Press release
Global Snack Food Market Report 2025: Strong Growth, Key Drivers, and Emerging Trends
Snack Food Market Share 2025
What Is The Projected Market Size Of The Global Snack Food Market And Its Growth Rate?
The snack food market is growing significantly, bolstered by shifting consumer lifestyles, convenience and portability, and innovative flavors.
•2024 Market Size: $249.66 billion
•2025 Market Size: $265.58 billion (6.4% CAGR)
•2029 Market Size: $339.94 billion (6.4% CAGR)
The rise in demand for natural and organic snacks, plant-based and alternative proteins, sustainability practices, and a focus on transparency and clean labeling will contribute to this growth.
What Is Driving The Growth In The Snack Food Market?
The abundance of crops and the resulting lowered raw material costs, due to overcapacity in many countries, are expected to fuel the growth of the snack food market. For instance, India's Cabinet Committee on Economic Affairs provided a bailout package of $8.4 billion in November 2022 to counter the decline in refined sugar prices due to overproduction. This situation is expected to yield higher profit margins for snack food manufacturers and in turn increase productivity, driving the market's progression.
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Who Are the Key Players Driving Snack Food Market Growth?
Key players in the snack food market include:
•My Super Foods LLC
•Nestlé SA
•PepsiCo Inc.
•Unilever PLC
•Mondelez International Inc.
•The Kraft Heinz Company
•General Mills Inc.
•The Kellogg Company
•Conagra Brands Inc.
•Sprout Foods Inc.
What Are The Key Trends In The Snack Food Market?
Emerging trends in the snack food market include:
•Innovative textures
•Snackification of meals
•Global flavor exploration
•Societal trends and busier lifestyles
•Innovations in ingredients
•E-commerce and online retailing
What Are The Segments Of The Global Snack Food Market?
The snack food market can be segmented by:
•Type: Extruded Snacks, Non-extruded Snacks
•Flavor: Salty, Tangy, Spicy, Other Flavors
•Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Which Region Leads The Snack Food Market?
Asia-Pacific was the largest region in the snack food market in 2024, followed by North America. Other regions covered in the snack food market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Snack Food Global Market Report?
- Market Size Analysis: Analyze the Snack Food Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Snack Food Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Snack Food Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Snack Food Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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