Food Processing’s Post

Each week, Just Food brings you a snapshot of the news through data. #food #foodindustry #foodindustryinsight #foodnews #foodbusiness #foodbusinessnews #foodbusinessowner #foodmanufacturing #foodanddrink #foodandbeverage #foodandbeverages #foodanddrinks #foodanddrinkindustry #foodprices #foodproducts #foodproduction #foodinflation #data #datajournalism

In 2023, food inflation impacted everyone 🌍. What's particularly striking though, is the significant difference between the rise in wholesale food prices versus food commodity prices 📈. It's these wholesale prices that directly affect end consumers—often more than they realize. Zitti Inc.'s "2023 in a bite" report shines a light on this issue, revealing that, in the 60-day period ending Q4, wholesale prices for key ingredients paid by restaurants surged dramatically, outpacing the increases seen in commodity markets. For instance: 🥚 Eggs saw a staggering increase of +51% 🍓 Strawberries jumped by +41% 🍅 Plum Tomatoes rose by +14% 🥬 Romaine Lettuce went up by +3% 🍗 Chicken Breast prices decreased by -14% These figures are more than mere statistics; they represent the real challenges and pressures faced by restaurants and, ultimately, the consumers 🍽️. This report serves as a wake-up call, highlighting the urgent need for greater transparency and efficiency in the food supply chain—a mission we at Zitti are wholeheartedly dedicated to. Dive into the full report and discover how we're helping restaurants navigate these challenging waters: https://lnkd.in/gDwdiaha #foodindustry #foodforthought #foodinflation #wholesaleprices #restaurantbusiness #restaurants #restauranttech https://lnkd.in/gyREr6i4?

Shrinkflation is the reduction in the size of a product in response to rising production costs or market competition. Rather than increase the price of a product, companies offer a smaller package at the same price in an attempt to boost profits. Changes are minimal and limited to a small range of products, specifically in the food and beverage industry, yet are still enough to make accurate measures of inflation more difficult to gauge. #shrinkflation #inflation #economy #licentia

The Food market has always been a challenging industry with high volumes and low margins. However, with the rise of the middle class in emerging markets and the need to offer novel experiences to consumers in industrial nations, brands are now facing an even greater balancing act. According to Statista, the projected annual growth rate for the Food market is expected to be 4.89% (CAGR 2024-2028), with revenue projected to reach US$40.07bn in 2024. Are you ready to take on this balancing act and succeed in this dynamic industry. https://lnkd.in/dqweX8dE

What is Destocking and Why Now? SipSource analysts do not expect to see a significant move to increase inventory at retail, but a strong consumer pull would ease our pain. Read the full report here: https://lnkd.in/ew8vTxTB #wine #spirits #news #data #analysis

The Global #Barbeque #Grill Market Size is Anticipated to Exceed USD 8.15 #Billion by 2033, Growing at a CAGR of 4.8% from 2023 to 2033. Read More: https://lnkd.in/gmqH3pxP #food #beverage #foodbeverages #consumer #goods #consumergoods #marketresearch #report #sphericalinsights

The consumer #food products industry has been at the forefront of global supply chain challenges, elevated inflation, and shifting consumer demands. Read our 2024 trends report as we unpack industry expectations for the coming year: https://lnkd.in/dpFYJV8b

The consumer #food products industry has been at the forefront of global supply chain challenges, elevated inflation, and shifting consumer demands. Read our 2024 trends report as we unpack industry expectations for the coming year: https://lnkd.in/gzHdfJUa

July was a very strong month for the meat department, especially on the fresh side. 🥩 With July delivering another strong performance, year-to-date retail meat #sales reached $58.7 billion, an increase of 4%. 🍗 Read the article below for more meat department insights. 👇 https://brnw.ch/21wLSdr #MeatDepartment #MeatIndustry #retail #ConsumerTrends