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.
Demand for New Generation Plant-Based Meat Alternatives
According to an article from 2021 in CNBC, the plant-based meat in grocery stores have increated 27% over the course of the year with over $7 billion in sales.
