Industry Insights & Data

Consumer sentiment is finally improving, and the economy is solidly on the rise. View the full report in partnership with SPINS.

The frozen entrees category is seeing a slowdown in dollar and unit sales with frozen meals seeing a larger decline while frozen pasta remains flat.

Conventional chocolate leads the category with 174% YoY growth in conversations mentioning it. Functional chocolate conversations spark ideas for innovation with 105% YoY growth and a high sentiment score of 95. Meanwhile, sugar candy is growing 64% YoY, driven by seasonal peaks, nostalgia, and niche flavors.

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Venture funding increased by 16% quarter–over quarter, driven by more late stage investments compared to the second quarter of the year.

Wellness Bars are seeing some growth in sales. Meanwhile, granola & snack bars have seen a slight decline in both sales and units.

The numbers don’t lie: Over half of Americans are actively trying to shed pounds. The U.S. faces a weight problem with obesity rates more than doubling since 1980 and remaining stubbornly high for over two decades.

Also in this edition: Oats Overnight soaks up $35 million, Siddhi closes on $135 million Fund II, details from Sprouts’ earnings and how Above Food is building on regenerative ingredients.

This report, which focuses on the GLP/Ozempic craze, features exclusive content created just for our Nosh Insider audience!

This is the first of our exclusive quarterly industry reports from SPINS. This report, which focuses on Q2 trends in the condiments category, features exclusive content created just for our Nosh Insider audience!