Restaurants have been welcoming customers this holiday season by adding Thanksgiving items to their menus. SpotOn, a restaurant software and payment provider, reported a list of Thanksgiving meal trends it is seeing from the independent and small chain restaurants it serves across the U.S. Some of the trends include: Thanksgiving Menu Items A majority of…
Service, Quality, Taste, Affordability Drive Foodservice Sales
Turning to deals and promotions to generate short-term sales and remain top of mind with consumers, which once worked during the Great Recession, is not working as well now, reported The NPD Group. As higher menu prices offset the value of discounts and promotions, consumers are taking less advantage of restaurant deals. Neither deal nor…
M&M’S Named Popular Halloween Candy
Shipt recently released its first ever Halloween Trend Report, which shows this season’s most popular candies, as well as costumes and décor, naming M&M’S as the most popular Halloween candy. “It’s no secret that consumers continue to adjust to an ever-changing retail landscape, and Halloween always brings questions around what candy to purchase, which costumes…
Global Cannabis Legalization Trend To Shape CBD Market’s Future Growth
According to Frost & Sullivan’s recent analysis, Global CBD Ingredients Growth Opportunities, the global trend in legalizing CBD and scientific research supporting its benefits to human health will inflate demand for CBD ingredients. The global market for CBD is expected to reach $4.09 billion by 2030 from $1.80 billion in 2021, registering impressive expansion at a compound annual growth rate…
Consumers Are Driving Less Due to Gas Prices
The National Association of Convenience Stores (NACS) released a national consumer survey looking at how consumers are driving and what’s behind the changes. According to the survey nearly half of Americans (45%) say they are driving less than they did before the pandemic hit in early 2020, and they cite gas prices as the main…
Cannabis Market to Hit $64.3 Billion in 2022
According to a report from Coresight Research, the U.S. marijuana market will hit $64.3 billion in 2022, an expansion the report attributes to the growing numbers of states that have legalized its recreational use. This report, based on a survey of over 1,000 respondents across 41 states and Washington, DC., looks at key trends in the…
Consumers Spending More for Healthy Food
Deloitte released its annual report on the fresh food industry. The report was based on a survey conducted in July of 2,054 adults and examines what is impacting consumers’ fresh food purchases. Deloitte found that while consumers are mindful of higher prices, they also continue to put a premium on foods that benefit their health…
Top 10 States Most Curious About CBD
Medical cannabis experts at Leafwell recently researched the different states that use CBD the most. During the research, experts examined Google Trends data of search terms frequently used by people interested in CBD. These terms were then combined to give each American state a “total search score” to discover which states have been the most…
Inflation Causing Cannabis Consumers to Buy Less
According to a report from CBD Oracle, about 54% of cannabis consumers will start to buy less cannabis if inflation continues and the price increases. In fact, one in four retailers are already talking about increasing their prices. In the report CBD Oracle talked to over 1,500 adults and asked what differences they have…
Cannabis Market Will Be Worth $82.3 Billion By 2027
According to a report from MarketsandMarkets, the cannabis market is currently valued at 27.7 billion but will increase to $82.3 billion in 2027. The Medical Segment The medical segment also significantly contributes to the total cannabis market. Cannabis is used in treating various medical situations like anxiety, gastrointestinal disorders, seizures and epilepsy. An increased network…