Innovation in Savory Snacks: Premiumization through new healthy, natural, ethical, gourmet and ethnic products

Business Insights
December 1, 2009
118 Pages - SKU: RET2539933
License type:
In 2009 the global snacks market was worth $74.7bn and the market is set to grow in value by $10.8bn to $85.4bn by 2012. Value growth will be driven by a mix of steady growth in the most established markets in Western Europe, the US and Asia Pacific regions and the high growth of the emerging markets, in particular South and Middle American markets and Chinese, Indian, Russian and Turkish markets. Three key areas of innovation will drive development in snack formulations; these are premiumization, health and ethics. Innovation will be most significant in areas where the trends overlap, and as a result the �natural� positioning will significantly increase in importance.