Each Friday we’ll bring you a roundup of news from CFIN, YODL and around the food world.
As seen on YODL
Check out this week’s most viewed discussions:
Around the Food World
- Canada and Mexico have reached a trade arrangement for organic products.
- A global consumer survey from Ingredion shows that 46% of consumers would pay 20 to 30% more for a product with a natural claim.
- Post Consumer Brands has launched Sweet Dreams in the U.S., the first cereal designed to help consumers sleep.
Did you Know?
Caddle has released its 2023 Market Outlook on Canadian grocery shopping habits. As well as discovering that 92% of Canadians feel groceries cost more than they did just three months ago, the report found that:
- More than 53% of consumers say they’ve purchased more private-label brands in the past three months due to rising prices.
- 61% of respondents say they’ve reduced their meat purchases due to higher costs.
- 51% of consumers say they’re buying more produce than they did last year, as well as frozen foods and dairy to offset meat purchases.
- Price increases differ greater between grocery categories, and sometimes don’t match consumer perceptions, with meat prices increasing 6%, bakery increasing 14%, vegetables increasing 13.7% and dairy increasing 12%.
