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New FMI Report: Food Industry Committed to Health and Well-Being Initiatives

Most food industry companies are operating with established nutrition, health and well-being strategies to meet increased shopper focus on healthy eating

As Americans’ interest in nutrition and healthy eating has increased in recent years, companies across the food industry have implemented numerous initiatives to support consumers’ health needs and priorities, according to FMI – The Food Industry Association’s new Food Industry Contributions to Health and Well-Being 2024 report. The survey, conducted in October 2023, includes insights from both retailers and product suppliers... 

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Feb 16 8:00 AM, Urner Barry



Podcast: Agri-Food for Thought on Valentine's Day and "Hot" Cocoa Prices in 2024

Jamie and Simon gear up for Valentine's Day with insights on consumer spending and the price tag on the food products they love. Featuring special guest, Andrew Moriarty! Listen Now. 

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Feb 12 8:00 AM, Urner Barry


Cargill “Protein Profile” Finds Shrinking, Time-Strapped U.S. Households Demand Easier Meal Options 

Annual trends report reveals top industry insights, including consumers’ desire for more diverse and globally inspired foods on their menus

North American consumers need protein solutions that are right-sized, simple, globally inspired and affordable. That’s according to the newly published “Protein Profile,” an annual report produced by Cargill’s North American Protein business. The comprehensive findings are compiled by Cargill’s Marketing and Insights team, based on their own proprietary research and market intelligence gleaned from working with North America’s top retailers, food manufacturers and restaurants...

 

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Feb 6 8:06 AM, Urner Barry


Americans to Eat 1.45 Billion Chicken Wings for the Big Game

With the second biggest eating day of the year after Thanksgiving upon us, there’s no hotter time for chicken wings. According to the National Chicken Council’s 2024 Wing Report, Americans will devour 1.45 billion wings while watching Kansas City and San Francisco battle for the championship trophy.

“Football is great. Wings are great. But they’re even better together,” said Council spokesman Tom Super. “Sure, you can have your chips, your guacamole, your pizza. But when it comes to menus next Sunday, wings rule the roost...

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Jan 31 10:56 AM, Urner Barry


Rise of Ketogenic Dietary Preference Spurs High Protein Launches in Asia, says GlobalData

ImageGrowing awareness of the significance of a ketogenic diet for weight loss and weight management is driving consumers to read labels and ingredient lists when shopping for food and drinks. Brands are therefore focusing on innovations to keep up with changing consumer demands for high protein products, says to GlobalData, a leading data and analytics company.

Parthasaradhi Reddy, Consumer Lead Analyst at GlobalData, comments: “Health is an important motivator for Asian shoppers when buying food and drinks, given the high obesity levels and the need for...

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Jan 31 10:09 AM, Urner Barry


Pizza Hut Releases Report on 2024 Pizza Trends

To kick off the New Year, Pizza Hut is revealing its latest research on pizza trends and top predictions of what's to come in the pizza category for 2024. Pizza Hut has led the way with culinary innovation and iconic pizzas since 1958, from the Original Pan® Pizza to Original Stuffed Crust® to its latest category innovation, Pizza Hut Melts®. The leading pizza destination continues to push boundaries, always staying on the pulse of the latest trends and consumer behaviors to introduce new...

 

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Jan 18 12:22 PM, Urner Barry


Americas Food and Grocery Sector Projected Growth and Competitive Landscape Through to 2027

The "Americas Food and Grocery Sector Overview, Market Size, Competitive Landscape and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

Recently published data provides an extensive analysis of the Food and Grocery retail sector across the Americas, with robust growth forecasts and market shares of leading retailers.

A comprehensive databook offering groundbreaking insights into the Food and Grocery sector within the Americas has been added to our vast repository of industry research. This resource is poised to be invaluable for stakeholders looking to navigate the...

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Jan 8 10:13 AM, Urner Barry


Mintec Releases "Christmas Dinner Index 2023" Report

Mintec's Christmas Dinner Index, which measures price fluctuations across key food commodities that make up a traditional Christmas dinner (main meal and dessert), increased by 2.7% year-on-year (y-o-y) in November 2023.

