The “extreme obstacles” that food retailers have navigated the last few years will likely become “even more complex” in the coming year as unpredictable inflationary pressures, ongoing supply chain and labor challenges along with global unrest continue...
Plant-based meat alternatives continue their downward slide with sales, units and volume all dropping in July from a year ago – a trajectory that IRI data crunched by 210 Analytics shows was set in motion months ago, but which doesn't shake at least...
CPG companies and retailers should brace for softer sales in 2023 by leaning into the strategies they used during peak-pandemic as the US tiptoes around a recession and the shields protecting consumers from feeling the full brunt of the current economic...
After previous plans to boost Kraft Heinz’s profit margins and add value by aggressively cutting costs and practicing zero-based budgeting went awry and caused the company’s stock and consumer trust to plummet, Miguel Patricio was focused on the basics...
Barely registering in the US plant-based milk category five years ago, oatmilk now occupies the #2 spot in the retail market behind almondmilk in a subsegment with offerings from deep-pocked multinational beverage and dairy companies to pure-play plant-based...
The FDA’s stance that CBD is not legal as a dietary ingredient as it was first investigated as a drug has not hindered consumer interest in CBD-infused food and beverage products, claims Matt Oscamou, co-founder of CBD sparkling water brand Weller, which...
Rising food prices may have slowed slightly in August, but the year-over-year increase continued to rise higher into the double digits than it has in more than 40 years, according to new data from the Department of Labor.
The Coca-Cola Co.’s decision early in the pandemic to dramatically restructure, including consolidating 17 business units into nine, laying off thousands of employees and discontinuing a slew of SKUs, may have appeared “slightly quick off the middle,”...
As inflationary pressures continue to strain household budgets, Kroger has launched a new private label line called Smart Way spanning multiple categories from canned vegetables to napkins to help shoppers more easily identify “opening price point items.”
More than four years after Nestlé sold its US confectionery business to Ferrero, the CPG giant is dipping a toe back into the bite-sized sweets segment but through a better-for-you “snacking” lens with the national rollout of Rallies Nut Butter Bombs.
While many CPG companies understandably spent the last three years putting out fires, General Mills simultaneously prioritized introspection – taking on projects that CEO Jeff Harmening acknowledged are “hard to put in a spreadsheet and algorithm,” but...
As children nationwide return to the classroom this week, many caregivers are worried about providing them nutritious food amid rising inflation and the expiration of pandemic-era waivers for universal free school meals – prompting General Mills, Orgain...
Campbell Soup Co. reported a 6% net sales increase to $2bn in Q4 2022 (three months ended July 31, 2022) vs. the prior year, while volumes declined (-4%) for the quarter, revealing consumers may be rethinking some of their name brand purchases in favor...
Gatorade is preparing for a massive 2023 rollout of energy drink brand Fast Twitch, designed for athletic performance with 200mg of caffeine, B vitamins, and electrolytes.
The pressure of inflation and general consumer disillusionment are causing an overall downward trend in self-reported consumer usage of plant-based categories, finds new research from Evergi, Brightfield Group's research platform.
Sacred Serve, a Chicago startup making non-dairy gelato using upcycled coconut meat as its star ingredient, is expanding to Whole Foods stores nationwide where it aims to set a new standard for the category.
A study exploring the connection between ultra-processed foods (UPF) consumption and reported adverse mental health symptoms found that participants who had a diet high in UPF were more likely to report instances of 'mentally unhealthy' and...
Every day Americans drink an estimated 517 million cups of coffee, according to the most recent consumer research from the National Coffee Association, which found that while nearly one in five savor a classic black cup with no adornments, the percentage...
Hain Celestial had a tough fiscal 2022 year but has a positive outlook on its North American business as supply chain disruptions abate and consumers remain loyal to the natural and organic segment.
Despite an ongoing recall of Jif peanut butter, JM Smucker eked out better than expected net sales thanks to the success of its popular coffee brands, including Café Bustelo, Folgers and Dunkin, and its Uncrustables brand – all of which faced their own...
Coca-Cola has named Jennifer Mann as the new president of the company's North America operating unit, replacing Alfredo Rivera, who will be stepping down on Dec. 31.
A new multi-million initiative by the US Department of Agriculture aims to reverse a downward trend in the number of farms transitioning to organic – a process that can put producers on their back foot financially as yields often drop during the three-year...
While sales of refrigerated plant-based meat may be slowing, shares of some plant-based milk brands are slipping and consumer response to a handful of new products are tepid at best, industry leaders argue the party is far from over for the overall plant-based...
