Many consumers are looking to reduce their consumption of meat and animal products as part of a “plant-based” diet. These consumers are not only driven by the desire to improve their own health, they are often leery of the industrial food system, concerned about animal welfare, and worried about the threat of climate change.

Sales of major beverage categories are expected to grow from $150 billion to more than $160 billion by the end of 2020, according to a new report titled U.S. Beverage Market Outlook 2020: Grocery Shopping & Personal Consumption in the Coronavirus Era by Packaged Facts, a leading market research firm and division of MarketResearch.com.

In a recent video interview, Packaged Facts Research Director David Sprinkle sat down with Senior Analyst David Lummis to discuss the top pet food industry trends in 2020 and the impact of the COVID-19 pandemic on the market.

Nearly 72% of U.S. adults are overweight or obese, according to the Centers for Disease Control and Prevention (CDC).

But what percentage of overweight or obese adults are actively dieting? And what are the motivations driving this behavior? Do age groups differ in their dietary concerns?

The global breakfast cereal market is expected to grow 3% per year to reach $40 billion in 2023, according to new research and analysis from Packaged Facts, a leading market research firm and division of MarketResearch.com.

Breakfast cereal is a highly penetrated category in mature markets such as the U.S., but there is plenty of room for growth, particularly in Asia, Africa, and the Mideast, as Western diets become more common across the world.

The U.S. beverage industry is competitive with many large, mature categories. Finding new growth opportunities is a key concern for beverage companies large and small.  

These days, retailers are pushing much more than just merchandise. It’s common for sales associates to invite customers to sign up for a private label credit card, also known as a store card, in exchange for a discount on an initial purchase.

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.

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.

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.