One of the most important aspects of success in the business world is determining what products and services are sought after in high volume by consumers and members of a target demographic. The business world is in a constant state of evolution and is guided by the rise and fall and trends and popularity. That said, one of the most notable items to gain notoriety in recent years is an unexpected contender existing within the bar and restaurant industry—the pretzel. One of the most recognizable and enjoyed snack treats, a recent wave of innovation has led to a spurt in popularity, and it’s the perfect time to take advantage of it.
It might surprise you to find out that the revenue generated by pretzels in recent years has been remarkably high, with sales figures estimated at upwards of 1.7 billion. This rise in popularity has been attributed to two primary factors. The first is due in part to the return to normalcy following the global pandemic. Many bars and restaurants serve up these salty pieces of fried dough along with alcoholic beverages, and with many places open and in business, the need to have them readily available for thirsty patrons has led to increased demand.
The second of these has been a recent boom in innovation. Many companies have been looking at the snack treat and thinking of new ways to experiment with taste and presentation. With many people becoming more acquainted with online shopping, several are looking for new brands that are more exciting than the age-old recipes that many are accustomed to. With more people becoming health-conscious regarding their diet, snack foods that are lower in fat have become sought after, and the pretzel is among the top contenders.
Many industry experts who have been watching the pretzel boom closely have determined that the sales figures, which have already been favorable, will only continue to rise in the next few years. This is due to the increased demand and innovation of the snack treat. It’s expected that many companies have the potential to be bought by larger distributors leading to a spike in competition, which always brings out the best in design and development.
Speaking of innovation, Boardwalk Food co. specializes in pretzels that have been inspired by the very best craft beers. We specialize in wholesale and are the perfect complimentary item to be served at your bar or restaurant. For more information on us and what we have to offer, pay us a visit at boardwalkfoodco.com.