The "Reporter" keeps you up to date with Lehi Valley news, tips and related industry news. You'll get an email each quarter letting you know of new content, but you can easily find past articles and information here.
Every year, the Sweets & Snacks Expo, hosted by the National Confectioners Association, is at the forefront of the candy and snacks rising trends. In the face of the COVID-19 pandemic, the candy and snack industry has persisted by introducing innovative new products to appeal to consumers. This year, spicy flavors are predicted to be a hot trend. (Pun definitely intended.)Read More
Convenience Store News shared an enlightening article about the "Four Reasons You Should Make the Jump Into Private Label", written by Renée M. Covino. They shared the results of a poll which showed that:
- 91 percent of consumers agree that a good experience with store brand products makes them trust the store more;
- 74 percent shop at a store specifically because of its store brands; and
- 63 percent trust store brand products more than national brand products because store brands stand behind their products.
Younger generations in particular are inclined towards buying private label....Read More
Mondelēz International released their 2021 Global Consumer Snacking Trends Study, known as their annual State of Snacking™ report. This insightful report includes Mondelēz International’s proprietary findings about snacking trends as they relate to the role snacking plays in consumers’ lives as well as consumer preferences and how they have changed since the 2020 report was released.
Some key findings are:
85% eat at least one snack for sustenance and one snack for indulgence each day
When looking for snacks for sustenance, “62% reported replacing at least one meal with a snack, even hi...Read More
There's no doubt retailers, including grocery industry retailers, have seen increasing challenges over that last two years. Between higher costs of goods, supply chain challenges, and continued competition with digital commerce, retailers are looking for positive signs for the end of 2021 and into 2022.
According to two surveys by Advantage Sales, a division of Advantage Solutions:
- 60% of manufacturers and 70% of retailers forecasted higher dollar sales in Q4 2021 than the previous year
- 1/3 of manufacturers expect supply levels to top 90% of Q4 2021 and project continued growth due to i...
According to two studies developed by the National Association of Convenience Stores (NACS), retailers can boost better-for-you product sales with two simple and low cost merchandising tricks: moving better-for-you items to the checkout area and calling attention to healthy attributes; and co-merchandising better-for-you items with traditional snack items.Read More
According to a new Nielsen report, featuring nutritional attributes on package – often referred to as “clean”product attributes – leads to increased sales. While there is no definitive definition of what “clean” means, there are many nutritional attributes called out on packaging that are making consumers not just notice the package, but also purchase!Read More
BMC Medicine published a large analysis of current research to determine the effect of eating nuts on risk of cardiovascular disease, coronary heart disease, stroke, cancer, diabetes, and many other diseases and causes of mortality.Read More
Research and Markets February 2017 report indicates that the “global extruded snacks market reached a value of around US $50 Billion in 2016, growing at a CAGR of around 3% during 2009-2016! Extruded snacks are made by forcing a grain flour mixture through a die at high pressure which expands and shapes the productRead More
Packaged Facts “Healthy-Ingredient Snacks in the U.S., 2nd Edition” market research report shows the compound annual growth rate (CAGR) of healthy snack sales outpacing the overall food and beverage market by 4.7%, with a projected CAGR of 5.7% between 2016 and 2020! Some key trends at play include: “Free from” and similar ingredient claims continue to drive…Read More