Read the latest insight and see full market statistics for the US...
Read the latest insight and see full market statistics for the US and Canada, for a comprehensive understanding of shifting consumer preferences and how industries are expected to develop in two of the most affluent, innovative and highest demand cou...
In a cross-category trend, we are seeing unit price hikes supporting value sales in drinking milk products, while volume remains in a slump due to the same inflationary pressures. For most of the food industry, 2022 was a year of declining volumes…
There were two major developments in 2022 that will continue to impact dairy in 2023. The first is unit price increases and consumers’ reaction to it. Since 2021, inflation has been persistent in the US, alongside monthly increases in consumer goods.…
In the upcoming years, consumers and businesses face an array of challenges, with income inequality, mass migration and rising uncertainty about another crisis being among the major ones. Nevertheless, within this lie untapped opportunities. This…
Retail volumes remain in negative figures in cheese in 2023, while value sales are supported by hikes in unit prices. Indeed, 2022 marked a difficult year for consumers, as they saw consistent monthly unit price increases throughout the year, leading…
Value growth in butter and spreads is attributed to skyrocketing unit prices across all subcategories. While some of the trends here can be traced to fast-moving consumer goods (FMCG) industry-wide embrace of a “price-over-volume” strategy,…
2023 is showing continued inflationary pricing – particularly so in the case of formula, where. producers leveraged pricing to regain losses suffered during 2022 shortages. Although Abbott Laboratories Inc’s temporary production halts increased…
Alcoholic drinks packaging declined in the retail channel, increased in the foodservice channel and saw only minimal growth overall in Canada in 2022. While shifting consumer preferences towards premium and craft beverages have been seen in recent…
Ageing, urbanisation and migration remain the major drivers shaping the global population. The number of seniors worldwide was increasing in 2022 and is expected to continue growing to 2040. The number of births is declining globally due to falling…
Wearable electronics experienced modest growth in retail volume terms in 2023. Demand continued to be impacted by a high rate of inflation, at least during the first half of the year, which led to more guarded discretionary spending. Continuing the…
Retail volume sales of portable players increased in 2023, thanks to better economic conditions, which impacted positively on discretionary consumer spending. Wireless speakers were the key beneficiary of this trend, with a growing demand for these…