Latest news with #consumerpreferences
National Post
02-07-2025
- Business
- National Post
Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Article content Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. Article content Article content 'After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,' CEO Greg Longstreet said in a statement. Article content Article content Del Monte Foods, based in Walnut Creek, California, also owns the Contadina tomato brand, College Inn and Kitchen Basics broth brands and the Joyba bubble tea brand. Article content Article content The company has seen sales growth of Joyba and broth in fiscal 2024, but not enough to offset weaker sales of Del Monte's signature canned products. Article content 'Consumer preferences have shifted away from preservative-laden canned food in favor of healthier alternatives,' said Sarah Foss, global head of legal and restructuring at Debtwire, a financial consultancy. Article content Grocery inflation also caused consumers to seek out cheaper store brands. And President Donald Trump's 50% tariff on imported steel, which went into effect in June, will also push up the prices Del Monte and others must pay for cans. Article content Del Monte Foods, which is owned by Singapore's Del Monte Pacific, was also hit with a lawsuit last year by a group of lenders that objected to the company's debt restructuring plan. The case was settled in May with a loan that increased Del Monte's interest expenses by $4 million annually, according to a company statement. Article content Del Monte said late Thursday that the bankruptcy filing is part of a planned sale of company assets. Article content
Yahoo
01-07-2025
- Business
- Yahoo
Smucker's Makes Final Decision on Controversial Ingredient
We're moving away from synthetic dyes in food. J.M Smucker Company announced that they will be removing FD&C colors from "all consumer food products by the end of calendar year 2027." The FD&C Act was enacted by the Food and Drug Administration in 1938 by President Franklin D. Roosevelt. It's designed to remove unnecessary color additives in food by implementing safety guidelines (such as understanding which types of foods synthetic colors can be used in, setting maximum amounts, and determining how it should be declared on the food label). Smucker's said that this ingredient change will impact its "sugar-free fruit spreads and ice cream toppings, as well as certain products from its Hostess brand portfolio." Twinkies and Snoballs snack cakes, for example, are made with Red 40. The company added that most of their consumer foods are already free of FD&C colors, including the majority of the products available in kindergarten-to-12th grade schools."Throughout our 128-year history, we have successfully evolved our portfolio and product offerings based on shifts in consumer preferences," CEO Mark Smucker said in the statement. "Our commitment to remove FD&C colors from our sugar-free fruit spreads, ice cream toppings, and sweet baked goods products represents the latest example of our desire to evolve and our ability to continue to innovate to deliver on the expectations of our consumers." RELATED: J.M. Smucker is joined by Nestlé USA and Kraft Heinz in the effort to remove artificial dyes from their United States products. Kraft Heinz put out a press release on June 17, stating that they will be abiding by the FD&C colors "effective immediately." The company has already been making steps towards this initiative after removing artificial colors, preservatives, and flavors from Kraft Mac & Cheese in 2016. In the same vein, Nestlé announced last week that they will remove synthetic colors in its food and beverage portfolio by Makes Final Decision on Controversial Ingredient first appeared on Men's Journal on Jun 30, 2025
Bloomberg
30-05-2025
- Business
- Bloomberg
The Health of the American Shopper Is Uncertain
Costco, Target and Walmart navigate shifting costs and preferences. Plus: The Everybody's Business podcast. By Save Got shopping plans this weekend? Major US retailers say the trade war's effects are starting to trickle into stores, even if they haven't deterred a lot of spending yet. Jaewon Kang writes today about all the uncertainty. Plus: A new episode of the Everybody's Business podcast talks about how small businesses are striking back. If this email was forwarded to you, click here to sign up.
