Food and Beverage Reports
Reports from CoBank Knowledge Exchange focusing on packaged food and beverage goods.
Valentine’s Day shoppers with chocolates on their list are in for sticker shock, continuing what they saw at Halloween and Christmas. Thanks to distinctly higher wholesale costs for sugar and particularly cocoa, consumers are paying 9.2% more than a year ago for confections, outpacing broader inflation.
The challenge facing rural consumers is largely born of a lack of access, with literally dozens of U.S. counties lacking food stores. In addition, only 37% of rural residents have access to major food delivery services.
Sales of plant-based meats are struggling as consumers turn to lower-cost and familiar proteins amid higher prices.
Stay ahead of the game in your field. Subscribe today.
Get CoBank's industry-leading Knowledge Exchange research reports delivered straight to your inbox as soon as they're released.
Have a comment or question about these reports?
Contact CoBank's Knowledge Exchange team to ask questions, engage with analysts or receive additional information.