Panel at IFT First in Chicago talks about the headwinds caused by higher food prices and how to cope and succeed.

In 2023, consumers on average enjoyed a sweet treat just over 400 times, about 20% more than better-for-you snacks. 

PLMA cites “superior performance at checkout versus national brands.”

Consumers are eating upwards of $8 billion in snack, nutrition bars although sales have been a mixed bag.

Consumers like the classic flavors but also gravitate toward new and inventive products.

Getting the value proposition right is key to tapping into buyers and fulfilling their needs.

As consumer eating habits become more fluid, especially among younger generations, the category is evolving its offerings to break into new occasions.

A predominant trend at the IDDBA show reflects consumers’ desire to indulge a little, but not too much.

Third-quarter sales jump 6% as Sovos Brands begins to boost financial results.
 

Sales increase 4.6% in the first quarter behind private label momentum.