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President Joe Biden pardoned Thanksgiving turkeys for the final time on Monday as his presidency is coming to an end, telling Americans that he is “forever grateful.” Biden upheld the annual tradition, pardoning Peach and Blossom days ahead of Thanksgiving. “Peach and Blossom will join the free birds of the United States of America,” Biden said in his announcement, telling the crowd that Peach weighs about 41 pounds and loves tater tots. Peach’s real dream, he joked, is “to see the Northern Lights.” “I’m told he lives by the laws of the motto, keep calm and gobble on. Meanwhile, Blossom weighs 40 pounds,” Biden continued, asserting Blossom lives by the motto, “No foul play, just Minnesota Nice.” “They just finished a two-day road trip from Minnesota to Washington,” he continued, describing their journey. “They were staying nice, listening to their favorite music which apparently includes the song, ‘Livin’ on a Prayer.’ Well, fellas, your prayer’s gonna be answered today,” he said before making their pardon official. “Based on your temperament and commitment to being productive members of society, I hereby pardon Peach and Blossom!” he said to applause. The turkeys will live out the remainder of their days at Farmamerica — Minnesota Agricultural Interpretive Center. Biden also acknowledged during his remarks that this would be his last time doing the annual turkey pardon. “Let me close on a more serious note— this event marks the official start of the holiday season here in Washington,” he said. “It’s also my last time to speak here as your president during the season and give thanks and gratitude. So let me say to you, it’s been the honor of my life. I’m forever grateful.”Rep. Alexandria Ocasio-Cortez (D-New York) announced Friday that she is running to be her party’s ranking member on the House Oversight and Accountability Committee, becoming the latest Democrat to challenge a more senior member for a leadership role in the new Congress. As the party moves to shake up its leadership in the next term, some Democrats are making efforts to turn over an aging cohort of leaders. In recent days, the caucus’s ranking members on the Judiciary and Natural Resources committees have stepped aside after younger colleagues mounted challenges to them.
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NEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged the market with a dip of 99 points, or 0.2%. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a nearly 99% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year , with the latest coming last week. The biggest boosts for the index on Wednesday came from Nvidia and other Big Tech stocks. Their massive growth has made them Wall Street’s biggest stars for years, though other kinds of stocks have recently been catching up somewhat amid hopes for the broader U.S. economy. Tesla jumped 5.9% to finish above $420 at $424.77. It’s a level that Elon Musk made famous in a 2018 tweet when he said he had secured funding to take Tesla private at $420 per share . Stitch Fix soared 44.3% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. GE Vernova rallied 5% for one of the biggest gains in the S&P 500. The energy company that spun out of General Electric said it would pay a 25 cent dividend every three months, and it approved a plan to send up to another $6 billion to its shareholders by buying back its own stock. On the losing end of Wall Street, Dave & Buster’s Entertainment tumbled 20.1% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. Albertsons fell 1.5% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 1%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement with Kroger, Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Macy’s slipped 0.8% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. All told, the S&P 500 rose 49.28 points to 6,084.19. The Dow dipped 99.27 to 44,148.56, and the Nasdaq composite rallied 347.65 to 20,034.89. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, edged up to 4.15% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. AP Writers Matt Ott and Zimo Zhong contributed.
