Since the onset of the COVID-19 pandemic in March 2020, snacks has been the most affected within the packaged food industry. Greater health concerns, coupled with a drastically reduced number of impulse purchase occasions, have been major factors behind the slowdown in the growth of snacks in value terms. Confectionery has undoubtedly been the category most exposed to these new circumstances, but not all has been negative, as savoury snacks came out of 2021 even stronger, as the top snacks category. Going forward, there are six trends that will further shape the industry: the rise of special diets; sugar reduction; hometainment; digitalisation; sustainability; and plant-based eating.
Meat industry giants are diversifying their portfolios by including investments in alternatives to conventional meat
Quotes from GlobalData, April 11, 2024 The emergence of plant-based substitutes and the introduction of lab-grown, also referred to as 'clean', meat replacements are developments that are closely monitored by major meat...