Snack Industry in Crisis: What's Next for America's Favorite Treats?
The U.S. snack industry is facing a major slump. Sweet and salty sales are dropping as consumers cut back due to economic pressures and health concerns. But what does this mean for companies like Campbell's and PepsiCo? Tune in to find out.
Join Alice and Lewis as they dive into the struggles of the U.S. snack industry, where sweet and salty snacks have seen significant declines in unit sales. Explore the factors behind the drop: from price hikes and the rise of GLP-1 weight-loss drugs like Ozempic to shifting consumer preferences. Learn how major companies like Campbell's, JM Smucker, and Mondelez are adapting with new strategies, such as smaller portion sizes and healthier options. Discover the impact of fast-food competition and how the snack sector is evolving in response to these challenges. This episode unpacks what the future holds for America's snack industry and the big players trying to stay relevant.
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