NEW YORK , Dec. 4, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global frozen and convenience food market size is estimated to grow by USD 468.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.09% during the forecast period. Growing consumer inclination toward vegan frozen foods is driving market growth, with a trend towards escalating need for convenience. However, health risks associated with consumption of frozen foods poses a challenge. Key market players include Ajinomoto Co. Inc., Amys Kitchen Inc., Associated British Foods Plc, Bakkavor Group PLC, Cargill Inc., Conagra Brands Inc., Corporativo Bimbo SA de CV, EUROPASTRY SA, General Mills Inc ., JBS SA, Kellogg Co., Lantmannen ekonomisk forening, McCain Foods Ltd., MTR Foods Pvt. Ltd., Nestle SA, Omar International Pvt. Ltd, The Kraft Heinz Co., Tyson Foods Inc., Unilever PLC, and Vandemoortele NV. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The convenience foods market, including the frozen food market, is experiencing significant growth due to evolving consumer needs. Health awareness and convenience are key drivers, with consumers seeking practical solutions for busy lifestyles. The processed food trade is booming, especially in the retail industry, which is undergoing digitalization. Temperature monitoring markets are crucial for maintaining food safety and longer shelf life. Raw materials cost and tariffs impact the market, with domestic brands gaining popularity. Trade routes and online shopping platforms are transforming the retail landscape. Frozen food products, such as meal plans, are popular due to their versatility and portability. Globalization and international cuisines are influencing consumer preferences. Food safety, nutritional value, and dietary preferences are critical concerns. Producers and distributors must ensure temperature control to prevent quality degradation and food safety risks. Limited availability of raw frozen food can be a challenge, but innovations in cold chain infrastructure, transportation, and distribution facilities are addressing this. Families are increasingly turning to the packaged food industry for affordable, nutritious, and convenient food options. Changing dietary preferences, such as vegan, paleo, and gluten-free diets, are driving demand for plant-based alternatives and organic, low-calorie choices. Taste, nutrition, and premium ingredients are essential for consumer satisfaction. Environmental concerns and sourcing are becoming important factors, with a focus on farm-to-table and locally sourced produce. Online retailing, including e-commerce and meal delivery services, is disrupting traditional retail channels. Frozen vegetable consumption is on the rise, with fruity frozen desserts, such as raspberry, mango, and strawberry pops, gaining popularity. Contract catering and catering services, including healthcare facilities, correctional facilities, Food Service, social food services, venues and events, sporting events, museums, train stations, and airports, are significant markets for frozen foods. Unique styles and atmospheres are essential for these businesses, with contracted caterers offering superior quality and service. Progressive Grocer highlights trends in breakfast meals, dinners/entrees, frozen meat, processed chicken, full-service restaurants, hotels & resorts, gluten-free ready meals, and fruity frozen desserts. Brands like GoodPop frozen pops and Indian food retailers are innovating with organic pops, fruit juice-based flavors, and frozen potatoes, paneer, cheese parathas, and patties. Labeling requirements and fresh produce are essential for transparency and consumer trust. Canned goods and RTE meals are part of the ready meals segment, with lifestyle diseases driving demand for nutritious options. Offline retail channels, including supermarkets/hypermarkets, convenience stores, grocery stores, and local shops, continue to coexist with e-commerce platforms. The convenience foods market is a dynamic and evolving industry that requires constant innovation and adaptation to meet consumer needs. In today's fast-paced world, consumers seek convenience in their food choices. Frozen and convenience food vendors capitalize on this trend by offering ready-to-eat meals that significantly reduce preparation and clean-up time. The growing number of single-person households and working women contribute to the increasing demand for these products. Refrigeration technology advancements enable vendors to provide a wide variety of flavors and recipes in desired portions or sizes. Convenience is a crucial factor driving the popularity of frozen and convenience foods. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The convenience foods market, which includes frozen foods, faces several challenges. With increasing health awareness, consumers are shifting towards raw, locally sourced produce and farm-to-table options. This poses a threat to the processed food trade, including frozen foods. The retail industry is digitalizing, leading to the growth of online shopping platforms. Temperature monitoring is crucial for the frozen food market, as fluctuations can cause quality degradation and food safety risks. Raw materials cost is a significant challenge, especially for domestic brands facing high domestic tariffs. Trade routes and cold chain infrastructure are essential for the distribution of raw frozen food. Producers and distributors must ensure food safety, longer shelf life, and convenient, easy-to-prepare meal options to cater to evolving consumer needs. Dietary preferences, such as vegan, paleo, and gluten-free diets, are driving innovation in the packaged food industry. Premium ingredients, innovative packaging, and gourmet flavors are key differentiators. Environmental concerns are also a factor, with a focus on sustainable sourcing and e-commerce platforms. Frozen