The snack food production industry mainly produces snack foods, including potato & corn chips, pretzels, nut butter, popcorn, roasted & salted nuts, and other similar snacks. Rising health concerns among consumers along with changing lifestyles with diets have spurred demand for various snacking options across the globe. Also, increasing replacement of meals with snacks, coupled with more and more people asking for allergen-free, vegan food products, is a major trend boosting the market.
MARKET DYNAMICS
The food snacks market has witnessed significant growth owing to factors such as increasing consumer preference for convenience food products. The improving consumer lifestyle, high disposable income, and rapid urbanization are increasing the demand for on the go convenience foods, hence fuelling the ready-to-eat food market growth. Changing food consumption behavior of consumers increased willingness to spend on such food items and the lack of time to cook at home are some factors resulting in the rapid urbanization. Furthermore, international brands have been capitalizing on this opportunity through packaging their products in a more convenient manner mainly to increase shelf life and make them easier to consume on the go. All these factors are propelling the market growth for the snack food market. However, various laws and regulations on the packaged food products may hamper the growth of the food 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 Food 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 food snacks market with detailed market segmentation by type, distribution channel, and geography. The global food snacks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food snacks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global food snacks market is segmented on the basis of type, and distribution channel. The food snacks market on the basis of the type is classified into salted & savory snacks, sweet snacks, specialty & frozen snacks, and others. On the basis of distribution channel, global food snacks market is bifurcated into supermarkets & hypermarkets, convenience store, online stores, 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 food 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 food 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 food 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 food snacks market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global food 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 food snacks market are anticipated to lucrative growth opportunities in the future with the rising demand for food snacks in the global market. Below mentioned is the list of few companies engaged in the food snacks market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food 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.
- Aviko
- Calbee Inc.
- ConAgra Foods Inc
- Ferrero S.P.A.
- General Mills
- McCain Foods
- Nestle SA
- Pepsico
- The Kraft Heinz Company
- Tyson Foods
- Cargill Incorporated
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.