 Mintec enables the world's largest food and manufacturing brands to implement more efficient and sustainable procurement strategies. We do this through our cutting-edge SaaS platform, Mintec Analytics, which delivers market prices and analysis for thousands of commodities, food ingredients and associated materials. Our data and tools empower our customers to understand prices better, analyze their spend...

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Dec 22 7:58 AM, Urner Barry


2023 Restaurant & Delivery Data Report by Otter

2023 was a year of mixed performance for the global restaurant industry. While restaurants generally recovered from pandemic-era losses, record-breaking inflation took a bite out of many eateries’ profit margins. Now more than ever, restaurant tech is critical to help eliminate redundant costs and maximize returns on every order served. That’s what more than 275,000 businesses have been doing with Otter’s Restaurant Operating System.

In this report, you’ll find the most vital (and most timely) data points for the success of today’s restaurants across the United States and Canada...

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Dec 21 7:58 AM, Urner Barry


Consumer Spending in U.S. Restaurants Continued to Rise in November

Household spending is being supported by consumers' positive sentiment about their local economies.

Restaurant sales rose steadily in recent months, as resilient consumers maintained their willingness to spend on experiences.

Eating and drinking places* registered total sales of $94.7 billion on a seasonally adjusted basis in November, according to preliminary data from the U.S. Census Bureau. That was up a solid 1.6% from October’s upward-revised volume of $93.2 and represented the ninth consecutive month of sales growth...

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Dec 15 8:55 AM, Urner Barry


Heavy Restaurant Breakfast Buyers Drive Both Commercial Restaurant Visits and Retail Sales

Continuing its cross-channel analysis to gain the most robust Complete Consumer™ insights, Circana™, a leading advisor on the complexity of consumer behavior, today released new findings on morning tradeoffs happening across consumer packaged goods (CPG) and foodservice purchases. The latest insights highlight consistent growth in commercial restaurant visits for morning meals (+4% in the last 12 months), driven primarily by Tuesday to Thursday visits, when people are most likely to be commuting to the office.

The key driver of this restaurant growth, the heavy...

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Dec 14 10:15 AM, Urner Barry


Fast Food & Quick Service Restaurants Take Off: Market to Reach US$318 Billion by 2034

The fast food and quick service restaurant market is expected to continue its upward trajectory, fueled by convenience, affordability, technological advancements, and evolving consumer preferences. Addressing health concerns and offering innovative, healthy options will be key for market players to thrive in the future.

The valuation for the global fast food & quick service restaurant market was around US$ 1 87,774.1 million in 2023 and is projected to exhibit a CAGR of 4.90% over the forecast period...

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Dec 13 8:03 AM, Urner Barry


CNBC/NRF Retail Monitor Shows Strong Retail Sales Gain for First Half of Holiday Season

The holiday shopping season got off to a good start in November as retail sales showed strong gains, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access November retail data.

“November Retail Monitor data shows that consumers are embracing the holiday season and promotions being offered by retailers,” NRF President and CEO Matthew Shay said. “Value conscious shoppers are out looking for deals as they purchase gifts for family and friends, and...

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Dec 12 9:42 AM, Urner Barry


DoorDash’s Dash From the Past 2023 Trend Report and a Look Back at Ten Years of Deliveries

2023 was all about milestones. While DoorDash celebrated its 10th anniversary and a decade of empowering local communities, we know our customers celebrated special moments, too. Whether it was a birthday, graduation, holiday, game day or just because – this year, customers celebrated the moments that mattered. From serving up the best of your local neighborhood cuisine to coming in clutch with the perfect gift that you definitely didn’t forget about, no matter how big or small these moments were, DoorDash was there to...

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Dec 12 8:42 AM, Urner Barry


U.S. Pork a High-Quality, Convenient Option for Consumers in Korea

USMEF is partnering with Korean retailers to develop and promote U.S. pork in new home meal replacement products.

Korean processors, retailers and restaurants are working aggressively to develop new ideas to satisfy the needs of fast-growing, single-person households in Korea, which now account for 41% of all households.

Consumer demand for quality and convenience is booming and USMEF is partnering with retailers to develop and promote new products with U.S. pork for as home meal replacement (HMR) options.

One such partnership has been an ongoing collaboration with...