fruits, vegetables, seafood, meats, and ready meals are popular options, offering superior nutritional value and versatility. Contract catering and meal delivery services are growing areas, serving healthcare facilities, correctional facilities, and various social food services, including venues and events. The convenience, portability, and longer shelf life of frozen food products make them a practical solution for families and busy lifestyles. The frozen foods market is evolving to meet changing dietary preferences and consumer needs, with a focus on plant-based diets, organic ingredients, and low-calorie choices. Retail channels, including online grocery shopping, brick-and-mortar stores, and doorstep delivery, are adapting to this changing retail landscape. Food safety, labeling requirements, and sodium content are key concerns for health and wellness-conscious consumers. Plant-based alternatives, vegetarianism, veganism, and flexitarian diets are gaining popularity, driving demand for innovative, nutritious, and convenient food options. The frozen vegetable consumption is increasing due to its affordability and nutritional value. Progressive Grocer reports that breakfast meals, dinners/entrees, frozen meat, processed chicken, full-service restaurants, hotels & resorts, and gluten-free ready meals are popular categories in the frozen food market. Fruity frozen desserts, such as raspberry, mango, and strawberry pops, are gaining popularity due to their taste and nutritional value. Indian food retailers offer frozen potatoes, paneer, cheese parathas, and patties. The convenience and versatility of frozen foods make them a practical solution for busy families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet the evolving needs of consumers, with a focus on health consciousness, organic ingredients, and innovative packaging. The convenience and versatility of frozen foods make them a practical solution for families and individuals, offering a wide range of flavors and dietary options. The frozen food industry is adapting to meet these changing needs, with a focus on superior nutritional value, taste, and convenience. The future of the frozen food market looks bright, with opportunities for growth in various sectors, including online retailing, e-commerce, and meal delivery services. The market is expected to continue evolving to meet Frozen foods are a popular convenience option for consumers due to their extended shelf life, which is achieved by storing them at very low temperatures. However, the manufacturing process of frozen foods sometimes involves substituting healthy ingredients with less expensive alternatives. For instance, nutritious olive oil may be replaced with rapeseed oil in frozen meals, leading to a loss of antioxidants. Regular consumption of frozen ready meals can pose health risks, including kidney disease, diabetes, dementia, obesity, and high blood pressure. These foods are often high in fat and sodium, contributing to potential health issues. Despite their convenience, it is essential to consider the potential health implications of incorporating frozen foods into one's diet on a frequent basis. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This frozen and convenience food market report extensively covers market segmentation by 1.1 Offline 1.2 Online 2.1 Convenience food 2.2 Frozen food 3.1 Europe 3.2 North America 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Offline- The offline distribution channel, including supermarkets, hypermarkets, convenience stores, and local merchants, holds a significant share in the global frozen and convenience food market. This segment's dominance is attributed to the wide availability of various frozen and convenience food items, such as peas, chips, fish fillets, bread, preserved fruit, nuts, snacks, pizza sausages, and chicken. Consumers prefer offline channels due to the convenience of finding a vast selection of brands and stock-keeping units (SKUs) at competitive prices. Hypermarkets and supermarkets are popular choices due to their extensive range of offerings. Department stores serve as one-stop solutions for shopping, with the advantage of having all products under one roof. Retailers employ effective marketing and sales strategies, such as attractive displays and competitive pricing, to boost sales. Vendors expand their store operations to increase offline sales and cater to a larger consumer base. Therefore, the offline segment is expected to significantly contribute to the growth of the global frozen and convenience food market during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 - 2021) Research Analysis The Frozen and Convenience Food Market encompasses the production, distribution, and sale of ready-to-eat and easy-to-prepare meal options, including frozen foods. This market is driven by several factors, such as health awareness, processed food trade, and retail industry digitalization. Temperature monitoring markets play a crucial role in ensuring food safety and maintaining the quality of frozen food products. Raw materials cost and domestic tariffs significantly impact the market, with domestic brands gaining popularity due to their affordability. Trade routes and online shopping platforms have revolutionized the way consumers access and purchase these products, making them increasingly convenient and portable. Globalization and international cuisines have expanded the market, with a growing demand for frozen meat, processed chicken, and gluten-free ready meals. Meal plans and meal kit services have also gained popularity, offering consumers the convenience of pre-portioned, ready-to-cook ingredients. Frozen foods offer longer shelf life, making them a staple in full-service restaurants, hotels, and resorts. Food safety remains a top priority, with strict regulations in place to ensure the quality