Yahoo
22-05-2025
- Business
- Yahoo
Diamond Jewelry Market Forecast 2025-2030: Lab-Grown Diamonds Propel Sustainability and Affordability
The diamond jewelry market presents opportunities in emerging markets due to rising disposable incomes and evolving consumer preferences. The demand for eco-friendly options, such as lab-grown diamonds, aligns with consumer priorities, offering a sustainable growth path. Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "Diamond Jewelry Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" has been added to Diamond Jewelry Market was valued at USD 356.04 Billion in 2024, and is expected to reach USD 478.81 Billion by 2030, rising at a CAGR of 5.22%. The Diamond Jewelry market is influenced by the rising disposable incomes and changing consumer preferences, especially in emerging markets. Increased awareness and acceptance of diamond jewelry as a symbol of status, love, and luxury continue to fuel its popularity. Technological advancements, such as the rise of lab-grown diamonds, have also played a significant role by offering more affordable and sustainable alternatives. Also, evolving fashion trends, particularly in bridal and personalized jewelry, have expanded the appeal of diamond jewelry across various age groups. Retail innovation, including online platforms and customization options, has made diamond jewelry more accessible to a global audience. Also, the growing demand for eco-friendly and ethically sourced diamonds has contributed to market growth, as consumers prioritize sustainability in their purchasing Market Drivers Rising Disposable IncomesRising disposable incomes are a key driver of the diamond jewelry market. As economies grow and individuals experience increased financial stability, they have more discretionary spending power, enabling them to indulge in luxury items like diamond jewelry. As a part of this, according to a recent study, as of 2024, the United States' disposable personal income rose by 0.3 percent compared to the previous month. This trend is particularly notable in emerging markets, where a growing middle class is becoming more financially desire for status symbols, such as diamonds, often correlates with higher incomes, as people are more willing to invest in premium goods that reflect their success and wealth. Hence, as consumers experience improved financial well-being, they seek to reward themselves and mark important milestones, such as engagements, anniversaries, and celebrations, with valuable jewelry. The global rise in wealth is thus expanding the market for diamond jewelry, making it more accessible to a wider range of customers across different Strategy Adopted by Key PlayersThe growing numbers of strategy adopted by major players to strengthen its foothold in the market to better serve the customers is likely to fuel its market growth in the future. As a part of this, in August 2024, Tanishq, India's biggest jewelry retail brand from the Tata group, and De Beers Group, the world's top diamond company, announced a long-term strategic partnership to increase the growing opportunity in the Indian market and introduce more Indian consumers to the rarity and value of natural diamonds. Due to a thriving economy, a growing middle class, and discriminating buyers looking for jewelry with lasting value, Indian consumers' demand for natural diamond jewelry has increased recently and now accounts for 11% of global demand. India is now the world's second-largest market for natural diamond jewelry, surpassing China in the AdvancementTechnological advancements in diamond production, particularly the development of lab-grown diamonds, have significantly impacted the diamond jewelry market. Lab-grown diamonds are created using high-pressure, high-temperature (HPHT) or chemical vapor deposition (CVD) methods, replicating the natural diamond formation process. These diamonds are virtually identical to natural ones in appearance, chemical composition, and physical properties but are more affordable due to lower production makes diamond jewelry more accessible to a broader range of consumers. Also, lab-grown diamonds offer a sustainable and eco-friendly alternative to mined diamonds, which can involve harmful environmental and ethical concerns. As consumer awareness of sustainability grows, many are increasingly opting for lab-grown diamonds, which align with their environmental values. This shift is broadening the appeal of diamond jewelry, especially among younger generations who prioritize ethical and green Market Challenges Fluctuating Prices of DiamondsThe fluctuating diamond prices present a significant challenge to the diamond jewelry industry. Prices can be highly volatile due to several factors. First, the supply of natural diamonds is influenced by mining production, which can fluctuate based on discoveries, extraction costs, and regulatory changes in mining regions. Secondly, market demand plays a crucial role; economic downturns or changing consumer preferences can cause demand to dip, leading to price declines. Conversely, surges in demand can drive prices up. As a result, businesses must carefully navigate these dynamics to maintain profitability and customer & Environmental ConcernThe mining of natural diamonds has long been associated with significant ethical and environmental concerns. Mining operations can cause deforestation, soil erosion, water pollution, and habitat destruction. Also, labor issues, such as exploitative working conditions and