IRI, 210 Analytics and Marriner Marketing joined forces to study meat department sales and trends. In an end-of-year review, 210 Analytics President Anne-Marie Roerink noted that department sales have increased more than $9 billion between 2018 and 2022. Moreover, sales reached a record high of $87.1 billion, up 5.8% from 2021 levels.
Per the Innova Database of new products, snack bar new product introductions (cereal and energy bars) grew more than 6% while cold cereal launches expanded by more than 2% during the first 11 months of 2022 versus the same period in 2021. Hot cereal launches declined by around 10% during the same period.
Newly formed organization aims to become a leading advisor on the complexity of consumer behavior
March 8, 2023
Circana™ is as leading advisor on the complexity of consumer behavior. Through unparalleled technology, advanced analytics, cross-industry data and deep expertise, Circana provides clarity that helps clients take action and unlock business growth.
Innova Market Insights’ 2022 Snacking Survey found that more than 54% of Americans say they snack two or more times a day. Nearly one-fifth of Americans say they snack four or more times a day.
Accounting for 20.67% of US consumers and nearly one-third of the global population, Gen Z’s economic power is the fastest growing across all generations
February 15, 2023
Gen Z is the most racially and ethnically diverse generation, too. According to Pew Research, Gen Z represents the leading edge of the country’s changing racial and ethnic makeup – with 52% non-Hispanic White, 25% Hispanic, 14% Black, 6% Asian and 5% a different race or two or more races. The US Census Bureau projects that by 2026, the majority of this generation will be non-White.
Approximately 25 million consumers eat plant-based foods and beverages "occasionally" or "regularly," as part of a meal or as an ingredient
February 3, 2023
When it comes to eating plant-based foods, consumers are definite in which types of plant-based beverages and food they want to eat at home and which they eat from a restaurant or foodservice outlet.
Each fall, Innova Market Insight releases its Top 10 Trends for the coming year. Then the anticipation and excitement begin as we link those top trends to topics we write and speak about—including snacking.
Culinary experts and registered dietitians work to shape vision of upcoming trends poised to represent kids' favorite foods for the year ahead
January 4, 2023
"Student tastes are at the forefront of every new program or menu item we introduce," said Chef Peter Gilhooly, vice president - culinary, Chartwells K12. "With daily access to the invaluable insights from the students we serve, we're able to work with kids on creating the fun and delicious, healthy and nutritious meal options on their school menus, and we're excited to share what's coming next year."
Brands need to be flexible in action and open in spirit to connect with consumers, while also taking full advantage of rapidly emerging technological opportunities
December 26, 2022
Over the last year, cost and value for money have become more important to more than half of food and beverage consumers worldwide. Today’s shoppers are increasingly exploring money-saving strategies, such as choosing lower cost items and cooking from scratch.
US snack index explores preferences and behaviors for holiday snacking and beyond
December 6, 2022
The "crunch" factor was on top as an important component of the perfect snack in the latest Frito-Lay US Trend Index. The index polled consumers on their snacking preferences and found that more than 70% of snackers would reach for a food with a crunch when considering their perfect snack.