Although pasta originated in Italy, the US is the world’s leading consumer of this product. However, demand growth is now weak and pasta manufacturers must find creative ways in which to jumpstart the market.
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Over the past two decades, US yogurt demand on a volume basis has witnessed growth of around seven percent per year. Value gains have been even stronger. Such high growth has far exceeded the performance of the overall US food and beverage sector as well as the performance of the US economy (when measured via GDP) during the past two decades.
When someone enjoys a hot cup of tea, and the warm feeling of steam reaches their face….or when they take that final swig of iced tea on a hot summer day and as the ice cubes slide into their mouth, all they are thinking about is enjoying the moment. Most have no idea of the hard work and the incredible complexity it takes for US consumers to enjoy the benefits of tea.
“From use as a flavoring in food to satisfy the palate to use as a supplement for health benefits, the spice market takes a turn for the good!”
Food is one of the main conduits if not the main one for greater interaction and understanding between countries and cultures around the world. While the worldwide expansion of fast food chains (largely originating from the Unites States) has been the main story in the food world in recent decades, a reversal of sorts is now happening, at least when it comes to flavors. Cuisines and exotic flavors from countries such as China, India, Japan, Malaysia, Mexico and Thailand are becoming increasingly popular in the US. As a result, US residents are getting greater exposure to an assortment of spices, in the process leading to increasing consumption and imports of spices.