2023 Snackonomics Report

Amidst a return to post-pandemic normalcy and rapid inflation, consumers find themselves at the centre of a storm.

With price becoming a top concern, shoppers are modifying their behaviours to minimise the impact on their wallets.

The new research report, Snackonomics, drills into the $135B snacking segment, revealing insights into shopper preferences around channel choices, brand-versus-private-label, meal behaviours, pack sizes, ingredient formulation, and more.

The fast-growing snack market may be viewed as a microcosm of shopper trends across the total food market, reflecting widespread consumer preferences for value, convenience, flavour profiles, and healthy ingredients.

Learn more about snack market trends and shifts; the evolution of when and where people are eating; and nutrition and formulation.

Download the report here to learn which 5 levers snack brands can utilise to find growth beyond inflation.

Source: NIQ

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