Data and analytics firm GlobalData has suggested that the snack sector will change as consumers move away from the 'on the go' trend towards healthier, eat-at-home options.
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Data and analytics company GlobalData has suggested that, by adapting to the coronavirus pandemic now, food brands will be presented with new opportunities in the future as consumers' priorities change.
In a survey conducted by GlobalData, almost a third (32 percent) of US consumers admitted to buying significantly more or stockpiling meat products after fears of shortages.
The move, intended to prevent shortages and disruptions to the supply chain, comes as approximately 3,300 US meat plant workers have tested positive for the virus and 20 have died.
Gen Z, who are still relatively ‘new’ drinkers, are reportedly not bound by traditional flavours - with 31 percent opting for new, trendy options and 30 percent choosing flavours classed as unusual.
Montanya Distillers CEO, Karen Hoskin, has said women have seen progress in the alcohol industry, but investments remain low.
GlobalData’s 2019 Q3 consumer survey found that 71 percent of global consumers consider it ‘quite’ or ‘extremely’ important for product packaging to be made from sustainable or renewable sources.
The World Trade Organization has approved US levies worth $7.5 billion on EU imports.
According to a new survey, the beverage sector has undergone a significant transformation over the last decade.