As food inflation continues to cool, consumers still cite grocery prices as a main financial concern, with many shoppers turning to a host of cost-saving methods, including trading down, to reduce their grocery bill, market research firm 84.51° shared...
This summer, consumers shifted their eating habits due to extreme weather, as they continue to use brand switching and deal hunting to manage grocery bills, according to an FMI - The Food Industry Association and The Hartman Group survey.
Presumptive Democratic Presidential Nominee Kamala Harris proposes a federal ban on price gouging to lower grocery prices as part of her economic platform for her presidential campaign, however food industry advocates maintain that food prices have remained...
Price has always been a key appeal of private labels compared with national brands. Now, because of factors such as inflation, commodity pricing, and sustainability investment, this gap is narrowing.
As shoppers continue facing high grocery prices on shelves, they look to government policies as the most responsible for these increases, while believing retailers should communicate price increases more clearly, according to recent data from The Feedback...
Brands have been quietly shrinking the size of some products for a while but consumers are getting wise to this moneysaving trick and voting with their wallets.
Sweets and snacks giant Mondelez International dismissed a dip in volume in North America during the fourth quarter as a “one-off” from which it will quickly bounce back despite planned price hikes and ongoing shifts in consumer spending to favor sales...
Prebiotic dietary fibre maker Comet believes that offering an Ozempic alternative, bringing Gen Zers onboard, giving woman a bigger focus and driving home the value of a product are the most robust opportunities for microbiome-enhancing snacks in the...
Traditional grocery stores lost sales across categories to value-focused retailers in 2023 as most consumers sought deals to offset higher prices even as inflation steadily slowed over the year and many acclimated to prices and felt better about their...
The Consumer Price Index released today shows the price of eggs is climbing again as producers scramble to contain a highly contagious outbreak of avian flu that the US Department of Agriculture estimates has infected more than 50 flocks in the last 30...
European supermarket giant Carrefour has stopped selling PepsiCo products in France, Belgium, Italy and Spain: citing 'unacceptable' price increases from the American drinks and snacks giant.
Conagra Brands no longer expects a modest increase in organic net sales in fiscal year 2024 – rather it is bracing for a 1-2% decline over last year along with tighter margins and a lower earnings per share due to a “slower pace of volume recovery” than...
CPG companies looking to grow in the new year should pay extra attention to their price-point offerings and their pack size, as consumers continue to look for value as well as moments to indulge, Sally Lyons Wyatt, Circana's global EVP and chief...
Retail data firm 84.51° is out with its October Consumer Digest, highlighting differences between what younger and older consumers look for in better-for-you foods and beverages and how in-store marketing activities are generating new product purchases.
Consumers are willing to pay a premium for fresh food to reap perceived health benefits, but rumblings from shoppers and retailers alike that suppliers have raised prices higher than necessary to offset inflation could portend a negative shift in elasticity...
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.
The 2023 holiday season is around the corner and this year promises more good cheer – or at last more spending – than last year, but the higher inflation that will buoy sales is a double edged sword that simultaneously threatens volume and must be considered...
Inflation may finally be cooling, but prices at the shelf remain significantly higher for most products than a year ago, and certainly since pre-pandemic – leading to widespread food insecurity in the US and prompting consumers, retailers and brands to...
Consumers are opting for animal-based beef over alternatives as they face pressures from higher grocery bills and spend less on eating out, according to a recent report from Purdue University’s Center for Food Demand Analysis and Sustainability (CFDAS)....
Executives at Kellogg Co. are neither surprised nor overly worried about the long-term effects of sharp volume declines and a slowdown in sales growth in the company’s second quarter, noting the company has “lots of dry powder … to drive real quality...
Specialty retailer Sprouts Farmers Market continues to disprove early-naysayers who doubted the soundness of its pre-pandemic decision to pull back on price promotions to focus on consumers who will pay more for a higher-end “treasure hunt”-type shopping...
Consumers across socio-economic statuses are responding to higher grocery bills by using coupons and online shopping tools to price compare, Sally Lyons Wyatt, executive and practice leader for client insights at Circana, shared during a webinar this...
The Coca-Cola Co. will continue to raise prices in the second half of the year in select markets after volume stabilized and sales rose in the period despite earlier price hikes and growing consumer price consciousness, executives said yesterday during...
