The snack market value is anticipated to grow by USD 260.88 billion between 2020 and 2025, accelerating at a CAGR of almost 6% over the forecast period.
The market is driven by factors such as the rising health concerns along with changing lifestyles and diets and increasing replacement of meals with snacks and the expansion in the retail industry resulting in a huge number of hypermarkets and supermarkets across the globe. However, supply chain disruptions due to Covid-19 will be hindering the market growth.
The immense growth in the disposable is expected to open multiple growth opportunities for players in the market. But the consumers demands portability might impact the business of vendors during the forecast period.
The snack market report provides complete insights on key vendors including Cooperatie Koninklijke Cosun UA, General Mills Inc., Hormel Foods Corp., Kellogg Co., Kind LLC, McCain Foods Ltd., Mondelez International Inc., Nestle SA, PepsiCo Inc., and Tyson Foods Inc.
The competitive scenario provided in the snack market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
By Product, the market is classified into bakery products, chocolate, savory snacks, frozen snacks, and others.
By Geography, the market is classified as APAC, Europe, North America, South America, and MEA.
The market observed strong growth in the bakery products segment in 2020. The market growth in the segment is expected to be significant over the forecast period. By geography, APAC will have the largest share of the market. The region currently holds 35% of the global market share. China and Japan are the key markets for snacks in APAC.
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Snack Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of almost 6%
Market growth 2021-2025
USD 260.88 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 35%
Key consumer countries
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
Cooperatie Koninklijke Cosun UA, General Mills Inc., Hormel Foods Corp., Kellogg Co., Kind LLC, McCain Foods Ltd., Mondelez International Inc., Nestle SA, PepsiCo Inc., and Tyson Foods Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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