Sixty percent of U.S. adults currently report drinking alcoholic beverages such as liquor, wine or beer, marking a decrease from 65% in 2019 when the measure was last tracked. This puts current alcohol consumption on the low end of the…
Category: Food/Beverages
U.S. Soup Sales to Drop as Consumers Eschew Canned Foods for Fresher Options
U.S. demand for soups and stews is projected to decline at an average annual rate of 2.3% in nominal terms through 2025, according to Soups & Stews: United States, a report recently released by Freedonia Focus Reports. The COVID-19 pandemic…
Citing Quality and Health Benefits, Americans Eat More Fresh Products
Bad news for producers of processed foods: A new survey of more than 1,000 U.S. consumers showed that, compared to three years ago, Americans are consuming more fresh products, including fruits, vegetables, meats and cheeses. The national trend away from…
U.S. Bar and Nightclub Revenue Seen Growing 2.9% This Year
Disposable income is expected to rise this year, and that means people will be able to spend more at bars and nightclubs, according to a new report from IBISWorld, a consultancy which projects U.S. bar and nightclub revenue growing 2.9%.…
America’s Favorite #GameDay Snacks, By State
You won’t believe what people snack on while watching football. To be sure, when most football loving Americans think of game day snacks, they imagine pizza, wings, and beef. But some states seem to prefer pancakes, pumpkin and even veganism,…
Millennials’ Adult Beverage Choices Evolve as They Mature
With nearly three in 10 U.S. adults being Millennials of legal drinking age, the Millennial generation (born between 1977 and 1992) is a crucial demographic for bev/al marketers. Donna Hood Crecca, senior director at Technomic, calls them “ideal adult beverage…
Restaurant Sales Surpassed Grocery Store Sales for the First Time
Monthly sales at restaurants exceeded grocery stores sales for the first time on record, the National Restaurant Association noted today. In his latest Economist’s Notebook commentary, the National Restaurant Association’s Chief Economist Bruce Grindy breaks down industry sales trends: For…
Debunking the Myth of the “Typical” Hispanic Food Shopper Is Key to Market Growth for U.S. Retailers
Spending on food at grocery and other food stores by Latino consumers has risen more than 80% over the past 10 years, a growth rate more than double that of U.S. consumers on average. Hispanic food shoppers now represent a…