding for FDA and USDA and make investments in food safety and nutrition programs, but is far from a done deal given a divisive Congress.
Rising inflation is taking a toll on natural and organic sales in the US, the growth of which slowed dramatically in 2022 and will likely continue to drop in the coming year before rebounding slightly in 2024, according to data presented at Natural Products...
Industry stakeholders are lauding an effort by the US Department of Agriculture to close a loophole that currently allows meatpackers and egg producers to label their products as “Made in the USA” even if they were imported, but they also caution the...
Organic rice grower Lundberg Family Farms is on a mission to certify all of its organic rice as regenerative organic by 2027 to better meet growing consumer demand for sustainable food and to “leave the land better.”
CPG companies could lose as much as 1% compound annual growth in revenue for the next several years with economic factors coalescing to create obstacles, professional service company PwC projected during a Consumer Brands Association webinar this week.
Sales of indulgent snacks are growing 20% faster than healthy options as consumers take a “balance sheet approach” when deciding what to eat, despite the current zeitgeist’s focus on better-for-you products that deliver more functional benefits with fewer...
As dollar and unit sales of frozen and refrigerated plant-based meat at retail continue to slide and grocers cut back on their selections of refrigerated meat alternatives, many stakeholders are wondering if the honeymoon period for the category has ended,...
JM Smucker wants to expand its leadership position in the at-home coffee category, where it currently holds 26% of the market share and three of the top eight brands, through potential acquisitions, innovation, broader geographic reach and reinvigorated...
American consumers have gravitated toward private-label brands during rising inflation, and big-name brands may have trouble winning them back after inflation eases, new research from Attest suggests.
Change is inevitable, and for most it is uncomfortable – but it isn’t necessarily bad given it can be a catalyst for tremendous growth, deeper connections and betterment, which is good news for the consumer packaged goods industry considering research...
After The Coca-Cola Co. halved its brands during the pandemic, the beverage giant is ready to strategically rebuild its product portfolio with “consumers at the center,” a new marketing model, a higher bar for innovation and an eye on a much larger prize...
Xiao Chi Jie (XCJ), the modern Chinese food brand that helped put authentic soup dumplings on the US map by cultivating a cult-like direct-to-consumer following during the pandemic is ready to expand into brick and mortar stores this April with a new...
FDA’s proposal that plant-based products can continue to be labeled as ‘milk’ but should also highlight how their nutritional value compares to their dairy counterparts has rankled stakeholders on both sides of the highly contested debate on what products...
General Mills is raising its full year guidance partly on the belief that investments in new digital and technological capabilities, including connected commerce, strategic revenue management and supply chain digitization, will “unlock new growth and...
Kraft Heinz is entering the final stage of its transformation in which it plans to capture $2b in incremental net sales from innovation through 2027 after the company has systematically rebuilt itself following the dramatic fallout of an aggressive cost-cutting...
As consumers feel the pinch of inflation, they’re turning more toward private label food products, reversing a pandemic-era trend for brand names – a move that could have M&A implications, according to a new research report from investment bank William...
Despite inflation pressuring some consumers to trade down or pull back on spending, more than three-quarters of shoppers globally still are willing to pay more for products making natural claims, according to the latest wave of Ingredion’s proprietary...
Since Project Potluck was founded in 2020 to support people of color in the CPG industry, the landscape and conversation around diversity and inclusion has changed dramatically, but according to the grassroots group turned non-profit a lot remains to...
Consumers pulled back on animal-based meat purchases in January after a slight uptick in sales and volume in December, likely related to holiday celebrations at home which for many Americans center around fresh meat, according to data from IRI crunched...
As 2023 comes into focus, CPG brands are addressing yet more changes to supply chains, marketing, and how they approach consumers, retailers, and the markets they serve, as shared in a recent IRI and Boston Consulting Group webinar.
U.S. grocery retailers should be more empathetic toward their consumers at a time when shoppers believe both inflation and grocery retailer profits are significantly higher than they are in actuality, according to a new report from London-based dunnhumby.
The Coca-Cola Co. plans to raise prices again in 2023 against some retailers’ calls to roll back increases, arguing it has “earned the right to price with the consumers” through enhanced marketing and an agile packaging approach that balances premium...
With a 22% sales lift and a slimmed down net loss year-over-year in the fourth quarter, private-labeler TreeHouse Foods is reaping the benefits of recently raised prices, a still generous price gap compared to competitors and a reshaped portfolio that...
