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Snacks Market Size, Share & Trends Analysis Report By Product (Frozen & Refrigerated, Fruit, Bakery, Savory, Confectionery, Dairy), By Packaging, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

July 2024 | 80 pages | ID: SD136FD7E5C4EN
Grand View Research, Inc.

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Snacks Market Growth & Trends

The global snacks market size is expected t%li%reach USD 922.08 billion in 2030, registering a CAGR of 4.2% from 2024 t%li%2030, according t%li%a new report by Grand View Research, Inc. The growing trend of on-the-g%li%consumption, especially among urban residents and younger people, has greatly boosted market growth. Consumers are drawn t%li%the diverse flavors and varieties of snacks that cater t%li%their different tastes. In addition, the move toward healthier and more convenient snack options has been a significant factor driving market expansion. The rising consumer demand for convenience is a significant driver for the global market. There has been a surge in on-the-g%li%snacking, with consumers seeking portable snack options that fit their busy lifestyles. This trend is expected t%li%continue, contributing t%li%the growth of the global snack market.

The increasing focus on healthy and functional ingredients is another crucial factor propelling the market forward. Consumers are increasingly looking for snacks that taste good and offer health benefits. While salty snacks remain popular, there is a growing demand for healthier snack options high in protein, fiber, and other nutrients. Manufacturers can develop and offer such products t%li%cater t%li%this evolving consumer preference. The bags & pouches market held the higher share of the market in 2023 and is expected t%li%register a considerable CAGR over the forecast period. A major factor fueling the demand for snacks in bags and pouches is the convenience and portability they offer t%li%consumers. In today’s fast-paced lifestyle, consumers increasingly seek on-the-g%li%snack options that are easy t%li%carry, open, and consume. Single-serving packages provide a convenient solution for snacking anytime, anywhere, catering t%li%the needs of busy individuals, students, office workers, and travelers.

The savory snacks segment held a significant revenue share in 2023 and is expected t%li%register a considerable CAGR over the forecast period. Consumers' evolving preferences for more adventurous flavors and food choices boost the demand for savory snacks. This has led t%li%a surge in demand for savory snacks with ethnic and exotic flavors, including bold spices, international recipe inspirations, and globally inspired ingredients. Manufacturers are capitalizing on this trend by offering a variety of unique flavor profiles in their snack products. Sales of cereal bars through hypermarkets & supermarkets held a considerable market share. The convenience and accessibility of these retail channels, typically located in urban and suburban areas, make it easy for individuals t%li%purchase healthy snacks during routine shopping trips. Collaborations with popular brands for in-store promotions and advertising campaigns increase brand visibility and generate consumer interest. Competitive pricing and discounts on healthy snacks further incentivize consumers t%li%select these options over less nutritious alternatives.

North America accounted for the largest revenue share in 2023 and is estimated t%li%expand at a significant CAGR from 2024 t%li%2030. The availability of a wide variety of snacks across supermarkets, convenience stores, specialty stores, and online retail channels makes it easier for consumers t%li%access their preferred snack products. This accessibility contributes t%li%the overall growth of the regional market. Supermarkets and hypermarkets hold a prominent share of the North American snack food market. Key companies adopt strategies, including global expansion, partnerships, M&As, development & launch of new products, and others, t%li%gain higher market share.

Snacks Market Report Highlights
            • Asia Pacific is expected t%li%grow at the fastest CAGR from 2024 t%li%2030. Technological advancements have enabled snack manufacturers t%li%introduce a wide range of innovative products t%li%cater t%li%changing consumer demands. Advanced food processing technologies have allowed for the creation of healthier snack options, such as baked snacks, air-popped snacks, and snacks with functional ingredients like probiotics or superfoods
            • The frozen & refrigerated segment is estimated t%li%grow at the fastest CAGR from 2024 t%li%2030. Frozen and refrigerated snacks offer a quick and easy solution for on-the-g%li%consumption, catering t%li%the needs of modern consumers wh%li%seek convenience in their food choices
        • The cans packaging segment is estimated t%li%grow with the fastest CAGR from 2024 t%li%2030.The aesthetic and innovative design of modern cans can significantly enhance the visual appeal, making healthy snacks not just a treat for the palate but als%li%visually appealing
      • The online distribution channel segment is expected t%li%grow at the fastest CAGR from 2024 t%li%2030. The convenience, variety, accessibility, and potential cost savings make online purchases of snacks an attractive choice for many shoppers
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. GVR’s Internal Database
  1.3.3. Secondary Sources & 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 Snapshot
2.2. Product Snapshot
2.3. Packaging Snapshot
2.4. Distribution Channel Snapshot
2.5. Competitive Landscape Snapshot