and safety of these products. Overall, the Frozen and Convenience Food Market continues to evolve, offering consumers a wide range of convenient, portable, and delicious meal options. (Progressive Grocer, Breakfast meals, Dinners/entrees, Online shopping platforms, Frozen meat, Processed chicken, Full-service restaurants, Hotels & resorts, Gluten-free ready meals) Market Research Overview The Frozen and Convenience Food Market is experiencing significant growth due to evolving consumer needs and globalization. The convenience of frozen food products, longer shelf life, and easy-to-prepare meal options make them a practical solution for busy families and individuals. The processed food trade is thriving as people seek out convenient, ready-to-eat meal plans. Health consciousness is driving demand for organic, low-calorie choices, and plant-based diets. The temperature monitoring market is crucial in maintaining the quality of frozen foods, as temperature fluctuations can lead to quality degradation and food safety risks. The packaged food industry is undergoing digital transformation, with online shopping platforms and meal delivery services becoming increasingly popular. Frozen food products come in various categories, including fruits, vegetables, seafood, and meats, offering consumers a wide range of flavors and dietary preferences. Producers and distributors must ensure food safety and adhere to labeling requirements. The retail industry is also undergoing digitalization, with online grocery shopping and doorstep delivery becoming the new norm. Retail channels are evolving, with e-commerce platforms and meal delivery services gaining popularity. The convenience of these services is particularly appealing to consumers during the ongoing pandemic. Frozen vegetable consumption is on the rise due to their affordability, nutritional value, and convenience. The convenience food market caters to various lifestyles, including vegan, paleo, and gluten-free diets. The market is also seeing an increase in demand for premium ingredients, gourmet flavors, and innovative packaging. Environmental concerns are also influencing consumer choices, with a preference for locally sourced produce, farm-to-table initiatives, and sustainable packaging. The convenience food market is catering to various sectors, including healthcare facilities, correctional facilities, Food Service, and social food services, among others. The convenience food market is diverse and dynamic, offering a wide range of options to cater to changing dietary preferences and consumer needs. From breakfast meals to dinners and entree options, frozen foods provide a convenient, nutritious, and affordable alternative to traditional cooking. The market is expected to continue growing as consumers seek out more convenient, healthy, and sustainable food options. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Distribution Channel Offline Online Type Convenience Food Frozen Food Geography Europe North America APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioKyKy Tandy scored a season-high 21 points that included a key 3-pointer in a late second-half surge as Florida Atlantic roared back to beat Oklahoma State 86-78 on Thursday in the opening round of the Charleston Classic in Charleston, S.C. Florida Atlantic (4-2) advances to play Drake in the semifinal round on Friday while the Cowboys square off against Miami in the consolation semifinal contest, also Friday. Oklahoma State led by as many as 10 points in the first half before securing a five-point advantage at halftime. The Owls surged back and moved in front with four and a half minutes to play. It was part of an 11-1 run, capped by a 3-pointer from Tandy that made it 75-68 with 2:41 remaining. Ken Evans added 14 points for Florida Atlantic, with Leland Walker hitting for 13 and Tre Carroll scoring 11. The Owls went 35-of-49 from the free throw line as the teams combined for 56 fouls in the game, 33 by Oklahoma State. Khalil Brantley led Oklahoma State (3-1) with 16 points while Robert Jennings added 14 points and 11 rebounds for the Cowboys, who hit one field goal over a 10-minute stretch of the second half while having three players foul out. The Owls were up by as many as seven points in the early minutes and by 13-10 after a layup by Carroll at the 11:32 mark of the first half. Oklahoma State leapfrogged to the front on Abou Ousmane's layup off a Brantley steal, fell behind again on a 3-pointer by Evans and then responded on a 3-pointer by Jennings to take a 17-16 lead. From there, the Cowboys stoked their advantage to double digits when Jamyron Keller canned a shot from beyond the arc with five minutes to play in the half. Florida Atlantic got a layup and a monster dunk from Matas Vokietaitis and a pair of free throws from Walker in a 6-2 run to end the half to pull within 39-34 at the break. Jennings and Ousmane tallied seven points apiece for Oklahoma State over the first 20 minutes, as the Cowboys led despite shooting just 33.3 percent from the floor in the half. Carroll and Vokietaitis scored seven points apiece to pace the Owls, who committed 11 turnovers that translated to seven points for Oklahoma State before halftime. --Field Level Media
