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Snacks Market Size, Share & Trends Analysis Report By Product (Frozen & Refrigerated, Fruit, Bakery), By Packaging (Bags & Pouches, Boxes), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 100 Pages
  • July 2023
  • Region: Global
  • Grand View Research
  • ID: 5595801
The global snacks market size is expected to reach USD 1,844.42 billion by 2030, expanding at 2.8% CAGR from 2023 to 2030. The market has witnessed remarkable growth due to shifting food consumption patterns and strategic collaborations between food delivery partners and snack manufacturers. Consumers have a strong preference for snacks made with natural and nutritious ingredients, devoid of artificial additives. Moreover, there is a growing demand for snacks that cater to specific dietary requirements, such as gluten-free, vegan, and organic options. This trend reflects the increasing awareness and emphasis on healthier snacking choices among consumers.

Consumer preferences have undergone a significant shift from unhealthy eating habits to a focus on healthy snacking. In response to this trend, snack product manufacturers are actively introducing new offerings that strike a balance between taste and nutrition. Factors such as lifestyle changes, cultural influences, and increased consumer knowledge and awareness have played a crucial role in shaping the way people approach their eating habits. Notably, the preference for snacking throughout the day has gained traction among consumers in Europe and North America, presenting manufacturers with vast opportunities for growth and innovation in the market.

Savory snacks are expected to showcase tremendous growth during the forecast period. The consumer demand pattern shows their preference for smaller mini-meals, which they may get from a variety of places, including "healthy" vending machines. Although nuts and snack bars are gaining prominence across the product segment, demand for savory foods such as sushi, meat nibbles like jerky, and hand-held wrap sandwiches is also increasing. The market segmented based on distribution channels was dominated by the supermarkets and hypermarkets segment. However, online distribution channels are expected to drive market growth during the forecast period.

Asia Pacific dominated the market in 2022 and is expected to maintain its dominance during the forecast period. Food habits in Asia are being shaped by rising living standards and premiumization. Consumers want new or customized items to fit their lifestyle, which tends to push them away from the three-meal-a-day model and toward the idea of easily available snacking on the go. The snacking habits of millennials are closely linked to their use of social media.

It has become the ideal place for consumers and brands to test and promote innovative ideas leading to market growth in the region. Manufacturers in the region are launching new products to meet the growing demand for snacks. For instance, in December 2022,Bikano, a leading snack, and packaged food manufacturer in India introduced a new 100g pack of their popular Crunchy Munchy snack. It is packed with ingredients like rice flour, potato, moth flour, chickpea flour, and a blend of spices such as cumin powder, garlic powder, and onion powder.

Snack brands are strategically expanding their presence in various regions, ensuring that snacks are readily available to consumers in different markets. This expansion not only enhances convenience but also offers a greater selection of snack options, as consumers can now enjoy a variety of snacks from around the world. The snacks industry is fragmented with the presence of huge global players as well as a rising share of local and regional players.

Snacks Market Report Highlights

  • Savory snacks dominated the market in 2022 as these snacks offer an extensive range of flavors and textures, catering to diverse consumer preferences and ensuring continuous product innovation
  • Supermarkets and hypermarkets dominated the market in 2022 due to the sheer volume of stores present across the world and the convenient option of having a vast option of product varieties in a single place
  • Bags & pouches dominated the market in 2022. The cost-effectiveness, sustainability efforts, and versatility in accommodating various snack types contribute to their widespread preference as the packaging option of choice in the snacks industry
  • Asia Pacific is expected to register the fastest growth during the forecast period. The rapid adoption of online channels and its integration with brick-and-mortar stores for the purchase of snacks is expected to be the major growth driver in this region


