Superior Foods’ Post

The AFFI and FMI- The Food Industry Association's Frozen IQ conference focused on the trends and avenues for growth in the #frozenfood industry. Throughout the 1 1/2 day event, industry experts took a look at today's consumers and provided some key insights: 💡 Frozen food provides big wins for the value-conscious shopper! Stacey Fowler with Schwan's Company shared how their successful Asian product lines help consumers get more out of their money, thanks to affordable premiumization. 💡 Amy McClellan with SpartanNash discussed how retailers can connect to their customers and meet evolving needs with new private label offerings, pointing to their well-performing new premium pizza line. Read more takeaways from Frozen IQ in Progressive Grocer: https://lnkd.in/enBZd6Xe

Great to share our insights and talk with Stacey Fowler, EVP of R&D at Schwan's Company and Suzy Monford, CEO of Food Sport International on the value conscious consumer American Frozen Food Institute and FMI- The Food Industry Association's FrozenIQ Conference earlier this week. One conclusion: nearly every US consumer is now value conscious - and while value goes well beyond price, price seeking behavior is accelerating across consumer segments. #alixpartners #fmi #affi #cpg https://lnkd.in/gyjUHnH6

Can frozen food still win the hearts of consumers in 2024? 🔎    🍕 The pizza segment has regained its momentum with an 11% increase, helped by reassuring and healthier offerings.    🍦 Ice cream sales grew by 7.4% in 2023, despite a drop in volume. Innovations continue to play a key role in this sector.    📊 Inflation has had a strong impact on demand, with prices up 9%, leading to a 5% drop in rotations.    🍽️ Individual dishes are gaining in popularity, buoyed by the rise of teleworking and initiatives such as Picard and Écomiam.    💡 Innovation is at the heart of the savoury category, with 8.1% of food innovations in 2023 coming from this segment, thanks to brands such as Cassegrain and Marie.    👉 Can innovation revive the frozen food category for good? Let’s discuss! 💬    𝘚𝘰𝘶𝘳𝘤𝘦 : 𝘓𝘚𝘈  __________________________   👍 If you enjoy the news, don’t forget to ✨ 𝑳𝒊𝒌𝒆 & 𝑺𝒉𝒂𝒓𝒆 ✨    ➡️ For further articles, visit our website:  https://lnkd.in/eUcpVQeq #FrenchRetail #FoodExpert #FoodMarketing #ExportFrance #FoodTrends #Frozen #Innovation 

We are featured in Speciality Food's latest article, "How to Prepare for Christmas in Fine Food Retail". 🎅 From understanding consumer preferences to capitalizing on emerging trends, this article is your go-to guide for a successful holiday season in fine food retail. Ready to deck the halls and boost your sales? Read the full article here✅: https://lnkd.in/dwQHQuqX #ChristmasRetail #FineFood #HolidaySeason #FutureMarketInsights

Traffic continues to pick up around the perimeter, according to research from FMI - The Food Industry Association. The Washington, D.C.-based trade group is out with its latest report, "The State of Fresh Foods 2024," showing that 42% of food retailers’ sales in 2023 came from fresh departments. Indeed, shoppers tend to stop their carts at many of those fresh food points. Produce and meat departments remain perennial attractions, each capturing 11% of fresh sales, per The State of Fresh Foods report. Dairy sections followed at 8%, followed by the deli (4%), fresh prepared (3%), in-store bakery (3%) and seafood (2%) areas. There is room for additional growth in fresh foods, the report affirms. While grocers contend with ongoing challenges such as shrink and labor, they are simultaneously eyeing new strategies like adding specialty fresh experts (think “produce butchers” and cheesemongers) and touting fresh offerings in their foodservice programs. For example, 79% of retailers are increasing space for fresh grab-and-go selections and 30% report that they are adding more labor to their fresh foodservice-at-retail sections.

California Trays® - Increase Your Margins Fresh categories are driving nearly 49 percent of all dollar growth across fast-moving consumer goods (FMCG), with fresh and perishable foods generating more than $177 billion in sales. In addition, fresh food generated more than 14 times more in sales than all other beverage and food sales online. With these type of numbers, it makes sense to protect your number one margin generator.  A 1% reduction in shrink can represent millions of dollars!

What are the latest trends in the world of frozen food? We spoke to experts who discussed the growing consumer interest in the category, the impact of new products, and the growth opportunities for retail private label offerings. https://lnkd.in/eW9Zmddf #frozenfood #grocery #retail #privatelabel

It’s on! First big #foodshow of 2024. Specialty Food Association #fancyfoodshow. Can’t wait to see what’s new for #retail, and if inflation has impacted the kind and type of food that’s trending! #foodandbeverage #winterfancyfoods #fancyfood #retail #foodservice #cpgbrands

#Frozen_Bakery_Products Market Projections Indicate Moderate CAGR from 2023 to 2032 https://lnkd.in/dcNwpVnq The key driver impacting the #frozen #bakery #products #market is the rise in #demand for frozen food products. Frozen foods recorded an amount of $65.1 billion in retail sales in 2020. It shows a rise of 21% compared to 2019 as per the #Food #Industry Association (FMI) and the American Frozen Food Institute (AFFI). General Mills Grupo Bimbo Europastry Conagra Brands Kellogg Company Associated British Foods plc Vandemoortele Premier Foods Group Limited Ingredion Incorporated Cargill Flowers Foods & Subsidiaries Bridgford Foods Cole's Quality Foods, Inc. Dawn Foods Global #Frozen_Bakery_Products #food_and_beverages #business_opportunities #marketanalysis #marketresearch #opportunities #business #future #frozen #bakery #products

“The market researcher Circana is forecasting that after three years of food and beverage volume sales decreases, the market will see modest volume growth in 2024. Market dynamics seen supporting the growth include a continued easing of inflation, an improving macroeconomic environment and food and beverage manufacturers growing their promotional investments to entice consumers.” #foodandbeverage #foodandbeverageindustry