Snack Food Market Analysis and Forecast to 2025 By Recent Trends, Developments in Manufacturing Technology and Regional Growth Overview

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Japan, Japan, Fri, 05 Feb 2021 02:30:04 / Comserve Inc. / — The report analyzes the international markets including development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status.

Market Overview

Global snack food market is projected to grow at a CAGR of 5.34% during the forecast period.

– Snack food has emerged as an alternative to full-fledged meals with the paradigm shift in consumer behaviour patterns. The higher disposable incomes, as a result of the growing urbanization and increasing preference for convenience food, have triggered the growth of the snacks industry.
–
Globally, the number of independent working women, double-income families and nuclear families are increasing. This demographic change increases the demand for convenience food by many folds. Snack food is being considered as the closest alternative to regular food, which can be consumed any time (such as, during breakfast, lunch of dinner purpose).

Scope of the Report

The global snack food market is segmented by type into salted snacks, bakery snacks, confectionery, specialty & frozen snacks. The bakery snacks segment possesses the highest market coverage, while the salted snacks including potato chips, corn chips, tortilla chips, popcorn, pretzels, etc. are expected to have the highest market growth during the forecast period. The snack food industry also includes confectionery items like chocolates, candies and cookies, crackers, etc. The global snack food report discusses the market revenue in terms of distribution channels such as specialty stores, independent stores, online sales, convenience stores, supermarkets and hypermarket, etc.

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Key Market Trends

Growing Inclination Towards Healthy Snacking

The improving consumer lifestyle, rapid urbanization, high disposable income, are increasing demand for on the go convenience foods, thereby fuelling the ready-to-eat food market growth. Changing food consumption behavior among consumers, increased willingness to spend on such food and the lack of time to cook at home are a result of the rapid urbanization. Urbanization also helps in increasing the disposable income, which increases the food expenditure of the final consumer. Currently, ready-to-eat food is the largest segment in the overall conventional and non-conventional food industry. This segment is growing at a fast pace as a result of the high consumer acceptance for such food globally. Innovative products in functional ingredients, convenience, and organic foods and advancement in areas of packaging technology are expected provide a future growth opportunity in the sector.

Europe Holds the Major Share in Snack Food Market

Snack food products are largely consumed in the developed regions due to high commercialization and urbanization. The market is expected to growth with a high CAGR in developing countries across the globe. Europe represents the largest market for snack food products, followed by North America. The preference for healthy and nutritious snack food is expected to help maintain a steady growth in the developed markets. Asia-Pacific is poised to register the fastest growth during the forecast period, owing to the increasing demand from the developing countries of India and China. The spread of western eating habits to the developing world and growing urbanization have helped in better market penetration for the global players in the developing nations of Asia-Pacific and South America. Among countries, the United States continues to be the largest market, accounting for one-thirds of the total. Japan and the United Kingdom together account for one-fourth of the global snack food market share.

Competitive Landscape

The competition in the global snack food market is reported to be huge mostly in the developed countries where a large number of snack food manufacturing companies are operating to serve the limited population. Some of the major key players in the global snack market are Calbee Inc., ConAgra Foods Inc., General Mills Inc., Nestle, The Kraft Heinz Company, and Tohato Inc., among others.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Salted Snacks
5.1.2 Bakery Snacks
5.1.3 Confectionery
5.1.4 Specialty & Frozen Snacks
5.2 By Distribution Channel
5.2.1 Super Markets/Hyper Markets
5.2.2 Convenience Stores
5.2.3 Specialty Stores
5.2.4 Online Retail Stores
5.2.5 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 The Kellogg Company
6.3.2 Nestle S.A
6.3.3 ConAgra Food Inc.
6.3.4 Calbee, Inc.
6.3.5 PepsiCo, Inc
6.3.6 Hormel Foods Corporation
6.3.7 Sargento Foods Inc
6.3.8 J&J Snack Foods Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

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