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Healthy Global Snack Market Continues To Evolve

October 21, 2015: 12:00 AM EST
The sweet and savory snacks market is not going away – it’s actually outperforming the rest of the packaged foods market – but is evolving or “repurposing,” according to Euromonitor. Meat-based snacks like Slim Jims have been “repurposed,” and are now popular among health-conscious consumers and selling much better than potato chips and candy in the U.S. and Europe. Millennials are eating fewer meals, and snacking more, especially on healthful snacks. Some traditional snack and candy companies are responding through acquisitions. Hershey, for example, bought Krave Jerky. And PepsiCo, which has seen major growth in potato and tortilla chip sales in Japan and China, is gradually turning toward healthier snacks to boost U.K. and U.S. sales.
Jack Skelly, "What’s New in Sweet and Savoury Snacks: Opportunities Abound for a New Wave of Products", Blog, Euromonitor International, October 21, 2015, © Euromonitor
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