Snacks

2023 has proven to be challenging for overall sweet biscuits, snack bars and fruit snacks in retail volume terms, with sales expected to decline compared with 2022. However, the category is set to see continued retail current value growth. As…

Retail volume sales of sugar confectionery have been struggling to maintain growth in 2023, due to the growing health and wellness trend, as local consumers are increasingly concerned about their sugar intake, as well as seeking to avoid unnecessary…

Snacks is set to see an increase in retail current value terms in 2023, with similar trends from 2022 persisting. The prevailing high cost of living and price rises will continue to drive current value growth across all snacks categories. In turn,…

Unit prices of savoury snacks, in particular salty snacks, have continued to increase in 2023. This is being driven by steep increases in production costs due to escalating palm oil prices after Indonesia’s export ban, and is expected to result in a…

Demand for ice cream is expected to continue growing in both retail volume and current value terms in 2023, driven by consumers’ desire for indulgence, yet growth is set to be at more moderate rates than in 2022. In retail volume terms, apart from…

With the rising cost of raw materials for chocolate confectionery, such as dairy ingredients, cocoa beans, sugar, and oil, many brands are actively seeking ways to improve their profit margins, such as reducing production costs by pushing product…