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Snack Foods - Global Strategic Business Report

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    Report

  • 1257 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338676
The global market for Snack Foods is estimated at US$605.5 Billion in 2023 and is projected to reach US$967.8 Billion by 2030, growing at a CAGR of 6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Bakery Snacks segment, which is expected to reach US$383 Billion by 2030 with a CAGR of 6%. The Salted Snacks segment is also set to grow at 6.9% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $184.2 Billion in 2023, and China, forecasted to grow at an impressive 7.9% CAGR to reach $125 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Snack Foods Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Snack Foods Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Snack Foods Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Calbee, Inc., Conagra Brands, Inc., Frito-Lay North America, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 628 Featured):

  • Calbee, Inc.
  • Conagra Brands, Inc.
  • Frito-Lay North America, Inc.
  • Hormel Foods Corporation
  • J&J Snack Foods Corporation
  • Kellogg Company
  • Nestle SA
  • PepsiCo, Inc.
  • Sargento Foods, Inc.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Snack Foods - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Snackification: An Alternative to Regular Meal
  • Select Market Highlights
  • Product Definition and Scope
  • Select Snack Categories
  • Global Outlook
  • Regional Market Insights
  • Developing Countries Turbo Charge Current and Future Market Growth
  • COMPETITION
  • Leading Players in the Global Bakery Products and Cereals Market by Country
  • Low Entry Barrier Intensifies Competition
  • Innovation: Name of the Game in the Crowded Marketplace
  • Advertisement and Promotional Expenditure on the Rise
  • Need for Regional and Cultural Customization
  • Innovative Marketing Strategies Define Product Success
  • Manufacturing with Advanced Extrusion Technique Offers Cost and Other Benefits
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Preference for On-the-Go, Convenient and Healthy Food: Foundation for Market Growth
  • Rise in Healthy Convenient Snacking
  • Industry Leverages on Globalization of Flavor
  • Innovation Gains Focus as Manufacturers Seek to Replace Meals with Snacks
  • Healthy and Protein Rich Snacks Attract Attention
  • Potato Chips Enter the Healthier Trend
  • Manufacturers Add New Ingredients in Favorite Chips
  • Fruity Chips: A New Innovation
  • Protein-Fortified Snacks Witness Healthy Demand
  • Growing Awareness on Importance of Protein-Rich Diets Drive Sales of Meat Snacks
  • Flavor Innovation in Meat Snacks: A Road Widely Traveled
  • Natural Ingredients Stay Strong
  • Seed Snacks Gain Traction
  • Increasing Demand for Functional Snacks: A Strong Growth Driver
  • Trend towards Simple Snacks
  • Cereal Bars Spur Demand
  • Fruit and Nut Ingredients Witness Growing Adoption in Bars
  • Grain Based Snack Bars Undergo a Healthy Makeover
  • Gluten-free Snacks: The New Buzzword
  • Formulation Challenges Drive Product Innovations in Snacks and Bars
  • Drinkable Snacks in new Packages and Flavors
  • Sustainable Innovations Gain Precedence
  • Increasing Popularity of Clean Labels
  • Organic Snacks Witness Strong Market Penetration
  • Better For You Products: A New Growth Segment
  • Demand for “Transparency in All Matters “
  • Recent Trends in Ingredients and Flavors
  • Sweet and Sour Flavors Invade the Snacks Market
  • Health Conscious Consumers Opt for Low Sugar Snacks
  • Eminent Demand for Plant Based Foods
  • Snack Nuts: The Preferred Choice of the New-Age Health Conscious Consumer
  • Lunchtime Meals Come Under the Snack Attack
  • Single-serve, Re-sealable and Light-weight Snacks Packaging Innovations Drive Market Adoption
  • Functionality and Health Benefits Drive Demand for Soybean-Based Snack Foods
  • Millennials and Generation Z Emerge as Key Influencing Cohort
  • Global Millennial Population Facts & Figures: Important Opportunity Indicators
  • Major Channels of Distribution
  • Online Sales Transform the Snack Foods Retailing Landscape
  • Factors Influencing Online Purchase Decision: Percentage Share Breakdown by Consumer Preferences
  • Favorable Economic and Demographic Trends Strengthen Market Prospects
  • Ballooning Global Population Offers Lucrative Growth Opportunities
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Child Population: A Weighty Demographic Driver
  • Global Population of Children in the Age Group of 0-15 Years by Region: Less than 15 Years Population (In Millions) for Africa, Americas, Asia, Europe, and Oceania.
  • Shrinking Family Size Lead to Higher Discretionary Spending on Snack Foods
  • Growing Middle Class Population Worldwide Promote Market Expansion
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Global Middle Class Spending (in US$ Trillion) by Geographic Region
  • Expanding Urban Population Spurs Growth in Snack Foods Consumption
