Seafood has continued to see lower inflation rates than many other foods, but price hikes continue to impact its sales across the United States.
Frozen seafood prices jumped 6.3 percent in January to USD 10.44 (EUR 9.74) per unit on average compared to January 2022, according to IRI and 210 Analytics. Ambient seafood inflation rose 7.4 percent to USD 2.14 (EUR 2.00) on average, and fresh seafood experienced the lowest inflation at 3.3 percent to
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Restaurants are most likely to benefit from Valentine's Day seafood sales as a majority (74 percent) of 1,000 adults surveyed by Popmenu said they will dine out or order takeout/delivery from restaurants this year. Of those participating in the holiday activities, 49 percent plan to dine at a restaurant, 25 percent plan to order takeout/delivery, and 26 percent plan to cook at home or enjoy another activity.
The U.S. Pacific Northwest
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Gorton’s has started off 2023 by launching new products and initiating a major marketing campaign.
The Gloucester, Massachusetts, U.S.A.-based seafood firm
Despite several tumultuous years caused by Covid-19 restrictions,, U.K. restaurants continue to face a battle for survival amid soaring food, energy, and materials costs.
U.K. businesses expect a 101 percent increase in energy bills in Q1 2023 compared to the same period last year, according to a quarterly survey released by UKHospitality, the British Beer and Pub Association, the British Institute of Innkeeping, and Hospitality
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Mowi has doubled its sales in the U.K. over the past year, and has launched a new marketing campaign to continue building its national profile.
The Bergen, Norway-based salmon company recently announced its sponsorship of chef and TV personality Gordon Ramsay’s new competitive cooking show , Next Level Chef, which will air on ITV and ITVX from 11 January through 1 March.
By partnering with a primetime week night TV program, Mowi is
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Recognizing that more Americans are preparing meals at home to save money, some U.S. retailers are promoting their seafood meals as an affordable option.
The share of home-prepared meals rose from 78.9 percent in November to 81.5 percent in December, according to IRI’s December Consumer Sentiment survey. Conversely, the share of households that purchased restaurant meals declined from 80 percent in November to 76 percent in December,
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Well ahead of the Lenten season, U.S. restaurant chains are promoting new dishes utilizing lobster and shrimp – relatively affordable seafood options for foodservice buyers.
Quiznos and Qdoba are among the companies featuring new seafood dishes for Lent, which runs from 22 February through 6 April.
While shrimp prices rose in 2022, consumer demand for shrimp is still growing, Rich Products Consumer Brands Division Senior Vice President
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The U.K. grocery retail landscape continues to suffer losses after months of soaring inflation and record-setting grocery price inflation in January.
Inflation of U.K. grocery prices reached 16.7 percent in the four weeks ending 22 January, 2023, according to Kantar, the highest level since the research firm started tracking the figure in 2008.
“Late last year, we saw the rate of grocery price inflation dip slightly, but that small sign
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Chicken of the Sea International has embarked on a rebranding project amid a resurgence in U.S. shelf-stable seafood sales.
The rebrand – Chicken of the Sea’s first in 20 years – includes a “Wild-Caught Happiness” marketing campaign and a logo redesign featuring a modern illustration of its mermaid mascot, Catalina, to “better embody the inspiring character she has always been,” the company said in a
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Driven by continued high labor and commodity costs, along with consumer inflation concerns, the outlook for the U.S. foodservice industry looks bleak for the first half of 2023.
The U.S. Bureau of Labor Statistics reported a 8.3 percent year-over-year hike in prices for food away from home in December 2022, with sales dropping 0.9 percent to USD 88.3 billion (EUR 81 billion) from November to December, according to preliminary data from the U.S.
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