Market Overview:
The global snack foods market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application and region. The type segment includes meat snacks, snack bar, salty snacks, gluten-free snacks and other snacks. The application segment includes supermarket, convenience store and other applications. The regions include North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA). Some of the factors that are driving the growth of the global snack foods market are increasing urbanization coupled with changing lifestyles; rising disposable income; growing demand for healthy as well as convenient snacking options; increasing penetration of supermarkets and convenience stores; rising trend of snacking among women; and growing demand for organic/healthy snacks.
Product Definition:
Snack foods are food items that are typically low in nutritional value and high in calories. They are often consumed between meals as a means of satisfying hunger or craving. Snack foods can include items such as chips, cookies, candy, and ice cream.
Meat Snacks:
Meat snacks are products that comprise meat as an ingredient. They can be classified into three main categories, namely; Meat-based Snacks (MS), Meat-free Snacks (MWF) and Vegetarian Snack Foods (VF). The MS category comprises hot dogs, sausages, burgers and others. The MWF category comprises fish fingers, chicken nuggets and others while the VF category comprises vegetarian sausages, cheese etc.
Snack Bar:
Snack bars are small nutritional snacks that contain a variety of ingredients such as cereals, nuts, seeds, dried fruit and energy balls. They are available in different forms such as chewy bars and crispy bars. The market for snack bar is expected to witness significant growth over the forecast period owing to increasing health consciousness among consumers along with changing lifestyle which includes snacking between meals.
Application Insights:
Supermarkets held the largest share of more than 60.0% in 2017. The key factors contributing to the growth include wide product range, availability of multiple payment options and easy return policy, which ensure convenient shopping experience for consumers. Supermarket snacks are available in different forms such as ready-to-eat meals, frozen foods, canned goods and others such as bakery products and confectionery items.
The convenience store segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing consumer preference for on-the-go food products especially among working professionals who have a hectic schedule but still crave for delicious food flavors often found nowhere else but in snack foods that can be eaten anytime anywhere with minimum preparation time required followed by frozen foods at 3%.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing health concerns among consumers and increasing awareness about nutritional diet. The region is expected to maintain its dominance over the forecast period due to high demand for packaged snacks with enhanced flavors and attractive packaging. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of rising disposable income levels, improving economic conditions, expanding middle-class population base, and changing eating habits of consumers. Moreover, increasing penetration of global players in emerging economies through acquisitions will have a positive impact on industry growth. For instance, In January 2016; PepsiCo Inc., acquired India's leading snack brand MTR Corporation Ltd., which has more than 200 brands including Masala Dosa & Roti Prata brands along with Pepsodent toothpaste under its umbrella for an undisclosed amount.
Growth Factors:
- Increasing demand for healthy snacks: There is a growing demand for healthier snacks, as consumers become more health conscious. This is providing opportunities for snack food manufacturers to develop new products that are low in fat and calories, and that contain healthy ingredients such as fruits and vegetables.
- Rising popularity of snacking: Snacking has become increasingly popular in recent years, as people have come to realize that it can be a convenient way to satisfy hunger between meals. This is benefiting the snack foods market by driving sales growth.
- Growing number of working women: A growing number of women are now working outside the home, which is leading to an increase in snacking habits among this population group. Women are often looking for convenient and nutritious snacks that can be eaten on the go, and this is providing opportunities for snack food manufacturers targeting this demographic segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Snack Foods Market Research Report
By Type
Meat Snacks, Snack Bar, Salty Snacks, Gluten-Free Snacks, Other
By Application
Supermarket, Convenience Store, Other
By Companies
Calbee, ConAgra Foods, Ferrero, General Mills, Grupo Bimbo, Herr Foods, Intersnack Knabber-Geback, Kellogg, Link Snacks, Lindt & Sprungli, Calbee
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Snack Foods Market Report Segments:
The global Snack Foods market is segmented on the basis of:
Types
Meat Snacks, Snack Bar, Salty Snacks, Gluten-Free Snacks, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Convenience Store, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Calbee
- ConAgra Foods
- Ferrero
- General Mills
- Grupo Bimbo
- Herr Foods
- Intersnack Knabber-Geback
- Kellogg
- Link Snacks
- Lindt & Sprungli
- Calbee
Highlights of The Snack Foods Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Meat Snacks
- Snack Bar
- Salty Snacks
- Gluten-Free Snacks
- Other
- By Application:
- Supermarket
- Convenience Store
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Snack Foods Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Snack foods are small, portable, and easy to eat. They can be eaten as a snack or as part of a meal.
Some of the major players in the snack foods market are Calbee, ConAgra Foods, Ferrero, General Mills, Grupo Bimbo, Herr Foods, Intersnack Knabber-Geback, Kellogg, Link Snacks, Lindt & Sprungli, Calbee.
The snack foods market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Snack Foods Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Snack Foods Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Snack Foods Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Snack Foods Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Snack Foods Market Size & Forecast, 2020-2028
4.5.1 Snack Foods Market Size and Y-o-Y Growth
4.5.2 Snack Foods Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Meat Snacks
5.2.2 Snack Bar
5.2.3 Salty Snacks
5.2.4 Gluten-Free Snacks
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarket
6.2.2 Convenience Store
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Snack Foods Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Snack Foods Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Meat Snacks
9.6.2 Snack Bar
9.6.3 Salty Snacks
9.6.4 Gluten-Free Snacks
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarket
9.10.2 Convenience Store
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Meat Snacks
10.6.2 Snack Bar
10.6.3 Salty Snacks
10.6.4 Gluten-Free Snacks
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarket
10.10.2 Convenience Store
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Meat Snacks
11.6.2 Snack Bar
11.6.3 Salty Snacks
11.6.4 Gluten-Free Snacks
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarket
11.10.2 Convenience Store
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Meat Snacks
12.6.2 Snack Bar
12.6.3 Salty Snacks
12.6.4 Gluten-Free Snacks
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarket
12.10.2 Convenience Store
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Meat Snacks
13.6.2 Snack Bar
13.6.3 Salty Snacks
13.6.4 Gluten-Free Snacks
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarket
13.10.2 Convenience Store
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Snack Foods Market: Competitive Dashboard
14.2 Global Snack Foods Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Calbee
14.3.2 ConAgra Foods
14.3.3 Ferrero
14.3.4 General Mills
14.3.5 Grupo Bimbo
14.3.6 Herr Foods
14.3.7 Intersnack Knabber-Geback
14.3.8 Kellogg
14.3.9 Link Snacks
14.3.10 Lindt & Sprungli
14.3.11 Calbee
