Not all snacks are equal, according to Jaren Koerten, head of packaged food at Euromonitor: some have attained premium status, while others are ‘in the process’ of premiumization.
Private label manufacturer Biscuit International has acquired Northumbrian Fine Foods (NFF) from CriSeren Foods to extend its reach in the dynamic free-from market.
Savory snacks in Western Europe posted a total retail value of around $26bn in 2016, but the category has only grown grew by 1.8% since 2011, falling behind the global average, a new report from Euromonitor shows.
Snacks and confectionery value sales growth has slowed to its lowest level in at least five years in many parts of the world, according to data from retail analysts Euromonitor International.
Adding an exotic ‘superfood’ ingredient gives fresh appeal to a well-established product – and manufacturers don’t have to look far for the latest one as analysts say that post-recession consumers want local, simple ingredients.
Breakfast biscuit makers should reduce sugar and calorie content and develop healthier variants if they want to secure continued growth, says Euromonitor International.
Manufacturers are hungry for ingredients that can aid weight management, says a new report from Euromonitor, but long-term advantages will only come with legislative approval and consumer education.
The trend for healthy and functional foods will continue to
dominate the bakery market this year, resulting in yet still more
space for innovation in this area, a new report claims.
A large number of global breakfast cereal manufacturers are failing
to take advantage of the potential for their products in markets
such as Eastern Europe and Asia, according to consumer analyst
Euromonitor.
Innovation pushed from flavour firms operating in this competitive
sector brings food developers new opportunities to improve the
final product as ICI flavour subsidiary Quest International,
streamlined in May this year through the...
Consumers and producers are united in their desire for lighter,
functional packaging on the Russian food market, driving the
development of plastics and paper in the dairy, bakery and
confectionery sectors and sending traditional...
Consumers and producers are united in their desire for lighter,
functional packaging on the Russian food market, driving the
development of plastics and paper in the dairy, bakery and
confectionery sectors and sending traditional...
Thin, flexible and easy to handle - that is the major food
packaging trend emerging on the Polish market, helped along by
rising sales of dairy products and new hygiene laws on baked goods
in shops, writes Chris Mercer.
The consumption of baking mixes in the Asia Pacific region may be
low, but a rash of new launches on the market suggests that all
that might be set to change, as time-starved households move
towards quicker, easier alternatives.
Although the market for bakery mixes in Central and Eastern Europe
remains small, it is growing as consumers strive to bake at home
and save time. The latest look at the launches for this category
shows that variety is the driving...
Looking at the range of processed meat products being launched onto
the Eastern European market at the present time bears witness to
the increasingly ambitious recipes that the region's food producers
are now trying to entice...
Growing income levels and less time for eating are contributing to
the growth of the snacking industry in central and eastern Europe.
And savoury snacks have played a major part of this growth, as the
latest product launches from...
The market for functional food products has grown steadily for
several years now, focusing primarily on the dairy sector. But
other sectors of the food industry, such as bakery and snacks, are
beginning to see more functional products...
The market for functional food products has grown steadily for
several years now, focusing primarily on the dairy sector. But
other sectors of the food industry, such as bakery and snacks, are
now beginning to see more functional...
![The breakfast biscuits sector needs healthy innovation to secure future growth, says Euromonitor International. BelVita [pictured] kickstarted the market.](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/7/8/4/9/1789487-1-eng-GB/Euromonitor-Breakfast-biscuits-threatened-by-health-concerns.png)
