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.
One the world’s largest meatpackers, BRF, has cut its investment spend as its home country, Brazil, slowly recovers from a two-year economic recession.
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.
Canada’s Finance Minister Bill Morneau has earmarked funds for innovation and food safety investment in his federal Budget, launched on Wednesday 22 March – a move welcomed by the meat sector.
World Trade Organisation (WTO) economists have lowered their forecast for world trade growth in 2015 to 2.8%, from the 3.3% forecast made in April, and reduced their estimate for 2016 to 3.9% from 4%.
PepsiCo plans to invest about $38m on a new high-tech warehouse distribution system for its Frito-Lay factory and distribution center in Killingly, Connecticut.
Burger giant McDonald’s has seen net profits fall 4% year-on-year in the second quarter of 2012, reflecting a strong dollar and challenging global trading conditions.
Cargill has reported an 88% drop in profits in the second quarter, as volatile financial markets hit its commodity-based trading and asset management businesses.
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...
International Flavors and Fragrances (IFF) has reported a 6% increase in quarterly revenue, although higher pricing did not keep up with double-digit growth in raw material costs, the company said.
Indian joint venture Godrej Hershey is reported to be introducing chocolate products into amdist strong competition from dominant players such as Cadbury and Nestlé.
A recent flurry of merger and acquisition activity in the dairy industry could be a sign of things to come as companies look to adjust to a more volatile marketplace.
Nearly three-quarters of American shoppers are more concerned about the cost of groceries than they were six months ago, according to a new study from Health Focus International.
Tighter purses are not turning consumers away from ethical shopping with interest in all things sustainable or humane thriving despite the recession, according to market researcher, Packaged Facts.
Baobab has been touted as "the new superfruit", but the slow uptake of the fruit in Europe has raised questions over how quickly it will appear in new products in the US.
Food and drink manufacturers face being exposed to higher and increasingly volatile prices within the next decade due to scarcity of natural resources, a new report has warned.
Growth in global demand for enzymes used in food and beverage applications will slow over the next five years as key markets reach maturity, a new report has claimed.
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.
Last month, major industry players got together in Anaheim, California for this year's IFT trade show - and the FoodNavigator team was there to cover all the latest developments.
As the stevia industry is poised for wide take-up, harmonisation and recognition of the need for standards is crucial to securing a good reputation from the outset, according to ChromaDex CEO.
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.
Cargill’s net earnings for the second quarter of 2009 have increased 25 percent but, despite a solid overall performance, the results for its food segment declined.
Retail food prices are expected to remain ‘sticky’ in 2009, according to a new study, adding weight to claims that food manufacturers may struggle to pass on cost pressures to consumers.
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
savoury flavour.
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
briefing paper.
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.
