Food and Beverage Reports

Seeking Wellness, Younger Pet “Parents” Spur Pet Food Growth Trends

April 2024

Pet food spending increased nearly 12% over the past year, according to Circana, primarily driven by price increases. Volume sales, however, fell 2.7% YoY as consumers stretched their pet food dollar.

Volatile Cocoa, Sugar Prices Smack Confectionery Industry

February 2024

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.

How Delivery Innovation Can Reduce Hunger in the Heartland

October 2023

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.

Consumer Interest in Plant-Based Meats Fades Amid High Prices and Product Shortcomings

August 2023

Sales of plant-based meats are struggling as consumers turn to lower-cost and familiar proteins amid higher prices.