It's crunch time for global, domestic industry bigwigs as consumers snack up

Consumers in China continue to show a strong appetite for snacks, with global and domestic brands expanding their footprint and innovating to meet evolving needs.

Global food and beverage giant PepsiCo Inc has gained market share in the country's savory snack segment over the past year, highlighting sustained consumer demand for indulgent snacking, according to its 2024 financial results.

The company reported a 14 percent increase in operating profit for Asia Pacific, Australia, New Zealand and China in 2024, reinforcing its confidence in long-term international growth.