human rights abuses, are prevalent in some mining regions. These concerns have led to increasing demand for ethically sourced and sustainable diamonds. As a result, consumers are becoming more aware of these issues and are seeking alternatives like lab-grown diamonds, which are produced in controlled environments without the environmental damage associated with traditional mining. As ethical and environmental awareness grows, the industry is under pressure to evolve towards more responsible Market Trends Personalization & CustomizationPersonalization and customization in diamond jewelry have become significant trends, as consumers increasingly seek unique pieces that reflect their individuality. Advances in technology, such as 3D design tools and CAD software, allow customers to collaborate with jewelers to create bespoke designs, whether for engagement rings, anniversary gifts, or other milestones. This trend is driven by the desire for one-of-a-kind jewelry that holds personal meaning, whether through engraving, selecting specific diamonds, or incorporating gemstones with sentimental value. Customization also enables consumers to choose materials, settings, and designs that suit their tastes and lifestyle. With the rise of online platforms offering virtual consultations and design services, personalized diamond jewelry has become more accessible, allowing for a truly individualized experience and strengthening emotional connections to the Popularity of Coloured Diamonds & GemstonesColored diamonds and gemstones are becoming increasingly popular in diamond jewelry, offering a vibrant and unique alternative to traditional white diamonds. Colored diamonds, including blue, pink, green, and even black, are valued for their rarity and captivating hues. These diamonds can be used as center stones in engagement rings, earrings, and necklaces, adding an extra layer of sophistication and individuality. Also, gemstones like sapphires, emeralds, and rubies are often paired with diamonds to create eye-catching designs. These colourful accents bring depth and personality to jewelry, making pieces stand out. This trend also aligns with the growing preference for unconventional and personalized designs in the jewelry Trend of Stackable & Layered JewelryStackable and layered jewelry has become a prominent trend, allowing individuals to create personalized, dynamic looks by mixing and matching diamond rings, bracelets, necklaces, and earrings. This trend emphasizes versatility and self-expression, as consumers can combine different styles, metals, and diamond shapes to curate a unique look. Stackable rings, for instance, can be worn in various combinations across fingers, while layered necklaces allow for creative pairings of different lengths and InsightsDistribution Channel InsightsOffline dominated the global Diamond Jewelry market due to several key factors. Physical stores offer consumers the ability to examine diamonds closely, ensuring they can assess quality, cut, and color in person. As a part of this, according to a recent study, as of 2022, due to decades-high inflation, US offline retail sales hit a record high of USD 3.6 trillion. Personalized customer service is another crucial element, as knowledgeable staff can guide buyers through the selection process and provide valuable insights. Also, offline stores often offer an exclusive shopping experience, building trust and loyalty with customers. High-end retailers and luxury boutiques create a sense of prestige around diamond jewelry, making in-person shopping an essential part of the consumer decision-making InsightsNorth America dominated the global Diamond Jewelry market, driven by factors such as high disposable incomes, a strong cultural affinity for luxury goods, and an established retail infrastructure. The United States is one of the largest consumers of diamond jewelry, with strong demand for engagement rings, wedding bands, and high-end fashion region's robust jewelry industry is characterized by both well-established brands and a growing number of online retailers offering diverse collections. As a part of this, as of December 2024, The US jewelry business has been supported by the holiday season, as seen by a 4% year-over-year gain in sales. Also, consumers are increasingly prioritizing ethically sourced diamonds, contributing to the rise in demand for lab-grown diamonds. The combination of affluent consumers, a well-developed retail ecosystem, and evolving trends in sustainable jewelry continues to make North America a dominant force in the global diamond jewelry Players Profiled in this Diamond Jewelry Market Report Harry Winston, Inc. Tiffany & Co Blue Nile Inc. Le Petit-Fils de L.-U. Chopard & Cie S.A. Signet Jewelers Limited (Zales) Tacori, Inc. Richemont International SA Amantran Gems and Jewels Pvt. Ltd. Bulgari S.p.A. Titan Company Limited Report ScopeDiamond Jewelry Market, By Product Type: Necklace Earrings Rings Bracelets Others Diamond Jewelry Market, By Category: Daily Wear Work Wear Party & Festive Wear Diamond Jewelry Market, By End User: Men Women Kids Diamond Jewelry Market, By Distribution Channel: Online Offline Diamond Jewelry Market, By Region: North America Asia-Pacific Europe South America Middle East & Africa Key Attributes Report Attribute Details No. of Pages 182 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $356.04 Billion Forecasted Market Value (USD) by 2030 $478.81 Billion Compound Annual Growth Rate 5.2% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Diamond Jewelry Market Forecast 2025-2030: Lab-Grown Diamonds Propel Sustainability and Affordability
