U.S. Weight Loss Industry Grows to $90 Billion, Fueled by Obesity Drugs Demand

The total U.S. weight loss market is estimated to have grown to a historic peak of $90 billion in 2023, boosted by soaring sales of the popular prescription GLP-1 weight loss drugs. This is a major paradigm shift toward medical programs, and a major challenge for competing commercial diet companies, which lost $1+ billion in revenues since 2022.

Topics: Food & Beverage Pharmaceuticals Industry Insights

Why Scanner Data Often Falls Short and What to Use Instead

Many companies commit substantial financial resources to obtain detailed information on product sales through scanner data. However, scanner data does not always live up to its promised potential. Deeper, more actionable insights are often required to create strategies for innovation and growth.

Topics: Market Research Strategy Food & Beverage Market Research Provider Pets Packaged Facts How To's

The Biggest Food Industry Trends You Need to Know About

Consumers are concerned about high prices at the grocery store, but this issue is only one trend shaping the overall market landscape in 2023.

Investors and food industry players should take note of several other important food trends that have grown recently and are expected to gain further traction in the coming years, according to Food Market Outlook: Inflation, Sustainability, Convenience, & Other Food Trends by Packaged Facts, a leading market research firm and division of MarketResearch.com. The report highlights the following food trends.

Topics: Food & Beverage Packaged Facts Industry Insights

8 Key Beverage Industry Trends to Watch

The U.S. beverage industry has faced a variety of issues in recent years including increasing prices, supply concerns, and the mature nature of many beverage categories, according to the report U.S. Beverage Market Outlook 2023: Inflation, Home Delivery, Health Halos & Other Trends by Packaged Facts, a leading market research firm and division of MarketResearch.com.

Topics: Food & Beverage Packaged Facts Industry Insights

Growing More with Less: The Success of Indoor Farming in the Last 20 Years

With the rise of the global population, the need for food has grown exponentially, revealing the shortcomings of traditional farming methods. Climate change, soil degradation, and water scarcity are just a few of the challenges that farmers face today.

Topics: Food & Beverage Industry Insights

U.S. Weight Loss Market Partially Recovers from the Pandemic

The U.S. weight loss market has grown 16% from 2020, to $75 billion, recovering much of the ground lost to the Covid-19 pandemic. However, many competitors have had to shift to virtual delivery of services, changed their operating models, and are just now recovering from supply chain disruptions.

Topics: Food & Beverage Industry Insights

Key Facts About the Global Cloud Kitchen Market

Cloud kitchens are platforms that offer a wide range of foods, drinks, and cuisine items intended for delivery only. The thriving food-delivery ecosystem served as the central pillar for cloud kitchens, also referred to as "ghost kitchens" or "virtual restaurants"—however, different countries follow various terminologies when they define this term.

Topics: Food & Beverage Industry Insights

The Four Largest U.S. Weight Loss Markets

Weight loss industry data at the national level is hard to obtain and analyze. There is no national trade association for the weight loss industry. At the state level, it’s even more challenging. Within the state, there are significant differences from county to county.

Topics: Food & Beverage Healthcare Industry Insights

Robust Growth Predicted for Global Protein Supplements Market

The global protein supplements market is projected to reach USD 37.19 billion in 2027, according to a recent report published by Mordor Intelligence titled Protein Supplements Market.

Topics: Food & Beverage Industry Insights

How IoT-Based Smart Crop Monitoring Systems Help Maximize Farming Productivity

Protection of crop yield is one of the most challenging concerns faced by farmers.

Topics: Software & Enterprise Computing Food & Beverage Manufacturing & Construction Industry Insights