That Hopeful Daniel Penny VerdictThe gunman who stalked and killed UnitedHealthcare CEO Brian Thompson fled New York City by bus, police officials told CNN on Friday. Video of the suspected shooter leaving the scene of the shooting Wednesday showed him riding a bicycle to Central Park and later taking a taxi cab to a bus depot, Chief of Detectives Joseph Kenny told CNN. Here's the latest: The gunman who killed the CEO of the largest U.S. health insurer may have fled the city on a bus, New York City police officials told CNN on Friday. Video of the suspected shooter leaving the scene of the shooting Wednesday showed him riding a bicycle to Central Park and later taking a taxi cab to a bus depot, Chief of Detectives Joseph Kenny told CNN. “We have reason to believe that the person in question has left New York City,” Commissioner Jessica Tisch said. The gunman who killed the CEO of the largest U.S. health insurer made sure to wear a mask during the shooting yet left a trail of evidence in view of the nation’s biggest city and its network of security cameras that have aided authorities piecing together his movements and his identity. A law enforcement official said Friday that new surveillance footage shows the suspect riding the subway and visiting establishments in Manhattan and provided more clues about his actions in the days before he ambushed UnitedHealthcare CEO Brian Thompson . The gunman’s whereabouts and identity remain unknown Friday, as did the reason for Wednesday’s killing. New York City police say evidence firmly points to it being a targeted attack . ▶ Read more about the search for the gunman In many companies, investor meetings like the one UnitedHealthcare CEO Brian Thompson was walking to when he was fatally shot are viewed as very risky because details on the location and who will be speaking are highly publicized. “It gives people an opportunity to arrive well in advance and take a look at the room, take a look at how people would probably come and go out of a location,” said Dave Komendat, president of DSKomendat Risk Management Services, which is based in the greater Seattle area. Some firms respond by beefing up security. For example, tech companies routinely require everyone attending a major event, such as Apple’s annual unveiling of the next iPhone or a shareholder meeting, to go through airport-style security checkpoints before entering. Others forgo in-person meetings with shareholders. ▶ Read more about how companies protect their leaders Those images include New York’s subway system, a law enforcement official said. In establishments where the person was captured on camera, he always appeared to pay with cash, the official said. The official wasn’t authorized to discuss details of the ongoing investigation and spoke to The Associated Press on condition of anonymity. — Mike Balsamo Medica, a Minnesota-based nonprofit health care firm that serves 1.5 million customers in 12 states, said it’s temporarily closing all six locations. The firm has offices in Minnesota, Wisconsin, Nebraska and North Dakota, and employs about 3,000 people. Employees will work from home, Medica spokesman Greg Bury said in an email Friday. “The safety of Medica employees is our top priority and we have increased security both for all of our employees,” a statement from Medica said. “Although we have received no specific threats related to our campuses, our office buildings will be temporarily closed out of an abundance of caution.” Bury also said biographical information on the company’s executives was taken down from its website as a precaution. The insurer cited the fatal shooting of UnitedHealthcare CEO Brian Thompson in its announcement about the Dec. 12 event. “All of us at Centene are deeply saddened by Brian Thompson’s death and want to express our support for all of those affected. Health insurance is a big industry and a small community; many members of the CenTeam crossed paths with Brian during their careers,” Centene CEO Sarah M. London said in a news release. “He was a person with a deep sense of empathy and clear passion for improving access to care. Our hearts are with his family and his colleagues during this difficult time.” Centene Corp. has grown in recent years to become the largest insurer in Medicaid, the state- and federally funded program that covers care for people with low incomes. Insurers manage Medicaid coverage for states, and Centene has more than 13 million people enrolled in that coverage. The insurance company also said it’s focused on ensuring the safety of employees and assisting investigators. “While our hearts are broken, we have been touched by the huge outpouring of kindness and support in the hours since this horrific crime took place,” the company said. But he said Friday that he’s confident police will arrest the shooter. “We are on the right road to apprehend him and bring him to justice,” Adams said on TV station WPIX. Later, it removed their names and biographies entirely. Police and federal agents have been collecting information from Greyhound in an attempt to identify the suspect and are working to determine whether he purchased the ticket to New York in late November, a law enforcement official said. Investigators were also trying to obtain additional information from a cellphone recovered from a pedestrian plaza through which the shooter fled. The fatal shooting of Brian Thompson while walking alone on a New York City sidewalk has put a spotlight on the widely varied approaches companies take to protect their leaders against threats. Experts say today’s political, economic and technological climate is only going to make the job of evaluating threats against executives and taking action to protect them even more difficult, experts say. Some organizations have a protective intelligence group that uses digital tools such as machine learning or artificial intelligence to comb through online comments to detect threats not only on social media platforms such as X but also on the dark web, says Komendat. They look for what’s being said about the company, its employees and its leadership to uncover risks. ▶ Read more about the steps companies take to protect their leadership Police said Thursday they found a water bottle and protein bar wrapper from a trash can near the scene of the ambush and think the suspect bought them from a Starbucks minutes before the shooting. The items were being tested by the city’s medical examiner.
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