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...
Over the next three years, Unilever plans to expand its lead in ice cream sales by offering more premium products, expanding in emerging markets and leveraging digitization to boost sales online and out of home, a top executive recently revealed.
The idea of food as medicine is as old as food itself, but only recently has the mainstream US health care system begun to take notice, and action, as community-directed efforts to prevent, manage and treat diet-related illnesses through nutrition education...
Many packaged food and beverage manufacturers that have trimmed serving sizes without lowering cost in recent years to mitigate inflation have tried to do so in stealth mode for fear of losing value-seeking shoppers, but new research suggests if they...
Unilever is steadily gaining market share, boosting sales in fast-growing categories, lowering the cost of experimentation and improving its consumer engagement by doing more with less, CEO Alan Jope touted during the company’s investor day last month....
While economists and investors celebrate a slowdown in overall inflation in the US, including for food at home, the price of some grocery staples continues to rise – most notably that for eggs, which increased a staggering 11.1% in December over November,...
Despite concerns that high energy prices, supply chain and labor challenges, and geo-political strife will continue at least through the end of the year if not longer, many CPG executives remain optimistic about their companies’ performance, according...
United Natural Foods Inc. plans to remain on the sidelines rather than enter a bidding war against existing clients if and when anti-trust concerns force Kroger and Albertsons to divest retail locations as part of their proposed $24.6bn merger expected...
While consumer spending remained strong through the holidays despite rising prices, the new year may bring a new level of financial scrutiny as more Americans consider budget limitations and what is essential – altering when, how and where they shop and...
While economists predict inflation will ease slightly in the coming quarters, this year could easily become a “groundhog day version of 2022” if the weather takes a turn for the worse and triggers a domino effect that strains transportation, commodity...
Soup season is in full swing as temperatures across the country drop and cold and flu cases rise. But staying warm and reinforcing their reserves when sick aren’t the only reasons sales of soup are up significantly this year over last, according to new...
At-home food inflation slowed in November – up 0.3% from October, but consumers will continue to trim budgets even as prices stabilize, according to Information Resources, Inc. (IRI).
Already a dominant player in coffee with 22% of the nearly $108bn global retail market, Nestlé wants to capture additional share and drive growth in- and out-of-home in the coming years as consumption across both continues to rebalance post-pandemic with...
Danone North America, the maker of International Delight creamers, wants to entice the next generation of coffee drinkers who are just establishing their daily rituals with a line-up of flavors launching this holiday season and throughout the new year...
Higher than expected increases in wholesale prices in November announced Friday – driven primarily by surging food prices – suggest CPG players may face tough choices in the months ahead as they try to offset extra costs either through additional price...
Frustrated by “stubborn” double-digit inflation driving up prices of shelf stable groceries, Walmart is rethinking its approach to stocking the center of the store – potentially asking existing suppliers to creatively cut costs or risk reducing their...
Campbell Soup Co. is pushing through a fourth round of “very targeted” price increases – the largest in more than a year – to offset core inflation, which continues to rise and reached its highest point in more than year, executives revealed during the...
PepsiCo this week joins the ranks of food manufacturers, retailers and delivery companies laying off employees or offering buyouts to reduce their workforce and offset inflationary pressures even as the consumer packaged goods industry overall struggles...
Sales of non-dairy yogurt – like those of most plant-based products – have sharply declined in the past year, but a few bright spots revealed by consumer research and recent innovations by players in the space suggest the category could turn around with...
Uncharacteristically quick bipartisan action by Congress this week to pass a bill forcing an agreement between railroad workers and managers and avert a strike “spared this country a Christmas catastrophe in our grocery stores,” according to President...
Kroger’s big bet on digital, including personalized marketing and creating a “seamless” ecosystem that smoothly integrates digital and instore shopping along with fast home delivery or click and collect options, is paying off as the retailer saw identical,...
Sales of private label products have grown this year, although not as robustly as might have expected given the economic uncertainty. But almost all of the growth has been in the food and beverage aisles, according to a new IRI report.
Undeterred by a slowdown in e-commerce over the past year compared to earlier in the pandemic, Nestlé remains committed to its goal of capturing 25% of sales online and becoming a “data-powered, fully digitized experience-brands company” by 2025, executives...
New shopper data from Kroger’s partner 84.51° shows that plant-based meat and dairy products are displacing animal products, albeit on a very small scale; while consumer survey data from 84.51° and the Plant Based Foods Association shows that personal...
While Nestlé CEO Mark Schneider touted the company’s “consistent financial results” over the past few years despite “living in a very volatile and turbulent environment” thanks partly to an aggressive portfolio reshaping, he also acknowledged not all...
Congressional leaders on both sides of the aisle promise to push forward this week legislation to divert a looming national freight rail strike that threatens significant job and financial losses and which could snarl still fragile supply chains, including...
The stressful one-two punch of pandemic lockdowns followed by runaway inflation has many consumers looking for comfort and escapism from their food and beverages, which industry leaders say is driving demand for new flavor combinations that are nostalgic,...
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.
