Year after year across the U.S., private label’s growth continues to outpace national brands. According to Private Label Foods & Beverages in the U.S., 8th Edition, a recent report by market research firm Packaged Facts, private label accounted for almost a fifth of the $530 billion total food and beverage market dollar sales in 2013, up about 2 percent from the previous year. Looking ahead, Packaged Facts projects retail dollar sales of private-label foods and beverages will grow by a compound annual growth rate of 4 percent to reach $122 billion in 2018. Dairy products lead the private-label sector. Led by milk, private-label dairy beverages account for nearly 50…Full Story
A nation-wide check-off program, from farmers to processors, will take the organic market to the next level.