CHAPTER 3. SNACKS MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Parent Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Raw Material Trends
  3.3.2. Manufacturing & Technology Trends
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
3.5. Business Environment Analysis - Porter’s Five Forces Analysis
3.6. Market Entry Strategies

CHAPTER 4. SNACKS MARKET: CONSUMER BEHAVIOR ANALYSIS

4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

CHAPTER 5. SNACKS MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1. Snacks Market, by Product: Key Takeaways
5.2. Product Movement Analysis & Market Share, 2023 & 2030
5.3. Frozen & Refrigerated
  5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.4. Fruit
  5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.5. Bakery
  5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.6. Savory
  5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.7. Confectionery
  5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.8. Dairy
  5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.9. Others
  5.9.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 6. SNACKS MARKET: PACKAGING ESTIMATES & TREND ANALYSIS

6.1. Snacks Market, by Packaging: Key Takeaways
6.2. Packaging Movement Analysis & Market Share, 2023 & 2030
6.3. Bags & Pouches
  6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.4. Boxes
  6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.5. Cans
  6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.6. Jars
  6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.7. Others
  6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 7. SNACKS MARKET: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

7.1. Snacks Market, by Distribution Channel: Key Takeaways
7.2. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
7.3. Supermarkets & Hypermarkets
  7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4. Convenience Stores
  7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5. Online
  7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6. Others
  7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 8. SNACKS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

8.1. Snacks Market: Regional Outlook
8.2. Regional Movement Analysis & Market Share, 2023 & 2030
8.3. North America
  8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.3.2. U.S.
    8.3.2.1. Key country dynamics
    8.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.3.3. Canada
    8.3.3.1. Key country dynamics
    8.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.3.4. Mexico
    8.3.4.1. Key country dynamics
    8.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
8.4. Europe
  8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.4.2. UK
    8.4.2.1. Key country dynamics
    8.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.4.3. Germany
    8.4.3.1. Key country dynamics
    8.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.4.4. France
    8.4.4.1. Key country dynamics
    8.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.4.5. Italy
    8.4.5.1. Key country dynamics
    8.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.4.6. Spain
    8.4.6.1. Key country dynamics
    8.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
8.5. Asia Pacific
  8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.5.2. China
    8.5.2.1. Key country dynamics
    8.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.5.3. India
    8.5.3.1. Key country dynamics
    8.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.5.4. Japan
    8.5.4.1. Key country dynamics
    8.5.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.5.5. Australia & New Zealand
    8.5.5.1. Key country dynamics
    8.5.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.5.6. South Korea
    8.5.6.1. Key country dynamics
    8.5.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
8.6. Central & South America
  8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.6.2. Brazil
    8.6.2.1. Key country dynamics
    8.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
8.7. Middle East & Africa
  8.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.7.2. UAE
    8.7.2.1. Key country dynamics
  8.7.3. Market estimates and forecast, 2018 - 2030 (USD Million)
  8.7.4. South Africa
    8.7.4.1. Key country dynamics
  8.7.5. Market estimates and forecast, 2018 - 2030 (USD Million)

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. Product Benchmarking
9.6. Company Market Share Analysis, 2023 (%)
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
9.9. Company Profiles
  9.9.1. General Mills, Inc.
    9.9.1.1. Company Overview
    9.9.1.2. Financial Performance
    9.9.1.3. Product Portfolios
    9.9.1.4. Strategic Initiatives
  9.9.2. PepsiCo
    9.9.2.1. Company Overview
    9.9.2.2. Financial Performance
    9.9.2.3. Product Portfolios
    9.9.2.4. Strategic Initiatives
  9.9.3. The Kraft Heinz Company
    9.9.3.1. Company Overview
    9.9.3.2. Financial Performance
    9.9.3.3. Product Portfolios
    9.9.3.4. Strategic Initiatives
  9.9.4. Nestlй
    9.9.4.1. Company Overview
    9.9.4.2. Financial Performance
    9.9.4.3. Product Portfolios
    9.9.4.4. Strategic Initiatives
  9.9.5. The Kellogg Company
    9.9.5.1. Company Overview
    9.9.5.2. Financial Performance
    9.9.5.3. Product Portfolios
    9.9.5.4. Strategic Initiatives
  9.9.6. Unilever
    9.9.6.1. Company Overview
    9.9.6.2. Financial Performance
    9.9.6.3. Product Portfolios
    9.9.6.4. Strategic Initiatives
  9.9.7. Conagra Brands, Inc.
    9.9.7.1. Company Overview
    9.9.7.2. Financial Performance
    9.9.7.3. Product Portfolios
    9.9.7.4. Strategic Initiatives
  9.9.8. Grupo Bimbo
    9.9.8.1. Company Overview
    9.9.8.2. Financial Performance
    9.9.8.3. Product Portfolios
    9.9.8.4. Strategic Initiatives
  9.9.9. Danone
    9.9.9.1. Company Overview
    9.9.9.2. Financial Performance
    9.9.9.3. Product Portfolios
    9.9.9.4. Strategic Initiatives
  9.9.10. Mars, Incorporated
    9.9.10.1. Company Overview
    9.9.10.2. Financial Performance
    9.9.10.3. Product Portfolios
    9.9.10.4. Strategic Initiatives
LIST OF TABLES


