The versatile tortilla is on a roll, breaking out of the Tex-Mex stereotype and finding its way into all sorts of meals and snacks. That said, the increasing popularity of Mexican cuisine hasn’t hurt either.
September 17, 2018US demand for fertilizers is forecast to fall to 28.1 million metric tons in 2021. As structural changes in agricultural markets lead to declining acreage of planted crops, less fertilizer will be needed to sustain plant growth. Additionally, fertilizers are improving such that higher crop yields can be obtained with smaller volumes of fertilizer, inhibiting demand.
July 18, 2017US restaurant and foodservice revenues are forecast to total $990 billion in 2021. Advances will be driven by increases in population and disposable personal income, as consumers dine out more often and purchase higher-priced offerings. Over the 2006-2016 period, revenues increased briskly, with 2009 representing the only year of decline as the recession prompted consumers to curb discretionary purchases.
November 8, 2017US demand for snack foods is forecast to total $93.2 billion in 2022. In recent years, some younger consumers (e.g., millennials) have moved away from the traditional three meals per day and shifted into a lifestyle involving increased snacking, or multiple smaller meals, throughout the day, generating greater demand for snack foods and a rise in the number and variety of new product offerings.
March 5, 2018The COVID-19 pandemic has dramatically altered the way people dine, both at home and in public. The overwhelming fear of contamination that was once the domain of germophobes has become commonplace. As the world starts to open back up as vaccinations expand, restaurants face the challenge of customers who have spent more than a year thinking about the sanitary practices behind the production, handling, and consumption of food. Is the “sanitarian” customer the new vegetarian?
April 29, 2021Suppliers of fresh, frozen, and processed meat and poultry are facing increased competition from producers of meat substitutes. Manufacturers of such products include Beyond Meat, Kellogg Company’s MorningStar Farms, and Impossible Foods. As these companies continue to improve the taste and texture (e.g., ability to sizzle on a grill) of plant-based patties and other meat substitutes, more individuals are experimenting with these products. The increased availability of meat substitutes on restaurant menus and grocery store shelves is also spurring sales.
January 21, 2019Demand for soybean products is projected to reach 45.9 million tons in 2022. Amid a sea of regulations impacting the use of soybean products in applications ranging from food to fuel, suppliers have begun to develop crops with specific traits in order to produce soybeans and soybean products with more desirable attributes suitable for specific roles.
May 7, 2018The canned food industry seems to have opened a can of worms. Long a staple of consumer diets, canned food has fallen out of favor with consumers, with more consumers valuing fresh, healthy food made without packaging. For example, several major canned food companies saw revenues decline in the first half of 2018. Furthermore, Campbell canned its CEO due to a precipitous drop in sales. So what happened? How did canned food get left off of consumers’ plates? And what are companies doing to respond?
October 15, 2018Investments in branding, marketing, and distribution help to explain the growing popularity of pistachios.
May 7, 2018Millennials have built up quite a list of industries and businesses for which they are responsible for “killing” over the past few years – from restaurant chains and mass-produced beer to starter homes and napkins. Finally, it seems millennials have redeemed themselves in what is arguably the last place one might expect: the frozen food aisle.
June 22, 2018