Press release
Snacks Market Size, Share, Growth, Industry Trends and Future Outlook (2025 - 2034)
Snacks Market
The global snacks market has experienced significant growth due to changing consumer preferences, increasing urbanization, and the demand for convenient, on-the-go food options. In 2024, the market was valued at USD 645.77 billion, with projections indicating a CAGR of 5.3% between 2025 and 2034. By 2034, the market is expected to reach USD 1,027.86 billion. Factors such as product innovation, health-conscious snacking trends, and the expansion of online retail channels are contributing to the market's steady growth.
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Snacks Market Trends
Growing Demand for Healthier Snack Options - Consumers are shifting towards snacks made with natural ingredients, high protein, and low sugar to support healthy lifestyles.
Innovation in Flavours and Ingredients - Brands are introducing ethnic, spicy, and plant-based flavours to cater to diverse taste preferences.
Rise of Plant-Based and Vegan Snacks - Increased demand for dairy-free, gluten-free, and plant-based alternatives is reshaping the industry.
Expansion of Online Snack Retailing - E-commerce platforms and direct-to-consumer models are making snack purchases more convenient.
Premiumization in Snacking - Consumers are willing to pay more for organic, gourmet, and artisanal snack products.
Snacks Market Growth Factors
Urbanization and Changing Lifestyles - Busy lifestyles have increased demand for on-the-go snacks that are quick and easy to consume.
Rise in Disposable Income - Higher spending power, especially in emerging economies, is fueling the demand for premium and healthier snacks.
Growing Influence of Social Media Marketing - Brands are leveraging digital marketing to engage consumers with personalized snack recommendations.
Sustainability and Ethical Sourcing - Companies are adopting eco-friendly packaging and responsibly sourced ingredients to attract environmentally conscious consumers.
Expansion of Functional Snacks - Products with added vitamins, probiotics, and protein are gaining popularity.
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Snacks industry Segmentation
Breakup by Type
Bakery Snacks - Includes biscuits, cookies, cakes, and pastries that remain a staple snack category.
Savoury Snacks - Includes chips, popcorn, and nuts, widely consumed due to their variety and convenience.
Confectionery Snacks - Includes chocolates, candies which remain popular across all age groups.
Frozen Snacks - Includes frozen pizza, nuggets, and other ready-to-eat products catering to quick meal solutions.
Fruit Snacks - Includes dried fruits, fruit bars, and fruit-based chips, appealing to health-conscious consumers.
Others - Includes innovative snacks such as protein bars, rice
cakes, and yogurt-based treats.
Breakup by Distribution Channel
Supermarkets and Hypermarkets - The most dominant sales channel, offering a wide variety of snack products.
Convenience Stores - Preferred for impulse snack purchases due to accessibility and variety.
Online - Rapidly growing due to the convenience of home delivery and subscription-based snack services.
Others - Includes specialty stores, vending machines, and
direct-to-consumer sales channels.
Breakup by Region
North America
United States of America - The largest market for snacks, driven by high demand for healthy, organic, and protein-rich snacks.
Canada - Growing interest in premium and plant-based snacks is fueling market expansion.
Europe
United Kingdom - Increasing demand for low-calorie and gluten-free snacks.
Germany - High adoption of functional snacks and energy bars for fitness-conscious consumers.
France - Growth in chocolate and artisanal bakery snack consumption.
Italy & Others - Rising demand for Mediterranean-inspired healthy snacks.
Asia Pacific
China - Strong demand for snack foods driven by urbanization and online retail growth.
Japan - Innovation in flavours and snack formats, with a focus on health-conscious options.
India - Increasing popularity of regional and traditional snacks with modern packaging.
ASEAN & Australia - Growth in vegan and protein-rich snacks.
Latin America
Brazil, Argentina, Mexico & Others - Rising middle-class population and growing snack consumption in urban areas.
Middle East and Africa
Saudi Arabia, UAE, Nigeria, South Africa & Others - Increased demand for on-the-go snacks and healthier alternatives.
Snacks Key Market Players
PepsiCo, Inc.
PepsiCo is a global leader in the snack industry, with well-known brands like Lay's, Doritos, Cheetos, and Quaker. The company focuses on sustainable packaging, healthier snack innovations, and expanding its product portfolio to cater to evolving consumer preferences.
General Mills, Inc.
General Mills produces popular snack brands such as Nature Valley, Betty Crocker, and Chex Mix. The company has invested in organic and whole-grain snack products, aligning with growing health trends.
Kellanova
Kellanova, formerly known as Kellogg's, specializes in cereal-based snacks, granola bars, and savoury treats. The company emphasizes nutritional benefits and plant-based innovations.
Nestlé S.A.
Nestlé is a key player in the confectionery and snacks industry, offering products like KitKat, Smarties, and Fitness bars. The company is expanding its sugar-reduced and functional snack segments.
Unilever Plc
Unilever manufactures a variety of frozen snacks and confectionery under brands like Magnum, Cornetto, and Knorr. The company is focusing on sustainable sourcing and vegan snack options.
Mondelez International, Inc.
Mondelez owns Oreo, Cadbury, Toblerone, and Ritz, making it a dominant player in the global snacks market. The company is expanding into better-for-you snack categories to meet consumer health demands.
Mars, Incorporated
Mars produces some of the world's most popular confectionery snacks, including Snickers, M&M's, and Twix. The company has recently expanded into healthy and protein-rich snack alternatives.
Conagra Brands, Inc.
Conagra owns snack brands like Slim Jim, Orville Redenbacher's, and Angie's BOOMCHICKAPOP, catering to both savoury and healthy snack segments. The company is investing in clean-label ingredients and innovative snack formats.
Grupo Bimbo S.A.B. de C.V.
Grupo Bimbo is a global bakery leader known for breads, pastries, and packaged bakery snacks. The company is expanding its gluten-free and whole-grain product lines.
Hunter Foods LLC
Hunter Foods specializes in premium, gourmet, and organic snack products. The company's focus on health-conscious and ethnic snack flavours sets it apart in niche markets.
Tyson Foods, Inc.
Tyson Foods is a leading manufacturer of frozen snacks, protein-rich snacks, and meat-based snacks. The company is investing in alternative protein and sustainable meat snack products.
Others
Several other emerging and established brands contribute to the growing demand for innovative, healthier, and functional snack products, focusing on sustainability, clean labels, and organic ingredients.
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