openPR Logo
Press release

COVID-19 Impact on Snack Food Products Market in 2020 – Know the Forecast Demand till 2026

08-31-2020 01:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune BUsiness Insights

COVID-19 Impact on Snack Food Products Market in 2020 – Know

The rise in disposable income of people has changed the lifestyle and eating habits of people worldwide. This change is likely to bring lucrative growth opportunities for the global snack food products market, says Fortune Business Insights in their recent study. The study is titled, “Snack Food Products Market Size, Share and Global Trend by Product Type (Bakery Snacks, Frozen Snacks, Confectionery Snacks, Salted Snacks), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online Channels, Convenience Stores) & Geography Forecast till 2026.”

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here:

List of prominent companies that are operating in the global snack food products market are:

Barry Callebaut
Tyson Foods
Foodflo International
Inclusion Technologies
Puratos Group
PepsiCo Inc.
Sensient Technologies
Confection by Design
Georgia Nut Company
Nimbus Foods, Mars Inc.
Taura Natural Ingredients
Cargill Inc.
Tate & Lyle
Kerry and Nestlé S.A.

According to the study, the market is expected to be dominated by the bakery snack segment followed by salted snacks, with respect to segmentation by product type. Additionally, the supermarkets and hypermarkets segment will also dominate the market in terms of segmentation by distribution channel. This is because of the availability of broader range of products in supermarkets and hypermarkets as compared to convenience stores and online channels.

Availability of Ready-to -munch Snacks to Propel Demand in Market

Consumption of snack food is a common habit in most parts of the world. However, the rise in disposable income and change in lifestyle of people have hardly left time for people to consume full meal at the table.

These gives scope of growth to the snacks and take away food products industries as it serves the purpose of feeding oneself as well as multi-tasking together at the same time. This trend is rising by the day and this is further expected to drive the global snack food product market during the forecast period.

The quantity of snack food is less as compared to that of regular meals and can be eaten in between meals. It ranges from a variety of processed snacks and ready-to-eat snacks to chopped fruits and vegetables, or any home-made snack at home. The availability of variety in snack food products also adds to the growth of the market globally.

Additionally, the rapid inclination of consumers towards nutritive and healthy snacks for maintaining their health is expected to boost the global market. Furthermore, the increasing awareness about health consciousness is making consumers choose food products that contains less amount of carbohydrates is anticipated to promote the growth of snack food products in the long run.

Get PDF Brochure of this Report at

On the flipside, the market may face challenges in terms of the fluctuating price of raw materials required to make snack food products. High prices imposed on ingredients such as milk powder, butter, cocoa powder, and others may hinder the growth of the market. Furthermore, the rise in health concern may cause decline in the purchase of snack food products rich in carbohydrates, and fats that may ultimately affect the growth of the overall market negatively.

Major Segmentation include;

By Product Type

Bakery Snacks (Bread, Sandwich, Pastry, Cake, Cookies, and Others)
Frozen Snacks (Food & Vegetable, Yogurt, Meat Products, and Others)
Confectionery Snacks (Chocolate, Crackers, Candies, Jellies, and Others)
Salted Snacks (Potato Chips, Popcorn, Corn Chips, Pretzels, and Others)
Other Products
By Distribution Channel

Specialty Stores
Online Channels
Convenience Stores
By Geography

Presence of Players such as Nestle to Help Europe Generate Huge Revenues

Fortune Business Insights foresees the global snack food products market to be dominated by North America and is expected to retain its dominance during the fore cast period as well. This is due to the rising demand for healthy snacks across nations such as the U.S., and Canada. Besides this, the rise in prevalence of cardiovascular diseases and cases of obesity in American countries is helping the market in North America to gain impetus during the forecast period.

On the other side, the snack food product market in Europe is predicted to be generating huge revenues on account of the well-established food and beverage market in the region. Additionally, the presence of major players such as Nestlé S.A., and Barry Callebaut across the European region is also anticipated to anticipated to add fuel to the growth of the market in the long run.

