75% of consumers who cut back on overall spending say high food prices are the main reason.
May 19, 2023
To manage their food spending, U.S. consumers are finding ways to manage higher food costs by shopping at value retailers, spending less on non-food purchases, and switching to store brands, says Circana.
The snack cakes and loaves sector showed great promise over the last 12 months, presumably because consumers are now out and about more, and they want individual servings or on-the-go bakery snacks to fit their busy lifestyles.
Millennials tend to gravitate towards new or fruity gum and mints flavors, such as lemon or lemonade, whereas other age groups continue to enjoy classic mint flavors.
Consumers turn to chocolate and candy as an affordable treat.
March 6, 2023
The 2023 State of Treating report released today at NCA’s annual State of the Industry Conference offers a deep understanding of ever-evolving consumer attitudes and behaviors.