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Snack Food Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2023-2032
Snack Food Market
The Business Research Company's Snack Food Global Market Report 2023 identifies outbreak of COVID-19 disease (COVID-19) as the major driver for the Snack Food market's growth in the forecast period. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia.
The global snack food market size grew from $237.65 billion in 2022 to $256.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global snack food market is expected to grow to $333.12 billion in 2027 at a CAGR of 6.8%.
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Major competitors in the Snack Food market are PepsiCo Inc., Conagra Brands Inc., General Mills, McCain Foods Limited, Calbee Inc., The Campbell Soup Company.
A key trend in the Snack Food market includes snack food manufacturing companies. The companies package and distribute their products through various distribution channels to both individual customers and commercial establishments. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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The Snack Food market is segmented -
• By Type: Extruded Snacks, Non-extruded Snacks
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
• By Flavour: Salty, Tangy, Spicy, Other Flavours
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Snack Food market.
The Business Research Company's "Global Snack Food Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Snack Food Market Include:
1. Executive Summary
2. Report Structure
3. Snack Food Market Characteristics
4. Snack Food Market Product Analysis
5. Snack Food Market Supply Chain
……………………………………………………………
20. Snack Food Market Competitive Landscape
21. Key Mergers And Acquisitions In The Snack Food Market
22. Market Background: Other Foods Products Market
23. Recommendations
24. Appendix
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