Top News in the Produce Industry
August 1 – 15, 2023
By iFoodDS team
August 15, 2022
Here is our bi-weekly roundup of the latest food industry news. In the weeks of August 1 – 15, seafood and organic produce sales in grocery stores continued to grow, new research identified that consumers shop around different grocery stores to find the best prices.
Value-Added Protein Products Reflect Consumers’ Lifestyle
Inflation has shaped consumer behaviors – they’re now trying to recreate restaurant experiences at home. While value-added meat, poultry, and seafood products have been around for some time, consumers are redefining the meaning of value, considering not only price but the innovation of the product.
Seafood Sales Continue to Grow
Shoppers are turning to grocery stores to buy seafood products amidst the inflation on sushi and other prepared seafood products. Seafood deli items remain strong, and sales are being driven by inflation.
Quality Matters Most for Seafood, Fresh Produce and Meat Products
According to a new report by Dunnhumby, 36% of American families skipped meals because of financial reasons. The report also identified the importance of price and quality for different grocery categories. Seafood was the category where quality mattered the most in relation to price, with produce coming in at number two.
Why Consumers Shop in Multiple Grocery Stores
New research found that 40% of the consumers surveyed are shopping in various grocery stores to get the lowest prices. Categories consumers are most willing to shop around include non-alcoholic beverages, packaged food, and frozen food.
Organic Fresh Produce Sales Grow in Q2
During the second quarter of 2023, organic fresh produce sales have slightly increased compared to the same period in 2022. 11 of the 20 organic fresh produce categories showed increases in sales. Berries continue to be the dominant commodity.