Target has cut its inventory levels by 20% in the last two months in a conscious effort to streamline its business and set the company up for improved long-term growth, shared chairman and CEO Brian Cornell.
Farmers markets are more than a popular summer destination for Americans who want to learn where their food comes from – they also play a key role in Federal nutrition programs and the government’s plan to transform the food system to better support small...
Still a niche segment within the plant-based food category, plant-based yogurt is poised to become a much larger piece of the chilled dairy set as consumers find products that can closely mimic the taste and mouthfeel of its conventional dairy counterparts,...
Health and wellness company Laird Superfood has confirmed its receipt of an unsolicited offer from EF Hutton SPV I LLC to acquire the company's outstanding common stock for $3.00 per share in cash.
The acute health threat of COVID-19 may be ebbing for most Americans, but the desire it instilled in many to bolster their physical and mental wellbeing continues to push consumers to seek food as medicine, according to industry insiders.
Food elasticities are finally ticking up as middle- and upper-income consumers whose spending so far has remained resilient in the face of rising inflation begin to feel pinched – prompting them to shift to more affordable retailers, including Walmart.
Chamberlain Coffee, a DTC-focused brand created by YouTube star Emma Chamberlain, has sealed a $7m Series A funding round led by Blazar Capital and a stacked roster of DTC, retail, and beverage industry investors.
As the average retail price of chicken eggs has surged 51% in the past year, JUST Egg has reduced pricing for its 12-ounce plant-based liquid egg product by 41%, reaching cost parity with premium chicken egg competitors, according to recent data from...
Notoriously thin operating margins in the food supply chain will likely keep manufacturers and retailers from incrementally lowering prices even as input costs begin to come down – preferring instead to wait until the economic landscape stabilizes and...
In the face of an unrelenting inflationary environment, zero sugar soda brand Zevia is reporting continued growth and consumer adoption of its products, especially in the club channel.
In another sign that inflation may be peaking, wholesale prices fell month-over-month for the first time in July since April 2020, but commodities remain significantly higher than last year, suggesting it may be well into next year before food manufacturers...
ADM will soon begin processing ultra-high protein (UHP) soybeans from farm tech company Benson Hill with the first commercialized products expected to hit the market in early 2023.
While overall inflation in the US cooled slightly in July, giving hope to some economists that financial pressures may be peaking, food prices continue to climb at their fastest rate in more than 40 years – suggesting the economic recovery still has a...
The popularity of condiments soared during the pandemic as consumers used the products as an easy way to elevate an otherwise bland meal made at home, notes Mintel, which says that condiment brands must engage with younger consumers to ensure future long-term...
Plant-based yogurt brand, Lavva, has been acquired by Brooklyn-based venture firm Next in Natural and has appointed a new CEO, Jeff Lichtenstein, to help the brand keep up with consumer demand and produce additional innovation.
Higher grocery prices across categories are starting to take a toll on consumers as they pull back on premium cuts of meat, overall animal protein volume and seek less expensive, value options, Tyson Food executives reported during the company’s third...
As budgets tighten during periods of economic uncertainty or rising inflation, consumers often turn to private label products to save money, although this hasn’t always translated into long-term increases in market share. This time, however, predicts...
Well represented in key at-home eating categories of sauces (Rao's Homemade), yogurt (Noosa Yoghurt), and frozen entrees (Michael Angelo's and Rao's), Sovos Brands highlighted the performance of the company's largest brand Rao's...
Monster Energy is fighting to grow its shelf space in the increasingly competitive energy drink category while also dealing with unrelenting inflationary cost pressures, said CEO Rodney Sacks on the company's Q2 2022 earnings call.
Tweaks to Sprouts Farmers Market’s marketing strategy to focus on competitive produce pricing and product differentiation along with other strategic decisions are paying off as foot traffic and sales begin to rebound after plummeting following the retailer’s...
Revol Greens, the largest greenhouse lettuce grower in North America, is growing from 30 to nearly 50 acres of indoor farming space with the opening of a new facility in Texas and plans to double operations at its three other existing facilities to eventually...
A week after warning of falling profits due to consumers pulling back on spending to offset rising food and gas prices, Walmart is laying off hundreds of corporate staff in a move some fear signals a cooling job market and increased risk of recession.
Sugar reduction is still top of mind for most US consumers, but their motivations for purchasing low- and no-sugar beverages have shifted from weight management and dieting pursuits to achieving a sense of general wellbeing, claims Howard Telford, head...
