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As Americans resume outdoor activities, companies in the food industry are likely to witness rising sales amid rising consumer spending. To keep pace with changing consumer tastes, food makers are developing new products, including fat-free snacks and confectioneries, by collaborating with leading companies. This should help them offset rising commodity costs. The global confectionery market is expected to grow at a 4% CAGR to $21.46 billion by 2026.
While MDLZ gained 1.4% over the past month, HSY advanced 2.5%. HSY is a clear winner with 17.1% gains versus MDLZ’s 8.5% in terms of year-to-date performance. But, which of these stocks is a better pick now? Let’s find out.