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Dec 1 9:28 AM, Urner Barry


Experts at Columbus Craft Meats Welcome the Holiday Season with Insight on Latest Charcuterie Trends

While no one holiday gathering is the same, certain traditional elements are consistent with parties this time of year. Lights and decorations adorn roofs, walls and fixtures, surrounded by beloved friends and family in the warmth of an inviting home. And of course, what holiday party is complete without an appetizing spread of delicious food?

Charcuterie has become an integral part of holiday celebrations for people throughout the country, as charcuterie boards — consisting of meat, cheese, acid, crunch and a "wow" factor — are especially popular...

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Nov 28 9:12 AM, Urner Barry


More People Than Ever Expected to Shop During Thanksgiving Holiday Weekend

An estimated 182 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is 15.7 million more people than last year and is the highest estimate since NRF began tracking this data in 2017.

“The Thanksgiving holiday weekend marks some of the busiest shopping days of the year, as consumers enjoy the tradition of shopping for the perfect gifts for friends and loved...

 

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Nov 17 12:02 PM, Urner Barry


Amazon Leads U.S. Grocery Retailers in Personalization Followed by H-E-B and Kroger, dunnhumby Finds

Dunnhumby, the global leader in customer data science, today released a special edition of the dunnhumby Retailer Preference Index (RPI), designed to determine which retailers in the $1 trillion U.S. grocery market personalize the shopping experience best for their customers. In this inaugural RPI for Leadership in Personalization, dunnhumby found that Amazon stands apart from all other retailers followed by H-E-B in second and Kroger rounding out the top three. These three retailers are at the top of the rankings because...

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Nov 17 9:52 AM, Urner Barry


Holiday Grocery Shopping Habits

Though technology has undeniably evolved the way we communicate, I’ve found that no text, call, or video chat can replace the warmth of hugging my mom. The holiday season for me is a time of strengthening familial bonds, gifting joy, and indulging in the “Superbowl” of meals. Raised by a large village of multigenerational family and friends, these moments spent together come few and far between and are deeply cherished. Whether hosting or traveling home, our U.S. Grocery Shopper Trends, Holiday Season report finds more than 90% of Americans are celebrating Thanksgiving and the December holidays...

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Nov 17 8:04 AM, Urner Barry


Census Says Retail Sales Grew Year Over Year in October But Growth Continued to Slow

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, National Retail Federation Chief Economist Jack Kleinhenz said in response to the U.S. Census Bureau’s release of monthly retail sales data today.

“Fourth-quarter consumer spending stepped off on a more moderate pace, as expected,” Kleinhenz said. “The staying power of the American consumer has been the story of 2023, but financial conditions have...

 

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Nov 17 8:02 AM, Urner Barry


OpenTable Debuts Annual Top 100 Restaurants List Alongside 2023's Biggest Dining Trends

As 2023 comes to a close, bringing holiday and year-end celebrations, OpenTable is helping diners select the perfect venue with the debut of its Top 100 Restaurants in America list for 2023. Featuring an updated methodology using OpenTable diner reviews and new metrics, the list uncovers some of the most in-demand restaurants by OpenTable diners this year.1

Additionally, OpenTable insights from the year (January 1 – September 30) compared to 2022 reveal shifts in diner behaviors and cravings. Highlights include...

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Nov 16 9:23 AM, Urner Barry


Cost of Thanksgiving Dinner Down Slightly from Record High in 2022

Gathering around the table for a Thanksgiving dinner won’t take as much of a toll on your pocketbook this year compared to 2022, but the meal still reflects historically high costs. The American Farm Bureau Federation’s 38th annual survey provides a snapshot of the average cost of this year’s classic holiday feast for 10, which is $61.17 or less than $6.20 per person.

This is a 4.5% decrease from last year’s record-high average of $64.05, but a Thanksgiving meal is still...

 

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Nov 15 10:05 AM, Urner Barry


Majority of Thanksgiving Celebrations Predicted to Include Whole Turkeys this Year

As Thanksgiving quickly approaches, Cargill's U.S.-focused Future of Turkey study indicates a return to traditional Thanksgiving celebrations, with more than 8 in 10 consumers who responded saying they plan to purchase a whole turkey this year. This marks a turnaround from previous years when consumers often purchased individual turkey parts such as turkey breasts as they exercised caution during the pandemic with smaller gatherings and celebrations.

