News

Private Label to Benefit from Rising Food Costs, Analyst Says

January 20, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Private label foods could become even more attractive to consumers this year as food prices rise, says an industry analyst.

 

Rising commodity and transportation costs will result in U.S. consumers paying more for their food this year, according to a study released yesterday by the Port Washington, N.Y.-based market research firm the NPD Group.

 

“Private label will certainly benefit from this news,” says Harry Balzar, chief industry analyst at NPD. “As food prices rise people will be seeking out cheaper food options.”

 

Higher food prices will pressure American food buying budgets and that will mean consumers seek out coupons, buy more private label and continue the cooking at home trend begun during the recession, says Balzar.

Did you enjoy this article? Click here to subscribe to Private Label Buyer.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

September 2014 New Food Products

This month's new food products include cane sugars, barbeque sauce, condiments in squeeze bottles, cinnamon snack seasoning, and jalapeno tzatziki, ice cream, herb toasts, corn puffs, instant coffee, coconut water, and a water enhancer.

Podcasts

Coming with a clear, comprehensive plan was the key to success for Longo Brothers Fruit Markets when the grocer decided to roll out a two-tier private label strategy, Jenny Longo and Robert Koss tell PLBuyer editor Chris Freeman in this podcast.

More Podcasts

Private Label Buyer Magazine

PLB September 2014 cover

September 2014

The September 2014 issue of Private Label Buyer includes a convenience channel update, as well as category insights on frozen store brand trends and health and beauty items. Check it out today!

Table Of Contents Subscribe

Private Label Segments

Which segment of private label will see the biggest growth over the next year?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

PLB Marketplace

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40pxgoogle+ icon 40px