Snacks have a huge consumer appeal and are highly being consumed by different age groups. Healthy baked snacks offer energy between meals and also boost the overall nutrition intake. Nutrition is a prime reason for the high consumption of baked snacks; hence, it is significantly consumed by consumers on-the-go. Consumers prefer snacking more than before since these are considered to be healthy along with easily available in-between meals. Manufacturers are further developing portable packs to make baked snacks prepared from vegetables, fruits, and meats, among others, more convenient for consumers. Consumers are also looking for healthy alternatives to fried potato chips; accordingly, manufacturers are producing baked chips, savory & sweet baked cookies, ready to eat popcorn and others.
MARKET DYNAMICS
The baked snacks market has witnessed significant growth owing to factors such as increasing preference for convenience food products. High market penetration, as well as growing consumer demand for healthy snacks, are expected to drive the overall demand for baked snacks. Moreover, owing to a huge retail space catering to a wide range of preferences, supermarkets/ hypermarkets are mainly dominant channels for the sales of baked snack products. Discount offer, special deals, coupons, discounts, and value for the money can further enhance the buying experience. However, fluctuating prices of raw materials utilized in the production of baked snacks may restrict the growth of the baked snacks market. Nevertheless, with the steady growth in the food processing industry and e-commerce sector, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Baked Snacks Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the baked snacks market with detailed market segmentation by product, distribution channel, and geography. The global baked snacks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading baked snacks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global baked snacks market is segmented on the basis of product, and distribution channel. The baked snacks market on the basis of the product is classified into biscuits and cookies, extruded snacks, chips, pretzels, and others. On the basis of distribution channel, global baked snacks market is bifurcated into supermarkets & hypermarkets, convenience stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global baked snacks market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The baked snacks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the baked snacks market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the baked snacks market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global baked snacks market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from baked snacks market are anticipated to lucrative growth opportunities in the future with the rising demand for baked snacks in the global market. Below mentioned is the list of few companies engaged in the baked snacks market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the baked snacks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B and G Foods
- ConAgra Foods
- Diamond Foods, Inc.
- General Mills
- ITC Limited
- Mondelez International, Inc.
- Nestle S.A.
- PepsiCo Inc.
- The American Pop Corn Company
- The Kellogg's Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.