Unilever PLC executives suggested during the firm’s July 25 first-half earnings call with analysts that inflation has peaked, but that its effects will continue to be felt, especially in its food-related business categories.
Conagra Brands is well positioned for 2024 as inflation eases, but will need to contend with shifting consumer behavior as shoppers begin to purchase fewer food items, CEO and President Sean Connolly said July 13 during the firm’s fourth quarter and fiscal...
Even though overall prices for food consumed at home held steady in June after inching up slightly in May, the impact was not even across all categories – causing consumers to continue to trade down and make tough decisions in the grocery aisles to balance...
While M&A activity is slower, the total capital invested in 2022 remains similar to previous years, with an increase in venture capital funds in the food and beverage industry, and trends surrounding plant-based food, private label and automation,...
A slight uptick in the price of food at home in May from April after months of steady decline isn’t as worrisome to some industry stakeholders as it could be given year-over-year food prices continued to slow and remained far lower than the double-digit...
Cash strapped British consumers are switching away from products which have been downsized by manufacturers in favour of buying products in bulk which offer better value for money.
As food prices remain stubbornly high year-over-year, consumers are becoming more sophisticated in how they manage their grocery budgets – allowing them to expand their definition of value beyond the historic combination of price, quantity and quality,...
While inflation across food, beverage and other categories continues to take a sizable bite out of consumers’ grocery budgets and influence the way they manage their food stocks, a slight slowdown in inflation in recent months has reinforced demand across...
Developing sharp and effective messaging through loyalty programs can effectively strengthen consumer engagement and loyalty at a time when 65% of consumers are concerned about inflation, according to 84.51°’s recent Inflation Special Report.
The Alliance for Fair Sugar Policy (AFSP) urges Congress to make “reasonable targeted changes to the US sugar program” to help lower food prices, reinforce supply chains and make American businesses and farmers more competitive on the global playing field.
Discount stores need to keep a close eye on pricing strategies to remain competitive and balance affordability with product displays and differentiation, advises one industry insider.
Biscuit and chocolate giant Mondelez International nearly doubled its outlook for fiscal 2023 after delivering its “best quarter ever” with organic revenue growth up 19.4% to $1.5bn over the same period last year and “significantly ahead of [an] already...
Nestle’s near double-digit price hike across its portfolio of coffee and confections over the past three months helped buoy sales and offset a notable jump in costs without significantly dragging down volumes, prompting executives and analysts to characterize...
Food and beverage brands and retailers likely will not see any time soon a rebound in inflation-supressed units and volumes across categories despite the Labor Department reporting a dip in grocery prices in March for the first time in more than two and...
Just as retail consumers are shifting their in-store behaviors in response to inflation, many are also changing what they put in their digital baskets, often opting more for private labels, which is creating pressure on grocers to change how they leverage...
Many consumers are ditching pizza takeout and dine-in experiences and opting for frozen pizzas as they look for products that resonate with their sense of convenience and value, Dana Baggett, client strategy for Vericast, told FoodNavigator-USA.
The fintech platform, along with the Global Entrepreneurship Network, intends to help small to medium-sized businesses access capital with the launch of the Equitable Access Program and its first product, the Business Health Score.
Navigating a post-pandemic life has pushed consumers towards re-establishing their relationship with their overall health, including mental health, according to Hartman Group’s The Great Wellness Reset survey.
Globally, eggs have reached record high price levels, driven by an unprecedented outbreak in avian flu, runaway production costs, inflation, COVID and regulatory changes.
C-suite leadership should focus on sales and marketing in a value-driven market, rather than remain overly-focused on operations, according to Chief Outsiders' recent survey.
Raising prices while simultaneously shrinking products to offset higher inflation could cost brands more in the long term, suggests a new survey from YouGov that found consumers turned off by shrinkflation are turning to private label.
Conagra Brands solid growth and margin recovery in its third quarter reflects its strategic success of “moving past discrete supply chain disruptions and prioritizing productivity and value over volume,” CEO Sean Connelly said during the company's...
Rapidly rising food prices are expected to slow in 2023 after supply chain challenges, geo-political strife, climate change and agricultural policy changes contributed to record inflation in 2022 and prompted government action, according to federal agencies....
Through a combination of price hikes, cost-cutting and a multi-prong strategy to regain shelf space lost during the pandemic, flavor and spice giant McCormick & Co is clawing back its gross margins ahead of expectations after they took a hit last...
