Snack Food Market Size, Share, and Analysis, By Product (Bakery, Dairy, Frozen & Refrigerated, Confectionery, Fruits, Savoury Snacks and Others), By Type (Extruded Snacks, Non-Extruded Snacks), By Distribution Channel (Supermarkets & Hypermarkets, E-Commerce, Convenience Stores, Online Retail, Drug Stores, Modern Trade and Others), By Flavour (Salty, Spicy, Tangy, Other Flavours), By Product Type (Nuts and Seeds, Cereal bars, Cookies and Biscuits, Meat snacks), By Nature (Organic, Conventional), By Source (Rye, Wheat, Rice, Maize, Fruits and Vegetables) and Regional Forecasts, 2022-2032
Report Overview
Product Overview:
Snack Food Market size was USD 815.82 billion in 2021 and projected to grow from USD 881.2 billion in 2023 to USD 1253.5 billion by 2032, exhibiting a CAGR of 4% during the forecast period.
Snack is a small portion of food smaller than a normal meal consumed between meals. Snacks are consumed between the breakfast to lunch and in the evening before dinner. Snacks come in different forms and the processed snack foods are portable, less perishable, satisfying, and long lasting. Healthy snacking evolved to eliminate foods with sugar, carbohydrates.
Market Highlights
Snack Food Market is expected to project a CAGR of 4% during the forecast period, 2022-2032
Snack Food Market is expected to reach USD 1253.5 billion, growing at a CAGR of 4% during forecast period owing to the increasing tendency of customers to experience enjoyable foods and the rise in development of innovative snack products which is expected to boost the growth of the market. The consumption of various kind of snacks by the population has increased owing to the easy availability of snacks at convenience stores which is expected to boost the growth of the market. The introduction of new and unique flavours of snacks is driving the growth of the Snack Food market. Growing health-related issues is creating a way to adopt healthy food consumption and is expected to boost the growth of the market.
Snack Food MarketSegmentation:
Confectionery Segment is expected to grow with high CAGR during the forecast period
Snack Food Market is classified based on the Product into Bakery, Frozen & Refrigerated, Confectionery, Dairy, Savoury Snacks, Fruits, and Others. Confectionery segment dominated the market in 2021 and is expected to continue its dominance in the market over the forecast period due to presence of wide variety of products in the market. The organic, functional, and nutty flavoured confectionery snacks are increasing to meet the growing demand. The increasing awareness of consumers on the association between well-being and diet as a useful confectionery snacks appeal is expected to drive the growth of the Snack Food Market.
Supermarkets & hypermarkets Segment is expected to grow with high CAGR during the forecast period
Snack Food Market is classified based on the Distribution Channel into Supermarkets & Hypermarkets, Convenience Stores, E-Commerce, Online Retail, Drug Stores, Modern Trade and Others. Supermarkets & Hypermarkets segment dominated the market in 2021 as it is a useful shopping mode due to the accessibility of several brands at one place. The rise in number of Supermarkets & Hypermarkets boosted the sales of snack products. Online retailing segment is expected to dominate in forecast period owing to the changing consumer preference to purchase snack food products through online.
Market Dynamics:
Growth Drivers
Growing Interest Towards Unique Flavours is Expected to Boost the Growth of the Market
The introduction of several new flavours in snacks is increasing. The increasing acceptance of new flavours is expected to boost the growth of the market. The inclusion of more than one flavour in a product and is creating demand for the snack market. The blending of botanical flavours with fruit is resulting in the development of complex tastes in food and beverage. These new flavours are increasing the demand for the snack food products in the market.
Rising Demand for Ready to Eat Snacks is Expected to Boost the Growth of the Market
The demand for ready to eat snacks is increasing as it is convenient and an easy option which is creating the demand for the growth of the snack market. The growing adaptation of snack products at different occasions like gatherings and parties is boosting the growth of the market. The adoption of modern lifestyle due to the urbanization is driving the growth of the snack market. The demand for ready-made, easily available food products like cookies, crackers, biscuits etc. is boosting the growth of the market.
Recent Developments:
In September 2022, Mackie Foods Corporation had partnership with Kellogg Company by initiating Kellogg's Little Debbie Nutty Buddy Cereal.
In May 2022, TNT Crust was acquired by General Mills which produces half-baked, self-rising pizza crusts.
Snack Food Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe dominated the market in 2021 owing to the presence of major market players and presence of high population pool who rely on snack food products. Snacking is most common in Europe and the adoption of healthy snacking options had created demand for the market growth. Asia Pacific is expected to boost the growth of the market due to the growing demand for healthy snacks in this region. The introduction of innovative snack products to meet the demand of consumers is expected to boost the growth of the market in the forecast period.
Impact of Covid-19 on Snack Food Market
The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed lockdowns and travel bans to control the coronavirus spread. There were several restrictions applied to the material movement and travel bans for the movement of raw material and goods. But the Covid-19 pandemic had a positive impact on the growth of the Snack Food Market due to the increased demand for the packaged and snacking food items. The increased demand for ready made and easy foods had boosted the growth of the Snack Foodmarket.
Snack Food Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.
