Wesley Noyd’s Post

The market researcher Circana is forecasting retail food and beverage volume growth in 2025 of between zero and 1%. Sales dollar growth next year is expected to be between 2.5% to 3.5%, driven by increased price realization of between 2% to 3%. In 2024, Circana projected volume growth of 1% and at the mid-year the company said it stood at 0.8%, with top-line growth of 2.2% supported by price realization of 1.4%. #consumertrends #retail #forecasts #groceryindustry Sally Lyons Wyatt Keith Nunes Circana

According to Circana, overall dollar sales in food and beverage grew by 2.6% this year, with price and product mix contributing 1.6% and volumes driving the remaining 1.1%. This trend continues to highlight the extreme pricing pressure facing food retailers, as price growth in the sector is half the rate of overall inflation. Consumers have massively shifted to value shopping. Placer.ai reports customers visiting more food retailers, but spending less time and money at each. My colleagues Angela Zutavern and Randy Burt have highlighted the growth in "treasure hunt" grocery shopping where consumers trade convenience for price. The importance of the value shopper is evident, and this hunt for value is likely to accelerate in 2025. However, I continue to view the other pole of the bifurcating consumer landscape opportunistically. Retailers who can capture the price-insensitive, luxury consumer will find themselves in a much more comfortable position in the long run. To quote the great Seth Godin, "The problem with the race to the bottom is that you might win."

It's hard to over state how crucial it is to focus your brand's strategies around high growth, high margin products. Your brand plan should be built out around certain objectives based on market data and feedback. Building a targeted brand strategy around your high growth, high margin products, and focusing all of your efforts on ensuring that those products maximize their success is key to setting your brand up for long term success.

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

Stabilization appears to be the theme for food and bev in the coming year rather than growth, according to this story by Keith Nunes on Circana's latest projections. #bakingindustry #foodandbeverage

The M&A landscape in the food & beverage industry witnessed shifts and challenges throughout 2023, driven by macroeconomic conditions, consumer preferences, and industry disruptions. These factors influenced investor sentiment and activity, with strategic buyers demonstrating more resilience in comparison to their financial counterparts. In response to changing consumer preferences and market dynamics, companies adjusted their strategies, focusing on high-growth, high-margin categories, and utilizing M&A to reshape their portfolios. To learn more about the current state of food & beverage M&A, read IJW's latest article, by Sarina Gill, below: https://lnkd.in/exR5q463 Giancarlo Petroro Sami Kabir, CFA, MBA Ian Wooden, CBV, MRICS Drew Dorweiler 卓维 FRICS FCBV MBA CPA ABV ASA CVA CBA CFE Ifti Ifhar John Lee Brontë Macfarlane Madison Colpitts Simon Cinq-Mars William Robinson Gurveer Khakh Marvin ADJOVI Aitsam Chaudhary #food #beverage #CPG #mergersandacquisitions

📊 🍔 🍟 🍕 Food service inflation slows by 6% in H2, but still ahead of official F&B inflation 🔎 In a detailed analysis by Meaningful Vision Ltd, the food service industry witnessed 📉 a 6% slowdown in inflation during the latter half of 2023. Despite this, major fast-food chains experienced 📈 a 16% average price increase, outpacing official food and beverage inflation. CEO Maria Vanifatova notes the challenge: despite the slowdown, traffic decreased by 3% in H2 2023, prompting the industry to explore innovative strategies beyond pricing adjustments. Navigating 2024 will require a nuanced approach, utilizing insights like Meaningful Vision's to tackle the dynamic landscape ahead. 🌐 Read the full story on the QSR MEDIA UK platform for #FoodServiceIndusrty here: ▶ https://lnkd.in/ex_Apw4Y #FoodServiceInsights #IndustryTrends #PriceIntelligence #FoodandBeverages  #MeaningfulVision

The eating-out market is expected to grow by +2.8% this year; this is ahead of inflation. Does that surprise you? This also outpaces it's prepandemic value by 8.2%. It's not clear how food inflation impacts these figures; this is the overall sales value for the sector. However, there are also stats that there are now 321,826 outlets, +0.2%, driven by the expansion of various formats, including drive-thrust and kiosk-style operators. So, what do you think? Are you seeing the number of sites opening increasing? Are you eating out more or less these days? #foodindustry #foodservice #hospitality

As the economic landscape evolves in 2024, food and beverage companies are facing growing pressure from economic uncertainty, prompting consumers to tighten their budgets. The shift in consumer behavior—marked by increased price sensitivity and a tendency to trade down to less expensive goods—poses a direct threat to revenue. To counteract these trends and drive sales, businesses must invest strategically in promotional activities. However, striking the right balance between meeting the needs of more frugal consumers and maintaining profitability is crucial. Read more in our industry outlook: https://rsm.us/4eeeqpy

The latest Circana Compass insights reveal steady growth in the global food and beverage market, with dollar sales up 2.6%, price/mix growth at 1.6%, and volume sales rising 1.1% in 2024. 📊 Key trends shaping the industry include: 📈 E-commerce: Now driving 35% of dollar sales growth, despite a 10% market share. 🏪 Private Label: Volume increased by 3%, outpacing mainstream brands. 🍽️ In-Home Meals: Up 1% in volume, as dining-out traffic declines 2%. 🛒 Shopping Patterns: Trips up 8.9%, but fewer items per trip (-11%). Looking ahead to 2025, Circana projects 2-4% dollar growth as value and premium innovation continue to shape consumer behavior. Dive deeper into the insights driving these shifts and learn how to navigate what’s next: https://bit.ly/4fGPmZC #CompleteFoodAndBeverage #ConsumerInsights #FoodAndBeverageTrends