The Growth of Plant-Based Meat, Cheese, Butter, Yogurt, and Eggs Worldwide

With the global population reaching 9.8 billion by 2050, the demand for animal-based foods is expected to increase by more than 70% of the total demand in 2019. This has posed a great challenge for the agriculture and food industry to provide adequate and nutritious food for the growing population, without negatively affecting the environment.

Topics: Food & Beverage Industry Insights

4 Food Industry Trends to Watch in 2019 and Beyond

The food industry has many large, mature categories, but the competitive landscape is far from static. Food marketers and retailers are constantly strategizing how to profit from the hottest market segments, update their product lines and service offerings, and reel in the most lucrative consumers.

Topics: Food & Beverage Packaged Facts Industry Insights

Virtual Weight Loss Market Grows to $1.4 Billion

The total weight loss market is now worth more than $72 billion, and a growing share of it takes place online and digitally. Technology and increased usage of the Internet and smartphones have changed the way Americans lose weight, and how they access weight loss programs. New companies like Noom have entered the market with apps in attempts to “disrupt” long-established players like Weight Watchers, NutriSystem, and Jenny Craig.

Topics: Food & Beverage Healthcare Industry Insights

Global Disposable Plastics Reduction Initiatives [Infographic]

Single-use plastics have been in the news a lot lately, and the news isn't good. Once vaunted for their convenience, disposable plastic products have come under fire in recent years as evidence of the environmental damage they can cause piles up  sometimes literally.

Topics: Food & Beverage Materials & Chemicals Industry Insights

Top 9 Things to Know About the Weight Loss Industry

The total U.S. weight loss industry hit a new peak in 2018, growing 4% to $72 billion. The largest diet companies are shifting direction and changing ownership as Weight Watchers rebrands itself to its new name WW and focuses more on wellness, Jenny Craig is up for sale, NutriSystem gets acquired by Tivity Health, and Slim-Fast is acquired by Glanbia, a multilevel marketing firm.

Topics: Food & Beverage Pharmaceuticals Healthcare

3 Important Candy Industry Trends to Watch in 2019 & Beyond

With the holiday season in full swing, there's still plenty of time and opportunity to savor a sweet treat or two before the year is out (and the New Year's diet resolutions kick in). 

Often, this indulgence occurs in the form of candy  and not only during the holidays, but year-round. So it should come as no surprise that the chocolate and non-chocolate candy industries are poised to grow 2.8% and 3.7%, respectively, through 2022, according to statistics from Chocolate Candy: U.S. Market Trends and Opportunities, 12th Edition and Non-Chocolate Candy: U.S. Market Trends and Opportunities, two new comprehensive reports from Packaged Facts.

Topics: Food & Beverage Packaged Facts

U.S. Weight Loss Industry Outlook Strong for 2018 and Beyond

There are very few negatives in this year’s outlook for the U.S. weight loss market. The largest competitors are back in high-growth mode, unemployment is down, obesity rates are still high, and more DIY dieters seem to be joining structured programs.

The industry appears to be hitting on all cylinders, propelled by a strong overall economy and continued high demand for weight loss programs by a largely overweight population.

Topics: Food & Beverage Healthcare Industry Insights

Infographic on Milk & Dairy Alternatives: Consumer Trends

More and more people want to go dairy free — at least some of the time. Consumption of non-dairy plant-based milks has increased by triple digits, according to a report by Packaged Facts titled Dairy and Dairy Alternative Beverage Trends in the U.S., 4th Edition

Topics: Food & Beverage Packaged Facts Industry Insights

Will the Meal Kit Delivery Industry Hold Up in a Recession?

The food industry is the latest targeted for “disruption.” With the rise of meal kit delivery services, venture capital firms have been in a frenzy the past three years to find a success story, and profits. However, when the economy turns south, who will be left to pay $10-12 per person per meal for gourmet food?

Topics: Food & Beverage E-commerce & IT Outsourcing

Walmart’s Competitive Advantage: 3 Key Success Factors

Walmart is famous for its ability to deliver “products that are so darn cheap you can’t believe it.” But there’s more to Walmart’s business strategy than low prices.

In a four-part series, the market research firm Packaged Facts examines critical aspects of Walmart’s business model and the factors that motivate consumers to shop there. This article shares key findings from these reports to help explain how Walmart has built and maintained such a strong competitive advantage in multiple industry categories.

Topics: Food & Beverage Financial Services Pets Packaged Facts