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. The Internal Database
1.3.3. Secondary Installation Types & Third - Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Type Outlook
2.3. Packaging Outlook
2.4. Distribution Channel Outlook
2.5. Regional Outlook
2.6. Competition Outlook
Chapter 3. Snacks Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Installation Type Adoption
4.5. Key Observations & Findings
Chapter 5. Snacks Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Frozen & Refrigerated
5.2.1. Frozen & refrigerated snacks market estimates and forecast, 2017 - 2030 (USD Billion)
5.3. Fruit
5.3.1. Fruit snacks market estimates and forecast, 2017 - 2030 (USD Billion)
5.4. Bakery
5.4.1. Bakery snacks market estimates and forecast, 2017 - 2030 (USD Billion)
5.5. Savory
5.5.1. Savory snacks market estimates and forecast, 2017 - 2030 (USD Billion)
5.6. Confectionery
5.6.1. Confectionery snacks market estimates and forecast, 2017 - 2030 (USD Billion)
5.7. Dairy
5.7.1. Dairy snacks market estimates and forecast, 2017 - 2030 (USD Billion)
5.8. Others
5.8.1. Other snacks market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 6. Snacks Market: Packaging Estimates & Trend Analysis
6.1. Packaging Movement Analysis & Market Share, 2022 & 2030
6.2. Bags & Pouches
6.2.1. Snacks market estimates and forecast, by bags & pouches, 2017 - 2030 (USD Billion)
6.3. Boxes
6.3.1. Snacks market estimates and forecast, by boxes, 2017 - 2030 (USD Billion)
6.4. Cans
6.4.1. Snacks market estimates and forecast, by cans, 2017 - 2030 (USD Billion)
6.5. Jars
6.5.1. Snacks market estimates and forecast, by jars, 2017 - 2030 (USD Billion)
6.6. Others
6.6.1. Snacks market estimates and forecast, by other packaging, 2017 - 2030 (USD Billion)
Chapter 7. Snacks Market: Distribution Channel Estimates & Trend Analysis
7.1. Distribution channel Movement Analysis & Market Share, 2022 & 2030
7.2. Supermarkets & Hypermarkets
7.2.1. Market estimates and forecast through supermarkets & hypermarkets, 2017 - 2030 (USD Billion)
7.3. Convenience Stores
7.3.1. Market estimates and forecast through convenience stores, 2017 - 2030 (USD Billion)
7.4. Online
7.4.1. Market estimates and forecast through online, 2017 - 2030 (USD Billion)
7.5. Others
7.5.1. Market estimates and forecast through others, 2017 - 2030 (USD Billion)
Chapter 8. Snacks Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2022 & 2030
8.2. North America
8.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.2.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.2.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.2.6. U.S.
8.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.6.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.2.6.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.2.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.2.7. Canada
8.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.7.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.2.7.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.2.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.2.8. Mexico
8.2.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.2.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.2.8.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.2.8.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.2.8.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.3. Europe
8.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.3.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.3.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.3.6. Germany
8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.6.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.3.6.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.3.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.3.7. UK
8.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.7.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.3.7.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.3.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.3.8. France
8.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.8.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.3.8.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.3.8.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.3.9. Italy
8.3.9.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.9.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.9.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.3.9.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.3.9.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.3.10. Spain
8.3.10.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.3.10.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.3.10.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.3.10.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.3.10.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.4. Asia Pacific
8.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.4.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.4.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.4.6. China
8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.6.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.4.6.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.4.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.4.7. India
8.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.7.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.4.7.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.4.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.4.8. Japan
8.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.8.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.4.8.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.4.8.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.4.9. Australia & New Zealand
8.4.9.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.9.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.9.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.4.9.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.4.9.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.4.10. South Korea
8.4.10.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.4.10.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.4.10.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.4.10.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.4.10.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.5. Central & South America
8.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.5.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.5.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.5.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.5.6. Brazil
8.5.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.5.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.5.6.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.5.6.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.5.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.6. Middle East & Africa
