What we’re reading - A healthier way to feed your cat: Hide its meals, says The New York Times

Packaged Facts covers cat food across our catalog of pet products & services reports. Save 10% on any pet report through October 1 with discount code PETSUMMER10.

July 26 – Much like people, cats need portion control. They need regular exercise. And some experts even say they really should be in charge of their own feeding schedule.

Taken together, these factors boil down to the notion that cats should not be eating from bowls. Plopping a scoop of food into a bowl is not enough!

In their natural environment, cats eat about 12 times a day, feasting on small prey like mice and birds that are appropriate for their stomachs, which are about the size of a table tennis ball. They also toss their prey around in a form of play that is essential to their well-being.

Read more at: http://www.nytimes.com/2016/07/24/business/a-healthier-way-to-feed-your-cat-hide-its-meals.html?_r=0

Expanding the reach of Asian noodles

Save 10% on Asian Noodles: U.S. Market Trends and Opportunities using code PFNOODLES. Purchase the report here.

July 18 - Generally speaking, consumers express interest in new culinary experiences; however, some trepidation remains when it comes to actually trying different foods from other cultures. Through innovation, Asian noodle marketers can help bridge the gap between interest and trial, according to Packaged Facts in the report Asian Noodles: U.S. Market Trends and Opportunities.

David Sprinkle at IFT16: A new paradigm for healthy fats and oils

July 11 - Have your healthy fats and learn about them too. A new paradigm is emerging for the use of fats and oils in healthier foods and diets. Packaged Facts research director David Sprinkle will present at this year’s annual Institute of Food Technologists (IFT) convention as part of a session delving into how oils contribute to healthier foods and snack products by looking at the latest data on consumer insights, nutrition, policy-making, and functional solutions.

IFT16 will be held in Chicago from July 16-July 19. Mr. Sprinkle will present Sunday, July 17 at 2:05 p.m. The presentation title is Consumer Insights: The Demand for Healthier Ingredients.

Find out more here

What we’re watching - Slideshow: Grain innovations in snacks, bowls and burgers

Grains are great and so is this latest Packaged Facts webinar. View Innovation with Grains Webinar by clicking here.

June 5 - Grains are appearing in cheeseburgers, salad bowls and snacks, said Kara Nielsen, a culinary “trendologist” in a June 28 webinar titled “Innovations with Grains” from Rockville-based Packaged Facts. While interest in gluten-free grains continues to present new product opportunities, sprouted grains are starting to enter mainstream markets, and people are showing an interest in local, niche grains, too, she said.

Ms. Nielsen said companies should make use of health claims centered on grains, especially whole grains. Consumers, who understand and are familiar with grains, may trust the claims.

“It’s a really exciting grain world,” she said. “Even though it can be a totally mainstream item, we’re still seeing a lot of news.”

What we’re reading - BREAKING: Mondelez bids to take over Hershey

Packaged Facts covers the American chocolate market in Chocolate Candy in the U.S., 10th Edition..

June 30 - Mondelez recently approached Hershey about the proposed takeover via letter, people familiar with the matter told The Wall Street Journal.

The same concerns surrounding the rumored Nestle takeover apply here: Mondelez will need to secure approval for the takeover from the charitable Hershey Trust foundation, which controls 81% of the company's voting power. The trust can block any unwanted buyer and has opposed past attempts to sell the company.

It's unclear whether Mondelez is a more appealing buyer to Hershey than Nestle. Earning the Trust's approval could turn into a hurdle Mondelez will need to overcome by incrementally sweetening its deal, as was seen in other recent takeover bids, such as Anheuser-Busch InBev and SABMiller, or even failed takeover attempts, like McCormick and the UK's Premier Foods.

Read more at: http://www.fooddive.com/news/breaking-mondelez-bids-to-take-over-hershey/421889/

Millennials: Unbanked but bankable?

Packaged Facts is your trusted source for market research on the financial services industry. We cover topics ranging from financial services for small businesses to debit & credit cards to mobile payments. See our full catalog of related reports here.

June 27 - Survey analysis performed for Packaged Facts’ Underbanked and Unbanked Consumers report suggests a clear general trend away from having checking and savings accounts at traditional banking institutions even while consumers eschewing these accounts use banks for other products and services. This trend challenges the long-standing banking model that frames checking and savings accounts as the foundation for broader, deeper customer relationships.

Our research suggests that these “unbanked” consumers (those we define as having neither a checking nor a savings account) include those who have been underserved or shut out of traditional banking channels for financial reasons. 

Millennials get ready to bring up fur baby

See more Packaged Facts reports focused on Millennials here.

June 20 - The Millennial generation has become a driving force in the American pet industry.  Between 2007 and 2015, Millennials were responsible for 43% of the growth in the number of pet owners in the United States.  The 43 million pet owners in the 18- to 34-year-old age group now account for around one in three pet owners, according to Packaged Facts in the report Millennials as Pet Market Consumers.

Millennial consumers will play an even more significant role in the pet industry over the next decade.  The accelerating aging of the American population threatens to shift the consumer landscape for the pet industry because pet ownership traditionally has declined precipitously after the age of 60.  Although aging Boomers will still account for the largest share of growth in the population of pet owners, Millennials will play an increasingly vital role in the market for pet products and services.  According to Packaged Facts National Pet Owner Survey data, more than four in 10 (44%) Millennials don’t have a pet now but hope to have one in the future.  Packaged Facts projects that the Millennial generation will be responsible for adding 2.6 million pet owners between 2015 and 2020.  

The big reversal on GMO labeling

Packaged Facts delves deeper into this topic in the recent report Food Formulations: Ingredients Consumers Avoid. View the report abstract and table of contents here.

June 10 – Americans seem to have lost their trust in large institutions: government, banks, and corporations. By fighting against GMO labeling, the food industry may have given more credibility to the notion that something is wrong with GMO ingredients than the anti-GMO forces were able to do. The companies that spent hundreds of thousands of dollars fighting Prop 37 and the state-by-state efforts that followed might have done better for themselves with consumers by going along with GMO labeling four years ago when it would have seemed more credible for them to say, “GMOs are safe but we’re happy to give you what you want.”

Sweet savings on National Donut Day

June 3 – Packaged Facts is offering a sweet deal in honor of National Donut Day. Save 10% on the best-selling report Sweet Baked Goods: U.S. Market Trends through June 10.

Use promo code PFDONUT at checkout.                      

For information on Sweet Baked Goods: U.S. Market Trends, including the abstract and table of contents, visit: http://www.packagedfacts.com/Cheese-Natural-Specialty-10037152/

Packaging innovations help sell foods and beverages

Save 10% on Food and Beverage Packaging Innovation in the U.S.: Consumer Perspectives with discount code PFFBPICP through July 1.

June 1 - Dramatic changes in demographics, lifestyles, and eating patterns are helping to drive packaging innovations. Among the mega-trends feeding into package development are changing population distribution, fewer married couples, more people living alone, smaller household size, and multi-generational households. These demographic shifts are leading to changes in household dynamics and eating behaviors, such as multi-shopper households, more meals being eaten alone, and snacking more often and on more occasions. Also changing is the balance between perishable foods merchandised in stores’ so-called “perimeter departments” vs. shelf-stable and frozen foods merchandised in the center-store aisles. Yet another influence is the rise in smaller-footprint stores.

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