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Fear and frustration related to the ongoing pandemic will continue to shape flavor preferences in 2022 with consumers gravitating to taste profiles that signal health benefits, hint at escape to far away lands, offer comfort or promise something new, according to industry stakeholders.
With the $151 billion US snack business projected to grow 3% to 4% in the next 12 months, Campbell Soup Co. is adopting an aggressive multi-prong strategy to increase its share while simultaneously increasing and sustaining its margins by double digits.
Jack & annie's, an emerging plant-based meat brand made from whole jackfruit, closed a $23m Series B funding round, setting the stage for the company to expand into more conventional retail accounts and pave the way for a growing "less-processed" subset of the plant-based foods category.
Tracking online grocery shopping habits over the past year, Instacart identified a shift back towards convenient on-the-go food items and the rising adoption of viral food recipes and hacks popularized by social media platforms such as TikTok.
Figuring out what kids are craving while pushing them to try new types of food is a challenge for many families and households, notes Chartwell K12, which put together its list of top kid-approved food trends based on its specialized insights creating custom menus for schools.