“Americans hold onto the belief that a whole turkey should be the centerpiece of a Thanksgiving meal with family and friends,”...

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Nov 10 3:41 PM, Urner Barry


Plant-Based Meat Products Served Out-of-Home Grow by Almost 50% Across Europe’s ‘Big 5’ Countries

According to research from Circana, the leading advisor on consumer complexity that formerly traded as IRI and The NPD Group, the trend towards eating alternative plant-based meat protein products in out- of-home (OOH) eateries, such as quick-service restaurants (QSR), cafes, pubs and bars has increased by 48% in servings compared to 2019 across Europe’s ‘Big 5’ countries[i]. While in other food protein categories, the number of total product servings declined, including Beef (-5%), Pork (-16%), Chicken... 

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Nov 10 11:35 AM, Urner Barry


Louisiana Fish Fry Products Reveals New Survey Findings Around America's Fried Chicken Obsession

In honor of National Fried Chicken Sandwich Day and National Louisiana Day on Nov. 9, Louisiana Fish Fry Products, the leading supplier of Louisiana-inspired breadings & batters, boil seasonings, sauces, and spices, has released new insights around all-things fried chicken. 2,000+ people across the country were asked to weigh in on their fried chicken consumption habits and preferences, and the results support the current consumer fried chicken craving craze.

Key findings of the survey include the following:

  • People love fried chicken...
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Nov 10 8:21 AM, Urner Barry


Circana’s 2024 Food and Beverage Outlook Predicts Modest Volume Growth Following Three-Year Decline

Beverage and deli categories expected to outperform total food and beverage unit sales

Circana™, formerly IRI and The NPD Group, today released its 2024 food and beverage outlook, revealing that modest food and beverage volume growth is expected next year after three consecutive years of volume declines. The forward-looking outlook provides insight into the anticipated performance of the food and beverage industry throughout 2024, pointing to a more favorable landscape as several headwinds that weighed down 2023 are expected to recede...

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Nov 8 8:00 AM, Urner Barry


New FMI Holiday Season Trends Survey: Grocery Shoppers Exhibit Cautious Optimism Ahead of Holiday 

Despite ongoing concerns about high prices, shoppers are optimistic about their financial situations heading into the holidays and are finding ways to feed their families and meet their needs at the grocery store, according to FMI—The Food Industry Association’s new U.S. Grocery Shopper Trends, Holiday Season report.

“While consumers are understandably concerned about their finances amidst continued inflation heading into the holidays, shoppers are proving to be just as resilient when it comes to preparing for their holiday meal celebrations,” said FMI President and CEO...

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Nov 8 8:00 AM, Urner Barry


Meijer Turkey Prices Help Families Combat Inflation, Celebrate Thanksgiving

With Thanksgiving fast approaching, Meijer is stocked and ready with a wide selection of turkeys at prices that roll back the clock to lessen the impact of inflation on families.

The Midwest retailer anticipates selling 1 million turkeys this holiday season, which is the equivalent of 520 truckloads. Customers can purchase Meijer brand frozen turkeys for only 59 cents per pound through Nov. 25, which is roughly the same cost Meijer offered its customers in the 1930s, said Josh Potts, Meijer Poultry Buyer...

 

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Nov 7 8:00 AM, Urner Barry


Circana Research Reveals 79% of Americans Will Celebrate Thanksgiving with Their Usual Traditions

Circana™, the leading advisor on the complexity of consumer behavior, today released its first Thanksgiving Tracker, offering vital insights into anticipated consumer behavior and purchasing trends for 2023 and looking back at similar trends from 2022. This comprehensive analysis will enable manufacturers, retailers and media organizations to make more informed decisions about merchandising and promotions to drive growth and profitability during the Thanksgiving season.

The week prior to and the week of Thanksgiving are critical sales drivers, although consumers also shop early for spot deals...

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Nov 3 8:00 AM, Urner Barry


Consumers Experienced Increase in Purchasing Power in September with Slowing Inflation

Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of middle-income households with incomes between $30,000 and $130,000. In September 2023, the average purchasing power for middle-income households was 99.3%, up from 97.4% in August. In September 2022, the index stood at 89.3%.

