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Snacking is an American pastime. Mintel's Snacking Motivations and Attitude study have the proof stating, “Snacks account for 51% of all food sales, and 92% of adults in the United States have snacked within the last 24 hours.”
For several years, the Packaging Strategies list of the Top 50 Food Packaging Companies has changed very little. Sure, there has been some juggling of the ranks, but once again, Nestlé, JBS, Tyson, Pepsico and Mars round out the top five food packaging companies in the 2018 rankings.
The global bakery industry has seen revenue rise to around $408 billion over the past five years, with the industry's contribution to the global economy projected to grow at an average annual rate of 2.6%.
Now and in the future of the snack food industry and packaging trends, we’ve seen a significant shift in not only the greater market share and consumer demand, but the way that snacking is viewed from both consumer and provider perspectives.