Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.
Mintel: The Current Economic Environment Compared to The Great Recession
Mintel has released new research analyzing the current economic environment compared to that of the Great Recession, including insight on the economic indicators that will play a role in predicting consumer spending in the months and years ahead.
While the economy is in decline today, the factors leading to the last recession, its duration, and lasting impact on consumers are (and will be) very different this time around.
Why this time it’s different
The Great Recession was largely impacted by failures in the housing and banking industries. Today, the crisis is out of human control, and one we can’t yet solve. What’s more, the financial system today is...
Mintel: UK Online Grocery will Grow by Around 33% in 2020
The latest research from Mintel reveals the online grocery market is forecast to grow by 33% in 2020 to reach an estimated value of £16.8 billion, up from £12.7 billion in 2019. This phenomenal rise follows four consecutive years of slowing growth: in 2019 growth fell to a historic low of just 2.9%. The market is set to be worth £17.9 billion by 2024, growing by 41% over the five year period.
Online shopping behaviour as a whole
This comes as Mintel reveals a dramatic change in online shopping habits over the COVID-19 lockdown period, habits that Mintel believes could prove lasting. In the very early days of the spread of the coronavirus in the UK, before social distancing measures were announced, 7% of Brits...
Mintel Announces Four U.S. Foodservice Trends for 2020
Mintel has announced four trends set to impact the US restaurant industry in 2020, bringing new opportunities to appeal to diners based on specific dietary and lifestyle needs.
Amanda Topper, Associate Director, Foodservice Research at Mintel, outlines the trends and what they mean for restaurants in the year ahead:
With more options for buying food and drink than ever, restaurants will lean into their ability to be a social gathering place, in addition to a place to refuel. To remain competitive, they will modify existing operations to...
Mintel: UK Sales of Meat-Free Foods Shoot Up 40% Between 2014-2019
From meatless steak bakes to plant-based Whoppers, it seems that vegan food product launches are now in full swing as new research from Mintel reveals a nation hungry for meat-free foods.
Over the past two years, the number of Brits who have eaten meat-free foods has shot up from 50% in 2017 to 65% in 2019. Meanwhile, sales of meat-free foods have grown an impressive 40% from £582 million in 2014 to an estimated £816 million in 2019. Such is the popularity of meat-free food that sales are expected to be in excess of £1.1 billion by 2024.
According to Mintel research, the proportion of meat eaters who have reduced or limited the amount of meat they consume has risen from 28% in 2017 to 39% in 2019. Women are more likely than men to have...
Mintel Announces Global Food and Drink Trends for 2030
Mintel has announced three key trends that will shape the global food, drink, and foodservice industries over the next 10 years:
Expect to see consumers further prioritise plants in their diets, with the planet’s health in mind as much as their own. From beer made from...
Mintel: Affluent Brits Flock to Chicken Shops and Restaurants as Sales Increase
Well-heeled Brits are joining the nation’s chicken shop obsession, according to latest research from Mintel. Over the last year alone, the number of affluent Brits visiting chicken outlets and restaurants has shot up from 40% in 2018 to 45% in 2019.
Meanwhile, those who have stable household finances are also now more likely to be enjoying the nation’s chicken shops and restaurants. Almost half (47%) of those describing their financial situation as ‘OK’ visited a chicken shop in 2019, compared to 41% a year earlier. This comes as the chicken segment has seen some worse-off consumers exiting the market. The number of Brits with a challenging financial situation visiting chicken shops dropped from...
Mintel: Organic Food and Drink Products Gain Popularity
According to Mintel Global New Products Database, in the last 10 years, the total number of new food and drink product launches globally with an organic claim has risen from 6% to 10% between August 2009 and July 2019.
Mintel research finds that Europe is leading the way in terms of organic food and drink innovation, with almost a fifth of all food and drink products launched in Europe carrying an organic claim. In the 10 years to July 2019, the number of European food and drink launches with an organic claim has shot up from 9% to 17%, satisfying Europe’s hunger for organics. Current leading innovators include...
Mintel: Nearly Three in 10 Americans say Technology is Ruining the Hospitality Industry
Technology plays a prominent role in nearly every aspect of US consumers’ lives and the dining out experience is no exception. But it seems that for some Americans, the spread of mobile, digital and artificial intelligence (AI) technology is unwanted as new research from Mintel reveals that 28% of US consumers agree that technology is ruining hospitality.
However, it may be the fear of the unknown that’s influencing these perceptions as a large minority of Americans have not only never used certain types of technology when dining out, but they are not interested in trying them. For example, two in five consumers have not used and are not interested in trying a restaurant mobile app (44%) or kiosk (40%) to pay. Nearly half (48%) of diners have not used and are not interested in trying...
Mintel Announces Five U.S. Flavor and Ingredient Trends
Mintel, the world’s leading market intelligence agency, announced from IFT19 the flavor and ingredient trends that are influencing the foodservice and packaged food and drink categories in 2019 and beyond. The five new trends link the relationship between consumer behavior and food and drink to dishes on restaurant menus and products on store shelves, and explain the significant momentum that has led to this moment.
Seeking out ingredients that provide sustenance for healthy eating is top of mind for Americans. However, consumers today are also looking beyond the balanced diet. Flavors that tap into relaxation and support a healthy gut are satisfying consumers that are looking for ingredients that will feed the mind, body, and soul...
Update: List of Current Plant Closures Due to COVID-19
The Trip Back to 'Normal' Slaughter Levels
Consumer Confidence Index Stabilizes in May
UB Consulting Presents: The Other Side of COVID-19
Has the Coronavirus Caused Consumers to Adopt New Eating Behaviors?
URNER BARRY INDICES