A dynamic space the savoury snack market
As consumers' quest for efficacy and effectiveness continues to evolve, and consumers are unwilling to compromise on the quality of their products, the savoury snacks industry offers room for expansion. More is learned by Sonia Sharma.
The gluten-free claim will increase by over £128 million in the UK's savoury snack market, according to GlobalData, between 2016 and 2021. In just five years, this has increased in value by almost 50%. So what is behind this flood?
When it comes to overcoming obstacles in the Americas Savory Snacks Market innovation is essential as consumers become increasingly health-conscious. On-the-go snacking has become commonplace as it enables consumers to conserve energy for longer periods of time without requiring additional space or time due to hectic schedules and busy lives. Despite the fact that convenience has emerged as one of the most important factors, there are some drawbacks. Consumers are turning away from conventional snacks as a result of growing concerns about sugar, salt, and artificial ingredients. This could be in the direction of healthier options, broader influences from other cultures, or increased novelty factors.
Changing one's mind: a negative image Despite the fact that snacking can replace traditional meals, it is still associated with health risks. While the impact of wellbeing is vital in appetizing bites, it is fundamental to recall that customers won't have any desire to think twice about flavors they appreciate. When consumers consider what to buy, 87% of them consider flavor, according to GlobalData research. This is trailed by wellbeing and sustenance at 80%, cost at 75%, comfort and movability at 69% and pack size at 59%.
Brands have capitalized on the top two factors, flavor and health and nutrition, to appeal to consumers and change perceptions. Popcorn has emerged as one of the most successful products in recent years, challenging the more conventional crisp packet. Experts in market research attribute the popularity of popcorn to its perceived advantages over conventional potato crisps in terms of health.
Mike Kruiniger, an analyst with Euromonitor, stated: Due to growing concerns regarding their health, British consumers are abandoning conventional snacks. It's air-popped rather than seared". Popcorn's meteoric rise can be attributed to its low calorie content, high fiber content, and absence of gluten.
A surprising source: Protein popularity Popcorn isn't the only thing getting more and more popular. Insects, an unlikely source of protein, are currently being prioritized. As 76% of consumers worldwide are actively consuming protein as part of their daily diet, the industry is now fostering opportunities for new product development within the savoury snack sector as protein diets influence the mass market.
Slowly, the market for insect proteins has opened up, mostly to the United States as flour. This came to light because insects are thought to be a more sustainable alternative to traditional animal protein and can be a healthy and extremely nutritious food source. Additionally, this ingredient is exciting for the savory snack category due to its adaptability to powder form.
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