Post Categories: June 2013

Global Industry News

A recent study revealed that older adults spend proportionally more of their income on food, beverages and non-prescription health products than people under 60. Though they tend to buy fewer items overall, they spend more per item. – A.T. Kearney and The Consumer Goods Forum

94 percent of U.K. consumers report changing their spending habits in response to the economic downturn of the last 5 years, much to the benefit of CPGs and grocery retailers. Sales of baking products have increased 84 percent, while sales of packaged snacks have increased 29 percent. –

Confectionary sales are on the rise in all areas of the globe, especially the Asia-Pacific region, and are expected to reach $208 billion by 2017. Chocolate leads the way, representing 55 percent of total confectionary sales worldwide. –