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. –FoodNavigator.com
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. –FoodBev.com