Consumers globally are increasingly health conscious—they want healthier ingredients in food and drinks, with lesser sugar content. Transparency in where ingredients are sourced is also key in gaining consumer trust and loyalty, as sustainability in the products they purchase are important to them. Tom Vierhile, director of innovation insights at GlobalData, shares his views on how the health & wellness trend and changing consumer tastes are driving the confectionery and snacks market.
More consumers in China are now focusing on their health, creating new opportunities for healthy snacks, according to Mintel.
Snacks that are high-caloric, especially those containing chocolate, are craved by young women, according to research by the University of Salzburg.
What customers and end consumers want is most important in food processing, says Jim Strang, CEO, Asia/Pacific and Europe, Heat and Control. He elaborates on how food processors can meet these wants.
Narayana K. Widjaja, head of Indonesia Industrial and Exports, Golden Agri-Resources, gives an insight to the snacking trends of Asia.
Asian consumers are becoming increasingly adventurous when it comes to snacking. Seasoning technology plays a key role in providing consumers the sensory experience they want while helping manufacturers improve their bottom line. By David Woollard, group product manager, seasoning, tna
Representing a compound annual growth rate (CAGR) of 7.9 percent, the worldwide savoury snacks market is projected to rise from US$94.5 billion in 2015 to US$138.2 billion by 2020, according to consumer insight firm Canadean.
New research by Euromonitor showed that global snacks growth was at its lowest levels since 2008 last year, with an increased by just 1.7 percent in retail value. Confectionery, which is the largest sector in snacks, grew by the smallest amount at one percent.
Several trends in the candy and snack industry have emerged from the Sweets & Snacks Expo organised by The National Confectioners Association and held last month in Chicago. From bites, barks and thins to unconventional ingredients, new products continue to evolve in the areas of taste and packaging.