Snack Foods Market Size, Share & Trends Analysis Report By Application, By Technology, By Form, By Region, And Segment Forecasts

Snacks Market size was valued at USD 1,450.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.7% from 2022 to 2030.

The snack food research report is one of a new series that offers statistics on the snack food industry, including global market size, regional shares, competitors with snack food share, segmented snack food market data, market trends and opportunities, and any additional information you might need to succeed in the snack food sector. This snack food study report provides a comprehensive view of everything you require, together with a detailed analysis of the industry's present and future conditions.

Extruded snacks and non-extruded snacks are the two primary categories of snack food. Snacks comprised primarily of cereal flour or starches are frequently produced using extrusion cooking. Extruded snacks are generally high in calories and fat with low protein and fibre contents, and many customers find them to be unappealing. The numerous flavours, which include salty, tangy, spicy, and others, are sold through a variety of outlets, including convenience stores, supermarkets, hypermarkets, and online retailers.

As consumers' consumption patterns have gradually but steadily altered, they have shifted their attention away from flavour and more animal protein and toward a wider range of product qualities. To maintain a healthy, balanced diet, consumers are looking for a combination of processed and fresh goods. The need for functional snacks is rising, and young demographic customers' expectations and demands are changing quickly.

Market Segmentations:
Global Snack Foods Market: By Key Players
Calbee
ConAgra Foods
Ferrero
General Mills
Grupo Bimbo
Herr Foods
Intersnack Knabber-Geback
Kellogg
Link Snacks
Lindt & Sprungli

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Global Snack Foods Market: By Types
Meat Snacks
Snack Bar
Salty Snacks
Gluten-Free Snacks

Global Snack Foods Market: By Applications
Supermarket
Convenience Store

Global Snack Foods Market: Regional Analysis
The countries covered in the regional analysis of the Global Snack Foods market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Market Trends:

• Globally, people are replacing their meals with snacks, as there is very less time for them to have a proper meal because of their busy work schedules.
• Many nuclear families live in big cities, and due to both parents working, the kids have a habit of snacking at least once a day instead of having a whole meal.
• The bachelors who live away from their homes for their jobs may not know how to cook for themselves, so that they may shift to healthy snacking options.

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Reasons to Purchase this Report

• Provision of market value (USD Billion) data for each segment and sub-segment
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Market Competitive Analysis:

• The competition in the snack food market is high, mostly in developed countries, where a large number of snack food manufacturing companies are operating to serve a limited population.
• The prominent players are focusing on new product developments, expansions, partnerships, and mergers and acquisitions as strategies to cater to the increasing demand from consumers, thereby gaining a competitive advantage in the market.
• In order to strengthen their hold in the market, these companies are innovating their flavors, expanding their target markets, and strengthening their distribution channels.

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