Every year poses its share of market challenges to companies operating in the snack and bakery market, a vital economic sector, which at retail alone accounts for over $100 billion in annual U.S. sales.
As far as Carla King is concerned, the contemporary cracker aisle is a far more welcoming, perhaps even a more progressive, place than it was when she was younger.
The grain-focused snack and bakery industry accounts for over $100 billion in annual retail sales. The core of those offerings originate from a select group of businesses, some who have served American consumers for many decades.
Perhaps as long as a decade from now, snack and bakery professionals will still be reckoning with the pandemic’s effects on consumer preferences and, subsequently, their own product development. And when they do, our current focus on wellness will continue to loom large.
Bakery and snack producers can choose from a wide range of convenience packaging solutions - single-serve, re-sealable, portion-controlled - to meet demands of retailers and consumers. The latest innovations offer reliable containment, product freshness, recyclability and sustainability, thus fitting the needs of on-the-go, convenience-oriented consumers.
Grains are a fundamental ingredient for snack and bakery products. They provide taste, texture, nutritional, and functional benefits. Consumers have a growing interest in wholesome plant-based foods and ingredients
Snack and bakery companies looking at new or improve extrusion equipment to create puffed and popped snacks, bakery items like nutrition bars, and other types of SKUs have features and benefits like cleanability, flexibility, and remote support high on their list of considerations, according to companies that make extrusion equipment.
The pandemic has heightened consumers' interest in health and well-being. According to the 2021 IFIC Food and Health Survey, 58 percent of respondents stated that healthfulness had an impact on their food and beverage decisions.