Global Snack Food

Global Snack Food Market Research Report: Forecast (2022-27)

By Product (Frozen & Refrigerated Snacks, Dried Fruit Snacks, Bakery Snacks, Savory Snacks, Confectionery Snacks, Dairy Snacks, Salted Snacks), By Distribution Channel (Supermarkets & Hypermarkets, Co Read more

  • Food & Beverages
  • Apr 2022
  • 189
  • FB22029

Market Definition

Snacks are a tiny portion of food people can munch upon between meals. They come in a wide variety & different packaging and are available easily in the market for consumers. As food consumption choices have evolved over the years, several snack options with sufficient nutritional requirements are available extensively for people to promote healthy living.

Market Insights

The Global Snack Food Market is projected to grow at a CAGR of around 3.1% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the growing health consciousness, especially among the exponentially rising working population with minimal or no time for food preparation, i.e., surging the demand for nutritional & easy-to-cook & eat snacks. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 3.1%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, Germany, France, Spain, Italy and Others
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil, Rest of South America
Middle East & Africa:  South Africa and Others
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

In addition, as more & more people are developing a habit of munching food, it is instigating manufacturers to introduce an extensive variety of snacks, i.e., contributing to the overall market growth. Besides, with a swift acceleration in the vegan & health-conscious population, the demand for specialized snacks is also significantly surging and encouraging manufacturers to offer vegan-free, gluten-free, diet-conscious, & allergy-free snacks.

Moreover, with the growing internet penetration and increasing number of online shoppers, the leading snack food manufacturers are adopting digital platforms to offer a wide variety of snack food and projecting remunerative opportunities for the Global Snack Food Market in the years to come.

Key Trend in the Global Snack Food Market

  • Growing Customer Preference for Convenience Food

With swift changes in the living standards & food preferences due to the improving purchasing power of people, coupled with their rising health consciousness, the demand for convenience food is upscaling rigorously worldwide. It, in turn, is portraying a growing expenditure on healthy snack food & generating growth opportunities for the leading players to increase their production & distribution capacities to meet the burgeoning consumer requirements. Besides, the escalating number of the working population with hectic lifestyles & minimal or no time for food preparation is another crucial aspect expected to propel the demand for ready-to-eat snacks and drive the global snack food market in the years to come.

Impact of Covid-19 on the Global Snack Food Market

The Covid-19 pandemic in 2020 had a decelerating impact on most industries worldwide, yet the Global Snack Food Market was moderately affected. The imposition of stringent movement restrictions & frequent lockdowns by governments of different countries to curb the spread of this dreadful disease introduced several challenges for the leading players in the global market.

As most business operations got suspended and travel & transportation activities were prohibited, the supply chain was disrupted severely, and resulted in delivery delays across different locations. Yet, since food & beverages was categorized as essentials, their production & distribution were fluid. Moreover, as the people were uncertain about the duration of lockdowns & limitations, most of them began panic shopping & stockpiling, which, in turn, led to a temporary hike in the market growth amidst the crisis.

Furthermore, growing health consciousness and longer homestays demonstrated a swift inclination of people toward healthy eating & constant munching. As a result, it generated growth opportunities for the leading manufacturers to offer new & healthy snacks and expand their scalability across different corners of the world. Nonetheless, the paradigm shift of different industries & individuals to digital platforms owing to stringent movement restrictions further stimulated the overall growth of the global market amidst the crisis.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of Covid-19 on Global Snack Food Market
  5. Global Snack Food Market Trends & Insights
  6. Global Snack Food Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Snack Food Market Regulations & Policies
  8. Global Snack Food Market Supply Chain Analysis
  9. Global Snack Food Market Hotspots & Opportunities
  10. Global Snack Food Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
        1. Frozen & Refrigerated Snacks
        2. Dried Fruit Snacks
        3. Bakery Snacks
        4. Savory Snacks
        5. Confectionery Snacks
        6. Dairy Snacks
        7. Salted Snacks
        8. Others
      2. By Distribution Channel
        1. Supermarkets/Hypermarkets
        2. Convenience Stores
        3. Specialty Stores
        4. Online Channels
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      4. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies, By Revenues
  11. North America Snack Food Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. The US
        2. Canada
        3. Mexico
        4. Rest of North America
  12. South America Snack Food Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  13. Europe Snack Food Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
  14. The Middle East & Africa Snack Food Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  15. Asia-Pacific Snack Food Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Product
      2. By Distribution Channel
      3. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Indonesia
        7. Rest of Asia Pacific
  16. Global Snack Food Market Key Strategic Imperatives for Growth & Success
  17. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Blue Diamond Growers
      2. ConAgra Foods Inc.
      3. Clif Bar & Company
      4. Ferrero S.P.A.
      5. General Mills Inc.
      6. Kellogg Company,
      7. Link Snacks Inc.
      8. McCain Foods Ltd.,
      9. Mondelez International Inc.,
      10. Nestlé S.A.
      11. PepsiCo Inc.,
      12. The Kraft Heinz Company,
      13. Tyson Foods,
      14. Unilever
      15. Others
  18. Disclaimer
Snack Food Market segmentation
*This field is required