Value-Added
Ag. to Tap "Snack-Food" Trend?
By: Rob Holland
September 2001
If value-added
entrepreneurs are looking for a "developing or expanding"
product market to tap, "snack foods" is probably
on the short list. To the tune of a predicted 25 billion-dollar
market, Americans love snack foods. Salty, chocolate, meat
and fruit snacks are so popular that the afternoon snack is
often noted as the day's unofficial "fourth meal."
According
to Rob Holland, Feasibility Specialist with The University
of Tennessee's Agricultural Development Center, "the
snack food category provides a credible opportunity for some
value-added food operations to expand their product line."
Many Tennessee agriculture commodities can be processed and
packaged for the snack food market. Examples of snack products
considered or developed through the ADC include beef jerky,
salsa, cookies, soy-snacks and microwave popcorn.
Surveys
have shown that nine of ten respondents eat salty snacks each
week while 25% do so on a daily basis. More than three-fourths
(79 percent) of snackers say they munch on salty snacks while
71 percent choose chocolate, 73 percent candy/cookies and
52 percent dried fruit.
The move
toward low- and no-fat foods in the early 1990s has waned
recently and a surge to full-flavor snacks is occurring. Recent
national surveys have shown a preference for the original
versions of some snack foods that have tried low-fat and fat-free
varieties.
The snack
foods category garnished 710 "new" products in 1999.
Candy, cookies, chips, cakes/pies, meats, popcorn, dried fruit
and nature bars/mixes are some of the most popular new and
stand-by snack products with value-added agriculture connections.
In fact, Tennessee value-added farm enterprises have branded
products in each of these categories.
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