Thanksgiving retail is expected to see a more judicious consumer who expects to pay more this year and will seek more deals while retailers can expand food service departments with semi and fully-prepared meals to complement the majority of consumers...
Consumer concerns around inflation are easing slightly, but discretionary spending may remain tight as many prepare for the return of student loan payments, according to a consumer survey conducted by 84.51° in September.
Every year $8 billion is invested in new products or processes in the food and beverage industry each year, according to a new report released earlier this month that looked at how the food and beverage industry impacts the overall US economy.
The cost of foodborne illness in the United States is about $77.7bn per year, according to Dr. Robert Scharff, an Ohio State University assistant professor and former Food and Drug Administration (FDA) economist – slashing in half his previous, widely...
Employment prospects and revenues in the US food and beverage industry are likely to improve next year, predict most executives in the sector, according to a national survey from tax advisory firm KPMG.
Wealthy consumers who have taken a hit in the recession are more likely to buy natural, organic and ethical foods than those who have been unaffected, claims a new report on psychographic responses to financial setback.
Prices for key commodities used by food manufacturers may have eased since their peaks last year, but the cost of cereals and vegetable oils in the near term will remain far higher than pre-2008, projects the OECD.
Top prizes for innovation, stevia capacity and taste tests, food safety, and doing business in a tough economy... the FoodNavigator team shares thoughts on the opening day of the IFT trade show in Anaheim, California.
McCormick is attributing good results in its industrial ingredients business for 2008 to a strong year with strategic food manufacturers, and a position at the intersection between taste, health and natural ingredients.
The number of US consumers buying natural products is still increasing across the majority of categories, indicating “continued opportunities for product and shelf expansion”, according to a new report.
Dutch flavour firm Exter is considering investing in new production
facilities in the US or Asia in the years to come, and may also
expand its product offering to other ingredients that impact on
Innovation in by emulsifier producers is good example of how
ingredients producers can revive a mature market by catering to
changing conditions and demands, says Frost and Sullivan in a new
Despite a testing global economic climate, sales remained steady
and earnings before interest and taxes rose for German speciality
chemicals company Degussa in the first quarter of 2003. But guarded
optimism remains for 2003.