News Topic: Data & Insights


Global Chocolate Market To Exceed $145B By 2026

Pune, India — Worldwide sales for chocolate are expected to hit $145.17 billion by 2026, representing a compound annual growth rate of 3.5 percent during the forecast period, according to Fortune Business Insights Pvt. Ltd. The market research company anticipates candymakers’ drive to improve chocolate …

Grocery Spending Remains 23% Higher Than Pre-Pandemic Levels

New York — While average household grocery spending has tapered since its coronavirus-driven peak in March, it still remains 23 percent higher than pre-pandemic levels, according to market research and advertising consultancy NCSolutions (NCS), which notes this shift along with grocery baskets reminiscent of …

Candy Bars To See Fastest Growth In Global Organic Bar, Snack Markets

Portland, OR — Global organic bar and snack sales, which stood at $8.7 billion in 2017, are poised for a compound annual growth rate (CAGR) of 13.6 percent through 2025, according to Allied Market Research. The organic candy bar sector is expected to see …

Fruit Snacks, Pretzels See Lifts From ‘Pandemic Pantries’ Purchases

New York — Shoppers are thinking beyond emergency items such as canned goods and bottle water as they shop for ‘pandemic pantries,’ according to The Nielsen Co. (US), LLC, which notes fruit snacks and pretzels are seeing dollar and unit sales gains. For the …

CMOs Challenged By Consumers’ Personalized Engagement Demands

San Jose, CA — Nearly three-quarters, 72 percent, of CMOs say it takes them too long to act on insights from data, resulting in hurdles when it comes to meeting shoppers’ personalized engagement expectations, according to a study by the CMO Council in partnership …

Natural Colors Market To Grow 8.4% By 2027

London — Global sales for natural food colors are expected to increase 8.4 percent, compounded annually, by 2027, according to Meticulous Research, which projects the market value at $3.2 billion at the end of the forecast period. During 2019, the carmine segment controlled the …

Most CPG Brands ‘Merely Keeping Pace Or Catching Up’ To Ecommerce

Boston — A vast majority of CPG brands, 71 percent, report they are “merely keeping pace or catching up” when it comes to ecommerce, according to a joint survey conducted by Kantar Group and Profitero Ltd. Just 17 percent of survey respondents believe their organizations …

85% Of U.S. Shoppers Plan To Alter Buying Habits Because Of COVID-19

New York — Market research company GfK SE reports 85 percent of U.S. shoppers expect to change their purchase behaviors as a result of coronavirus (COVID-19). Adjustments include preparing food more often, shopping during non-peak hours, relying on ecommerce more, and postponing or canceling personal …

Flexible Packaging Market To Grow Around 4% By 2025

Bangalore, India — Worldwide sales for flexible packaging are expected to increase 3.9 percent, compounded annually, by 2025, according to Valuates Reports, which anticipates sales to hit $194 billion by the end of the forecast period. Technical advances such as plastic-based flexible pouches and …

NCA Releases Wide Ranging Study Highlighting Consumers’ Mindsets, Trends

Boca Raton, FL — NCA’s recently released State of Treating 2020 report found that only 20 percent of consumers view shopping the candy aisle similar to that of the bread section, a more than 20 percent drop compared to sentiments shared just five years …