The recent report from Mintel indicates notable changes in the snacking habits of Americans from just a year ago. The big driver of the modern snack renaissance is the millennial generation (age 18-38).According to the recent Mintel report entitled Snacking Motivations and Attitudes US 2015, 94 percent of Americans snack at least once a day. Moreover, 50 percent of adults do it two-three times daily. The big news from this, however, is the contrast with a previous report from the same firm released just a year ago, Snacking Occasions 2014, which contained a survey indicating only 64 percent of consumers said they often snack between meals. Other top-line findings:
33 percent are now snacking on "healthier foods" than last year. 62 perce...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
