Nut

Consumers are going nuts over nut-based snacks, which is partly responsible for driving up the price of the commodity. Pic: ©iStock/Andris Tkachenko

PepsiCo brings Sunbites to nuts amid rising commodity costs

By Gill Hyslop

PepsiCo’s UK snacks subsidiary, Walkers, Ireland’s Kestrel Foods and Yorkshire's Bite UK are entering a category that is growing faster in the UK than potato chips, but they will be contending with higher nut prices.

Kraft introduced its Planters brand to China last year to crack into the country's nut snack market. Pic: China Candy

Want Want, PepsiCo and Orion only account for 19% of the Chinese snack market. Could nuts and seeds be a future disruptor?

Savory snacks market in China expected to reach $16.6bn by 2021, Euromonitor

By Douglas Yu

A recent Euromonitor report projected China's savory snack market will reach sales of 3,676,200 tons and 144.1bn RMB ($16.6bn) by 2021 with 4% retail volume CAGR and 6% value CAGR. 

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