No-one predicted that meat snacks would become one of the biggest and fastest-growing categories in the American supermarket, totally

aligned with the needs of the health-conscious consumer. Nor did anyone imagine that "grass-fed" would be one of the messages that some consumers would value most, alongside the word "protein". Demand for grass-fed is quietly growing. Sales of grass-fed beef in the US are measured in billions and were up  35% last year. So perhaps it's no surprise that PepsiCo is getting into the grass-fed beef snack business. OK, so at NNB we did in fact predict, back in 2020, that meat snacks would grow, so we're taking a lap for that one. But we didn't get the PepsiCo prediction.

 

Time: 14 minutes