“Wage growth outpaced the increased cost of necessities in September 2023...

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Oct 30 9:09 AM, Urner Barry


New Frozen Foods Research Reveals Steady Shopping Behavior Among Americans

New research finds that frozen foods maintain their relevance to grocery shoppers and offer a suite of valuable benefits that meet their mealtime needs. The third edition of the Power of Frozen in Retail, released today by the American Frozen Food Institute (AFFI) and FMI – The Food Industry Association, reports that frozen food sales reached $74.2 billion over the last year and that the core consumer audience remains steady, indicating a bright future ahead for performance. In a survey of more than 1,700 consumers, respondents indicated they find...

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Oct 26 9:50 AM, Urner Barry


Consumers to Spend Nearly $900 to Celebrate the Winter Holidays

Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is $42 more than consumers planned to spend in 2022 and is in line with the average holiday budget over the last five years.

“The winter holidays are an important tradition to many American families, and shoppers are prioritizing their holiday purchases for the people most important to them,”...

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Oct 19 11:18 AM, Urner Barry


Whole Foods Market Forecasts Top 10 Food Trends for 2024

Today, Whole Foods Market’s Trends Council unveiled their top 10 anticipated food trends for 2024 in the retailer’s ninth-annual Trends predictions report. Caffeine with added benefits, going back to basics in the plant-based category, complex heat from global peppers, and water conservation and stewardship are all among the food trends expected to rise in popularity across the industry in the next year.

Each year, the Trends Council – a collective of more than 50 Whole Foods Market team members, including foragers, buyers and culinary experts...

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Oct 17 9:24 AM, Urner Barry


U.S. Consumers Spent More on Food in 2022 Than Ever Before, Even After Adjusting for Inflation

The USDA, Economic Research Service’s (ERS) Food Expenditure Series (FES) provides a comprehensive measure of the total value of all food purchases in the United States. The series tracks spending on food intended to be prepared at home, such as from grocery stores, and food that is prepared away from home, such as at restaurants. The FES allows Government agencies, academic researchers, and industry stakeholders to assess and track developments in consumer food-buying behaviors and the U.S. food supply...

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Oct 10 9:40 AM, Urner Barry


Despite ‘One Thing’ or ‘Another,’ NRF Economist Says U.S. Economy Still Shows Resilience

The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today.

”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it's another,’ ” Kleinhenz said. “This is certainly one of those times when that expression fits well with what is going on in the economy.”

“New turbulence from the expanding autoworkers strike and the threat of...

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Oct 9 8:16 AM, Urner Barry


Rising Gas Prices Continue to Limit Purchasing Power of Middle-Income Households

Primerica, Inc. (NYSE: PRI), a leading provider of financial services in the United States and Canada, announced today the release of the Primerica Household Budget Index™ (HBI™), a monthly index illustrating the purchasing power of U.S. middle-income households with incomes between $30,000 and $130,000. In August 2023, the average purchasing power for U.S. middle-income households was 97.4%, down from 97.5% in July 2023. A year ago, in August 2022, the index stood at 88.6%...

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Sep 29 9:43 AM, Urner Barry


Americans Value Homemade Dishes, High-Quality Ingredients, and Alternating Annual Hosting Duties 

DuraPlas, a leading provider of innovative plastic solutions in the agriculture industry, today released findings from its 2023 DuraPlas Holiday Foods Survey showing that Americans value quality homemade dishes over cost. The survey revealed that most Americans make budgeting exceptions when shopping for holiday meal items, and a growing portion is becoming more source-and-sustainability-minded.

Reaching out to 600 U.S. adults via third-party survey platform Pollfish, DuraPlas conducted a comprehensive survey to gain insights into Americans' holiday meal plans, including shopping, hosting and culinary habits...

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Sep 28 9:40 AM, Urner Barry


August U.S. Retail Spending Results Reflect Easing Inflation 

Declining prices contribute to slowing growth in food and beverage spending, and back-to-school shopping remains tardy

In August 2023, U.S. retail sales revenue, including both discretionary general merchandise and consumer packaged goods (CPG), remained unchanged compared to the same month last year, and unit sales declined 2%. Discretionary general merchandise spending declines continued with a 5% decline in dollar sales and 7% drop in unit sales compared to last August. CPG spending gains slowed slightly from last month, with 3% growth in food and beverage, a 2% increase in...

