Packaged Facts

During the five-year period from 2005 to 2009, the pet insurance market posted a CAGR of 21% and total growth of 114%. Canada surpassed the United States in annual growth rates in 2006 and 2007, but this situation reversed in 2008 and 2009.

As the U.S. economy recovers, young kids’ furnishings, accessories, and toys together are a market valued at $18 billion at retail in 2010, with $22 billion possible in 2015.

Packaged Facts’ survey data show that Millennials are less likely than any other age segment to have cut spending during the recession, and they are more optimistic than other American consumers about the future of the American economy.

Snacking trends intersect with some of the foodservice industry’s most important challenges, which is why cracking the snacking code has become a necessity. Snacking strategies can boost sales, guest traffic, and upselling to higher-priced items.

Almost all major food companies, as well as many regional and local manufacturers, are pumping up their products with fiber in order to help Americans consume the recommended daily intake of 25 to 30 grams.

Gourmet/premium food and beverages are inexpensive luxuries, and have thus fared reasonably well during the recession, albeit with lower annual sales increases.

Some 15% of restaurant users say they will be spending more on meals eaten at fast food restaurants “in the next three months” and 14% say they will be doing likewise at full-service restaurants, according to Packaged Facts’ proprietary survey.

The opportunity is great to innovate America’s beloved sandwich. These upgrades originate from artisan, local and sustainable ingredients, reflecting a regional flavor profile or a chef’s touch and desire for flavor adventure.

Fears about the recession dampening the nutritional supplement business were not realized. The market appears to have benefited, since supplements stack up well against costly prescription medications and preventable medical procedures.

Packaged Facts forecasts the U.S. chocolate market will increase an average of 3.0% per annum through 2014 when sales will top $19 billion, up 10.4% from a record $17.3 billion in 2009.