Rooted in the better-for-you foodservice trend, consumer appetite for plant-based products is continuing its growth spurt. Given the prevalence of a more mindful approach to food consumption, especially among wellness-oriented millennials, plants seem to have found ample fertile ground for market growth.
With 76% of U.S. adults surveyed in agreement that plant-based foods are healthy, many consumers find them an important asset that helps them maintain or improve their well-being, according to the market intelligence firm Mintel.1 Consumers surveyed find plant-based protein an advantage that helps them achieve wellness goals like weight management (31%).1
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Topics:
Millennials,
Global,
Appetizers/Snacks,
Snack,
Better-for-You,
Plant-Forward,
Flavors & Ingredients,
Menu Strategy,
Operations
In a jam when it comes to boosting sales? Chances are jelly can spread them thick and sweet. Expected to reach $8.7 billion by 2021, the global jam, jelly and preserves market is projected to grow at a 3.2% compound annual growth during a six-year forecast period.1
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Topics:
Millennials,
Snacking,
Trends,
Global,
Appetizers/Snacks,
Snack,
Non-GMO,
Flavors & Ingredients
Foodservice may be in flux, what with shifting demographics, economic unpredictability and technological advances. But while foodservice operators can sometimes feel like their plates are piled high with uncertainty, there’s one thing they can count on: Flavor is always in favor, and 2018 is poised to be no exception. In fact, it seems on course to serve up a flavor fest.
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Topics:
Millennials,
Global,
Gen Z,
Baby Boomers,
Foodservice Industry,
Flavors & Ingredients
Given the insatiable millennial appetite for exciting new flavor experiences and interesting twists on traditional favorites, a fresh idea in ice cream should be milked for all it’s worth—and it could be worth a lot. According to the International Dairy Foods Association (IDFA), about 1.54 billion gallons of ice cream and related frozen desserts were produced in 2015 alone, and the average American consumes more than 23 pounds of ice cream yearly.1
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Topics:
Desserts,
Millennials,
Global,
Shakes/Frozen Beverages,
OREO,
Food & Beverage,
ice cream
Life, liberty and the pursuit of snacking have always been a big deal in America. But Asia is rapidly becoming the land of opportunity for the foodservice industry and snack manufacturers as economic, technological and cultural transformations open markets and new business horizons.
A case in point is the Asia Pacific region. In the second offering of Food Industry Asia’s Lunch Series held in Singapore last year, global market intelligence agency Mintel identified four overarching trends that it anticipates will help drive food and drink consumption in the region in the coming years.1 Gleaned from the work of more than 100 Mintel analysts with a global reach across the food, drink and foodservice industries, the trends were parsed in a presentation by Avanthi Ravindran, senior trend and innovation consultant at Mintel South-East Asia and India.1
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Topics:
Promotions,
Global,
Regional,
Better-for-You,
Social Media
