1 in 6 Adult Americans Replaced Meals With Snacks in 2024: Euromonitor International

One in six adult residents of the United States is replacing their daily meals with snacks, data analytics company Euromonitor International has revealed

According to Euromonitor International’s World Market for Snacks 2024 report, 18% of adult Indians, 17% of adult Americans and 13 % of adult Britons have been replacing their meals with snacks, as convenience-oriented lifestyle changes favour snacking and consumer purchases continue to be impacted by economic uncertainty.

Carl Quash III, head of snacks at Euromonitor International, said: “Consumers have been under...

Reaching the Consumer: New Research Helps Identify the Future Pork Consumer

Research shows pork consumption is declining across every generation and is at risk of becoming a protein of the past. Baby Boomers have been the primary consumers of fresh pork and they are aging out. Gen Z and Millennials don’t buy fresh pork at the same rate as older generations. The good news is the decline in pork sales is reversible. The pork industry needs to unite around a common goal of making pork relevant to younger consumers.

Following one of the worst years of profitability for pork producers...

Specialty Food Association Releases New Research, Understanding the Real Value of Specialty Foods 

The Specialty Food Association (SFA) has released a second edition of its groundbreaking research report, Understanding the Real Value of Specialty Foods. Built on interviews with 1,000 shoppers, 100 retailers, and other data points, the new report outlines the positive impact of specialty products on retailer profitability and shopper loyalty, impact that has only increased in importance since the first edition came out in 2014.

Describing the current moment as "an era of specialty food prominence," the report notes that sales of specialty products have...

Online Grocery Delivery Services Market size is set to grow by USD 652.45 billion from 2023-2027

Albertsons Companies Inc., Alibaba Group Holding Ltd. and Amazon.com Inc., and more to emerge as Some of the Key Vendors, Technavio

The global online grocery delivery services market size is estimated to grow by USD 652.45 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 19.43% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental...

CNBC/NRF Retail Monitor Shows Retail Sales Grew in March Amid Wage Gains and Easing Inflation 

Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation.

“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In this highly competitive market, retailers are having to keep prices as low as possible to meet the demand of...