As many consumers continue to demand more natural and organic products, the global food and beverage market for non-GMO products reached $550 billion in 2014 out of a total $5 trillion market, according to a Packaged Facts study.
Prices of major food commodities in July dipped to the lowest average monthly rate since September 2009, according to the Food and Agriculture Organization of the United Nations (FAO).
The Food Marketing Institute (FMI) has released the 41st US Grocery Shopper Trends Study, an annual report that dissects the food industry by analyzing shopper behaviors and attitudes. This year’s report reveals a deep shift in shopping and important mealtime distinctions while providing updates on long and short-term trends.
The Kellogg Company said in its recent quarterly report that sales of its US Morning Foods segment posted a decline of 2.3 percent, though the company is optimistic about current trends in the cereal business.
The nutraceutical ingredients market is projected to be worth $38.7 billion by 2020 with a compound annual growth rate of 7.2 percent, according to a new report from analysts MarketsandMarkets.
An increasing amount of consumers prefer foods without artificial ingredients or long ingredient lists, but one thing American consumers clearly want less of is gluten, according to a new study from Packaged Facts.
The new facility will address diverse consumer food demands and focus on new product development for the company’s frozen and chilled food product lines.
Researchers will explore ways to reduce sodium and saturated fat, eliminate partially hydrogenated oils, incorporate more vegetables and create gluten-free and high-protein options.