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U.S. Pet Treat Sales Approach $10 Billion Mark
In its just-released report on Pet Treats and Chews in the U.S., Packaged Facts projects that U.S. retail sales of dog and cat treats will reach $9.87 billion by the end of 2021, after two years of double-digit increases.
Sales growth in treats has consistently outpaced the more mature pet food market and pet supplies in general, and this growth accelerated with the COVID-19 pandemic. “Pet owners spending more time at home with their pets has translates into more opportunities for treat-giving,” notes Packaged Facts analyst...
Packaged Facts Analyst Comments on JBS Acquisition of Cultivated Meat Company
Cultivated meat products, which are lab-grown alternatives to meat that are produced by in vitro cell cultures of animal cells, are seeing rapid product development as many consumers are increasingly looking for alternatives to meat that are better for the environment or animal welfare.
As consumers have increasingly been adopting plant-based meat alternatives in their diet, food producers have been investing in the alt-meat space (plant-based and cultivated meat products) to take advantage of massive growth opportunities. Packaged Facts projects that the U.S. market for...
Packaged Facts Analyst Comments on Home Chef Hitting the $1 Billion Mark
The U.S. food and beverage industry has been impacted heavily by COVID-19 as consumers continue to spend more time at home. In 2020, more consumers than ever before were deciding to order meal kits and other food and beverage items online to avoid grocery shopping in crowded stores, where they might be exposed to the COVID-19 virus.
Growth has continued through 2021 as consumers looked to meal kits and grocery e-commerce as a convenient alternative to conventional grocery shopping and meal planning...
Better-for-You Snacks Market Rises to $39 Billion
The U.S. food and beverage industry has been impacted heavily by COVID-19. In 2020 especially, more people looked to improve their health to prevent or lessen the severity of illness. Consumers are buying more better-for-you snacks that have health claims or label claims perceived to be healthier to improve health and hopefully ward off illness. Snacks with claims that are better-for-you feature good taste, indulgence, and convenience while being healthier than standard snacks by virtue of nutrition or portion sizes.
In 2020, sales reached $39 billion on the strength of pandemic trends as reported by Packaged Facts' new report Better-for-You Snacks: Market Trends and Opportunities. Snack products in the scope of this report include...
The Factors Propelling Retail Food Sales Forward
Sales spiked significantly in 2020 (+14% from 2019 levels) due to the impact of the coronavirus, according to the update of Packaged Facts' benchmark coverage of retail food sales in Food Market Outlook 2021: Grocery Shopping, Home Cooking, & Food Preferences in the Waning Pandemic Period.
Consumers sharply curtailed dining out or using school cafeterias and instead did more grocery shopping to prepare and eat most meals and snacks at home. Going forward, retail grocery sales are projected to increase at a significantly lower rate in 2021 from this high base as...
Packaged Facts: The Future of Grocery
The COVID-19 pandemic has changed many aspects of consumer behavior and daily life. In 2020, many consumers were suddenly faced with more time at home.
The Online Grocery Market Nearly Tripled in 2020
The U.S. food and beverage industry has been impacted heavily by COVID-19. In 2020, more consumers than ever before were deciding to order food and beverage items online to avoid grocery shopping in crowded stores, where they might be exposed to the COVID-19 virus. As reported by Packaged Facts' new report The Future of Grocery: Online Grocery, Meal Kits, & Direct-to-Consumer Food, the online grocery market nearly tripled in 2020.
Packaged Facts projects that online sales of food and beverages will...
Packaged Facts: Clean Labels and Ethically Sourced Foods are Mattering More to Meat Eaters
Even with the growing availability of meat alternatives, many Americans are reducing rather completely eliminating their consumption of animal proteins, with the added caveat that they are doing so while seeking out meat raised in more ethical manners with cleaner labels, reports Packaged Facts in the market research study Vegan, Vegetarian, and Flexitarian Consumers.
Packaged Facts' survey data published in the report reveal that among all U.S. consumers, twice as many (49%) consider clean label options important when grocery shopping compared to...
3 Plant-Based Consumer Insights for Veganuary from Packaged Facts
Plant-based eating and sustainability are some of the top food trends affecting consumer preferences and food product launches in recent years, causing more general consumers to think about these issues, not just those following veganism or vegetarianism. We are especially reminded of this during Veganuary, the world’s largest vegan movement.
There was a notable uptick in consumer usage of plant-based foods and beverages in 2020 compared to 2019, as reported by Packaged Facts. The market research publisher reports that...
Identity of Primary Plant-Based Food Consumers May Surprise, Reports Packaged Facts
Despite use of plant-based meat or dairy products being highest among those following vegan, vegetarian, or pescatarian diets, it's omnivores and flexitarians who make up the lion's share of consumers who eat these products due to their sheer numbers, reports market research firm Packaged Facts in the report Vegan, Vegetarian, and Flexitarian Consumers. This reveals that both the current and addressable market for plant-based products depends on omnivores and flexitarians using more of these products, especially beyond this month's Veganuary campaign encouraging people to try a plant-based diet.
"Although plant-based meat and dairy alternatives do appeal to some vegans and vegetarians, they are more targeted toward the preferences of omnivores and...
Plant-Based Dairy and Egg Product Sales Reach $4 Billion in 2020
Market research firm Packaged Facts projects retail sales of plant-based dairy and egg products will rise at an average annual rate of 6.0%, reaching $5.2 billion by 2024. This is up from $4.3 billion in estimated sales in 2020, which itself is up from $3.9 billion in sales during 2019.
These findings were published in the brand new Packaged Facts report Dairy & Egg Alternatives: Outlook for Plant-Based & Cell-Cultured Consumer Products.
Despite potential industry disruptors such as the lingering economic impact of...
Perspectives: Looking at Volatility in Natural Gas Markets with APPI Energy
ANALYSIS: Year-End Chicken Production Begins to Recede
This Week in Retail: Jingle Bells, December Sells
ANALYSIS: Tightening Supplies Lift Cash Cattle Prices
Rising Inflation, Relentless Pandemic Dampen U.S. Consumer Confidence