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Sep 15 9:00 AM, Urner Barry


United States Online Food Delivery Market Analysis, Size, & Forecast Report 2023

Market Set to Grow by Almost $50 Billion - Growing Integration of AI and Machine Learning Gaining Momentum

The "United States Online Food Delivery Market, Size, Forecast 2023-2030, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

The United States Online Food Delivery market is anticipated to reach US$ 84.84 Billion in 2030 US$35.36 Billion in 2022, growing at a CAGR of 11.6%

With a wide range of food options from multiple restaurants available at their fingertips, online...

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Sep 1 8:05 AM, Urner Barry


Festival Foods Pairs AI-Powered Price Optimization With Omnichannel Competitive Intelligence

Award-winning Wisconsin Grocery Retailer Debuts Customer Perception-Based Price Optimization with Engage3's Price Image Optimization Suite

Engage3 Powered By Dexi, which helps retailers and brands profitably grow revenue and drive store trips by tracking and optimizing their Price Image, today announced the renewal and expansion of its partnership with Festival Foods. The expanded partnership adds Engage3's Price Image Management capabilities to a successful omnichannel competitive intelligence program.

Festival Foods has been serving Wisconsin shoppers since 1946 and operates 40 locations across the state. Known for an...

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Aug 31 11:55 AM, Urner Barry


The Freedonia Group Launches New Report on Consumer Insights and Trends in the US Shopping & Dining

The Freedonia Group, a leading provider of market research and business intelligence, has released US Shopping & Dining Consumer Insights 2023. The report examines consumer habits and attitudes about shopping and dining in the US, with a focus on the impact of the COVID-19 pandemic.

The pandemic accelerated a number of existing trends in the shopping and dining market, including the growth of e-commerce and foodservice delivery. The report also finds that consumers are increasingly looking for...

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Aug 29 10:05 AM, Urner Barry


NRF Economist Says Growth in Consumer Spending is Slowing

U.S. consumers are still buying more than last year, but spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation Chief Economist Jack Kleinhenz said today.

“The economy was clearly more resilient in the first half of this year than many expected, and the consumer environment has been positive as inflation has slowed,” Kleinhenz said. “Nonetheless, there are ongoing economic challenges and questions, and the pace of consumer spending growth is becoming incrementally slower.”...

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Aug 11 8:29 AM, Urner Barry


US Consumer Confidence Improved Again in July

The Conference Board Consumer Confidence Index® rose again in July to 117.0 (1985=100), up from 110.1 in June. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—improved to 160.0 (1985=100) from 155.3 last month. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—improved to 88.3 (1985=100) from 80.0 in June. Importantly, Expectations climbed well above 80—the level that historically signals a recession within the next year. Despite rising interest...

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Jul 27 3:00 PM, Urner Barry


Restaurant Brands are Turning to Subscription Models in the Next Big Loyalty Trend

The "Global Loyalty Programs Market Intelligence and Future Growth Dynamics Databook 2023" has been added to ResearchAndMarkets.com's offering.

The global loyalty market is expected to grow by 12.7% on annual basis to reach US$135.9 billion in 2023. In value terms, the global loyalty market has recorded a CAGR of 13.1% during 2018-2022.The global loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 12.2% during 2023-2027. The global loyalty market is...

 

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Jul 27 12:12 PM, Urner Barry


Mood Media 's Vibenomics and Stingray Advertising Create Largest US In-Store Retail Media Network

Mood Media's Vibenomics advertising division, a leading experiential technology and retail media solutions provider, and Stingray Advertising, a prominent provider of innovative retail audio advertising solutions, today announced an agreement to combine their respective networks creating the largest U.S. retail media in-store network. This groundbreaking collaboration will provide advertisers with an unmatched national presence, reaching over 800 million monthly shoppers through in-store digital audio advertising across 25,000+ brick-and-mortar locations nationwide. The expansive network encompasses major players in key retail verticals...

