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Ageless geezers

"Seniors, particularly baby boomers, each believe they belong to a market segment made up of exactly one person," says Quinnipiac's Blaine Branchik, reports the New York Times. "Many believe the only thing they have in common is that they are all so unique that they have nothing in common," he adds.

Mergers & Acquisitions 2007

The upward pace of mergers & acquisitions in the food industry continued in 2007, with a total of 413 transactions completed during the year and an additional 60 agreed upon, but not yet closed by the end of the year, according to Elmwood Park, N.J.-based The Food Institute, which has...

Drugs contaminate our drinking water

Environmentalists are on a mission to rid the planet of plastic water bottles. According to Beverage Digest, retail sales of bottled water (excluding vending and Wal-Mart) grew only 9 percent in 2007 compared with 16 percent in 2006.

Snacks that fool our brains

Fat-fighting ready-meals and snacks containing appetite suppressants could appear in UK supermarkets within two years, reports Scientists at the Institute of Food Research in Norwich are working on a new approach that will incorporate hunger-curbing plant chemicals called lipids into a wide range of convenience foods such as cakes...

Hold on to your wallet

Consumers paid as much as 36 percent more in 2007 than they did in 2006 throughout the U.S. for common kitchen staples, according to the Department of Labor’s CPI index as of Dec. 31, 2007 (vs. December 2006).

Potato chips grow on farms

Kids in the UK are so ignorant about the food they eat, one in 20 of them believe that potato chips grow on farms, according to a Dairy Farmers of Britain (DFB) survey of 1,000 children, reports

Macho males are back

Men account for 48.6 percent of the adult population in the U.S. and number about 110 million. Despite the fact that women continue to gain ground on campuses and in the workplace, men still generate 62 percent of total personal income, and will earn an additional 19 percent of the...

90 is the new 100

Packaged-food giants from Quaker to Kraft are discovering that calorie-conscious snackers, who turned 100-calorie packs into a $200 million annual gold mine, are getting bored with 100, reports USA Today. In fact, they seek new magic numbers – 90, 80, 70 or 60.

Cannibalizing sales

More new products were added to supermarket shelves than almost ever before, but many are cannibalizing sales of old product lines rather than expanding the market. In 2007, 6,472 food, beverage and personal care packaged products debuted, up from 3,825 in 2006 and 3,408 in 2005, according to Mintel global...

And the winner is …

Predicting the winners of the 80th annual Academy Awards, to be held on Sunday, February 24 at the Kodak Theatre in Hollywood, is particularly difficult this year. But one thing you can be sure of all the nominees and winners will dine in style at the Governor’s Ball after the...