Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Report: Impulse Snacking on Decline

foodprocessing 2019-04-17
Share       

       A decline in impulse purchases has potentially bad long-term consequences for sales of packaged snacks, a Euromonitor analyst said in a recent webinar.

       In the webinar, “Meeting the Needs of the New Age Snacker,” Jared Koerten, industry manager of food and nutrition, said two trends are depressing impulse purchases inside supermarkets: less interest in the center store, and fewer visits to brick-and-mortar retailers overall due to increases in e-commerce. The center-store area and the checkout stand are the two areas in conventional supermarkets wher impulse buys occur most often.

       As a result, shoppers, especially younger ones, make fewer impulse purchases. Those agreeing with the statement “I often make impulse purchases” dropped from about 27.5% in 2013 to about 23% in 2017. Similarly, those saying yes to “I regularly buy myself small treats because I deserve them” went from about 36% in 2013 to about 31% in 2017.

       Koerten identified e-commerce as a growth area for snack purchases. It currently has only about a 3% share of sales, but its annual growth for the last five years is more than 20%, roughly four times that of traditional retail channels.

       Another factor, Koerten said, is that when shoppers do want to indulge, supermarkets are increasingly offering fresh alternatives to packaged snacks, such as baked goods. He recommended that snack makers step up their online retail strategy and take more creative approaches within traditional retailers.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Compound probiotic drinks

Compound probiotic drinks

eN-Lac APF probiotic capsules

eN-Lac APF probiotic capsules

SODIUM PYROPHOSPHATE

SODIUM PYROPHOSPHATE

GLUCOSE SYRUP

GLUCOSE SYRUP

DZP(Q)500/2SB Vacuum Packager

DZP(Q)500/2SB Vacuum Packager

Food Grade Fish Gelatin

Food Grade Fish Gelatin

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121