📉 F&B Innovation Plummets in 2024

When you become a BevNET & Nosh Insider, it's not just about accessing premium content—it's about bolstering our role as your ultimate industry ally. We're committed to furnishing you with the latest, most pertinent insights to guide your business endeavors. Joining our Insider community isn't merely a subscription—it's a reciprocal relationship. Your support fuels our commitment to empowering you. Ready to foster success together? Become an Insider now.

minisocial is the go-to UGC solution for brands like Imperfect Foods, Banza, Fly by Jing, and Olipop. minisocial partners your brand with micro influencer creators who produce fully-licensed content & share with their followers. Start at just $2k with no commitment. Mention NOSH to get 15% off! Learn more

A combination of rising ingredient prices, raw material shortages and downsized product portfolios has left creativity in short supply for many CPG companies. According to a new Mintel report, only 35% of global CPG launches spanning the food, drink, household, health and beauty industries in 2024 have been genuinely new products – the lowest rate of innovation since Mintel began tracking new products in 1996. 

The global downturn in CPG innovation is most prominent in North and Latin America. In the U.S., only 25% of CPG launches were new products in the first five months of 2024, compared to the global average of 35%. 

Nosh Insiders can access the full story to learn how this innovation drought is impacting growth strategies of large and small CPGs alike.

Greetings, packaged food enthusiasts! Jeff Klineman here with a brief message. You're currently enjoying a taste of our Daily Briefing with the Lite Edition—a delightful preview, indeed. But let me share a little insider info: our editorial team packs even more knowledge into the full version of the Daily Briefing, available to our Insiders.

With full access to Nosh.com and BevNET.com, plus exclusive insights from our team, becoming an Insider isn't just a subscription—it's joining a dynamic community.

Join us.

Walgreens is the latest retailer to revamp its private label offerings with the introduction of Nice! For You, a new tier of better-for-you food and beverage products.

🍿 The Nice! For You line includes over 150 items spanning snacks, coffee, beverage, frozen food, baking staples and more that are free from artificial flavors, artificial sweeteners, synthetic dyes and high-fructose corn syrup, with many organic and gluten-free options.

👏 Walgreens’ Nice! store brand debuted in 2011 and features more than 300 products. With this latest evolution, the pharmacy and healthcare provider joins Walmart, CVS and others that have overhauled their private label programs in recent months.

Go Deeper: Walmart Doubles Down On Private Label

• People move news from the Big CPG world
  
• Details on a small win in Kroger/Albertsons' FTC case
• How Whole Foods is taking new steps to reduce waste
• News from the regenerative poultry sector

Become a BevNET & Nosh Insider to gain access to exclusive Insider-only newsletter content, as well as all digital content on BevNET.com and NOSH.com. Tap into our video archives, including Community Call and educational series, unlock event and job listing discounts, and engage with our community of  food and beverage professionals.