Global Snacks Market Overview, Industry Top Competitors, Market Shares, Industry Growth Analysis & Forecast: 2022
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Key Estimations by Fact.MR’s Report for the Global Snacks Market
1- North America is expected to remain dominant in the global snacks market, in terms of revenues. The market in this region is projected to register the highest CAGR through 2022.
2- The market in Europe is expected to create an absolute $ opportunity of US$ 4,979.2 Mn between 2017 and 2022.
3- Biscuits will continue to be sought-after among products, with sales estimated to account for the largest revenues by 2022-end. Sales of biscuits are expected to account for more than half share of the market during the forecast period.
4- Sales of bars are estimated to register the fastest expansion through 2022, and will remain the second most lucrative product in the global snacks market.
5- Supermarkets/hypermarkets will remain the largest distribution channels for snacks.
6- Convenience stores will stick to their position of being the second most lucrative distribution channels for snacks during the forecast period.
Biscuits Larger than Bars and Fruit Segment in Global Snacks Market
With a revenue share of more than 50% by product type, biscuits represent the most attractive segment in the snacks market. This segment is anticipated to grow to almost US$ 48 billion by the end of the forecast period with North America contributing 1/3rd revenue share. The fast-paced lifestyle of consumers in North America makes biscuits particularly appealing in the snacks market. The second most lucrative segment in the snacks market is snack bars that comprise a quarter of the revenue. While North America is the largest region for snacks, the CAGR of Japan and Europe is in high single-digits.
Target Independent Retailers and Convenience Stores in Snacks Market
It would make sense to focus on convenience stores and independent retailers as supermarkets are already fairly well-entrenched in the snacks market. Convenience stores are likely to witness steady growth in terms of revenues. Independent retailers have a lower revenue share, but this segment will continue to offer growth opportunities to manufacturers. North America contributes approx. 1/3rd of the snacks market in the case of both independent retailers as well as convenience stores, making it imperative for snack companies to focus on these distribution channels in the snacks market.
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Table of Contents:
Chapter 1. Global Snacks Market - Executive Summary. 12
Chapter 2. Global Snacks Market Overview. 14
2.1. Introduction. 14
2.1.1. Global Snacks Market Taxonomy. 14
2.1.2. Global Snacks Market Definition. 14
2.2. Global Snacks Market Size (US$ Mn) and Forecast, 2012-2022. 15
2.2.1. Global Snacks Market Y-o-Y Growth. 15
2.3. Global Snacks Market Dynamics. 15
2.3.1. Drivers. 15
2.3.2. Restraints. 15
2.3.3. Trends. 16
2.4. Supply Chain. 16
2.5. Epidemiology. 16
2.6. List of Distributors. 16
2.7. Average Pricing Analysis. 16
2.8. Regulations. 16
2.9. Key Participants Market Presence (Intensity Map) By Region. 17
Chapter 3. Global Snacks Market Analysis and Forecast By Product Type. 18
3.1. Global Snacks Market Size and Forecast By Product Type, 2012-2022. 18
3.1.1. Fruit Snacks Market Size and Forecast, 2012-2022. 18
184.108.40.206. Revenue (US$ Mn) Comparison, By Region. 18
220.127.116.11. Market Share Comparison, By Region. 19
18.104.22.168. Y-o-Y growth Comparison, By Region. 20
3.1.2. Bars Snacks Market Size and Forecast, 2012-2022. 21
22.214.171.124. Revenue (US$ Mn) Comparison, By Region. 21
126.96.36.199. Market Share Comparison, By Region. 22
188.8.131.52. Y-o-Y growth Comparison, By Region. 23
3.1.3. Biscuits Snacks Market Size and Forecast, 2012-2022. 24
184.108.40.206. Revenue (US$ Mn) Comparison, By Region. 24
220.127.116.11. Market Share Comparison, By Region. 25
18.104.22.168. Y-o-Y growth Comparison, By Region. 26
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