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Jul 25 3:17 PM, Urner Barry


Food Retailers & Suppliers Continue to Innovate as Inflation, Workforce, Supply Chain Issues Persist

Food retailers and suppliers, facing formidable challenges with a changing workforce, inflation, The Food Retailing Industry Speaks 2023supply chain hurdles, intense competition and shifting consumer buying habits, are investing in more creative and proactive approaches to future-proof their businesses, according to FMI—The Food Industry Association’s annual comprehensive research analysis The Food Retailing Industry Speaks 2023.

The 74th annual report finds the food industry is prioritizing innovation to increase efficiency and foster redundancies across product supply and assortments; investing in technology for worker recruiting, training... 

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Jul 12 2:37 PM, Urner Barry


US Foods Diner Dispatch Survey of American Dining Out Habits Reveals Casual Dining

US Foods Holding Corp. one of America’s leading foodservice distributors – released the results of its 2023 Diner Dispatch survey showcasing the state of America’s relationship with dining out. The findings display valuable insights into dining preferences, favorite restaurant types, ordering habits, tipping practices, and what this means for foodservice operators across the country.

“As one of the largest foodservice distributors in America, we are excited to share a variety of diner trends shaping the future of the restaurant industry today,” said Jim Osborne, senior vice president...

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Jul 12 9:21 AM, Urner Barry


After COVID-era SNAP Benefits Ended in March, Impacted Households Reduced Spending

The Supplemental Nutrition Assistance Program (SNAP), historically known as food stamps, has undergone recent changes, including the end of COVID relief benefits across the U.S. in March. The final elimination of extra SNAP benefits nationwide in March reduced food and beverage aid by $23B annually. As a result, in the initial months after the benefit cutbacks, SNAP households reduced their monthly food and beverage spending, on average, by about 35% of cut benefits. For example, if SNAP benefits were cut by $200, the reduced food and...

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Jul 12 7:58 AM, Urner Barry


Tattle Releases Receipt Scanning Feature Offering Restaurants an Additional Method of Engaging Guest

Tattle, the industry-leading Customer Experience Improvement (CXI) platform for restaurants to collect feedback data and generate algorithm-driven improvement recommendations, recently released a receipt scanning feature to further enhance the platform’s ability to collect menu item level feedback.

Traditionally, through Tattle’s robust integrations with 35+ ordering, POS and loyalty providers in the hospitality industry, Tattle surveys can automatically bring in order details from each transaction and ask customers to provide menu item specific feedback. With the new receipt scanning capability, even for restaurants...

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Jul 11 7:59 AM, Urner Barry


Unphased by Inflation Grocery Shoppers Did Not Cut Spending for Graduation and 4th of July 

Incisiv, a next-generation industry insights firm that helps retailers and brands navigate digital disruption, and Wynshop, the leading provider of digital commerce and fulfillment solutions for local store-based retailers, today revealed the findings from their State of Digital Grocery Performance Scorecard for H1 2023. The Performance Scorecard reflects the latest analysis of shopper orders, plus a summer outlook around consumers' grocery shopping behaviors.

This month's scorecard reveals new findings from June 2023 in context of Q2 and H2. Key findings include...

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Jul 11 7:58 AM, Urner Barry


Consumer Foodservice Spend Returns to Pre-COVID Levels Across Europe

Circana, the leading advisor on consumer complexity that formerly traded as IRI and The NPD Group, today launched its latest results from its CREST service analysis, revealing continued recovery for the European foodservice sector as consumers across five markets return to bars, restaurants and other foodservice establishments. Total spend for the sector is now back to pre-pandemic levels (€308 Bn in 12 months ending May 2023).

Spain is the first country to show spend growth to pre-pandemic...

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Jul 6 8:00 AM, Urner Barry


Nearly all Canadians (91%) Identify Cooking from Scratch as a Way to Save on Groceries

Grocery prices remain elevated in Canada* and, according to new Mintel research, Canadians are changing habits to accommodate: 91% of Canadians with any cooking or meal planning responsibility agree that scratch cooking is a good way to save money on groceries. Meanwhile, four in five (81%) say they are adapting home-cooked meals to account for the rising cost of ingredients (eg meat, produce). For a quarter (77%) of consumers, the rise in food prices is pushing them to plan more of their meals ahead...

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Jul 5 12:15 PM, Urner Barry







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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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