Items Tagged with 'market research'

Food and beverage manufacturers encounter significant challenges beyond simply delivering products, including tightening regulations, rising costs, and labor shortages. Despite these obstacles, they continue to prioritize investments in food safety, traceability, automation, and sustainability to enhance operational efficiency.

It's essential to remember that the primary goal of food manufacturers is to provide products for consumers. Understanding consumer demand, trends, and behaviors is key, as these factors greatly impact product and process design.

The organizations, which have long published parallel industry reports, have joined forces to offer food manufacturers and original equipment manufacturers (OEMs) an overview of market performance and a glimpse at what to expect going forward.

Conagra's Future of Frozen Food report reveals how consumer behavior, generational preferences and innovations are reshaping the U.S. frozen food market, which totals $93.5 billion, according to Circana.

The global fruit pulp market is expected to grow from $1.9 billion in 2024 to $2.8 billion by 2031, at a CAGR of 5.4%.

At the IFT FIRST Conference, Mimi Bonnett of Innova Market Insights spotlighted the top food trends in the U.S. and Canada, while Michael Warter of Ruiz Foods delivered insights on machine learning and AI.

The ingredients most likely to influence purchasing decisions were probiotics, vitamins and minerals and fiber.

Growth in the vegan cheese market is fueled by increasing lactose intolerance, rising vegan and flexitarian populations, and environmental concerns associated with dairy farming.

Fact.MR projected the global fruit puree market would reach $24.11 billion in 2024, growing at a compound annual growth rate of 6.7% over the next decade.

AI implementation is expected to play a crucial role in manufacturing operations in the next wave of industrial revolution, also known as Industry 5.0.