A 2023 report by Fortune Business Insights pegs the global frozen food market at USD 297.47 billion. The frozen food category is projected to grow at a compound annual growth rate (CAGR) of 4.80% from 2023 to 2030, reaching USD 412.93 billion by 2030 Here's a rundown of the types of foods [...]
Evolving consumer preferences and societal trends are sparking industry growth in many food categories.. These include plant-based products, organic and non-GMO items as well as a rise in the direct-to-consumer channel. Additionally, alternative proteins and locally-sourced foods are gaining popularity. These trends reflect a growing consumer focus on health and sustainability. Here [...]
A recent report published by the Organic Produce Network, based on data provided by Nielsen for Q1 2023, sheds light on the U.S. organic produce market. Key findings include: Marginal Growth Amidst Volume Decline: In the first quarter of 2023, the organic produce market saw a modest dollar growth of 0.8% compared [...]
As inflation drives prices higher across grocery store aisles, more shoppers turn to lower-cost store brand cereals providing similar flakes, puffs, and clusters often produced just minutes down the road. Unit sales for private label cereals sold primarily at chains like Aldi, Trader Joe's, Costco and Kroger climbed 6% over the past [...]
The food retail industry is undergoing an unprecedented technological revolution. Supermarkets and food retailers across the globe are rapidly embracing innovative technologies, fundamentally transforming their operations, supply chains, and customer engagement strategies. This article explores five key technologies that are at the forefront of this revolution, each accompanied by real-world examples to [...]
Private label store brands account for a growing portion of food sold at retail. Figures vary by country, retailer and category. Dairy and bakery, for instance, have a higher share of private label sales than others. In the United Kingdom, private label brands have an even higher share of the market, accounting [...]