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How Blue Apron Became a Startup “Unicorn”

In News, Processing, Trends by Heather Brown0 Comments

A “unicorn” in startup lingo is a privately held company valued at $1 billion or more. Blue Apron is one of those companies, and they’re disrupting and redefining the food industry supply chain. According to Fortune’s recent profile, Blue Apron leads the meal kit delivery service revolution with companies like Chef’d, HelloFresh, and Marley Spoon (with Martha Stewart). Most of …

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A Great State Fair for Food and Beverage Revenue

In News, Trends by Heather Brown0 Comments

Minnesota State Fair food and beverage sales topped $50 million over a 12-day run, the Minneapolis Star-Tribune reported yesterday. According to average attendance, the fair is “the single largest attraction in the English-speaking world,” said fair general manager Jerry Hammer. Total revenue for the fair is expected to exceed $250 million. That’s almost the entire annual revenue generated by the …

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Chef’d Partners with The Hershey Company to Introduce Dessert Meal Kits

In News, Press Releases, Trends by Press0 Comments

Collaboration Marks First Major Confectionery Company to Offer Co-Branded Meal Kits Follow the journey of a Chef’d and Hershey’s meal kit box. (Video: Business Wire) Chef’d and The Hershey Company partner to offer iconic branded desserts to the meal kit market. (Photo: Business Wire) LOS ANGELES–(BUSINESS WIRE)–Chef’d, the first and only online meal kit marketplace, today announced a partnership with …

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Survey: Product Transparency Is Key for Success in the Food Industry

In News, Trends by Amelie Welden0 Comments

Label Insight recently released its 2016 Transparency ROI study, and the results show that product transparency is a central issue for today’s food consumers. Read on for highlights about what information consumers want, how they want it, and the ways transparency can affect brand success. Transparency can have a positive impact on brand preference and loyalty, even if it costs …

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Forecast: U.S. Food Industry to Grow by 3.9% in 2017

In News, Trends by Amelie Welden0 Comments

A recent forecast from Technomic projects that the U.S. food industry will grow by 3.9% overall in 2017. Read on for more highlights. Foodservice is expected to grow more than retail, with supermarket fresh prepared foods leading the way Foodservice sales are forecast to grow by 4.8%, compared to 3.0% growth for food retail. Within the foodservice category, the following …

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Cultivating a Food and Beverage Industry Cluster: Advice from the Wisconsin Economic Development Corporation

In Processing, Technology, Trends by Heather Brown0 Comments

Industry clusters are groups of businesses in interconnected fields that thrive on their associations with one another. Usually geographically concentrated, they are believed to increase productivity and competition, both nationally and globally. The Wisconsin Economic Development Corporation (WEDC) is home to one such cluster for food and beverage companies. Food and Beverage (FaB) Wisconsin works to connect businesses in symbiotic …

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Report: Big Food Loses Ground, But Can Adapt for Future Growth

In News, Trends by Amelie Welden0 Comments

Is Big Food in Trouble?, a recent report from A.T. Kearney and The Hartman Group, found that large food companies are losing ground to small and medium-sized competitors. Here’s a summary of their findings and their advice for the future. Large food companies are losing ground Between 2012 and 2015, the overall food and beverage market grew by 3.4%. During that time, the …

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Report: CPI Data Shows Steady Food Prices in July

In News, Trends by Amelie Welden0 Comments

According to the U.S. Bureau of Labor Statistics, consumer prices for food remained unchanged in July on a seasonally adjusted basis, per the Consumer Price Index for All Urban Consumers (CPI-U). This after two months of declining prices in May and June. Read on for more food-related details from the report. Prices decline for food at home, but rise for …

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Rising Demand for High-Pressure Processing Technology Will Impact the Global Food Processing Machinery Market Until 2020: Technavio

In Food Safety, News, Press Releases, Processing, Technology, Trends by Press0 Comments

LONDON–(BUSINESS WIRE)–Technavio’s latest report on the global food processing machinery market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline. Rising demand for high-pressure processing technology to impact the …

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Millennials Want Simplicity and Consistency, Watershed Data Reports

In News, Trends by Heather Brown0 Comments

This Lempert Report video breaks down research findings from the Watershed Group on what communicates authenticity in food to a millennial consumer generation. Millennials, the video reports, are “highly engaged and always questioning” consumers. They make up their minds about brands quickly, and 100% of those surveyed report frequently buying foods that are billed as “authentic.” Based on their research, Watershed …