Global Snack Foods Market
Published Date:Feb 2020 (Upgradation in process)
Category:FMCG & Food
Impact Analysis on the Growth of Market
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With an increased favouritism towards convenience foods over full course meals amidst large scale urbanisation, consumers have started shifting to snacking ready-to-eat alternatives the market provides. Valued at US$ XX in 2017, the global snack food market is expected to reach a valuation of US$ XX by 2022, registering a CAGR of XX% in the forecast period 2017-2022.
Initially, end users of the market majorly comprised of the working middle-class who couldn't invest enough time in full meals and found ready to eat snack an easier alternative However, with increased outreach and deeper market penetration into other age groups, the younger generation (kids, teens, young adults) have emerged as a very prominent share in the consumer population.
The market has also managed to adapt to drifting diet and health trends. Companies have begun marketing nutrition snack foods which are healthier and make use of more functional ingredients, targeting the health conscious and performance driven share of the consumer population.
Shifting lifestyles amidst modernisation of livelihoods have triggered the snack foods market. Ready-to-eat packaged snacks have become a popular choice amongst all age groups owing to their easy portability and long shelf life. Healthier consciousness amongst consumers have also been tackled well by the market, by introducing nutritional substitutes as an alternative.
Artificial additives, high sugar/fat content, allergen prevalence, and other speculated issues that have come to light with the market's many products have somewhat hindered its growth. Diet trends have begun drifting back to fresh fruits and vegetables as ideal snacking, government regulations on the same are expected to restrict market growth to certain extents.
The global snack food market can be segmented by type into salted snacks, bakery snacks, confectionery, specialty, and frozen snacks. Amongst these, bakery snacks holds the highest fraction in terms of market share, followed closely by the salted snacks segment.
The market can also be segmented on the basis of revenue generated through distribution channels, into
supermarkets/hypermarkets, convenience stores, and independent retailers. Owing to higher consumer connect quality and deeper market penetration (being located in and targeted towards dense urban settlement zones), the supermarkets/hypermarkets segment enjoys the largest share in the market's revenue.
Regionally, the global snack foods market can be segmented into North America, Europe, Asia-Pacific, and South America. Of these, Europe enjoys the largest size in market share, closely followed by North America. Rising popularity of nutrition foods amongst local consumers is expected to keep progress afloat in these developed markets.
Rapid urbanisation and onslaught of western habits in emerging economies throughout Asia-Pacific have allowed for effective market penetration. As a consequence, Asia-Pacific is expected to register the fastest growth in the market within the forecast period.
Key players in the market include CalbeeInc, Kellogg, Cheez, Nestle, Tohato, General Mills, Kraft-Heinz, Ferrero S.P.A., and ConAgra Foods.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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