The gap between rich and poor is beginning to close - at least in terms of prepared meal consumption. A report from Canadean shows that 48.3% of the richest consumers and 51.7% of the poorest consumers purchase prepared meals regularly.
Despite the vast array of flavoured yoghurts that accost consumers in the chilled aisle of the supermarket, more people are starting to opt for natural or plain yoghurt, Roy Morgan says.
Don't believe the bad news: despite difficult market conditions around the world, Australia has more food and beverage acquisition targets than any other country in the Asia-Pacific region, a new report from Grant Thornton shows.
The functional beverage industry looks set to grow, with revenue increasing by an estimated 2.5% in 2013-14 to reach $1.1 billion. This growth is expected to continue through 2018-19, with industry revenue growing by 11.4% to reach $1.3 billion.
Functional foods and beverages fail when they rely too much on health claims to differentiate them from the competition, a new report from New Nutrition Business shows.
The financial squeeze experienced by food and grocery suppliers is getting tighter, according to the Competitiveness and Sustainable Growth Report.
The changing consumer demographic in Thailand will drive changes in packaging demand, research firm Canadean says.
Sales of organic products in the US increased to US$35.1 billion in 2013, a jump of 11.5% on the previous year. Organic packaged and pre-prepared food is expected to grow rapidly, according to a survey from the Organic Trade Association.
Retail sales rose 5.8% in the March quarter and are expected to further strengthen, according to the 13th AFGC CHEP Retailed Index. The Index was also 5.8% higher in March 2014 than March 2013 with a turnover in excess of $23 billion.
Kez's Kitchen Managing Director Michael Carp says food brands need to understand their customers, know the value of branding, be innovative in their product development and deliver on promises more than ever to remain competitive.
Despite having access to a plethora of fruit and vegetables year round, few of us manage to eat the suggested quota of vegetables each day. As consumers become increasingly health conscious, vegetable juices have gained popularity.
While well-known 'free-from' products like gluten-free and lactose-free continue to do well, the entire category has expanded to include broader definitions such as dairy-free, additive-free, preservative-free and even, increasingly, GM-free.
Simply changing the face of a model in an ad can increase the number of potential purchasers by as much as 15% (8% on average).
Margins in Q2 are likely to be affected by avian influenza outbreaks in China, the weakening Asian economy and feed prices, which are up 10 to 15% on earlier expectations, according to Rabobank's Poultry Quarterly Q1.
With more than half of the Indonesian population under 29, manufacturers should be looking to attract younger consumers, Canadean says.