Consumer products M&A update: Q4 2025

The Producer Price Index for food and beverage retailers decreased from 279.3 to 275.6 between September 2025 and November 2025, indicating easing retail margins.

Consumer products and retail trends

  • Food and beverage
    The Consumer Price Index US city average for food and beverages has increased by 2.7% from December 2024 to December 2025.1
  • Health and personal care
    In the US, Gen Z and millennials report that wellness spend accounts for 41% of annual budgets, positioning younger generations as the fastest-growing driver of future wellness demand and purchases.2
  • Multi-unit and consumer services
    American consumer spending in the retail and food services sectors rose 3.5% year over year from October 2024 to October 2025.3

 

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References

1 US Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: Food and Beverages in U.S. City Average, retrieved from Federal Reserve Bank of St. Louis (FRED), accessed January 2, 2026.
2 Precedence Research, “Wellness becomes a lifestyle Gen Z and millennials lead the shift to daily, comprehensive well-being,” press release, February 11, 2026.
3 US Census Bureau, “Advance monthly sales for retail and food services, December 2025,” February 10, 2026.

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