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FEBRUARY 2016
OVERVIEW 2
9% 7 times Mexico’s.
8%
7%
North America
6%
• Retail volume sales are down
5% since 2010.
2%
1% Latin America
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OVERVIEW 3
Cakes
Confectionery
Packaged
Food Snacks Ice Cream
Universe
Pastries
Yogurt
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OVERVIEW 4
8%
Colombia Chile
6%
Developed, but still growing
Peru by successfully meeting the
4% Mexico latest consumer needs.
Opportunities as consumers US
2% shift away from artisanal / Canada
unpackaged snacks.
0%
$0 $100 $200 $300 $400 $500
US$ per capita
CAGR : compound annual growth rate
In this graphic we consider the trajectory of select countries’ US$ snacking per
capita consumption over the previous five years to arrive at their 2015 level.
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OVERVIEW 5
Snacks Penetration
2005 2015
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OVERVIEW 6
Increasingly consumers
are looking to a variety
of packaged food
products to satisfy their
snacking needs. As
seen here in the
diversity of the fastest
growth categories,
success is not one-
size-fits-all. Consumer
demand is driving
categories that best
2015 Fastest Growth Category
adapt to their daily
routine and meet their Cakes
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SNACKING DRIVERS 7
Packaging
Innovation
(Re-closable, Portable)
Elements of
Convenience
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SNACKING DRIVERS 8
Costa
Country Argentina
Rica
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SNACKING DRIVERS 9
Busier Distribution:
Distribution: Packaging:
Lifestyles: Consumers
Focus on more
Driver Rapid growth in
convenience-
Socioeconomic portable product favour
trends promote convenience-
focused retailers packaging
snacking based channels
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SNACKING DRIVERS 10
Regulation:
Taxes or other
Indulgence: regulations
against junk food
Consumers still
want to treat
themselves
Obesity
crisis:
Consumers
looking to eat a
healthier diet
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SNACKING DRIVERS 11
In Mexico, an 8% special tax on In Chile, new regulation will tag Bolivia, Costa Rica, Peru and
high-caloric food took effect in all products that exceed a Uruguay introduce bans on the
January 2014, impacting many certain threshold of sugar, sale of foods high in salt, sugar
snack food categories. saturated fat, or sodium with a or fat content at schools.
In response, manufacturers in notorious “high in” label.
In some cases, these regulations
categories like confectionery Companies are working to have helped other categories. In
introduced smaller portion sizes change their product Peru, snack bars has grown,
to reduce the selling price of the formulations or stand to witness including brands like Angel
product and maintain sales. declines in sales. Break, which are marketed for
children.
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SNACKING DRIVERS 12
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SNACKING DRIVERS 13
Premium, Less-Processed,
Better-for-You Snacks Consumers increasingly want snack foods that they
can eat in place of traditional meals. This benefits
higher-protein snacks which aid in satiety, as well as
WINNERS
better-for-you offerings that cut the amount of salt, fat
or sugar in a consumer’s diet. At the same time,
shoppers are increasingly turning away from artificial
ingredients in favour of more natural snacks.
Highly-Processed, Less
Healthy Snacks Snack foods that are high in sugar, fat or calories
face challenges from both government regulation and
LOSERS
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14
Sean Kreidler
Research Manager
Sean.Kreidler@Euromonitor.com
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