Consumers are increasingly adding more protein to their diets, prompting food manufacturers to take action. Companies like Hershey’s, General Mills, and Tyson Foods have recognized this shift and invested in protein-rich products such as meat snacks, Greek yogurt, and plant-based alternatives. In fact, U.S. per capita meat consumption saw a nearly 5% rise in 2015, marking the largest increase in 40 years.
Over the past year, Conagra has committed to prioritizing consumer brands, resulting in the divestiture of its Ralcorp private label brands business, Spicetec, and JM Swank, alongside the spin-off of Lamb Weston. These strategic moves have allowed Conagra to bolster its presence in the snack sector, which is favored by millennials and Generation Z, who are typically more health-conscious. Research from the NPD Group indicates that nearly a quarter of all snack consumption now occurs during main meals.
As food manufacturers navigate an increasingly competitive landscape, the acquisition of trendy companies focused on protein-rich snacks and healthier ingredients, such as those that might feature items like Solgar Calcium Magnesium Citrate 100 tablets, is expected to persist. This focus on better-for-you options will likely drive further innovation and investment in the snack food market.