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Food Industry M&A Inched Upward in 2016

In Trends by Krista Garver0 Comments

The food industry saw 505 mergers and acquisitions in 2016, according to the Food Institute as reported by Food Processing. This is up a smidge from 2014, which saw 503 deals, but still way below the record of 813, recorded in 1999. Among industry segments, food processors were the most active, beating their 2015 M&A activity by 6%. This movement was …

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Availability, Quality, Delivery Top Factors When Selecting Replacement Part Suppliers

In Research, Trends by Krista Garver0 Comments

Product availability, product quality, and on-time delivery are the three most important factors for food processors selecting suppliers for replacement parts, according to the most recent study by Food Engineering. Lowest price, electronic ordering and order tracking, and national or global service capabilities ranked at the bottom. The survey also found that processors are spending less on replacement parts. More than half …

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Consumers Hold Food Companies Responsible for Healthy Diets

In Research, Trends by Krista Garver0 Comments

Globally, nearly 9 in 10 consumers say that food companies are responsible for ensuring their diet is healthy, according to a study by Surveygoo and Ingredient Communications, as reported by New Food Magazine. The survey explored where consumers put the burden of responsibility for food healthiness, as well as where consumers get their information about food. Consumers in western countries …

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Ag Producer Sentiment Strengthened in July

In News, Trends by Kristen Runvik0 Comments

Following months of stagnation, ag producer sentiment got a boost in July, as reported in the latest Purdue University/CME Group Ag Economy Barometer. The overall ag producer sentiment barometer hit 139 last month — the second highest level since the barometer began in October 2015. While the year started with ag producers feeling optimistic about the future, they are now …

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Study: Confusing Food Labels Cause Household Disagreements

In Research, Trends by Krista Garver0 Comments

Almost 6 in 10 Americans report having household discussions about the meaning of food date labels, and 4 in 10 say they’ve had disagreements about whether to keep a food product or throw it away, according to a new poll from the Grocery Manufacturers Association (GMA) and Food Policy Action Network. Earlier this year, the GMA along with the Food Marketing Institute …

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No Longer Forgotten: Gen X May Be Important Driver of Food Industry and Restaurant Growth

In Trends by Krista Garver0 Comments

We Gen Xers have been forgotten for a long time. As a generation, we’re smaller than both the Baby Boomers and the Millennials. That means we’re frequently neglected by the people who design new technologies, make TV shows and movies, and develop new food products. But new research suggests that this might be about to change. Last year, the Department …

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Food Prices Steady in June Despite Rising Cost of Beef: CPI Data

In News, Trends by Kristen Runvik0 Comments

After five months of increasing food prices, the numbers in June are unchanged compared to May, says the latest Consumer Price Index for All Urban Consumers (CPI-U) report, released on Friday. Read on for more food-related details from the report. Food at home prices fell Eating at home was more affordable for consumers last month, as five of the six …

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What’s Behind the Growing Alternative Protein Market?

In Research, Trends by Kristen Runvik0 Comments

As population growth outpaces the world’s food supply, smart food manufacturers need to develop new protein sources out of plants, algae, and insects to rely less and less on livestock, according to CB Insights’ Feeding the Future report. By 2050, the global population will reach 9.6 billion people (we’re currently at 7.5 billion) and available calories need to increase by …

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Global Food Prices Continue Upward Trend in June

In News, Trends by Kristen Runvik0 Comments

Global food prices continued to rise in June following an uptick in May, according to the Food and Agricultural Organization’s (FAO) Food Price Index released last week. The index measures global monthly changes in cereal, vegetable oil, dairy, meat, and sugar. Dairy, cereal, and meat are to blame for global price increases (sugar and vegetable oil prices dropped in June). …

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Ag Producer Sentiment Stable in June Despite Spring Weather Woes

In News, Trends by Kristen Runvik0 Comments

Agricultural producer sentiment held steady for the third month in a row, according to the Purdue University/CME Group Ag Economy Barometer, released on Wednesday. The barometer slightly rose between the May and June surveys. Overall, sentiment remains well over levels recorded prior to November 2016. Most ag producers (60%) reported feeling better about their farm operations’ finances now than they …