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Anne-Marie Roerink, Principal of 210 Analytics
2024 Trends: Balancing Value and Indulgence
The dominant story of 2024 was the “value balancing act,” as consumers skillfully navigated between indulgence and practicality. This year saw a surge in at-home cooking, with many skipping restaurant visits, boosting sales across categories. At the same time, value-conscious shopping was pivotal—consumers sought deals, shopped more frequently, and gravitated toward everyday low-price retailers. Meal planning, avoiding food waste, and choosing private-label brands became commonplace strategies.
Consumers are blending price considerations with emotional triggers like mood, convenience, nutrition, and sustainability. For candy and snacks, this translates into a mix of frugality and splurges, particularly during holidays, celebrations, or moments of self-care. Non-chocolate candy gained popularity, as did snacks that doubled as meal complements.
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