trends snapshot CONSUMER PACKAGED FOOD SALES JAN. - JUNE 2018 VS. 2019: 2% INCREASE JAN. - JUNE 2019 VS. 2020: 15% INCREASE IRI TURNING TO SNACKS DURING COVID-19 IN APRIL, 37% of consumers wanted to make sure they had sufficient snack foods on hand. 8% Snacking occasions increased 4% Snack food consumption increased NPD Group Snack Food Behaviors in Challenging Times study Five Factors That May Keep In-Home CONSUMPTION SURGING 1 SOCIETAL - Employees becoming comfortable working from home and realizing savings from work-at-home practices SHIFTING REASONS CONSUMERS CHOOSE PLANT-BASED FOODS GENERAL HEALTH BENEFITS: 2018: 82% 2019: 65% Mattson, June consumer survey 2 3 4 EDUCATION - More parents are better educating themselves on home cooking 5 ONLINE ORDERING - Easier to capture consumer interest online than in brick-and-mortar retail RECESSION - Many cut down on trips to restaurants as families look to save money TRIAL OF BRANDS - Increased experimentation with new brands during lockdown as favorite brands go out of stock Nick Modi, RBC Capital Markets CONSUMER PREFERRED SOURCE OF PLANTBASED PROTEIN: King Keto BEANS 57% LENTILS 45% CHICKPEAS 36% New snacks with a keto claim grew 169% Mattson, June consumer survey 16 Baking & Snack August 2020 / www.bakingandsnack.com Global product launches featuring a keto claim increased 239% year-over-year in 2019 Innova Market Insights ENVIRONMENTAL REASONS: 2018: 31% 2019: 48%http://www.bakingandsnack.com