This year’s Sweet and Snacks Expo in the US, hosted by the National Confectioners Association, showcased the industry’s enhanced innovation capabilities and refocus on providing value to the consumer. Sensorially stimulating formats, bold and beloved flavours, and purpose-driven dialogue were major takeaways from the show.
The pet care industry has been undergoing digital transformation. The global market value size of pet care is set to reach USD207 billion in 2025, presenting great opportunities to embed finance across the key phases in the customer journey.
While cost still dominates many people’s food choices, factors such as health positioning, demand for convenience and sustainability are all playing a key role in consumers’ decisions. Fresh food’s health credentials are strengthening further, as ever more consumers become concerned about processed food; however, this positive for the industry must be weighed against the continued tough spending environment.
The expansion of private label products in packaged food continues across Latin America, driven by a positive growth cycle fuelled by the uncertain and challenging macroeconomic environment, consumers’ increasing need to cut costs, the transformation of the retail landscape, and the clear business advantages retailers gain by introducing private label products. In this article we provide insights about this development.
Just as the industry thought it was entering a period of normalisation, following COVID-related declines, supply chain disruptions, and the aftermaths of the cost-of-living crisis, geopolitical pressures and market uncertainty are seemingly the certain things, moving forward. For consumers, this means snacking habits will be tested and manufacturers will need to be more precise, flexible, and aligned with their needs.
Cell-cultured meat has been variously touted as a solution to world hunger, a fix for the climate crisis, an alternative to animal slaughter and a guarantee of food security. At the same time, however, others see it as an unnatural and potentially dangerous addition to what we eat.