  • World Urban Population in Thousands: 1950-2050P
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Snack Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 2: World Historic Review for Snack Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 3: World 15-Year Perspective for Snack Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2024 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Bakery Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 5: World Historic Review for Bakery Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 6: World 15-Year Perspective for Bakery Snacks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Salted Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 8: World Historic Review for Salted Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 9: World 15-Year Perspective for Salted Snacks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 11: World Historic Review for Confectionery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 12: World 15-Year Perspective for Confectionery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Specialty & Frozen Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 14: World Historic Review for Specialty & Frozen Snacks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 15: World 15-Year Perspective for Specialty & Frozen Snacks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Supermarkets & Hypermarkets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 17: World Historic Review for Supermarkets & Hypermarkets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 18: World 15-Year Perspective for Supermarkets & Hypermarkets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Convenience Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 20: World Historic Review for Convenience Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 21: World 15-Year Perspective for Convenience Stores by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 23: World Historic Review for Online by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 24: World 15-Year Perspective for Online by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Specialty Food Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 26: World Historic Review for Specialty Food Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 27: World 15-Year Perspective for Specialty Food Stores by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Other Distribution Channels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2027 and % CAGR
  • Table 29: World Historic Review for Other Distribution Channels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2022 and % CAGR
  • Table 30: World 15-Year Perspective for Other Distribution Channels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2024 & 2027
  • Table 31: World Snack Foods Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • Key Growth Markets
  • Salty Snacks Remain Popular
  • Snack Preferences Remain Diverse
  • Healthy Snacks Gain Momentum
  • Rise in Demand for Plant based Meat Snacks
  • Focus on Sustainable Ingredients in Food Products Creates Alternative Protein-Infused Snack Products
  • The Evolving Multi-Meals Culture Offer Huge Growth Opportunities
  • Enhanced Versions of Meat Snacks Drive Segment Demand
  • Potato Chips: The Most Preferred Salty Snack
  • Despite Competition from Major Brands, Private Label Brands Continue to Survive
  • Millennials and Baby Boomers Continue to Remain the Most Important Consumer Groups
  • Expanding Population of Single People Augurs Well for Market Growth
  • Demand for Healthier Snack Variants Gain Momentum
  • Rising Sales of Energy Bars and Cereal Based Snacks Reflect the Healthy Snacking Trend
  • Low-Carb, Low-Calorie, and Trans-Fat Free Snacks Garner Rising Preference
  • Gluten-Free Snacks Transform Snacking Habits of Americans
  • Competitive Landscape
CANADA
JAPAN
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Market Overview
CHINA
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Overview
  • Defined Snack Trends
EUROPE
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Market Overview
GERMANY
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Market Overview
SPAIN
RUSSIA
  • Market Overview
  • Potato Chips: Most Preferred Salted Snack
REST OF EUROPE
ASIA-PACIFIC
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Market Overview
  • Rapid Proliferation of the Snacking Culture in India Spurs Market Demand
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • Market Overview
ARGENTINA
BRAZIL
  • Market Overview
MEXICO
  • Market Overview
REST OF LATIN AMERICA
MIDDLE EAST
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAEL
SAUDI ARABIA
  • Market Overview
UNITED ARAB EMIRATES
  • Market Overview
REST OF MIDDLE EAST
AFRICA
  • Snack Foods Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Calbee, Inc.
  • Conagra Brands, Inc.
  • Frito-Lay North America, Inc.
  • Hormel Foods Corporation
  • J&J Snack Foods Corporation
  • Kellogg Company
  • Nestle SA
  • PepsiCo, Inc.
  • Sargento Foods, Inc.

Table Information