created over 2 years ago | Tagged:
Hectic lifestyles have driven consumers away from traditional meals toward quick, convenient foods, helping to fuel healthy growth in the global snack foods market, according to a new report from Global Industry Analysts (GIA).
“Paucity of time, life style changes and the convenience factor are bringing to fore the time-elevating advantages of snack foods and supporting the continuous demand increase for the industry,” the market researchers said.
“Continuous innovations in flavors, and tastes, especially exotic, and sophisticated flavors, are expected to help the market score huge gains in the upcoming years as, recession or not, consumers never comprise on taste and flavor,” the report said. “With a growing percentage of the global population in both developed and developing countries, eating fewer full meals and indulging more on snacks, the sector is encroaching the territory of convenient breakfast and dinner solutions.”