Overall US food prices accelerated in January over December after steadily slowing month-over-month between September and December, but the opposite is true for food consumed at home, which cooled in January – continuing a trend that began in December,...
Alongside falling sales, volume and units, plant-based meat has slid into the trough of despair, also known as valley of disillusionment or sorrow, and while it is unclear if the category has hit bottom yet, many stakeholders already are looking for a...
With a new product collaboration with TikTok influencer Tinx, Tabasco is looking to “normalize hot sauce as dressing,” as Lee Susen, chief sales and marketing officer at McIlhenny Company (Tabasco’s parent company), told FoodNavigator-USA.
Kellogg will keep its iconic plant-based MorningStar Farms brand as part of its global snacking company rather than spin it off as a standalone business or sell it – backtracking on an idea floated by the CPG last summer when it revealed plans to split...
Rabobank’s powerful matchmaking and once-exclusive innovation arm Foodbytes is opening access for all global startups, corporates and investors to its forward-looking insights, industry analysis and support for vetted emerging businesses with this week’s...
Hain Celestial, like other packaged food manufacturers, isn’t ready yet to lower prices, despite pressure from Whole Foods and other retailers and moderating inflation.
Jumping into the world of e-commerce can be a major step for any company, but with the launch of an accelerator program from delivery service company Shipt, the process could be a little bit easier for small businesses.
Fourth generation farmer and founder of the upcycled dried fruit snack producer The Ugly Company’s gamble to buy and retrofit an old dehydrating facility against early investors’ advice and despite limited cash and notable debt is now paying off after...
Most Americans think about food in terms of servings, but Johns Hopkins-trained cardiologist Elizabeth Klodas talks about the snack bars, pancake mix, granola-like sprinkles and packets of oatmeal she offers under her brand Step One Foods’ in terms of...
Online grocery sales growth is expected to moderate over the next five years following a pandemic-era surge, but online grocery sales are projected to pick up market share in overall grocery spending, according to the 2023 Brick Meets Click/Mercatus 5-Year...
From limited-time offerings to licensed products, this Valentine’s Day candy season is shaping up to be a big one in terms of sales and product launches, with many leading CPGs providing sweet treats for those romantics – and even some for those who despise...
‘Chocolate and salty snacks rank a two of the top three resilient treats that consumers are not willing to forgo’
Sweets and snacks giant Hershey will double down on advertising and production capacity for its fastest growing brands, including Reese’s and Skinny Pop, in the coming year to help offset price elasticity and meet consumer demand, which executives say...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
The Valentine's Day candy season is poised for growth in 2023 with year-over-year sales expected to grow 5% to around $4bn, despite rising inflation and supply chain issues, according to the National Confectioners Association.
What’s old is new … or so the saying goes. And for canned seafood products, they might be the newest/oldest thing on the block, with sales increasing 9.7% to $2.7 billion in 2022, as Euromonitor International senior research analyst Miri Eliyahu recently...
As frozen pierogi maker Mrs. T’s celebrates 70 years of tucking ‘the stuff you love’ into a soft pasta pockets shaped ‘like a smile,’ the founder’s son and now company president reflects on what it takes to not only survive but thrive for seven decades...
Following a successful direct-to-consumer (DTC) pilot program, Schwan’s Company is officially launching two DTC pizza offerings, which will allow consumers to order gluten-free Fresechetta or artisanal Hearth & Fire pizzas from the comfort of their...
A new start-up incubator and investment platform from the team that helped KIND climb from concept to a $5b business with only $5m in primary investment is throwing out the tried-and-true playbooks for growing a brand in favor of focusing on the values...
By Soup-To-Nuts Podcast: Emerging demand for positive nutrition must balance functional benefits, taste, sustainability and convenience
Born out of the pandemic when product availability was unpredictable or limited and when a premium was placed on immunity-boosting, consumers in 2023 increasingly are seeking positive nutrition – both for themselves but also for the planet and workers...
Monster Beverage Corporation executives predict that sales growth across its energy drink portfolio will pick up and continue to outpace overall category growth in the coming months following a long-delayed and category-leading price increase that went...
The US Department of Agriculture (USDA) will step up oversight and enforcement of the production, handling and sale of organic products at the behest of industry and legislators who worry increasingly complex supply chains paired with the high price premiums...
After leading Filippo Berio to become the No. 1 brand for olive oil, pesto and vinegar in more than 20 countries across Central and Eastern Europe and in Russia, Dusan Kaljevic hopes to work his magic again in the US where this month he assumed the position...
