According to FMI, 85% of meat shoppers consider at least one better-for attribute when buying meat.

IFPA CEO Cathy Burns met with Canadian Prime Minister Justin Trudeau to discuss consumer food affordability in the US and Canada.

Consumers have a variety of priorities in how they spend their food dollars, and they’re trying to find a balance between money, time, taste, nutrition and experience. 

According to the New York-based consultancy, the forecasted nominal growth in US retail sales is the lowest this year since 2018 at 3%.

Minimizing costs while maintaining product quality is critical but can be difficult to accomplish.

Extending the shelf life of baked goods reduces food waste and controls costs. Chemical preservatives, such as calcium propionate, and emulsifiers, such as DATEM and SSL, have been very cost-effective at achieving these goals. However, consumers are rejecting them as they seek out foods with natural claims. 

US Foods has announced the launch of its Fall 2022 Scoop, themed “Money Making Menus – Products Positioned for Profits.” 

Flavors, whey permeate and phage test kits are all ways food formulators may respond to rising dairy ingredient costs.

With global meat prices continuing to rise, as the FAO Food Price Index reports, consumers and the industry are looking to reduce costs, such as by focusing on underutilized pork products.

The spending gap between higher- and lower-income households is becoming more pronounced as food inflation reaches a 40-year-high.