8.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.6.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.6.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.6.6. UAE
8.6.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.6.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.6.6.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.6.6.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.6.6.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
8.6.7. South Africa
8.6.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
8.6.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
8.6.7.3. Market estimates and forecast, by claim, 2017 - 2030 (USD Billion)
8.6.7.4. Market estimates and forecast, by packaging, 2017 - 2030 (USD Billion)
8.6.7.5. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
Chapter 9. Competitive Analysis
9.1. Recent developments & impact analysis, by key market participants
9.2. Company Categorization
9.3. Participant’s Overview
9.4. Financial Performance
9.5. Installation Type Benchmarking
9.6. Company Market Share Analysis, 2022 (%)
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
9.9. List of key companies analyzed in this section include:
9.9.1. Monsoon Harvest
9.9.2. General Mills, Inc.
9.9.3. PepsiCo
9.9.4. The Kraft Heinz Company
9.9.5. Nestlé
9.9.6. The Kellogg Company
9.9.7. Unilever
9.9.8. Calbee
9.9.9. Intersnack Group GmbH & Co. KG
9.9.10. Conagra Brands, Inc.
9.9.11. ITC Limited
9.9.12. Grupo Bimbo
9.9.13. Danone
9.9.14. Mars, Incorporated
List of Tables
1. Snacks market - Driving factor market analysis
2. Snacks market - Restraint factor market analysis
3. Snacks market estimates & forecast, by product (USD Billion)
4. Snacks market estimates & forecast, by packaging (USD Billion)
5. Snacks market estimates & forecast, by distribution channel (USD Billion)
6. U.S. macro - economic outlay
7. Canada macro - economic outlay
8. Mexico macro - economic outlay
9. UK macro - economic outlay
10. Germany macro - economic outlay
11. France macro - economic outlay
12. Italy macro - economic outlay Spain
13. Spain macro - economic outlay Spain
14. China macro - economic outlay
15. Japan macro - economic outlay
16. India macro - economic outlay
17. Australia & New Zealand macro - economic outlay
18. South Korea macro - economic outlay
19. Brazil macro - economic outlay
20. UAE macro - economic outlay
21. South Africa macro - economic outlay
22. Recent developments & impact analysis, by key market participants
23. Company market share, 2022 (Value % Share)
24. Company heat map analysis
List of Figures
1. Information procurement
2. Primary research pattern
3. Primary research approaches
4. Primary research process
5. Market Snapshot
6. Segment Snapshot
7. Segment Snapshot
8. Competitive Landscape Snapshot
9. Snacks Market size, 2017 to 2030 (USD Billion)
10. Snacks Market: Value chain analysis
11. Snacks Market: Profit - margin analysis
12. Snacks Market: Dynamics
13. Snacks Market: Porter’s five forces analysis
14. Factors affecting buying decisions for Snacks
15. Snacks market, by product: Key takeaways
16. Snacks market, by product: Market share, 2022 & 2030
17. Frozen & refrigerated snacks market estimates and forecast, 2017 - 2030 (USD Billion)
18. Fruit snacks market estimates and forecast, 2017 - 2030 (USD Billion)
19. Bakery snacks market estimates and forecast, 2017 - 2030 (USD Billion)
20. Savory snacks market estimates and forecast, 2017 - 2030 (USD Billion)
21. Confectionery snacks market estimates and forecast, 2017 - 2030 (USD Billion)
22. Dairy snacks market estimates and forecast, 2017 - 2030 (USD Billion)
23. Other snacks market estimates and forecast, 2017 - 2030 (USD Billion)
24. Snacks market, by packaging: Key takeaways
25. Snacks market, by packaging: Market share, 2022 & 2030
26. Snacks market estimates & forecast, by bags & pouches, 2017 - 2030 (USD Billion)
27. Snacks market estimates & forecast by boxes, 2017 - 2030 (USD Billion)
28. Snacks market estimates & forecast by cans, 2017 - 2030 (USD Billion)
29. Snacks market estimates & forecast by jars, 2017 - 2030 (USD Billion)
30. Snacks market estimates & forecast by other packaging, 2017 - 2030 (USD Billion)
31. Snacks market, by price: Key takeaways
32. Snacks market, by distribution channel: Key takeaways
33. Snacks market, by distribution channel: Market share, 2022 & 2030
34. Snacks market estimates & forecast, through supermarket/hypermarket, 2017 - 2030 (USD Billion)
35. Snacks market estimates & forecast, through convenience stores, 2017 - 2030 (USD Billion)
36. Snacks market estimates & forecast, through online, 2017 - 2030 (USD Billion)
37. Snacks market estimates & forecast, through others, 2017 - 2030 (USD Billion)
38. Snacks market revenue, by region, 2022 & 2030, (USD Billion)
39. Regional marketplace: Key takeaways
40. Regional marketplace: Key takeaways
41. North America snacks market estimates & forecast, 2017 - 2030 (USD Billion)
42. U.S. snacks market estimates & forecast, 2017 - 2030 (USD Billion)
43. Canada snacks market estimates & forecast, 2017 - 2030 (USD Billion)
44. Mexico snacks market estimates & forecast, 2017 - 2030 (USD Billion)
45. Europe snacks market estimates & forecast, 2017 - 2030 (USD Billion)
46. UK snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
47. Germany snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
48. France snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
49. Italy snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
50. Spain snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
51. Asia Pacific snacks market estimates & forecast, 2017 - 2030 (USD Billion)
52. China snacks market estimates & forecast, 2017 - 2030 (USD Billion)
53. Japan snacks market estimates & forecast, 2017 - 2030 (USD Billion)
54. India snacks market estimates & forecast, 2017 - 2030 (USD Billion)
55. South Korea snacks market estimates & forecast, 2017 - 2030 (USD Billion)
56. Australia & New Zealand snacks market estimates & forecast, 2017 - 2030 (USD Billion)
57. Central & South America snacks market estimates & forecast, 2017 - 2030 (USD Billion)
58. Brazil snacks market estimates & forecast, 2017 - 2030 (USD Billion)
59. Middle East & Africa snacks market estimates & forecast, 2017 - 2030 (USD Billion)
60. UAE snacks market estimates & forecast, 2017 - 2030 (USD Billion)
61. South Africa snacks market estimates & forecast, 2017 - 2030 (USD Billion)
62. Key company categorization
63. Company market share analysis, 2022

Companies Mentioned

  • Monsoon Harvest
  • General Mills, Inc.
  • PepsiCo
  • The Kraft Heinz Company
  • Nestlé
  • The Kellogg Company
  • Unilever
  • Calbee
  • Intersnack Group GmbH & Co. KG
  • Conagra Brands, Inc.
  • ITC Limited
  • Grupo Bimbo
  • Danone
  • Mars, Incorporated

Methodology

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Table Information