Daymon’s 2022 Consumer Holiday Study, a survey conducted in October, found that 42% of Gen Z and Millennial consumers are hosting their own holidays this year, and their holiday shopping behavior is different than the older generations.
Consumers rank food and beverage as one of the most important industries when it comes to environmental impact, but many are unable to articulate what makes a product in the category sustainable.
As higher menu prices offset the value of discounts and promotions, consumers are taking less advantage of foodservice deals, according to The NPD Group.
In 2022, American consumers are expected to spend an all-time high of 10.6 billion dollars for the Halloween season, according to Statista. This would be an increase of about half a billion dollars from last year.
Target Corp.’s food and beverage unit continues to serve as an engine for growth, recording 20 straight quarters of market share gains, said Brian Cornell, chief executive officer for the company.
One of the main differences between the produce departments of yesterday and today, said Anne-Marie Roerink, principal of San Antonio-based 210 Analytics, is the enormous surge in packaged and value-added products.
The plant-based food industry has exploded in the past decade, but COVID caused or, at the least, revealed some challenges to the category’s future growth. To help shed some light on where it’s headed, Arlington, Va.-based FMI – The Food Industry Association has extended its highly successful “Power of” series of studies to include plant-based.
Springdale, Ark.-based Tyson Foods’ promotional calendar is in full swing this fall season as the company begins planning its promotional events for the Big Game in 2023.