The future looks sweet for the global confectionery sector, and foodservice operators stand poised to unwrap a world of opportunities.
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Topics: Millennials, Gluten-Free, Non-GMO, Chocolate, Consumers
Given the huge millennial snack market for bold flavor adventures, it can be easy to emphasize novelty over traditional snacking favorites. And yet nostalgia feeds an emotional need to re-experience food products from a time consumers long to relive. Harkening back to the good old days can make consumers yearn for the snacks and comfort foods of yesteryear. For savvy foodservice operators, memory lane can be the road that leads to big snack sales.
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Topics: Millennials, Appetizers/Snacks, Snack, Baby Boomers, Gum & Candy, Chocolate, OREO, Dessert Ingredients
As a powerful driver of menu innovation and a focus of foodservice customer service, millennial mania has reached epic proportions. Having surpassed baby boomers as the largest generation,1 millennials have become the Holy Grail for foodservice and restaurant operations eager for a higher check average. The millennial snack attack is more like a fever for flavor and convenience that has spread across the industry.
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Topics: Millennials, Cookies/Bars/Snacks, Cakes/Cupcakes, Snack, Gen Z, Baby Boomers, Better-for-You, Chocolate, Demographic
Among snacking trends, candy is giving the industry a lot to chew on, both as a profit engine and an evolving market.
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Topics: Desserts, Gum & Candy, Chocolate, Cookies, snacks
As the millennial obsession with shifting snacks from guilty pleasures to healthy treats causes food operators to reassess and reinvent old favorites, chocolate sales have been bittersweet. Still a hugely popular snacking staple, chocolate generated $18 billion in 20151 and sales are projected to reach $25 billion in 2019.2 But an array of healthy snack options, including nutritional bars, nuts and chips, is eating into the chocolate market.
UBS analyst Steven Strycula told CNBC that there is “a lot more snacking alternatives or substitutable occasions that is taking people away from traditional sugar confection and also that everyday kind of chocolate purchase."1
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Topics: Desserts, Millennials, Bars, Chocolate, Sales & Profitability, snacks, Operations