The diamond jewelry market presents opportunities in emerging markets due to rising disposable incomes and evolving consumer preferences. The demand for eco-friendly options, such as lab-grown diamonds, aligns with consumer priorities, offering a sustainable growth path. Dublin, May 22, 2025 (GLOBE NEWSWIRE) -- The "Diamond Jewelry Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" has been added to Diamond Jewelry Market was valued at USD 356.04 Billion in 2024, and is expected to reach USD 478.81 Billion by 2030, rising at a CAGR of 5.22%. The Diamond Jewelry market is influenced by the rising disposable incomes and changing consumer preferences, especially in emerging markets. Increased awareness and acceptance of diamond jewelry as a symbol of status, love, and luxury continue to fuel its popularity. Technological advancements, such as the rise of lab-grown diamonds, have also played a significant role by offering more affordable and sustainable alternatives. Also, evolving fashion trends, particularly in bridal and personalized jewelry, have expanded the appeal of diamond jewelry across various age groups. Retail innovation, including online platforms and customization options, has made diamond jewelry more accessible to a global audience. Also, the growing demand for eco-friendly and ethically sourced diamonds has contributed to market growth, as consumers prioritize sustainability in their purchasing Market Drivers Rising Disposable IncomesRising disposable incomes are a key driver of the diamond jewelry market. As economies grow and individuals experience increased financial stability, they have more discretionary spending power, enabling them to indulge in luxury items like diamond jewelry. As a part of this, according to a recent study, as of 2024, the United States' disposable personal income rose by 0.3 percent compared to the previous month. This trend is particularly notable in emerging markets, where a growing middle class is becoming more financially desire for status symbols, such as diamonds, often correlates with higher incomes, as people are more willing to invest in premium goods that reflect their success and wealth. Hence, as consumers experience improved financial well-being, they seek to reward themselves and mark important milestones, such as engagements, anniversaries, and celebrations, with valuable jewelry. The global rise in wealth is thus expanding the market for diamond jewelry, making it more accessible to a wider range of customers across different Strategy Adopted by Key PlayersThe growing numbers of strategy adopted by major players to strengthen its foothold in the market to better serve the customers is likely to fuel its market growth in the future. As a part of this, in August 2024, Tanishq, India's biggest jewelry retail brand from the Tata group, and De Beers Group, the world's top diamond company, announced a long-term strategic partnership to increase the growing opportunity in the Indian market and introduce more Indian consumers to the rarity and value of natural diamonds. Due to a thriving economy, a growing middle class, and discriminating buyers looking for jewelry with lasting value, Indian consumers' demand for natural diamond jewelry has increased recently and now accounts for 11% of global demand. India is now the world's second-largest market for natural diamond jewelry, surpassing China in the AdvancementTechnological advancements in diamond production, particularly the development of lab-grown diamonds, have significantly impacted the diamond jewelry market. Lab-grown diamonds are created using high-pressure, high-temperature (HPHT) or chemical vapor deposition (CVD) methods, replicating the natural diamond formation process. These diamonds are virtually identical to natural ones in appearance, chemical composition, and physical properties but are more affordable due to lower production makes diamond jewelry more accessible to a broader range of consumers. Also, lab-grown diamonds offer a sustainable and eco-friendly alternative to mined diamonds, which can involve harmful environmental and ethical concerns. As consumer awareness of sustainability grows, many are increasingly opting for lab-grown diamonds, which align with their environmental values. This shift is broadening the appeal of diamond jewelry, especially among younger generations who prioritize ethical and green Market Challenges Fluctuating Prices of DiamondsThe fluctuating diamond prices present a significant challenge to the diamond jewelry industry. Prices can be highly volatile due to several factors. First, the supply of natural diamonds is influenced by mining production, which can fluctuate based on discoveries, extraction costs, and regulatory changes in mining regions. Secondly, market demand plays a crucial role; economic downturns or changing consumer preferences can cause demand to dip, leading to price declines. Conversely, surges in demand can drive prices up. As a result, businesses must carefully navigate these dynamics to maintain profitability and customer & Environmental ConcernThe mining of natural diamonds has long been associated with significant ethical and environmental concerns. Mining operations can cause deforestation, soil erosion, water pollution, and habitat destruction. Also, labor issues, such as exploitative working conditions and human rights abuses, are