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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.

 

snack food products market

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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

 

snack food products market by segments

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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

 

snack food products market 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:

  • 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
  • Porter's Five Forces
  • 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

 

*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.

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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