Industry Report 2023 Deep Dive:
Candy & Snacks
The COVID-19 pandemic accelerated consumers’ snacking habits and turned it into a lifestyle. While consumer tastes and purchase habits continue to evolve, shoppers continually turn to convenience
stores to fulfill various need states throughout the day, whether it’s to satisfy a craving, to treat or
reward themselves, or to support their emotional wellbeing. In this special “Deep Dive” report, a bonus supplement to the Convenience Store News 2023 Industry Report, we present exclusive data and
insights into the candy and snack categories at convenience stores.
sponsored by
“
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Regulation to Prohibit the
Use of Menthol in Cigarettes
and RYO Tobacco:
In April 2022, the FDA published a proposed product standard regulation prohibiting the use of menthol as a characterizing flavor in cigarettes, roll-your-own (RYO) tobacco, and heat-not-burn products. The public comment period ended on Aug. 2. A final rule/regulation is expected to be adopted by the FDA sometime in August 2023.
Bonus data and insights into the confectionery
and snacking categories at convenience stores.
Regulation to Prohibit the Use of Characterizing Flavors in Cigars:
Also in April 2022, the FDA published a proposed product standard regulation prohibiting the use of characterizing flavors in cigars, except for tobacco flavor. The public comment period ended on Aug. 2. A final rule/regulation is expected to be adopted by the FDA sometime in August 2023. When the FDA issued the proposal, the agency stated that the effective date would be one year after the final rule is published.
Potential Regulation for Maximum Nicotine Level in Cigarettes
and Other Tobacco Products:
In June 2022, the FDA announced that the agency would propose a new regulation setting a maximum level of nicotine in cigarettes and certain other tobacco products. The other products that could be subject to this regulation were not specified. A proposed rule/regulation is expected to be published sometime by October 2023 and will be followed by a public comment period. When the proposed rule is published, the FDA may identify a timeframe for the new rule to go into effect.
45%
cigarettes
$54,956
The average gain in foodservice sales per store in the last year, driven by an additional $44,845
per store from prepared foods.
8.1%
-1.4%
31.10%
8.14%
8.3%
5.3%
30.75%
8.12%
7.74%
29.15%
0.8%
13.7%
23.5%
5.5%
27.65%
6.84%
9% cigarettes
7% cigarettes
6% cigarettes
4% cigarettes
39% OTP
9% OTP
8% OTP
6% OTP
4% OTP
11.9%
5.5%
48.92%
3.29%
1.7%
-5.7%
48.46%
3.12%
4.0%
-3.2%
49.02%
3.17%
0.1%
-1.8%
48.62%
3.13%
10.2%
4.1%
38.12%
2.77%
-4.1%
-10.5%
38.16%
2.67%
3.6%
-1.1%
38.05%
2.87%
2.9%
-0.5%
38.30%
2.85%
18.7%
8.7%
43.92%
1.25%
2.3%
-4.8%
43.77%
1.10%
2.8%
-1.2%
43.41%
1.11%
1.8%
-0.1%
43.43%
1.10%