prevalent in some mining regions. These concerns have led to increasing demand for ethically sourced and sustainable diamonds. As a result, consumers are becoming more aware of these issues and are seeking alternatives like lab-grown diamonds, which are produced in controlled environments without the environmental damage associated with traditional mining. As ethical and environmental awareness grows, the industry is under pressure to evolve towards more responsible Market Trends Personalization & CustomizationPersonalization and customization in diamond jewelry have become significant trends, as consumers increasingly seek unique pieces that reflect their individuality. Advances in technology, such as 3D design tools and CAD software, allow customers to collaborate with jewelers to create bespoke designs, whether for engagement rings, anniversary gifts, or other milestones. This trend is driven by the desire for one-of-a-kind jewelry that holds personal meaning, whether through engraving, selecting specific diamonds, or incorporating gemstones with sentimental value. Customization also enables consumers to choose materials, settings, and designs that suit their tastes and lifestyle. With the rise of online platforms offering virtual consultations and design services, personalized diamond jewelry has become more accessible, allowing for a truly individualized experience and strengthening emotional connections to the Popularity of Coloured Diamonds & GemstonesColored diamonds and gemstones are becoming increasingly popular in diamond jewelry, offering a vibrant and unique alternative to traditional white diamonds. Colored diamonds, including blue, pink, green, and even black, are valued for their rarity and captivating hues. These diamonds can be used as center stones in engagement rings, earrings, and necklaces, adding an extra layer of sophistication and individuality. Also, gemstones like sapphires, emeralds, and rubies are often paired with diamonds to create eye-catching designs. These colourful accents bring depth and personality to jewelry, making pieces stand out. This trend also aligns with the growing preference for unconventional and personalized designs in the jewelry Trend of Stackable & Layered JewelryStackable and layered jewelry has become a prominent trend, allowing individuals to create personalized, dynamic looks by mixing and matching diamond rings, bracelets, necklaces, and earrings. This trend emphasizes versatility and self-expression, as consumers can combine different styles, metals, and diamond shapes to curate a unique look. Stackable rings, for instance, can be worn in various combinations across fingers, while layered necklaces allow for creative pairings of different lengths and InsightsDistribution Channel InsightsOffline dominated the global Diamond Jewelry market due to several key factors. Physical stores offer consumers the ability to examine diamonds closely, ensuring they can assess quality, cut, and color in person. As a part of this, according to a recent study, as of 2022, due to decades-high inflation, US offline retail sales hit a record high of USD 3.6 trillion. Personalized customer service is another crucial element, as knowledgeable staff can guide buyers through the selection process and provide valuable insights. Also, offline stores often offer an exclusive shopping experience, building trust and loyalty with customers. High-end retailers and luxury boutiques create a sense of prestige around diamond jewelry, making in-person shopping an essential part of the consumer decision-making InsightsNorth America dominated the global Diamond Jewelry market, driven by factors such as high disposable incomes, a strong cultural affinity for luxury goods, and an established retail infrastructure. The United States is one of the largest consumers of diamond jewelry, with strong demand for engagement rings, wedding bands, and high-end fashion region's robust jewelry industry is characterized by both well-established brands and a growing number of online retailers offering diverse collections. As a part of this, as of December 2024, The US jewelry business has been supported by the holiday season, as seen by a 4% year-over-year gain in sales. Also, consumers are increasingly prioritizing ethically sourced diamonds, contributing to the rise in demand for lab-grown diamonds. The combination of affluent consumers, a well-developed retail ecosystem, and evolving trends in sustainable jewelry continues to make North America a dominant force in the global diamond jewelry Players Profiled in this Diamond Jewelry Market Report Harry Winston, Inc. Tiffany & Co Blue Nile Inc. Le Petit-Fils de L.-U. Chopard & Cie S.A. Signet Jewelers Limited (Zales) Tacori, Inc. Richemont International SA Amantran Gems and Jewels Pvt. Ltd. Bulgari S.p.A. Titan Company Limited Report ScopeDiamond Jewelry Market, By Product Type: Necklace Earrings Rings Bracelets Others Diamond Jewelry Market, By Category: Daily Wear Work Wear Party & Festive Wear Diamond Jewelry Market, By End User: Men Women Kids Diamond Jewelry Market, By Distribution Channel: Online Offline Diamond Jewelry Market, By Region: North America Asia-Pacific Europe South America Middle East & Africa Key Attributes Report Attribute Details No. of Pages 182 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $356.04 Billion Forecasted Market Value (USD) by 2030 $478.81 Billion Compound Annual Growth Rate 5.2% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
