The widespread closures of restaurants, hotels, and other foodservice outlets resulting from the coronavirus pandemic have led to a dislocation in food demand.
With all the recent gyrations going on in the confectionery industry, I thought it might be wise to get some outside perspective. Periodically I get a publication called U.S. Talking Points from Rabobank, written by senior analyst Nick Fereday. It’s essentially a brief on recent events affecting the food and beverage industries, peppered with Fereday’s observations.
The snack bar market has blossomed at twice the rate of other snack food sectors and at almost three times the rate of the overall packaged food sector during the past 10 years, says Rabobank Group’s latest report, ‘Never Eat More Than You Can Lift.’ One of the leaders of the pack in the category is Clif Bar & Co., according to the report.