Although there are dollars-and-cents implications for every aspect of a new product, you can’t put a price on absolutely every ingredient. That’s because some brands embrace purpose-driven goals or “social ingredients” that factor into the finished product.

The report found that less than half of food retailers (44%) and suppliers (32%) believe supply chain disruptions will negatively impact their businesses in 2023, compared to 70% of food retailers and 82% of suppliers in 2022.

With 12,198 new products with almonds introduced globally in 2022, almonds are recovering from the COVID slowdown. Other key findings for 2022 are below:

Interest in functional nutrition is on the increase in many countries, with growing numbers of consumers globally, including in the US, saying they choose products that positively boost nutrition, immunity and (gut) health.

With years of experience in product and project management at InnovAsian Cuisine, Continental Mills, Allrecipes, Starbucks, Monterey Gourmet Foods, and Amazon in the Seattle area, Rothman will help onboard and manage client innovation and product development projects with deep food industry knowledge and broad food experience in refrigerated, shelf-stable, and frozen categories.

Listen to the second installment of Prepared Foods' interview with refrigerated foods giant Reser's Fine Foods, Beaverton, Ore.

Honorable mention also went to an Almond-Granola Butter Spread and Almond Protein Smoothie in Creamsicle, Chai and Coffee flavors. Student competition participants assessed the current market for opportunities, conducted consumer research, surveyed their target audience and sampled prototypes to strengthen their concepts and refine product pitches

Prepared Foods profiles refrigerated foods giant Reser’s Fine Foods, Beaverton, Ore., and interviews Chef Sean Dwigans, Culinary Business Development Manager; and Chef Todd Ketterman, Culinary Manager.

Passport+, available on Circana’s industry-leading Liquid Data platform with the latest Unify+ visualization, provides insights into shopper behavior and retail trends that level the playing field and help smaller CPGs compete effectively in the market.

Join experts at GNT on Tuesday, May 23rd at 2pm EDT and discover why color is critical for a successful product launch and how you can unlock the limitless potential of consumer-friendly natural colors.