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Big Opportunities Are in the Bag for Food Retailers

Thursday, March 6, 2008 General News
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NEW YORK, March 5 Shifting demographics and economicchanges are reshaping American shopping and eating patterns, according to TheFuture of Food Retailing, a new report from Packaged Facts. The changingconfiguration of the American family has sweeping implications for foodpurchasing behavior. In fact, Packaged Facts reports that two out of threeconsumers are cooking more meals at home and eating out less. Furthermore,they are looking for fresher, healthier and flavorful options in theirshopping markets.
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Some factors for success include: appealing to different ethnic tastes,upgrading amenities to enhance the shopper's experience, and focusing onethical consumerism by providing a better selection of "green" products.Despite growing opportunities for food marketers, the state of the U.S.economy will still play a part in consumer purchasing decisions. Concerns,such as recession and steadily increasing gas prices, have three out of fourconsumers consolidating their shopping trips and shopping closer to home.
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"The trend toward store-made pre-cooked meals is a good sign for foodretailers and it signals plenty of room for further market development,"comments Tatjana Meerman, Publisher of Packaged Facts. "Food retailers withsolid marketing campaigns that can meet the needs of their customers withhigh-quality products, a wide selection, reasonable prices and a greatshopping experience will have the advantage."

The Future of Food Retailing in the U.S. analyzes market-altering shiftsin retail food channels, identifying the following Top 10 Trends:Multi-Channel Shopping, Retailers as Restaurateurs, Lifestyle Stores andEmerging Formats, Thinking Small (in terms of store size), Store BrandBuilding, Focusing on Fresh and Natural/Organic, Health and Wellness, GoingGreen, Tapping Ethnic Markets and In-Store Media. For each of these trends,the report provides detailed analysis and case histories, pinpointingopportunities and strategies retailers and consumer packaged goods marketerscan use to protect and grow their businesses during 2008 and beyond. Forfurther information on this report from Packaged Facts visit:http://www.packagedfacts.com/Future-Food-Retailing-1562608/

About Packaged Facts

Packaged Facts publishes market intelligence on a wide range of consumerindustries, including consumer goods and retailing, foods and beverages,demographics, pet and financial products. For more information visithttp://www.packagedfacts.com, or contact Jenn Tekin at 240-747-3015 [email protected]: Jenn Tekin MarketResearch.com 240-747-3015 [email protected]

SOURCE Packaged Facts
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