Many businesses and companies were able to adopt the new normal in the post COVID phase and moved on to a thriving phase again, but still, many are vulnerable to the economic shock on the individual level. The unemployment has skyrocketed, and this has affected various individuals along with worsening and widening the income gaps in countries. Moreover, there has been a significant fall in discretionary goods prices like clothes or recreation, but the expenses of basic things like healthcare and housing have increased considerably. These factors have cumulatively brough notable changes in the mindset and behavior of customers. “Given the consumers’ price sensitivity, value became one of the main factors in the purchasing decisions. Moreover, research showcase that consumers have started to do proactive health-minded buying as many prefer goods that support overall maintenance of health and wellness. Moreover, in this year many brands rose to popularity for instance Zoom, Netflix and Doordash, etc. gained a significant number of customers.”
We are giving preference to some rapidly growing brands of food in 2020 in the current article. But this does not mean that we have neglected the food brands of 2019 which performed brilliantly. The information presented here has been taken from a report by the Morning Consult that highlighted some rapidly growing brands of food. So, let us see some examples with food we loved in the last year and are still loving. The first company of food on our list is the 100 Grand Bar. According to a survey conducted by Morning Consult, this company was very famous among the Boomers and in 2019 their brand growth increased 4.2 points. The candy bar was created around 1964. Nestle manufactured the 100 Grand Bar until 2018. After that, the bar was bought by the Ferrero SpA. The 100 Grand Bar is best known because of the crisped rice with a crunch, milk chocolate, and chewy caramel. The second food brand in our review is the Trolli. According to a survey conducted by Morning Consult, this company is also famous among the Boomers and in 2019 their brand growth increased 4.3 points. It is best known for the soft licorice, marshmallows, and gummy candies. To read more, visit 15 Fastest Growing Food Brands on Yahoo.
