The global market for sauces and condiments is on track to increase from $172.8 billion in 2021 to $240.7 billion by 2028, according to a recent Research and Markets report.
In its most recent Feedback Group national grocery shopper survey, conducted in May 2022 with more than 1,200 instore shoppers, Lake Success, N.Y.-based Retail Feedback Group found that produce is the second highest rated department, in terms of satisfaction, across all channels, with a rating of 4.29 on a five-point scale and with 51% of those surveyed rating it a five.
Gen Z consumers are less likely to view brands positively compared to other age groups, according to research from the market researcher Morning Consult.
Indulgent foods, including chocolates, confectioneries, savory snacks and ice cream, are likely to see a notable dip in retail sales as a result of inflation, according to market research firm GlobalData.
Cases of highly pathogenic avian influenza (HPAI) emerging this week in California, Indiana, Minnesota and North Dakota, including in a Hormel Foods Corp. flock, have executives at the company on edge. Outbreaks earlier this year affected the company’s Jennie-O Turkey Store business, and the new cases may have a lasting impact.