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Global Snack Food Market

  • Published Date: 09 Sep 2018
  • Number of Pages: 201
  • Category: Food and Beverages
  • Country: Global
A snack food is a food which can be eaten between or in place of meals. These are mostly packaged and are convenient as they are quick and easy to eat.Processed snack foods are mostly designed to be less perishable, durable and portable than prepared foods. People from almost all income groups consumesnack foods.It is often cheaper to purchase a snack food as compared to a meal hence, it is often seen that thepeople mostly rely more on these products.

Snack foods are prepared from wide range raw materials and their preparation varies from product to product. However, the process of a snack food is Frying. Packaging is also a major part of this process and a product which has to sustain a longer shelf-life should be packaged in a way that it is protected from Oxygen and light. Snack Foods are usually at the receiving end of heavy criticism for being high in salt, sugar and fats and considered damaging when consumed in large quantities. Although the production of Snack Food has overall been a success story as it is currently valued at $ XX bn.

Market Dynamics

Higher disposable incomes, the rise of urbanization, hectic lifestyles, changing demographics, ever increasing young population in Asia Pacific region and an increase in the preference for convenience food are driving the growth of this industry.Although, increasing awareness of health and government regulations are the major restraints for this industry. Confections which include sweets, candy, gum etc. account as the highest contributors in the snack industry.The growing working class is driving the demand for single serve bars of cereals, nuts and seeds as they now prefer nutritious snacks between meals. Lately, non-sugary snacks with meal replacement foods are showing a strong growth, this shows a shift in the consumer mindset to a one which is focused on health.

Market Segmentation

This industry is segmented by the type of product: Salted snacks, confectionery, frozen snacks, bakery snacks etc. The salted snacks products which includes potato, tortilla, corn chips and etc. has the market share globally.

Regional/Geographic Analysis

Confectionery is the largest contributor to the snack food category in Europe, Middle East and Africa. Salty Snacks lead the market in the North America. Refrigerated Snacks comprise of a third of the snacks market in APAC Region and cookies and cakes take up to one fourth of the market in Latin America.

Key Players

Some of the major players in the market include General Mills, Mondelez International, Inc. ,PepsiCo Foods, Hormel Foods Corporation, Kind LLC, Tyson Foods, Inc., Select Harvest, Nestl S.A., B&G Food Inc., Hain Celestial Group, Calbee Inc.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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