The latest generation of young adults and adults-to-be coming into the marketplace comprises more than a quarter of the U.S. population, is the most racially and ethnically diverse one so far, spends a good deal of time online, has not known a world without the internet and smartphones, is driven by social causes, and is expected to have $33 trillion to spend by 2030 (bypassing Millennials in collective spending power by 2031).
Gen Z, born between 1997 and 2012 and aged 11 to 26, take their perso…
Global flavors, nostalgia, and better-for-you innovations add zest to the breakfast occasion.
News items about the food system
Worn down by inflation and uncertain economic conditions, food and beverage shoppers want products that deliver tangible benefits per dollar.
Retailers are expanding and upscaling their private brand assortments as more consumers seek high-quality products at reasonable prices.
With consumers increasingly looking for enhanced nutrition, the functional foods market must find a way to balance the addition of in-demand ingredients with minimal processing.