Have Any Query? Ask Our Experts:

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245

About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release COVID-19 Impact on Snack Food Products Market in 2020 – Know the Forecast Demand till 2026 here

News-ID: 2124926 • Views: 108

More Releases from Fortune BUsiness Insights

Genomic Market to rising at 18.7% CAGR by Top Players | Illumina, Inc., Thermo F …
Genomics Market Size | 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2028 is latest study published by Fortune Business Insights. The Global Genomics market expected to rise at notable CAGR and reach remarkable valuations by 2028. Genomics Industry is segmented By Type (Products, Services), Technology (Polymerase Chain Reaction, Next-generation Sequencing, Microarray, Sanger Sequencing),
U.S. Biosimilars Market Set For Rapid Growth Forecast 2020-2026| Key Players: F. …
U.S. Biosimilars Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. The “U.S. Biosimilars Market” will gain momentum from the increasing government support to adopt biosimilars in the healthcare sectors. According to a report by Fortune Business Insights, titled, “Biosimilars: U.S. Market Analysis, Insights and Forecast, 2019-2026,” The U.S. Biosimilars Market is projected to reach US$ 17,696.0 Mn by 2026. The report provides valuable
Pulse Oximeters Market by Key Players are Omron Healthcare, Inc., Philips Benelu …
Pulse Oximeters Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. The Global Pulse Oximeters Market is likely to grow in the coming years due to increasing usage clearances from the Food and Drug Administration (FDA). According to a report published by Fortune Business Insights, titled “Pulse Oximeters: Global Market Analysis, Insights and Forecast, 2018-2025,” the market is likely to reach US$ 2,657.6 Mn
Orthopedic Joint Replacement Market by Top International Players | Integra LifeS …
Orthopedic Joint Replacement Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. The global orthopedic joint replacement market size is poised to reach USD 26,967.9 million by 2026, exhibiting a CAGR of 5.1% during the forecast period. Combined rise in the incidence of osteoarthritis and geriatric population in the world will be the key force behind the growth of this market. Osteoarthritis is a lifelong

All 5 Releases

More Releases for Snack

Snack Food Packaging Market 2020-2028
This detailed market study focuses on data from different primary and secondary sources and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global snack food packaging market. Click here to get a sample of the premium report: According to the report, the�snack food packaging market�is predicted
Snack Products Market - Global Industry Report, 2030
Albany, NY - The global snack products market will continue exhibiting growth, albeit at a stunted pace. According to a latest study by Transparency Market Research, the market will witness the impact of the unprecedented COVID-19 outbreak. Amid extended lockdown and pandemic crisis, consumers are likelier to stockpile on staple and essential food items. While certain sections within the food industry may witness surge, presently companies operating in comfort food sector are
Snack Products Market in Qatar and GCC
TMR has pegged the Qatar and GCC snack product market to exhibit an impressive 9.6% CAGR between 2016 and 2024. At this pace the market is expected to reach US$2682.3 mn by the end of 2024 as against US$1103.6 mn in 2015. Among key products available in the market, the segment of potato specialty products is likely to witness the highest demand. In terms of packaging type, retain package
Snack Staple Market-SkinnyPop, Amplify Snack Brands, Frito-Lay
SkinnyPop was founded in 2010 as a two-person start-up. Delivering a simple ready-to-eat popcorn with natural ingredients, the brand has risen to second in the US ready-to-eat popcorn category, with sales reaching over $270m in 2016. Request a sample of this report @ Ready-to-eat popcorn has emerged as a key growth opportunity within snacks in recent years. Overall, it is now commonly valued in excess of $1bn. Furthermore, profitability potential
United States Snack Pellets Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "United States Snack Pellets Market Report 2017" Description In this report, the United States Snack Pellets market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales
Permeability of Snack Packaging and Shelf life
One of the most important properties of most snacks is their crispness, which is created when the snack is dried during production – e.g. roasting, baking or frying which all reduce the moisture content to a very low level. Unfortunately many types of packaging allow this moisture to permeate back in – often through the material of the packaging rather than the joints or seals. Not only does