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Snacking market requires innovation and diversity, NPD research reveals

10th Jul 2015 - 08:33
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Snacking market requires innovation and diversity, NPD research reveals
Abstract
Market research company NPD has said that the snacking market requires innovation and diversity to attract consumers to spend more during snacking occasions.

The research says that the decline in snacking is associated with the economic crisis, which has an impact on consumer confidence. As a result, Britons feels less financially secure and choose not to spend on non-essential products and meals.

An average of 1.8 items are purchased at a snacking occasion and there are 3.2 billion snacking visits annually, equating to a spend of £7.6 billion annually.

The typical snacking consumer is age 35+ and consumers aged 18-24 particularly favour commercially prepared snacks.

15% of people snack in workplace canteens and travel & leisure destinations, whilst 12% use vending machines and 10% use quick service coffee outlets. Retail/supermarket destinations lead with 18%.

The top snacking foods are speciality coffee (19%), carbonated soft drinks (13%) and sandwiches/wraps (13%).

The NPD research says that healthier snacking options are a growing market trend as consumers are more and more conscious of the impact of food on their health.
 

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Written by
PSC Team