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A Comprehensive Study Exploring Roasted Snack Market | Key Players- Kraft Heinz, Tierra Farm, SunOpta
Roasted Snack Market
According to HTF Market Intelligence, the Roasted Snack market size is estimated to increase by USD 30 Billion at a CAGR of 8.2% from 2023 to 2030. Currently, the market value is pegged at USD 20 Billion.
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Roasted Snack Market Overview
Roasted snacks are prepared by roasting grains, nuts, or vegetables to produce crispy, flavorful products often enjoyed as a convenient snack. These products are widely consumed as they offer quick energy, savory flavors, and variety. Roasted snacks are evolving with healthier versions, such as reduced-fat, low-calorie, and plant-based alternatives, driven by changing consumer preferences.
Market Trends
Demand for healthier snack options, rise in on-the-go eating habits, growing interest in protein-based snacks
Market Drivers
Rising customer preference for healthy snacking options and increasing e-trade sector are the major factors fueling market growth and widespread adoption
Market Opportunities:
Innovation in product offerings, and expanding into untapped markets serve as potential opportunities for market expansion
Market Restraints:
High production costs and fluctuations in raw material prices are the major restraints that hinder market growth
Market Challenges:
Health concerns (e.g., obesity), high raw material prices, competition from alternative snacks
Fastest-Growing Region:
Asia-Pacific, Latin America
Dominating Region:
North America, Europe
Market Development Strategies:
In December, 2023, Greendot Health Foods Pvt Ltd through its brand Cornitos launched a new snacking product namely, Roasted Pistachios Salted in order to expand its portfolio. This new roasted snack is rich source of healthy fats, fiber, protein, antioxidants, and a bounty of essential nutrients, including the powerhouse vitamin B6.
Major Highlights of the Roasted Snack Market report released by HTF MI
The Roasted Snack Market is segmented by Type (Roasted Nuts, Roasted Legumes, Roasted Grains, Others) by Flavor (Salted, Spicy, Sweet, Others) by Packaging (Pouches, Cans, Jars, Others) by Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Specialty Stores, Others) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Revenue and Sales Estimation - Historical Revenue and sales volume are presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well-recognized Types and end-use industry.
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SWOT Analysis on Roasted Snack Players
In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.
Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.
Regulation Analysis
• Local System and Other Regulation: Regional variations in Laws for the use of Roasted Snack
• Regulation and its Implications
• Other Compliances
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Check it Out Complete Details of Report @ https://www.htfmarketintelligence.com/report/global-roasted-snack-market
𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 (𝐅𝐀𝐐)
1. What are the present scale and future growth prospects of the Roasted Snack Market?
Answer: The Roasted Snack Market size reached a valuation of USD 20 Billion in 2023, with projections to achieve USD 30 Billion by 2030, demonstrating a CAGR of 8.2% from 2024 to 2030.
2. What is the current state of the Roasted Snack market?
Answer: As of the latest data, the Roasted Snack market is experiencing growth, stability, and challenges.
3. Who are the key players in the Roasted Snack market?
Answer: Blue Diamond Growers (United States), Kraft Heinz (United States), Wonderful Pistachios & Almonds (United States), Haldiram's (India), SunOpta (Canada), Good Sense Foods (United States), Trader Joe's (United States), Shreeji foods (India), Tierra Farm (United States), B&G Foods (United States), Urban Platter (India), Nature's Garden (United States), Prana Foods (India), Greendot Health Foods Pvt Ltd (India) are the Prominent players in the Roasted Snack market, known for their notable characteristics and strengths.
4. What factors are driving the growth of the Roasted Snack market?
Answer: The growth of the Roasted Snack market can be attributed to factors such as key driver technological advancements, increasing demand, and regulatory support.
5. Are there any challenges affecting the Roasted Snack market?
Answer: The Roasted Snack market's challenges include competition, regulatory hurdles, and economic factors.
Thanks for reading this article; HTF MI also offers Custom Research services providing focused, comprehensive, and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter-wise sections or region-wise reports like Balkan, China-based, Japanese, German, North American, Europe, or Southeast Asia.
Contact Us :
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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