Market Research

Snack Food Products Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $4,850 208 Pages Fortune Business Insights Pvt. Ltd. November, 2024 FOB19326487
Best Price Guarantee
Price from $4,850
Length 208 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date November, 2024
SKU FOB19326487

Snack Food Products Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Snack Food Products Market

The snack food products market size was valued at USD 557.85 billion in 2021, and the market is now projected to grow from USD 584.58 billion in 2022 to USD 838.60 billion by 2029, exhibiting a CAGR of 5.3% during the forecast period of 2022-2029.

Pandemic has substantially impacted the snack food products market growth, increased worldwide consumption and affected the meals service zone in Europe and North America. The lockdown has created possibilities for processed ingredients and drinks due to demand for flavor, high shelf-life, and waste product availability. Prior to the pandemic, snacking became considered consolation meals, however the pandemic has led to a shift toward incorporating practical components into daily diets.

The demand for ready-to-eat snacks has surged due to improved usage at activities like picnics and parties. Urbanization and way of life modifications are driving this demand. Manufacturers are now specializing in launching snatch-and-move snack foods across regions. Good Foods, for instance, released New Grab and Go Packs for Chunkyunky Guacamole and plant-primarily based Queso Dip in October 2022. These packs feature sparkling dips paired with corn tortilla chips and are available at pick out sprout farmers markets and online.

The recognition of fusion flavors in snack ingredients is growing, with brands merging a couple of flavors to create novelty. Floral flavors, together with lavender, blueberry, hibiscus, blackberry rose lemonade, apple hibiscus berry rose lychee, and orange blossom elderflower, are getting a main trend inside the snack grocery store. These botanical flavors, regularly paired with fruit, create modern merchandise and complicated tastes, increasing demand for snack meals products within the market.

Comprehensive Analysis of Snack Food Products Market

The market is segmented into bakery snacks, confectionery, and savoury snacks. The confectionery snack segment holds the largest share due to its variety and novelty. Manufacturers are growing their product range to satisfy converting client demand, including purposeful, organic, and nut-primarily based flavours. Functional confectionery snacks are becoming extra critical as consumers turn out to be aware of the connection among nicely-being and weight loss plan. The market is likewise divided into supermarkets, hypermarkets, convenience shops, and online retail. Supermarkets and hypermarkets are getting famous purchasing options because of their convenience in product selection. The online retailing segment is the fastest growing in the global market, with the closure of traditional retail channels allowing snack food products purchased through virtual carts to grow strongly.

The Europe region lead the snack food products market share by benefitting a market size of USD 164.52 billion in 2021 due to region being a major producer and consumer. Snacking is common on social occasions and the go, but more consumers are choosing healthier options. Europe is also the largest market for organic and natural snacks.

The international snack grocery store is fragmented, with diverse producers operating in distinct international locations. Key agencies include Kellogg Company, General Mills, Tyson Foods, Kraft Heinz Company, ConAgra Brands, Unilever Group, Nestle S.A., J.M. Smucker Co., PepsiCo, and Mars, Inc.

General Mills received TNT Crust, a U.S. Primarily based organization. TNT Crust manufactures half of of-baked, self-growing pizza crusts and produces frozen pizza crusts for local and country wide pizza chains, grocery stores, and retailers. This acquisition helped General Mills' to growth its existing portfolio of frozen Bakery Snacks products.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2018-2029

Base Year

2021

Estimated Year

2022

Forecast Period

2022-2029

Historical Period

2018-2020

Unit

Value (USD Billion)

By Product

Bakery

Confectionery

Savory Snacks

Others

By Distribution Channel

Supermarkets and Hypermarkets

Convenience Stores

Online Retail

Others

By Region

North America (By Product, Distribution Channel, and Country)

U.S. (By Product)

Canada (By Product)

Mexico (By Product)

Europe (By Product, Distribution Channel, and Country)

Germany (By Product)

U.K. (By Product)

France (By Product)

Italy (By Product)

Spain (By Product)

Russia (By Product)

Rest of Europe (By Product)

Asia Pacific (By Product, Distribution Channel, and Country)

China (By Product)

India (By Product)

Japan (By Product)

Australia (By Product)

Rest of Asia Pacific (By Product)

South America (By Product, Distribution Channel, and Country)

Brazil (By Product)

Argentina (By Product)

Rest of South America (By Product)

Middle East and Africa (By Product, Distribution Channel, and Country)

Saudi Arabia (By Product)

UAE (By Product)

Rest of Middle East & Africa (By Product)Please Note: It will take 5-6 business days to complete the report upon order confirmation.


