Value-seeking trend set to stay, says analyst
Consumers are unlikely to revert to ‘unsustainable’ spending habits when the economy recovers, according to a food and agribusiness expert at Rabobank.
News & Analysis on Food & Beverage Development & Technology
Consumers are unlikely to revert to ‘unsustainable’ spending habits when the economy recovers, according to a food and agribusiness expert at Rabobank.
GSB Flavor Creations has been releasing a variety of ‘shuffled’ flavors in recent months, to develop “unusual yet complementary tastes”, which it says is “like choreographing a dance”: Now it is characterizing them as specific well-known dances.
Prices for key commodities used by food manufacturers may have eased since their peaks last year, but the cost of cereals and vegetable oils in the near term will remain far higher than pre-2008, projects the OECD.
Almonds have usurped peanuts as the number one nut ingredient for new product releases, according to Mintel’s Global New Products Database.
When shopping, consumers very quickly decide on a brand’s worth and unless they are making positive ticks in their minds to an array of factors, it is likely they will pass your functional food by, according to a leading consultant.