Wealth & Demographic Trends: 3 Key Facts About the Affluent

Years after the Great Recession, household growth in the U.S. is on the rise – and skewing heavily toward higher income families.  According to Affluent and High Net-Worth Americans, a recent white paper from Packaged Facts, post-recession household growth is most pronounced among affluent households, which grew by 90% from 2010 to 2019.

Topics: Financial Services Packaged Facts Industry Insights

CBD: A Hot New Trend in Pet Wellness

Cannabis and cannabis-derived products are smoking hot topics in the U.S., where several states have loosened previously stringent regulations regarding the possession and use of medicinal and/or recreational marijuana.

As a result, cannabidiol (CBD) – a compound found in hemp plant oil, purported to offer myriad health benefits like anxiety relief, nausea control, cancer prevention, and inflammation reduction – is more popular than ever before. 

Topics: Pets Packaged Facts Industry Insights

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

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

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

3 Grocery Industry Trends Focused on Health & Wellness

For many of today's consumers, food is considered an essential component of overall health & wellness. Grocery shoppers are not only looking for clean-label, "free-from" foods, they're also seeking products with added health benefits such as disease prevention and weight loss. 

Topics: Food & Beverage Packaged Facts Industry Insights

4 Pet Industry Trends to Watch in 2018 and Beyond

The U.S. pet industry reached $86 billion in 2017 and continues to have a strong growth trajectory, according to a comprehensive new report by Packaged Facts titled U.S. Pet Market Outlook, 2018-2019.

While sales of pet products and services rose nearly 5% last year, threats of disruption keep industry players scrambling to adjust to a rapidly shifting market landscape.

Topics: Pets Packaged Facts Industry Insights

Dairy Alternatives Move to the Mainstream

More consumers are trying out plant-based dairy alternatives. This trend is connected to concerns about health and wellness, environmental sustainability, and animal welfare.

Some consumers seek dairy alternatives because of food intolerances, allergies, or vegan diets. Others choose dairy alternatives as part of the “clean eating” regimes often touted by social media stars and food bloggers.

Topics: Food & Beverage Packaged Facts Industry Insights

9 Leading Pet Companies in the U.S.

In case you haven’t already heard, Packaged Facts released a downloadable PDF that describes the top 9 pet companies in the U.S. in 2018 — including retailers, pet product companies, pet food manufacturers, and petcare companies — that have the highest estimated revenues.

Topics: Pets Packaged Facts Industry Insights

4 Disruptive Food Industry Trends to Watch in 2018

Grocery retail has never been more cutthroat. With razor thin profit margins and new pricing pressure from Amazon, Lidl, and ALDI, U.S. food retailers must adapt quickly in order to remain competitive and appeal to shifting consumer preferences. 

Based on the latest studies by the market research firm Packaged Facts, here are four disruptive food industry trends to keep on an eye on in the coming months and years. 

Topics: Food & Beverage Packaged Facts