Press Release Description

Constant Munching Habits among People Worldwide to Drive the Snack Food Market

The Global Snack Food Market is expecting around 3.1% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The exponentially rising population & its burgeoning food requirements are driving the global market. Besides, the rising health consciousness & awareness among people about the availability of healthier snacking options like vegetable & fruit chips, granola bars, & others that positively influence the metabolism is also boosting the snack food market worldwide. In addition, the escalating concerns of people, especially the young generation, over weight management is another crucial aspect augmenting the demand for different types of snack food for healthier living.

Moreover, with the advent of Covid-19 that induced prolonged homestays, people developed the habit of munching snacks. It led to an increasing establishment of various snack food manufacturers worldwide offering an extensive range of products & projected lucrative prospects for the market growth in the coming years, further states the research report, “Global Snack Food Market Analysis, 2022.”

Healthy Eating Preferences to Boost the Demand for Savory Snack Food through 2027

Savory snacks are expecting the fastest growth in the Global Snack Food Market during 2022-27. The growing inclination of people toward consuming meat snacks is instigating the leading food manufacturers to expand the production of buffalo chicken dips, potato chips, pizza rolls, kale chips, etc., and meet the burgeoning consumer requirements for savory snacks. Besides, growing health consciousness among people is encouraging manufacturers to produce low-fat, low-calorie, & gluten-free items like beef jerky, cheese, chia seeds, coconut chips, crackers, nuts, popcorn, etc., i.e., another crucial aspect fueling the overall market growth.

With Growing Influence of Western Food Habits, Asia-Pacific Dominates the Market

With the swift expansion of the retail & commercial sectors across different countries, i.e., providing customers with the easy availability of snack food from multiple distribution channels like supermarkets, hypermarkets, specialized stores, convenience shops, & online platforms, among others, Asia-Pacific is all set to lead the Global Snack Food Market with the largest share during 2022-27. 

Besides, the growing prevalence of western culture & eating habits is also driving the regional market. Among all countries, China & India would be dominating the snack food market across Asia-Pacific in the forthcoming timeline, mainly due to growing demand for ready-to-eat & on-the-go snacks, coupled with the mounting popularity of meat-based snacks, reveals MarkNtel Advisors in their research report, "Global Snack Food Market Analysis, 2022."

Competitive Landscape

The leading players in the Global Snack Food Market include Blue Diamond Growers, ConAgra Foods Inc., Clif Bar & Company, Ferrero S.P.A., General Mills Inc., Kellogg Company, Link Snacks Inc., McCain Foods Ltd., Mondelez International Inc., Nestlé S.A., PepsiCo Inc., The Kraft Heinz Company, Tyson Foods, and Unilever.

Key Questions Answered in the Research Report:

  1. What are the current & future trends in the Global Snack Food Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across carious countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Snack Food Market?
  5. What are the customer orientation, purchase behavior, & expectations from snack food manufacturers across various regions?

Market Segmentation:

  1. By Product (Frozen & Refrigerated Snacks, Dried Fruit Snacks, Bakery Snacks, Savory Snacks, Confectionery Snacks, Dairy Snacks, Salted Snacks)
  2. By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online Channels)
  3. By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)
  4. By Countries (The US, Canada, Mexico, Brazil, Argentina, Germany, The UK, France, Italy, Spain, Russia, Saudi Arabia, UAE, South Africa, China, India, Japan, Australia, South Korea, Indonesia)
  5. By Companies (Blue Diamond Growers, ConAgra Foods Inc., Clif Bar & Company, Ferrero S.P.A., General Mills Inc., Kellogg Company, Link Snacks Inc., McCain Foods Ltd., Mondelez International Inc., Nestlé S.A., PepsiCo Inc., The Kraft Heinz Company, Tyson Foods, Unilever)