A sweet snack is one with ingredients that can recognize from nature that means fresh, frozen, or dried fruit, dark chocolate, smoothies, and treats made with whole foods like nuts, seeds, dates, and coconut. Most of these sweet snacks have fewer calories and carbohydrates, but not all of them are calorie-free or carb-free.
MARKET SCOPE
The "Global Sweet Snacks Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sweet snacks market with detailed market segmentation by product type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading sweet snacks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global sweet snacks market is segmented into crisps and chips, extruded snacks, flakes, and others.
- Based on category, the global sweet snacks market is segmented into sugar-free and conventional.
- Based on distribution channel, the global sweet snacks market is segmented into supermarkets and hypermarkets, convenience stores, online retail, others.
MARKET DYNAMICS
Drivers:
- Increasing snacking among the youth and new product launches among others.
- The significant rise in population of youth and growing disposable income per capita.
Restraints:
- High consumption of sweet snacks can affect diabetic patients.
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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sweet 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 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 sweet snacks market in these regions.
IMPACT OF COVID-19ON SWEET SNACKS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The food and beverages industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the sweet snacks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic 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 players from sweet snacks market are anticipated to witness lucrative growth opportunities in the future with the rising demand for sweet snacks in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sweet 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.
- PepsiCo
- Diamond Foods Inc.
- Golden Wonder
- Procter and Gamble
- The Hain Celestial Group
- ITC Limited
- Kellogg Company
- ConAgra Brands Inc.
- Jack Link's Beef Jerky
- Nestle S.A.