SINGAPORE, Dec. 8, 2022 /PRNewswire/ -- Mintel, the experts in what consumers want and why, has today announced four key trends that will shape global food and drink industries in 2023 over the next five years and beyond. Centred around space, climate change, mental performance, and the overwhelmed consumer, this year's trends make recommendations for brands to reassure consumers who continue to be challenged to adapt to a precarious world. Looking ahead, Rebecca Vella, Director of … [Read more...] about Mintel announces Global Food and Drink Trends for 2023
Market Trends
Increased Consumption of Processed Food Due to Changing Lifestyles Parallelly Escalating Use of Sensory Additives, Says Fact.MR
According to Fact.MR, a market research and competitive intelligence provider, the global sensory additives market is estimated at US$ 23.4 billion in 2022. It is expected to expand at a CAGR of 4.4 percent across the forecast period of 2022 to 2032. Due to the pandemic, the relationship between consumers and food has changed significantly. With fewer options for dining out, social networking sites emerged as a secure alternative for people to satisfy their food cravings. Cookery shows, … [Read more...] about Increased Consumption of Processed Food Due to Changing Lifestyles Parallelly Escalating Use of Sensory Additives, Says Fact.MR
Kerry showcases good performance, revenue shows 15.2% organic growth
Kerry’s financial results for the first half of 2022 increased by 13.3 percent to € 4.1 billion (US$4,19 billion), showcasing an organic growth of 15.2 percent overall. The ingredients company celebrates the overall performance and hopes this will continue despite the concerns over inflation and geopolitical uncertainty, shares its CEO, Edmond Scanlon. “Volume growth was solid in both retail and foodservice channels, driven by an increased level of innovation … [Read more...] about Kerry showcases good performance, revenue shows 15.2% organic growth
