Consumers who report they are most satisfied with their food consumption also spend the lowest share of their incomes on food, according to the July 2023 Consumer Food Insights Report.
Reported food spending has increased to its highest level since the Consumer Food Insights Report began surveying in January 2022, possibly leaving consumers feeling little relief from inflation.
A market for an expanded grocery selection at dollar stores potentially exists, especially with consumers who live less than 10 minutes away, according to data reported in the April Consumer Food Insights report.
Americans tend to trust food labels, especially the ingredient list, expiration date and nutrition fact label, according to the March Consumer Food Insights Report.
Americans likely are receiving smaller tax refunds than they have in recent years, and most people will not be going out to spend this money, according to the February 2023 Consumer Food Insights Report.
Eating more fruits and vegetables and less sugar ranked highly as potential changes to eating behaviors related to New Year’s resolutions, according to the January Consumer Food Insights Report.
Data trends that emerged in 2022 help demonstrate that most people are slow to start spending differently when it comes to their favorite foods, despite an economic environment much different than when the year began.