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Global Snack Food Products Market Share, Size, Trends, Analysis, Growth, Forecast: By Type: Frozen Snacks, Savoury Snacks, Fruit Snacks, Confectionery Snacks, Bakery Snacks, Others; By Distribution Channels: Supermarkets and Hypermarkets, Convenience Stores, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Snack Food Products Market Outlook
The global snack food products market attained a value of nearly USD 1,490.6 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 2.80% reaching about USD 1,759.22 billion by 2028.
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Key Trends in the Market
Snack food products refer to light food items that are consumed in between regular meals. Types of popular snacks vary between regions but are generally ready-to-eat staples that can be savoury, sweet, frozen, baked, or fruit-based, among others. Snack food products are available in individual forms and can also be purchased in bulk.
- The increasing shift in lifestyles owing to rapid urbanisation has resulted in changes in eating habits and increased the demand for ready-to-eat and convenience food which further is likely to fuel the snack food products market demand.
- The rise in consumer preference towards nutritive and healthy snacks to remain healthy and decrease the intake of fats is likely to drive the market growth of snack food products across the globe.
- Manufacturers have taken advantage of the rise in snack demand by using more accessible packaging for their products, increasing the shelf life and encouraging snacking while on the go. This is expected to push forward the market growth of snack food products over the forecast period.
- Packaged snacks are considered the best option for on-the-go consumption owing to their portability and ready-to-eat (RTE) nature. Snacking is often used as a rapid fix for hunger pangs between conventional meals and is likely to become more wellness-oriented among consumers.
Market Analysis
Based on type, the market can be segmented into frozen snacks, savoury snacks, fruit snacks, confectionery snacks, and bakery snacks, among others. On the basis of distribution channels, the market is categorised into supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others. The regional markets for the snack food products market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global snack food products market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- General Mills Inc.
- PepsiCo, Inc.
- Nestle S.A
- Kellogg Company
- Conagra Brands, Inc.
- Mondelez International
- Others
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Market Share by Distribution Channels
The supermarkets and hypermarkets segment is holding substantial growth in the snack food products market share across the globe as they are a primary supplier of snack food in several high-income economies. The expanding retail infrastructure has further enhanced the number of supermarkets and hypermarkets across urban areas in various regions, driving the segment growth in the market.
Meanwhile, the online segment is expected to bolster the market growth of snack food products across the globe on account of the rising expansion of e-commerce companies. The increasing number of smartphone users and apps to place orders online is expected to aid the segment growth in the market due to the convenience they offer. Several e-commerce companies are acquiring or opening physical supermarkets to further expand their reach and market share.
Market Share by Region
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Geographically, the Asia Pacific is expected to witness rapid growth in the snack food products market on account of the rising consumption of snack foods in countries like India and China. This is due to the growing urbanisation along with high commercialisation. The evolving eating habits with changing tastes and preferences of consumers and increasing demand for convenience, flexibility, and packaged snacks are expected to boost the market growth of snack food products.
North America also occupies a sizable share of the market for snack food products due to the busy lifestyles of people in the region and the widespread availability of numerous snack options. In countries like the United States, working people often consume multiple snacks throughout the day to keep up their energy between meals.
Competitive Landscape
General Mills Inc. is a leading food manufacturing company that was established in 1928. It manufactures cereal, snacks, convenient meals, dough, yogurt, baking mixes and ingredients, super-premium ice cream, and pet food. The company’s largest brands include Cheerios, Nature Valley, Old El Paso, Pillsbury, Yoplait, Betty Crocker, Haagen-Dazs, and BLUE.
PepsiCo, Inc. is a leading beverage and convenient food company across the globe with a portfolio of brands, including Doritos, Lays, Cheetos, Pepsi-Cola, Gatorade, Quaker, SodaStream, and Mountain Dew. The company has grown to become one of the leading MNC food and beverage businesses across the globe.
Nestle S.A. is a global marketer and producer of food products and beverages. Based out of Switzerland, the company has over 2,000 brands. Its product portfolio includes bottled water, baby foods, cereals, coffee, chocolates and confectionery, culinary products, dairy products, chilled and frozen foods, ice cream, pet products, and nutritional products.
Other market players include Kellogg Company, Conagra Brands, Inc., and Mondelez International, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Distribution Channels |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Snack Food Products Market Analysis
8.1 Key Industry Highlights
8.2 Global Snack Food Products Historical Market (2018-2022)
8.3 Global Snack Food Products Market Forecast (2023-2028)
8.4 Global Snack Food Products Market by Type
8.4.1 Frozen Snacks
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Savoury Snacks
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Fruit Snacks
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Confectionery Snacks
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Bakery Snacks
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Snack Food Products Market by Distribution Channels
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Convenience Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Specialty Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Online
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Snack Food Products Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Snack Food Products Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Snack Food Products Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Snack Food Products Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Snack Food Products Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Snack Food Products Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 General Mills Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 PepsiCo, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nestle S.A
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kellogg Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Conagra Brands, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Mondelez International
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Snack Food Products Market: Key Industry Highlights, 2018 and 2028
2. Global Snack Food Products Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Snack Food Products Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Snack Food Products Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
5. Global Snack Food Products Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
6. Global Snack Food Products Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Snack Food Products Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Snack Food Products Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Snack Food Products Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Snack Food Products Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Snack Food Products Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Snack Food Products Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Snack Food Products Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Snack Food Products Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Snack Food Products Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Snack Food Products Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Snack Food Products Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Snack Food Products Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 2.80% between 2023 and 2028.
In 2022, the global market of snack food products attained a value of nearly USD 1,490.6 billion.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach almost USD 1,759.22 billion by 2028.
The major market drivers are the rapidly evolving lifestyles and dietary patterns.
The key snack food products market trends include increasing demand for ready-to-eat snacks and development of healthy and nutritious snack products.
The various types of snack food products include frozen snacks, savoury snacks, fruit snacks, confectionery snacks, and bakery snacks, among others.
The primary distribution channels for snack food products include supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others.
Who are the key market players in the global market of snack food products, according to the report?
The major players in the market are General Mills Inc., PepsiCo, Inc., Nestle S.A, Kellogg Company, Conagra Brands, Inc., and Mondelez International, among others.
Snack foods can provide energy in the middle of the day, between meals, and even while exercising.
Snack foods are normally intended to be quick, satisfying, and portable.
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