With all the recent gyrations going on in the confectionery industry, I thought it might be wise to get some outside perspective. Periodically I get a publication called U.S. Talking Points from Rabobank, written by senior analyst Nick Fereday. It’s essentially a brief on recent events affecting the food and beverage industries, peppered with Fereday’s observations.
Whether they're ferrying children between school and soccer practice or pulling a few more hours at work, consumers are busier than ever. But that doesn't mean they're willing to compromise on nutrition.
Allied Market Research’s recently released global sugar confectionery market report projects sugar confectionery sales will reach $55.594 billion by 2022. The study foresees an estimated CAGR of 3.2 percent between 2016 and 2022. It’s no surprise then that key industry players are leaving no stone unturned in tapping the immense potential of the market.
Wana Brands has been an innovator in the cannabis infused-products industry in Colorado since 2010. As one of the state’s original infused products manufacturers, the Boulder, Colo.-based company has developed a broad range of artisan, made-from-scratch edibles, concentrates and medicinal products, including the state’s most popular sour gummies.
At this month’s State-of-the-Industry Conference organized by the National Confectioners Association, several speakers reinforced the health and wellness trend as it applies to confections and snacks. At an early morning supplier member meeting featuring executives from Mondelez International, it became clear that this multinational’s focus rests on “well-being snacks.”