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Global Snack Food Products Market Size study & Forecast, by Product (Bakery, Confectionery, Savory Snacks, Others), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others) and Regional Analysis, 2022-2029

May 2023 | 200 pages | ID: G8658F38EFB1EN
Bizwit Research & Consulting LLP

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Global Snack Food Products Market to reach USD 843.23 billion by the end of 2029.

Global Snack Food Products Market is valued at approximately USD 557.85 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. A snack is a small food serving typically consumed in between meals. Snacks are available in various shapes and forms such as packaged snack foods and other processed foods. Snack food products include bakery, confectionery, savory snacks, and others. The rising consumption of snacks among the millennial population, coupled with the increasing number of convenience stores is likely to bolster the market demand. The market growth is primarily driven by the factors such as rising flavor trends in the snacks industry, surge in demand for vegan and allergen-free snacks, and increasing consumption of convenient and ready-to-eat snacks.

The rising replacement of meals with snacks is playing a vital role in the demand for snack food products, which, in turn, accelerates the market growth globally. The Glanbia Nutritional Survey of Healthy Snacking Trends 2022 stated that the top five newest trends for healthy snacking include reduced sugar, more protein, clean snacking, innovative formats, and functional nutrition. Also, the same survey claims that people have been munching to relieve stress in their personal and professional lives. In the UK, 26% of men and 46% of women eat snacks to ease their frustration. Stress eating results in a loss of desire for meals, and over time, snacks appear to take the place of meals. Thereby, these aforementioned factors are likely to stipulate the market demand across the world. Moreover, rising availability of products on various e-commerce platforms, as well as increasing number of product launches and supportive initiatives by established market players are presenting various lucrative opportunities over the forecasting years. However, the health issues associated with snacks are a challenging factor for the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Snack Food Products Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing adoption of healthier snacking options., along with the rising disposable income. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rise in the demand for gluten-free bakery snack products, as well as the high adoption of convenient and ready-to-eat snacks in the market space.

Major market players included in this report are:
Kellogg Company
General Mills
Tyson Foods
Kraft Heinz Company
ConAgra Brands.
Unilever Group
Nestle S.A.
J.M. Smucker Co
PepsiCo
Mars, Inc.

Recent Developments in the Market:
In May 2022, General Mills announced the acquisition of TNT Crust- a manufacturer of self-rising pizza crusts, half-baked, and frozen pizza crusts, which offers these products for regional and national pizza chains, retailers, and grocery stores. The aim of this acquisition is to support General Mills to strengthen its current portfolio of frozen Bakery Snacks products.
In October 2022, General Mills entered into a partnership agreement with Hidden Valley Ranch with the objective of expanding the crunch at Hidden Valley's savory ranch offerings. Hidden Valley Ranch Flavors are created from a combination of the aromatic herbs from the ranch's huge, vibrant flavour and the products' distinctive shape.

Global Snack Food Products Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Bakery
Confectionery
Savory Snacks
Others

By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Retail
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Snack Food Products Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Snack Food Products Market, by Product, 2019-2029 (USD Billion)
  1.2.3. Snack Food Products Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SNACK FOOD PRODUCTS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SNACK FOOD PRODUCTS MARKET DYNAMICS

3.1. Snack Food Products Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising replacement of meals with snacks
    3.1.1.2. Increasing consumption of convenient and ready-to-eat snacks
  3.1.2. Market Challenges
    3.1.2.1. Health issues associated with snacks
  3.1.3. Market Opportunities
    3.1.3.1. Rising availability of products on various e-commerce platforms
    3.1.3.2. Increasing number of product launches and supportive initiatives by established market players

CHAPTER 4. GLOBAL SNACK FOOD PRODUCTS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL SNACK FOOD PRODUCTS MARKET, BY PRODUCT

6.1. Market Snapshot
6.2. Global Snack Food Products Market by Product, Performance - Potential Analysis
6.3. Global Snack Food Products Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Snack Food Products Market, Sub Segment Analysis
  6.4.1. Bakery
  6.4.2. Confectionery
  6.4.3. Savory Snacks
  6.4.4. Others

