Snacks Market Size was valued at USD 1.38 trillion in 2022 and is expected to reach USD 1.77 trillion by 2030, and grow at a CAGR of 3.2% over the forecast period 2023-2030.
Snacks allude to food items that are more modest in segment size than the principal supper and are normally eaten as a side dish or starter. They are either heated or broiled and are ready from an assortment of fixings, including corn, potatoes, grains, nuts, oil, vegetables, and so on. Snacks are generally accessible in sweet, pungent, sharp, and zesty preferences. In India, a portion of the usually accessible bites incorporate chips, popcorn, salted peanuts, fryums, and so on. These bites are generally liked by the majority attributable to their wonderful taste, long timeframe of realistic usability, simple capacity, and so forth.
.png)
Over the medium term, nibble food might arise as a choice to undeniable suppers with a change in outlook in customer ways of behaving. Snacks are advancing to take care of changing interests as enabled customers progressively look for delectable, wholesome, and supportable food sources to feel they’re in a hurry way of life. Eating is on the ascent as the interest for accommodation and convenience energizes utilization, with premiumization prodding development and assortment in new, better-for-you, and practical bites. The restriction is empowering the utilization of striking and zesty flavors and extraordinary fixings to speak to worldwide palates, which is driving development in the local business sectors. Comfort is additionally driving the web-based deals of prepared-to-eat snacks, with nibble food sources being one of the top food classes bought through online business channels.
Driving Factors:
Restraining Factors:
Opportunities:
Challenges:
The pandemic-prompted lockdowns combined with the worldwide reception of the work-from-home culture have prompted the remarkable development of the bite market over the most recent two years. This pattern is supposed to support during the estimated time frame, as nibble makers are zeroing in on item advancements like better and natural items. Coronavirus lockdowns provoked an expansion in at-home utilization of food items. Coronavirus lockdown executions and expansions had given nibble items a critical job in families all over the globe. Since additional individuals are telecommuting, the longing for "in a hurry guilty pleasure" has escalated. Over the past two years, interest for bundled snacks like treats, chips, noodles, and macaroni has expanded as the pandemic has urged purchasers to layout new in-home eating conditions.
Product Type:
Frozen and refrigerated overwhelmed the item portion. Frozen merchandise ended up being a pandemic force to be reckoned with in 2020 when overreacted clients supplied their coolers with longer-rack items during the lockdown's pinnacle. Notwithstanding, exquisite tidbits are supposed to enlist the quickest CAGR during the figure time frame. In North America as well as, the Middle East and Africa, meat snacks like jerky and dried meat, developed at a quick speed. Purchasers' developing wellbeing mindfulness was joined by an expansion in nervousness and vulnerability about the pandemic. As customers attempted to treat themselves with tidbits that matched their dietary and wellbeing objectives, these patterns joined to make the idea of "allowable extravagance" more fundamental than any other time in recent memory.
Distribution Channel:
The stores and hypermarkets represented a significant portion of the worldwide bites market. In some major league salary nations, general stores and hypermarkets are the essential providers of nibble food. Fruitful online business organizations, going from Amazon in the U.S. to JD.com in China, have been opening or procuring actual general stores as of late. Purchasers, especially Millennials and Generation Z, favor prepared-to-eat items. Associations between online food conveyance firms and makers of prepared-to-eat food varieties are additionally helping the nibble food area to flourish.
By Product:
Frozen & Refrigerated
Fruit
Bakery
Savory
Confectionery
Dairy
Others
By Distribution Channel:
Supermarkets & Hypermarkets
Convenience Stores
Online
Others
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Nibble food items are to a great extent ate in created locales because of high commercialization and urbanization. The market is supposed to keep a high CAGR in emerging nations across the world. Asia-Pacific addresses the biggest and quickest developing business sector for nibble food items, trailed by North America in size, attributable to expanding request from the non-industrial nations of India and China. The spread of Western dietary patterns to the creating scene and developing urbanization have further developed market entrance for worldwide players entering the emerging countries of Asia-Pacific. The Chinese nibble food market enlisted a steady development in the review period, and it is normal to work on further during the conjecture time frame. Besides, the rising interest for in a hurry nibbling with extra wholesome substance is driving the interest for meat-based snacks on the lookout. Furthermore, the higher protein content and lower fat and carb items in items expand their interest among sports and wellness lovers.
General Mills, Inc., PepsiCo, The Kraft Heinz Company, Nestlé, The Kellogg Company, Unilever, Calbee, Intersnack Group GmbH & Co. KG, Conagra Brands, Inc., ITC Limited.
PepsiCo-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.38 Triillion |
| Market Size by 2030 | US$ 1.77 Trillion |
| CAGR | CAGR 3.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Frozen Snacks, Savory Snacks, Fruit Snacks, Confectionery Snacks, Bakery Snacks, and Other Types) • by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, and Other Distribution Channels) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | General Mills, Inc., PepsiCo, The Kraft Heinz Company, Nestlé, The Kellogg Company, Unilever, Calbee, Intersnack Group GmbH & Co. KG, Conagra Brands, Inc., ITC Limited |
| Key Drivers | •The rising replacement of dinners with snacks. •The rising interest for veggie-lover, without allergen snacks. |
| Market Restraints | •Oral Health, Blood Sugar Problems, Weight Control, and Other Adverse Health Conditions. |
The Snacks Market Size was valued at USD 1.38 trillion in 2022.
Major players in the market General Mills, Inc., PepsiCo, The Kraft Heinz Company, Nestlé, The Kellogg Company, Unilever, Calbee, Intersnack Group GmbH & Co. KG, and others in the final report.
Snacks Market is segmented into two segments by Type and by Distribution Channel.
Asia Pacific region is dominating the Snacks Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Snacks market segmentation, by Product
8.1 Frozen & Refrigerated
8.2 Fruit
8.3 Bakery
8.4 Savory
8.5 Confectionery
8.6 Dairy
8.7 Others
9. Global Snacks market segmentation, by Distribution channel
9.1 Supermarkets & Hypermarkets
9.2 Convenience Stores
9.3 Online
9.4 Others
10. Global Snacks market, by region/ country
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company profiles
11.1 General Mills, Inc.
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 PepsiCo
11.3 The Kraft Heinz Company
11.4 Nestlé
11.5 The Kellogg Company
11.6 Unilever
11.7 Calbee
11.8 Intersnack Group GmbH & Co. KG
11.9 Conagra Brands, Inc.
11.10 ITC Limited
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Smoothies Market Report Scope & Overview: Smoothies Market Size was valued at USD 13.78
The Ready to Drink Tea and Coffee Market size was valued at USD 100.7 billion in 2023 and is expected to reach USD 188.4 billion by 2032 and grow at a CAGR of 7.2% over the forecast period 2024-2032.
The Hemp Seed Market size was USD 1083.2 million in 2023, is expected to Reach USD 2770.9 million by 2032, and grow at a CAGR of 11% over the forecast period of 2024-2032.
The 3D-printed Meat Market was valued at USD 179.29 million in 2023 and is expected to reach USD 692.51 million by 2032 and grow at a CAGR of 16.82% over the forecast period 2024-2032.
The Food Trucks Market size was valued at USD 4.58 billion in 2023 and is expected to reach USD 7.88 billion by 2032 and grow at a CAGR of 6.20% by 2024-2032.
Salmon Market Report Scope & Overview: Salmon Market Size was esteemed at U
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