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis Related to COVID-19
4.5.1. Impact of COVID-19 on the Market
4.5.2. Supply Chain Challenges amidst Pandemic
4.5.3. Potential Opportunities due to this Global Crisis
5. Global Snack Food Products Market Analysis, Insights, and Forecast, 2018-2029
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Product
5.2.1.1. Bakery
5.2.1.2. Confectionery
5.2.1.3. Savory Snacks
5.2.1.4. Others
5.2.2. By Distribution Channel
5.2.2.1. Supermarkets and Hypermarkets
5.2.2.2. Convenience Stores
5.2.2.3. Online Retail
5.2.2.4. Others
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Snack Food Products Market Analysis, Insights, and Forecast, 2018-2029
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Product
6.2.1.1. Bakery
6.2.1.2. Confectionery
6.2.1.3. Savory Snacks
6.2.1.4. Others
6.2.2. By Distribution Channel
6.2.2.1. Supermarkets and Hypermarkets
6.2.2.2. Convenience Stores
6.2.2.3. Online Retail
6.2.2.4. Others
6.2.3. By Country (Value)
6.2.3.1. U.S.
6.2.3.1.1. By Product
6.2.3.1.1.1. Bakery
6.2.3.1.1.2. Confectionery
6.2.3.1.1.3. Savory Snacks
6.2.3.1.1.4. Others
6.2.3.2. Canada
6.2.3.2.1. By Product
6.2.3.2.1.1. Bakery
6.2.3.2.1.2. Confectionery
6.2.3.2.1.3. Savory Snacks
6.2.3.2.1.4. Others
6.2.3.3. Mexico
6.2.3.3.1. By Product
6.2.3.3.1.1. Bakery
6.2.3.3.1.2. Confectionery
6.2.3.3.1.3. Savory Snacks
6.2.3.3.1.4. Others
7. Europe Snack Food Products Market Analysis, Insights, and Forecast, 2018-2029
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Product
7.2.1.1. Bakery
7.2.1.2. Confectionery
7.2.1.3. Savory Snacks
7.2.1.4. Others
7.2.2. By Distribution Channel
7.2.2.1. Bakery
7.2.2.2. Convenience Stores
7.2.2.3. Online Retail
7.2.2.4. Others
7.2.3. By Country (Value)
7.2.3.1. Germany
7.2.3.1.1. By Product
7.2.3.1.1.1. Bakery
7.2.3.1.1.2. Confectionery
7.2.3.1.1.3. Savory Snacks
7.2.3.1.1.4. Others
7.2.3.2. France
7.2.3.2.1. By Product
7.2.3.2.1.1. Bakery
7.2.3.2.1.2. Confectionery
7.2.3.2.1.3. Savory Snacks
7.2.3.2.1.4. Others
7.2.3.3. Italy
7.2.3.3.1. By Product
7.2.3.3.1.1. Bakery
7.2.3.3.1.2. Confectionery
7.2.3.3.1.3. Savory Snacks
7.2.3.3.1.4. Others
7.2.3.4. U.K.
7.2.3.4.1. By Product
7.2.3.4.1.1. Bakery
7.2.3.4.1.2. Confectionery
7.2.3.4.1.3. Savory Snacks
7.2.3.4.1.4. Others
7.2.3.5. Spain
7.2.3.5.1. By Product
7.2.3.5.1.1. Bakery
7.2.3.5.1.2. Confectionery
7.2.3.5.1.3. Savory Snacks
7.2.3.5.1.4. Others
7.2.3.6. Russia
7.2.3.6.1. By Product
7.2.3.6.1.1. Bakery
7.2.3.6.1.2. Confectionery
7.2.3.6.1.3. Savory Snacks
7.2.3.6.1.4. Others
7.2.3.7. Rest of Europe
7.2.3.7.1. By Product
7.2.3.7.1.1. Bakery
7.2.3.7.1.2. Confectionery
7.2.3.7.1.3. Savory Snacks
7.2.3.7.1.4. Others
8. Asia Pacific Snack Food Products Market Analysis, Insights, and Forecast, 2018-2029
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Product
8.2.1.1. Bakery
8.2.1.2. Confectionery
8.2.1.3. Savory Snacks
8.2.1.4. Others
8.2.2. By Distribution Channel
8.2.2.1. Supermarkets and Hypermarkets
8.2.2.2. Convenience Stores
8.2.2.3. Online Retail
8.2.2.4. Others
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Product
8.2.3.1.1.1. Bakery
8.2.3.1.1.2. Confectionery
8.2.3.1.1.3. Savory Snacks
8.2.3.1.1.4. Others
8.2.3.2. India
8.2.3.2.1. By Product
8.2.3.2.1.1. Bakery
8.2.3.2.1.2. Confectionery
8.2.3.2.1.3. Savory Snacks
8.2.3.2.1.4. Others
8.2.3.3. Japan
8.2.3.3.1. By Product
8.2.3.3.2. Bakery
8.2.3.3.3. Confectionery
8.2.3.3.4. Savory Snacks
8.2.3.3.5. Others
8.2.3.4. Australia
8.2.3.4.1. By Product
8.2.3.4.2. Bakery
8.2.3.4.3. Confectionery
8.2.3.4.4. Savory Snacks
8.2.3.4.5. Others
8.2.3.5. Rest of Asia Pacific
8.2.3.5.1. By Product
8.2.3.5.1.1. Bakery
8.2.3.5.1.2. Confectionery
8.2.3.5.1.3. Savory Snacks
8.2.3.5.1.4. Others
9. South America Snack Food Products Market Analysis, Insights, and Forecast, 2018-2029
