According to a new report from CoBank’s Knowledge Exchange, the line between grocery stores, quick-service restaurants and c-stores will continue to blur, intensifying competition across the foodservice and retail grocery spectrum. C-store chains are increasingly viewing QSR and traditional fast-food chains as their chief competition and tailoring their food offerings to match if not exceed competitors’ menu options. …
According to a new report from CoBank’s Knowledge Exchange, the increase in overall demand for eggs, combined with the growing preference for specialty eggs, is exacerbating the impact of tight supplies precipitated by HPAI. The confluence of all three factors is prolonging the timeline for bringing egg supply and demand into closer alignment. Until then, retail egg prices will remain elevated. …
According to a new report from CoBank’s Knowledge Exchange, a downward trend in U.S. turkey supplies, coupled with changing traditions and consumer openness to other animal protein options could trigger a longer-term decline in holiday turkey sales. …
The report suggests retailers will accelerate efforts to expand their private label offerings, targeting growth segments such as bakery, seafood and beverages. …
U.S. consumers are drinking less milk with each passing year, but overall dairy sales are on a multiyear winning streak. Cheese, butter and yogurt are fueling category growth, along with new dairy-based products designed to capitalize on convenience, health and snacking trends. …
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