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Product Code BW091180747CQX
Published Date 2023/5/9
English200 PagesGlobal

Global Snack Food Products Market Size study & Forecast, by Product (Bakery, Confectionery, Savory Snacks, Others), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Regional Analysis, 2022-2029Food_Beverage_Agriculture Market


Report Thumbnail
Product Code BW091180747CQX◆The May 2026 edition is also likely available. We will check with the publisher immediately.
Published Date 2023/5/9
English 200 PagesGlobal

Global Snack Food Products Market Size study & Forecast, by Product (Bakery, Confectionery, Savory Snacks, Others), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Regional Analysis, 2022-2029Food_Beverage_Agriculture Market



Abstract


Summary

Global Snack Food Products Market to reach USD 843.23 billion by the end of 2029. Global Snack Food Products Market is valued at approximately USD 557.85 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. A snack is a small food serving typically consumed in between meals. Snacks are available in various shapes and forms such as packaged snack foods and other processed foods. Snack food products include bakery, confectionery, savory snacks, and others. The rising consumption of snacks among the millennial population, coupled with the increasing number of convenience stores is likely to bolster the market demand. The market growth is primarily driven by the factors such as rising flavor trends in the snacks industry, surge in demand for vegan and allergen-free snacks, and increasing consumption of convenient and ready-to-eat snacks. The rising replacement of meals with snacks is playing a vital role in the demand for snack food products, which, in turn, accelerates the market growth globally. The Glanbia Nutritional Survey of Healthy Snacking Trends 2022 stated that the top five newest trends for healthy snacking include reduced sugar, more protein, clean snacking, innovative formats, and functional nutrition. Also, the same survey claims that people have been munching to relieve stress in their personal and professional lives. In the UK, 26% of men and 46% of women eat snacks to ease their frustration. Stress eating results in a loss of desire for meals, and over time, snacks appear to take the place of meals. Thereby, these aforementioned factors are likely to stipulate the market demand across the world. Moreover, rising availability of products on various e-commerce platforms, as well as increasing number of product launches and supportive initiatives by established market players are presenting various lucrative opportunities over the forecasting years. However, the health issues associated with snacks are a challenging factor for the market growth throughout the forecast period of 2022-2029. The key regions considered for the Global Snack Food Products Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing adoption of healthier snacking options., along with the rising disposable income. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rise in the demand for gluten-free bakery snack products, as well as the high adoption of convenient and ready-to-eat snacks in the market space. Major market players included in this report are: Kellogg Company General Mills Tyson Foods Kraft Heinz Company ConAgra Brands. Unilever Group Nestle S.A. J.M. Smucker Co PepsiCo Mars, Inc. Recent Developments in the Market:  In May 2022, General Mills announced the acquisition of TNT Crust- a manufacturer of self-rising pizza crusts, half-baked, and frozen pizza crusts, which offers these products for regional and national pizza chains, retailers, and grocery stores. The aim of this acquisition is to support General Mills to strengthen its current portfolio of frozen Bakery Snacks products.  In October 2022, General Mills entered into a partnership agreement with Hidden Valley Ranch with the objective of expanding the crunch at Hidden Valley's savory ranch offerings. Hidden Valley Ranch Flavors are created from a combination of the aromatic herbs from the ranch's huge, vibrant flavour and the products' distinctive shape. Global Snack Food Products Market Report Scope: Historical Data 2019-2020-2021 Base Year for Estimation 2021 Forecast period 2022-2029 Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends Segments Covered Product, Distribution Channel, Region Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope* The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study. The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: By Product: Bakery Confectionery Savory Snacks Others By Distribution Channel: Supermarkets and Hypermarkets Convenience Stores Online Retail Others By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico RoLA Rest of the World

Table of Contents

  • 1 Executive Summary

    • 1.1 Market Snapshot
    • 1.2 Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
      • 1.2.1 Snack Food Products Market, by Region, 2019-2029 (USD Billion)
      • 1.2.2 Snack Food Products Market, by Product, 2019-2029 (USD Billion)
      • 1.2.3 Snack Food Products Market, by Distribution Channel, 2019-2029 (USD Billion)
    • 1.3 Key Trends
    • 1.4 Estimation Methodology
    • 1.5 Research Assumption
  • 2 Global Snack Food Products Market Definition and Scope

    • 2.1 Objective of the Study
    • 2.2 Market Definition & Scope
      • 2.2.1 Scope of the Study
      • 2.2.2 Industry Evolution
    • 2.3 Years Considered for the Study
    • 2.4 Currency Conversion Rates
  • 3 Global Snack Food Products Market Dynamics

    • 3.1 Snack Food Products Market Impact Analysis (2019-2029)
      • 3.1.1 Market Drivers
        • 3.1.1.1 Rising replacement of meals with snacks
        • 3.1.1.2 Increasing consumption of convenient and ready-to-eat snacks
      • 3.1.2 Market Challenges
        • 3.1.2.1 Health issues associated with snacks
      • 3.1.3 Market Opportunities
        • 3.1.3.1 Rising availability of products on various e-commerce platforms
        • 3.1.3.2 Increasing number of product launches and supportive initiatives by established market players
  • 4 Global Snack Food Products Market Industry Analysis

