Trends to Watch for in 2017

Driven by more urban living and growing demand from developing countries, forecasters say the global market for savory snacks is expected to grow from $94.5 billion in 2015 to $138.2 billion by 2020.

chocolateResearch from several organizations, including Technomic, FONA International, Sterling-Rice Group and Mintel, points to a similar conclusion, that busier lifestyles are leading to consumers replacing main meals with more flexible, light and convenient snacking options.

Technomic reports that snacking has been on the rise for several years, but the last two years have marked a particularly notable growth, with 83% of consumers in 2016 vs. 76% in 2014 saying they snack daily. The growing trend of “snackification" is driving the demand for portable and on-the-go formats well-suited to the convenience-store retailer.

More salty snacks with savory flavors; top flavors include smoke, vinegar, honey, spice, beef, pizza, barbecue, and chargrilled.

• Roasted and toasted; examples include roasted coconut kale chips, ovenroasted sweet potato chips and a variety of roasted nuts.
• Better-for-you continues to grow; look for ancient grains, root vegetables and seaweed. One surprising comeback? sardines!

• Packaging and portion size matters; 59% of consumers say it’s very important that snacks aren’t too large.
• Kids are influencers; kids are the biggest influencers when it comes to purchasing snacks and parents are more aware of what they are putting into their children’s mouths.
• Sweets still in demand; chocolate can be seen as the perfect way to relieve the day’s tension.
• Think crickets for protein; consumers are starting to seek cheap sources for protein, and experts say that eating crickets will be the next big thing.
• Breakfast fare for snacks; forecasts show that operators will experiment with bundled, all-day breakfast value meals, as well as pairings of snack-sized beverage and breakfast items.



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