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Product
9.2.1.1. Bakery
9.2.1.2. Confectionery
9.2.1.3. Savory Snacks
9.2.1.4. Others
9.2.2. By Distribution Channel
9.2.2.1. Supermarkets and Hypermarkets
9.2.2.2. Convenience Stores
9.2.2.3. Online Retail
9.2.2.4. Others
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By Product
9.2.3.1.1.1. Bakery
9.2.3.1.1.2. Confectionery
9.2.3.1.1.3. Savory Snacks
9.2.3.1.1.4. Others
9.2.3.2. Argentina
9.2.3.2.1. By Product
9.2.3.2.1.1. Bakery
9.2.3.2.1.2. Confectionery
9.2.3.2.1.3. Savory Snacks
9.2.3.2.1.4. Others
9.2.3.3. Rest of South America
9.2.3.3.1. By Product
9.2.3.3.1.1. Bakery
9.2.3.3.1.2. Confectionery
9.2.3.3.1.3. Savory Snacks
9.2.3.3.1.4. Others
10. Middle East & Africa Snack Food Products Market Analysis, Insights, and Forecast, 2018-2029
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Product
10.2.1.1. Bakery
10.2.1.2. Confectionery
10.2.1.3. Savory Snacks
10.2.1.4. Others
10.2.2. By Distribution Channel
10.2.2.1. Supermarkets and Hypermarkets
10.2.2.2. Convenience Stores
10.2.2.3. Online Retail
10.2.2.4. Others
10.2.3. By Country (Value)
10.2.3.1. Saudi Arabia
10.2.3.1.1. By Product
10.2.3.1.1.1. Bakery
10.2.3.1.1.2. Confectionery
10.2.3.1.1.3. Savory Snacks
10.2.3.1.1.4. Others
10.2.3.2. UAE
10.2.3.2.1. By Product
10.2.3.2.1.1. Bakery
10.2.3.2.1.2. Confectionery
10.2.3.2.1.3. Savory Snacks
10.2.3.2.1.4. Others
10.2.3.3. Rest of Middle East & Africa
10.2.3.3.1. By Product
10.2.3.3.1.1. Bakery
10.2.3.3.1.2. Confectionery
10.2.3.3.1.3. Savory Snacks
10.2.3.3.1.4. Others
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Snack Food Products Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1.
12.1.1. Kellogg Company
12.1.1.1. Overview
12.1.1.2. Description
12.1.1.3. Product Portfolio
12.1.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.1.5. Recent Developments
12.1.2. General Mills
12.1.2.1. Overview
12.1.2.2. Description
12.1.2.3. Product Portfolio
12.1.2.4. Financials (Data as available in public domain and/or on paid databases)
12.1.2.5. Recent Developments
12.1.3. Tyson Foods
12.1.3.1. Overview
12.1.3.2. Description
12.1.3.3. Product Portfolio
12.1.3.4. Financials (Data as available in public domain and/or on paid databases)
12.1.3.5. Recent Developments
12.1.4. ConAgra Brands
12.1.4.1. Overview
12.1.4.2. Description
12.1.4.3. Product Portfolio
12.1.4.4. Financials (Data as available in public domain and/or on paid databases)
12.1.4.5. Recent Developments
12.1.5. The Kraft Heinz Company
12.1.5.1. Overview
12.1.5.2. Description
12.1.5.3. Product Portfolio
12.1.5.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5.5. Recent Developments
12.1.6. Unilever
12.1.6.1. Overview
12.1.6.2. Description
12.1.6.3. Product Portfolio
12.1.6.4. Financials (Data as available in public domain and/or on paid databases)
12.1.6.5. Recent Developments
12.1.7. Nestle S.A.
12.1.7.1. Overview
12.1.7.2. Description
12.1.7.3. Product Portfolio
12.1.7.4. Financials (Data as available in public domain and/or on paid databases)
12.1.7.5. Recent Developments
12.1.8. J.M. Smucker Co.
12.1.8.1. Overview
12.1.8.2. Description
12.1.8.3. Product Portfolio
12.1.8.4. Financials (Data as available in public domain and/or on paid databases)
12.1.8.5. Recent Developments
12.1.9. PepsiCo
12.1.9.1. Overview
12.1.9.2. Description
12.1.9.3. Product Portfolio
12.1.9.4. Financials (Data as available in public domain and/or on paid databases)
12.1.9.5. Recent Developments
12.1.10. Mars, Inc.
12.1.10.1. Overview
12.1.10.2. Description
12.1.10.3. Product Portfolio
12.1.10.4. Financials (Data as available in public domain and/or on paid databases)
12.1.10.5. Recent Developments
13. Appendix

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