    • 4.1 Porter’s 5 Force Model
      • 4.1.1 Bargaining Power of Suppliers
      • 4.1.2 Bargaining Power of Buyers
      • 4.1.3 Threat of New Entrants
      • 4.1.4 Threat of Substitutes
      • 4.1.5 Competitive Rivalry
    • 4.2 Futuristic Approach to Porter’s 5 Force Model (2019-2029)
    • 4.3 PEST Analysis
      • 4.3.1 Political
      • 4.3.2 Economical
      • 4.3.3 Social
      • 4.3.4 Technological
    • 4.4 Top investment opportunity
    • 4.5 Top winning strategies
    • 4.6 Industry Experts Prospective
    • 4.7 Analyst Recommendation & Conclusion
  • 5 Risk Assessment: COVID-19 Impact

    • 5.1 Assessment of the overall impact of COVID-19 on the industry
    • 5.2 Pre COVID-19 and post COVID-19 Market scenario
  • 6 Global Snack Food Products Market, by Product

    • 6.1 Market Snapshot
    • 6.2 Global Snack Food Products Market by Product, Performance - Potential Analysis
    • 6.3 Global Snack Food Products Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
    • 6.4 Snack Food Products Market, Sub Segment Analysis
      • 6.4.1 Bakery
      • 6.4.2 Confectionery
      • 6.4.3 Savory Snacks
      • 6.4.4 Others
  • 7 Global Snack Food Products Market, by Distribution Channel

    • 7.1 Market Snapshot
    • 7.2 Global Snack Food Products Market by Distribution Channel, Performance - Potential Analysis
    • 7.3 Global Snack Food Products Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
    • 7.4 Snack Food Products Market, Sub Segment Analysis
      • 7.4.1 Supermarkets and Hypermarkets
      • 7.4.2 Convenience Stores
      • 7.4.3 Online Retail
      • 7.4.4 Others
  • 8 Global Snack Food Products Market, Regional Analysis

    • 8.1 Snack Food Products Market, Regional Market Snapshot
    • 8.2 North America Snack Food Products Market
      • 8.2.1 U.S. Snack Food Products Market
        • 8.2.1.1 Product breakdown estimates & forecasts, 2019-2029
        • 8.2.1.2 Distribution Channel breakdown estimates & forecasts, 2019-2029
      • 8.2.2 Canada Snack Food Products Market
    • 8.3 Europe Snack Food Products Market Snapshot
      • 8.3.1 U.K. Snack Food Products Market
      • 8.3.2 Germany Snack Food Products Market
      • 8.3.3 France Snack Food Products Market
      • 8.3.4 Spain Snack Food Products Market
      • 8.3.5 Italy Snack Food Products Market
      • 8.3.6 Rest of Europe Snack Food Products Market
    • 8.4 Asia-Pacific Snack Food Products Market Snapshot
      • 8.4.1 China Snack Food Products Market
      • 8.4.2 India Snack Food Products Market
      • 8.4.3 Japan Snack Food Products Market
      • 8.4.4 Australia Snack Food Products Market
      • 8.4.5 South Korea Snack Food Products Market
      • 8.4.6 Rest of Asia Pacific Snack Food Products Market
    • 8.5 Latin America Snack Food Products Market Snapshot
      • 8.5.1 Brazil Snack Food Products Market
      • 8.5.2 Mexico Snack Food Products Market
      • 8.5.3 Rest of Latin America Snack Food Products Market
    • 8.6 Rest of The World Snack Food Products Market
  • 9 Competitive Intelligence

    • 9.1 Top Market Strategies
    • 9.2 Company Profiles
      • 9.2.1 Kellogg Company
        • 9.2.1.1 Key Information
        • 9.2.1.2 Overview
        • 9.2.1.3 Financial (Subject to Data Availability)
        • 9.2.1.4 Product Summary
        • 9.2.1.5 Recent Developments
      • 9.2.2 General Mills
      • 9.2.3 Tyson Foods
      • 9.2.4 Kraft Heinz Company
      • 9.2.5 ConAgra Brands
      • 9.2.6 Unilever Group
      • 9.2.7 Nestle S.A
      • 9.2.8 J.M. Smucker Co
      • 9.2.9 PepsiCo
      • 9.2.10 Mars, Inc
  • 10 Research Process

    • 10.1 Research Process
      • 10.1.1 Data Mining
      • 10.1.2 Analysis
      • 10.1.3 Market Estimation
      • 10.1.4 Validation
      • 10.1.5 Publishing
    • 10.2 Research Attributes
    • 10.3 Research Assumption
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Global Snack Food Products Market Size study & Forecast, by Product (Bakery, Confectionery, Savory Snacks, Others), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Regional Analysis, 2022-2029 | Food_Beverage_Agriculture Market Research Report - ShareFair Markets