Growth in side dishes is restrained by increased competition from convenience foods, coupled with a lack of innovation in aging product lines. To reverse their fortunes, major manufacturers will have to update their products, making them more flavorful and convenient.
Considering the spending power of children and teens, it should come as no surprise that major manufacturers are focusing their sights on this valuable demographic. With young people registering 4.4 eating occasions per day, snack makers have ample opportunities to reach them.
A global representation—in attendees and products—was on-hand for the 20th edition of Prepared Foods New Products Conference. More than 300 attendees gathered to examine the qualities essential to the success of a product introduction.
Boasting some of the largest names and catchiest advertising in the industry, sales of breakfast and sandwich meats have seen a double-digit increase since 1997. Led by innovation in refrigerated dinner sausage and bacon, processed meats are benefiting from consumers' willingness to enjoy some fat.
Some ethnic foods have proven popular enough to be considered mainstream. Now, a new group of regional cuisines are poised to tempt adventuresome palates.