CHAPTER 7. GLOBAL SNACK FOOD PRODUCTS MARKET, BY DISTRIBUTION CHANNEL

7.1. Market Snapshot
7.2. Global Snack Food Products Market by Distribution Channel, Performance - Potential Analysis
7.3. Global Snack Food Products Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
7.4. Snack Food Products Market, Sub Segment Analysis
  7.4.1. Supermarkets and Hypermarkets
  7.4.2. Convenience Stores
  7.4.3. Online Retail
  7.4.4. Others

CHAPTER 8. GLOBAL SNACK FOOD PRODUCTS MARKET, REGIONAL ANALYSIS

8.1. Snack Food Products Market, Regional Market Snapshot
8.2. North America Snack Food Products Market
  8.2.1. U.S. Snack Food Products Market
    8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
    8.2.1.2. Distribution Channel breakdown estimates & forecasts, 2019-2029
  8.2.2. Canada Snack Food Products Market
8.3. Europe Snack Food Products Market Snapshot
  8.3.1. U.K. Snack Food Products Market
  8.3.2. Germany Snack Food Products Market
  8.3.3. France Snack Food Products Market
  8.3.4. Spain Snack Food Products Market
  8.3.5. Italy Snack Food Products Market
  8.3.6. Rest of Europe Snack Food Products Market
8.4. Asia-Pacific Snack Food Products Market Snapshot
  8.4.1. China Snack Food Products Market
  8.4.2. India Snack Food Products Market
  8.4.3. Japan Snack Food Products Market
  8.4.4. Australia Snack Food Products Market
  8.4.5. South Korea Snack Food Products Market
  8.4.6. Rest of Asia Pacific Snack Food Products Market
8.5. Latin America Snack Food Products Market Snapshot
  8.5.1. Brazil Snack Food Products Market
  8.5.2. Mexico Snack Food Products Market
  8.5.3. Rest of Latin America Snack Food Products Market
8.6. Rest of The World Snack Food Products Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Top Market Strategies
9.2. Company Profiles
  9.2.1. Kellogg Company
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Product Summary
    9.2.1.5. Recent Developments
  9.2.2. General Mills
  9.2.3. Tyson Foods
  9.2.4. Kraft Heinz Company
  9.2.5. ConAgra Brands.
  9.2.6. Unilever Group
  9.2.7. Nestle S.A.
  9.2.8. J.M. Smucker Co
  9.2.9. PepsiCo
  9.2.10. Mars, Inc.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Snack Food Products Market, report scope
TABLE 2. Global Snack Food Products Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Snack Food Products Market estimates & forecasts by Product 2019-2029 (USD Billion)
TABLE 4. Global Snack Food Products Market estimates & forecasts by Distribution Channel 2019-2029 (USD Billion)
TABLE 5. Global Snack Food Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Snack Food Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Snack Food Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Snack Food Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Snack Food Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Snack Food Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Snack Food Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Snack Food Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Snack Food Products Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Snack Food Products Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Snack Food Products Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Snack Food Products Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Snack Food Products Market
TABLE 70. List of primary sources, used in the study of global Snack Food Products Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Snack Food Products Market, research methodology
FIG 2. Global Snack Food Products Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Snack Food Products Market, key trends 2021
FIG 5. Global Snack Food Products Market, growth prospects 2022-2029
FIG 6. Global Snack Food Products Market, porters 5 force model
FIG 7. Global Snack Food Products Market, pest analysis
FIG 8. Global Snack Food Products Market, value chain analysis
FIG 9. Global Snack Food Products Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Snack Food Products Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Snack Food Products Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Snack Food Products Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Snack Food Products Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Snack Food Products Market, regional snapshot 2019 & 2029
FIG 15. North America Snack Food Products Market 2019 & 2029 (USD Billion)
FIG 16. Europe Snack Food Products Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Snack Food Products Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Snack Food Products Market 2019 & 2029 (USD Billion)
FIG 19. Global Snack Food Products Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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