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Reaching the Consumer: New Research Helps Identify the Future Pork Consumer
Research shows pork consumption is declining across every generation and is at risk of becoming a protein of the past. Baby Boomers have been the primary consumers of fresh pork and they are aging out. Gen Z and Millennials don’t buy fresh pork at the same rate as older generations. The good news is the decline in pork sales is reversible. The pork industry needs to unite around a common goal of making pork relevant to younger consumers.
Following one of the worst years of profitability for pork producers...
Specialty Food Association Releases New Research, Understanding the Real Value of Specialty Foods
The Specialty Food Association (SFA) has released a second edition of its groundbreaking research report, Understanding the Real Value of Specialty Foods. Built on interviews with 1,000 shoppers, 100 retailers, and other data points, the new report outlines the positive impact of specialty products on retailer profitability and shopper loyalty, impact that has only increased in importance since the first edition came out in 2014.
Describing the current moment as "an era of specialty food prominence," the report notes that sales of specialty products have...
Online Grocery Delivery Services Market size is set to grow by USD 652.45 billion from 2023-2027
Albertsons Companies Inc., Alibaba Group Holding Ltd. and Amazon.com Inc., and more to emerge as Some of the Key Vendors, Technavio
The global online grocery delivery services market size is estimated to grow by USD 652.45 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 19.43% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental...
CNBC/NRF Retail Monitor Shows Retail Sales Grew in March Amid Wage Gains and Easing Inflation
Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.
“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In this highly competitive market, retailers are having to keep prices as low as possible to meet the demand of...
19th Annual Power of Meat Reports Strong Meat Consumption, Evolving Consumer Trends
The number of Americans who describe themselves as meat eaters (80%) and the number of households that purchase meat (98%) remain steady from 2023, while the number seeking to decrease meat consumption has fallen by 20% since 2020, according to the 19th annual Power of Meat report released today by the Meat Institute and FMI—The Food Industry Association.
According to data cited from Circana, overall household penetration averages above 97% for all incomes, ethnicities, household sizes and ages...
H-E-B Holds Top Spot in dunnhumby's Annual Grocery Rankings
Dunnhumby, the global leader in customer data science, today announced that H-E-B has been named the top U.S. Grocery Retailer in the seventh annual dunnhumby Retailer Preference Index (RPI), a comprehensive, nationwide study that examines the approximately $1 trillion U.S. grocery market, released today. H-E-B is the first grocery retailer to be recognized three times as number one in the RPI ranking surpassing Amazon and Trader Joe’s who both ranked as top grocer twice. Amazon (2) and Costco...
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...
Holiday Food Prices Projected Up 7% from Last Year, 18% from Two Years Ago
National supermarket data confirms slower food price inflation with consumers seeing smaller price increases when shopping for 2023 Christmas meals. According to a data analysis and forecast prepared by Category Partners, the price of purchasing Christmas dinner at a supermarket will be approximately 7% higher than in 2022. The forecast was derived using supermarket sales data provided by NielsenIQ collected from more than 35,000 food stores in the United States.
The data analysis shows that a basic Christmas dinner in 2023 purchased from a supermarket...
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...
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...
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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