Add 2 More Reports For 20% off

Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Snack Food Products Market Outlook

The global snack food products market attained a value of nearly USD 1532.34 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 2.80% reaching about USD 1964.68 billion by 2032.

snack food products market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

snack food products market by segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

snack food products market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Distribution Channels
  • Region
Breakup by Type
  • Frozen Snacks
  • Savoury Snacks
  • Fruit Snacks
  • Confectionery Snacks
  • Bakery Snacks
  • Others
Breakup by Distribution Channels
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • General Mills Inc.
  • PepsiCo, Inc.
  • Nestle S.A
  • Kellogg Company
  • Conagra Brands, Inc.
  • Mondelez International
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 2.80% between 2024 and 2032.

In 2023, the global market of snack food products attained a value of nearly USD 1532.34 billion.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 1964.68 billion by 2032.

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.

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.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124