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.
Naturli’ Foods opens alt-meat manufacturing facility in Sydney
European alt-meat and alt-dairy company Naturli’ Foods has opened a manufacturing facility in Sydney’s North Rocks in partnership with Botany Group. The two companies said Australia is the third-fastest growing vegan market...