Table 1. Snacks market - Driving factor market analysis
Table 2. Snacks market - Restraint factor market analysis
Table 3. Snacks market estimates & forecast, by product (USD Billion)
Table 4. Snacks market estimates & forecast, by packaging (USD Billion)
Table 5. Snacks market estimates & forecast, by distribution channel (USD Billion)
Table 6. U.S. macro-economic outlay
Table 7. Canada macro-economic outlay
Table 8. Mexico macro-economic outlay
Table 9. Germany macro-economic outlay
Table 10. UK macro-economic outlay
Table 11. France macro-economic outlay
Table 12. Italy macro-economic outlay
Table 13. Spain macro-economic outlay
Table 14. China macro-economic outlay
Table 15. India macro-economic outlay
Table 16. Japan macro-economic outlay
Table 17. Australia & New Zealand macro-economic outlay
Table 18. New Zealand macro-economic outlay
Table 19. South Korea macro-economic outlay
Table 20. Brazil macro-economic outlay
Table 21. UAE macro-economic outlay
Table 22. South Africa macro-economic outlay
Table 23. Recent developments & impact analysis, by key market participants
Table 24. Company market share, 2023
Table 25. Company heat map analysis
LIST OF FIGURES


Fig. 1 Incontinence and ostomy care products market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 Market formulation & validation
Fig. 8 Market snapshot
Fig. 9 Type segment snapshot
Fig. 10 Competitive landscape snapshot
Fig. 11 Nephrology and urology devices market, incontinence and ostomy care products market value, 2023 (USD Million)
Fig. 12 Incontinence and ostomy care products market dynamics
Fig. 13 Incontinence and ostomy care products market: PORTER’s analysis
Fig. 14 Incontinence and ostomy care products market: PESTLE analysis
Fig. 15 Incontinence and ostomy care products market: Type outlook and key takeaways
Fig. 16 Incontinence and ostomy care products market: Type movement analysis
Fig. 17 Incontinence care products market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 18 Absorbents market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 19 Incontinence bags market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Others market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Ostomy care products market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 Ostomy bags market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Colostomy bags market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 24 Ileostomy bags market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 25 Urostomy bags market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 Deodorants market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 27 Skin barriers market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 28 Irrigation products market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 29 Incontinence and ostomy care products market revenue, by region, 2023 & 2030 (USD Million)
Fig. 30 Regional marketplace: key takeaways
Fig. 31 Regional marketplace: key takeaways
Fig. 32 North America incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Key country dynamics
Fig. 34 U.S. incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Key country dynamics
Fig. 36 Canada incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Europe incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Key country dynamics
Fig. 39 Germany incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Key country dynamics
Fig. 41 France incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Key country dynamics
Fig. 43 UK incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Key country dynamics
Fig. 45 Spain incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Key country dynamics
Fig. 47 Italy incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Key country dynamics
Fig. 49 Norway incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Key country dynamics
Fig. 51 Denmark incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Key country dynamics
Fig. 53 Sweden incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 54 Asia Pacific incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Key country dynamics
Fig. 56 Australia incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 Key country dynamics
Fig. 58 Japan incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 59 Key country dynamics
Fig. 60 India incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 61 Key country dynamics
Fig. 62 China incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 63 Key country dynamics
Fig. 64 Thailand incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 65 Key country dynamics
Fig. 66 South Korea incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 67 Latin America incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 68 Key country dynamics
Fig. 69 Argentina incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 70 Key country dynamics
Fig. 71 Brazil incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 72 Key country dynamics
Fig. 73 Mexico incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 74 Middle East & Africa incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 75 Key country dynamics
Fig. 76 South Africa incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 77 Key country dynamics
Fig. 78 Saudi Arabia incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 79 Key country dynamics
Fig. 80 UAE incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 81 Key country dynamics
Fig. 82 Kuwait incontinence and ostomy care products market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 83 Key company categorization
Fig. 84 Strategy mapping


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