Do you check out Circana's mid-year outlook for your industry? You should. Despite the economic challenges of recent years, Circana’s accurate forecasts have been crucial in guiding industry players. With 2024 showing stabilization and slight growth, industry leaders can leverage these insights to strategically stimulate demand and drive profitable growth. Key takeaways: - **Volume Growth**: 0.8% in 2024, closely matching Circana’s forecast. - **Price Increase**: A modest 1.4%, reflecting an easing of inflation across the sector. - **Top-Line Growth**: 2.2%, aligning with Circana’s mid-year projections. Looking ahead, Circana predicts continued but moderated growth in 2025, with top-line growth expected to be between 2.5-3.5%, driven primarily by price increases. #FoodAndBeverage #ConsumerBehavior #MarketInsights #FMCG #RetailGrowth Link to the full article: https://lnkd.in/gc8XeAXK
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📊 Mid-Year 2024 F&B Market Outlook: Growth on the Horizon! 🌍 Circana’s latest insights reveal that the retail food and beverage sector is on track for a return to growth, as predicted last year. Despite ongoing inflation concerns, the industry has shown a promising 0.8% volume growth and a 2.2% top-line increase so far in 2024. 🛒🍽️ This shift is driven by consumers prioritizing convenience and quality, leading to smaller, more frequent purchases and a focus on quick-prep options. 🥗🥶 As we approach the year's end, Circana projects continued stabilization, with top-line growth expected to range from 2.2-2.7%. Looking ahead, 2025 could see a slight uptick in growth, with projections of 2.5-3.5%, driven primarily by price increases. 💡💸 Read More: https://lnkd.in/gamamDrC #MarketOutlook #FandBIndustry #ConsumerTrends #Inflation #GrowthForecast #Convenience #RetailSales #GlobalInsights #BeverageIndustry #DataDriven 4o
Circana releases mid-year 2024 food, beverage market outlook
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F&B Industry The Industry has bounced back much harder after the Covid-19. It has shown the growth of 7.26% AAGR, which is pheonomenal as per the Industry standards. There are more entrants in the market, and more innovation has been observed in their work. Not only they are providing quality services, but they taste absolutely amazing. It is one of the promising Industry to invest in and grow your business.📈 #f&b #foodandbeverage #foodindustry #industry #food #beverages #growth #development
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2023 proved to be a challenging year for M&A in the Belgian food and beverage market. What does 2024 hold? Our latest report explores key trends, such as the rise of food tech deals and strong M&A interest in sustainable food ingredients and plant-based products. While strategic buyers remain dominant in the F&B market, financial investors are stepping up as key players in Future of Food-related transactions. Discover more in the full report at https://lnkd.in/efBYiV-J. #FutureOfFood
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https://www.stellarmr.com Market Insight Alert! The Private Label Food and Beverage Market has shown impressive growth, with its size valued at USD 452.2 Billion in 2023. But that's not all! The total revenue is projected to soar with a CAGR of 6.7% from 2024 to 2030, reaching nearly USD 712 Billion by 2030. This surge highlights the growing consumer preference for private label products, reflecting both quality and value. Brands and retailers, it's time to capitalize on this trend! Stay tuned for more insights and opportunities in the industry. #PrivateLabel #FoodAndBeverage #MarketGrowth #IndustryTrends #BusinessInsights #CAGR #MarketForecast #2024to2030 #Innovation #GrowthOpportunity
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As the better-for-you snack market continues to evolve, F&B brands must stay agile to meet shifting consumer preferences and sustainability demands. Strategic insights into market dynamics, product attributes, and the right ingredient suppliers can empower brands to secure a competitive edge and drive growth. IeB provides the expertise and key insights to help your business navigate this dynamic market. Reach out to Rashmi Awasthi, Associate Director of Business Development, and her team for tailored solutions in order to stay ahead in the sector: rashmiawasthi@iebrain.com. #betterforyousnacks #healthysnacking #foodinnovation #consumertrends #sustainablefood #foodindustryinsights #futureproofingbusinesses
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The beverage alcohol industry will face a number of challenges this year as the shadows of economic instability continue to loom in early 2024. There are, however, brighter prospects in many Asian markets, and the US remains vital to future value generation. Meanwhile, previously buoyant segments such as premium agave spirits, ecommerce and RTDs will continue to evolve and mature. Explore these trends further in IWSR’s latest ebook: · Asia drives growth as regions diverge · Premiumisation under pressure · Wine’s structural decline persists · Premium Agave: entering a new era? · Beer boosted by Asia, emerging markets · Ecommerce enters normalisation phase · New recruits spearhead growth of the no-alcohol market · RTDs: polarisation of demand Read the ebook here: https://lnkd.in/efcQi7w3 #asiapacific #bevalc #consumerinsights #USA #tequila #beerindustry #RTD #Spiritsindustry #innovation #premiumisation #wineindustry #ecommerce #noalcohol
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2023 proved to be a challenging year for M&A in the Belgian food and beverage market. What does 2024 hold? Our latest report explores key trends, such as the rise of food tech deals and strong M&A interest in sustainable food ingredients and plant-based products. While strategic buyers remain dominant in the F&B market, financial investors are stepping up as key players in Future of Food-related transactions. Discover more in the full report at https://lnkd.in/eeD_THsB. #FutureOfFood
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2023 proved to be a challenging year for M&A in the Belgian food and beverage market. What does 2024 hold? Our latest report explores key trends, such as the rise of food tech deals and strong M&A interest in sustainable food ingredients and plant-based products. While strategic buyers remain dominant in the F&B market, financial investors are stepping up as key players in Future of Food-related transactions. Discover more in the full report at https://lnkd.in/e9fc_jwH. #FutureOfFood
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2023 proved to be a challenging year for M&A in the Belgian food and beverage market. What does 2024 hold? Our latest report explores key trends, such as the rise of food tech deals and strong M&A interest in sustainable food ingredients and plant-based products. While strategic buyers remain dominant in the F&B market, financial investors are stepping up as key players in Future of Food-related transactions. Discover more in the full report at https://lnkd.in/eSrRcbBK. #FutureOfFood
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2023 proved to be a challenging year for M&A in the Belgian food and beverage market. What does 2024 hold? Our latest report explores key trends, such as the rise of food tech deals and strong M&A interest in sustainable food ingredients and plant-based products. While strategic buyers remain dominant in the F&B market, financial investors are stepping up as key players in Future of Food-related transactions. Discover more in the full report at https://lnkd.in/ezksWvp8. #FutureOfFood
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