Back in 2017, energy drink sales seemed tired. The category experienced only a 2.1% increase in dollar sales and a 1.8% increase in unit sales that year, according to data from Chicago-based market research firm IRI for the 52 weeks ending Dec. 3, 2017.
It's no secret that the fluid milk category has been struggling at retail for quite some time. However, sales of flavored milk and whole milk actually made some impressive gains in the not-too-distant past.
The competition among ice cream brands remains fierce, as some scramble to answer the call for "healthy indulgence" and others seek to grab attention with unique flavors and premiumization.
Exports are a demand-pull phenomenon, and demand has been good. U.S. milk equivalent exports from January to July were record high, up 19.5% from 2017.
They might not be sold hot, but ready-to-drink (RTD) coffee and tea are sizzling when it comes to U.S. sales. Dollar sales for the convenience-minded category jumped 5.1% during the 52 weeks ending Aug. 12, 2018, to reach $6.3 billion, according to data from Chicago-based market research firm IRI.
In the frozen dessert market, ice cream typically reigns supreme among consumers who are looking to indulge in a treat. But even ice cream sales are struggling.
On May 31, Mexico announced retaliatory tariffs on U.S. cheese, and then on June 16, China announced retaliatory tariffs against most U.S. dairy products.
To appeal to today’s consumers, producers of refrigerated and frozen desserts are creating products with premium and simple ingredients, often in convenient and single-serve formats. But they also need to meet consumers’ desire for indulgence
Consumers still love eating ice cream and other frozen and refrigerated desserts, but now many are looking for cleaner versions of their favorite treats. Alongside this, even those who desire to eat healthfully still don't want to give up the indulgence factor.