Snack Food Market Scope and Segments:
ATTRIBUTE
DETAILS
Study Period
2018-2032
Base Year
2022
Forecast Period
2022-2032
Historical Period
2019-2021
Growth Rate
CAGR of 4% from 2022-2032
Unit
Value (USD Billion)
Segmentation
Main Segments List
Product
Bakery
Dairy
Frozen & Refrigerated
Confectionery
Fruits
Savoury Snacks
Others
Type
Extruded Snacks
Non-Extruded Snacks
Distribution Channel
Supermarkets & Hypermarkets
E-Commerce
Convenience Stores
Online Retail
Drug Stores
Modern Trade
Others
Flavour
Salty
Spicy
Tangy
Other Flavours
Product Type
Nuts and Seeds
Cereal bars
Cookies and Biscuits
Meat snacks
Nature
Organic
Conventional
Source
Rye
Wheat
Rice
Maize
Fruits and Vegetables
By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Scandinavia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Frequently Asked Questions (FAQ):
Snack Food Market size was estimated at USD 815.82 billion in 2021 and is expected to reach USD 1253.5 billion in 2032.
Snack is a small portion of food smaller than a normal meal consumed between meals. Snacks are consumed between the breakfast to lunch and in the evening before dinner. Snacks come in different forms and the processed snack foods are portable, less perishable, satisfying, and long lasting. Healthy snacking evolved to eliminate foods with sugar, carbohydrates.
Confectionery and Supermarkets & hypermarkets segment accounted for the largest Snack Food market share.
Key players: Kellogg Company, Unilever Group, Nestle S.A., PepsiCo, ITC Limited, Tyson Foods, Kraft Heinz Company, Mars, Inc., General Mills, ConAgra Brands, Grupo Bimbo, Calbee, Intersnack Group GmbH & Co. KG, Danone, J.M. Smucker Co and Other Prominent Players are the key players in the Snack Food Market.
Growing Interest Towards Unique Flavours and Rising Demand for Ready to Eat Snacks are the factors driving the Snack Food market.
Table Of Content
1 Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Snack Food Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot 2 Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation 3 Market Characteristics
3.1. Market Definition
3.2. Snack Food Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data 4 Snack Food Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability 5 Macroeconomic Indicators
6 Recent Developments
7 Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends 8 Risk Analysis
9 Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological 10 Snack Food Market
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast 11 Snack Food Market Size & Forecast 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Product
11.3.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. By Value (USD Million) 2022-2032F
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. By Value (USD Million) 2022-2032F
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.4. By Value (USD Million) 2022-2032F
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2. Market Share (%) 2022-2032F
11.3.1.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.5. By Value (USD Million) 2022-2032F
11.3.1.5.1. By Value (USD Million) 2022-2032F
11.3.1.5.2. Market Share (%) 2022-2032F
11.3.1.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.6. By Value (USD Million) 2022-2032F
11.3.1.6.1. By Value (USD Million) 2022-2032F
11.3.1.6.2. Market Share (%) 2022-2032F
11.3.1.6.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.7. By Value (USD Million) 2022-2032F
11.3.1.7.1. By Value (USD Million) 2022-2032F
11.3.1.7.2. Market Share (%) 2022-2032F
11.3.1.7.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Type
11.3.2.1. By Value (USD Million) 2022-2032F
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. By Value (USD Million) 2022-2032F
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By Distribution Channel
11.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. By Value (USD Million) 2022-2032F
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. By Value (USD Million) 2022-2032F
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.4. By Value (USD Million) 2022-2032F
11.3.3.4.1. By Value (USD Million) 2022-2032F
11.3.3.4.2. Market Share (%) 2022-2032F
11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.5. By Value (USD Million) 2022-2032F
11.3.3.5.1. By Value (USD Million) 2022-2032F
11.3.3.5.2. Market Share (%) 2022-2032F
11.3.3.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.6. By Value (USD Million) 2022-2032F
11.3.3.6.1. By Value (USD Million) 2022-2032F
11.3.3.6.2. Market Share (%) 2022-2032F
11.3.3.6.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.7. By Value (USD Million) 2022-2032F
11.3.3.7.1. By Value (USD Million) 2022-2032F
11.3.3.7.2. Market Share (%) 2022-2032F
11.3.3.7.3. Y-o-Y Growth (%) 2022-2032F
11.3.4. By Flavor
11.3.4.1. Salty
11.3.4.1.1. By Value (USD Million) 2022-2032F
11.3.4.1.2. Market Share (%) 2022-2032F
11.3.4.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.2. By Value (USD Million) 2022-2032F
11.3.4.2.1. By Value (USD Million) 2022-2032F
11.3.4.2.2. Market Share (%) 2022-2032F
11.3.4.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.3. By Value (USD Million) 2022-2032F
11.3.4.3.1. By Value (USD Million) 2022-2032F
11.3.4.3.2. Market Share (%) 2022-2032F
11.3.4.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.4.4. By Value (USD Million) 2022-2032F
11.3.4.4.1. By Value (USD Million) 2022-2032F
11.3.4.4.2. Market Share (%) 2022-2032F
11.3.4.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.5. By Product Type
11.3.5.1. By Value (USD Million) 2022-2032F
11.3.5.1.1. By Value (USD Million) 2022-2032F
11.3.5.1.2. Market Share (%) 2022-2032F
11.3.5.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.2. By Value (USD Million) 2022-2032F
11.3.5.2.1. By Value (USD Million) 2022-2032F
11.3.5.2.2. Market Share (%) 2022-2032F
11.3.5.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.3. By Value (USD Million) 2022-2032F
11.3.5.3.1. By Value (USD Million) 2022-2032F
11.3.5.3.2. Market Share (%) 2022-2032F
11.3.5.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.5.4. By Value (USD Million) 2022-2032F
11.3.5.4.1. By Value (USD Million) 2022-2032F
11.3.5.4.2. Market Share (%) 2022-2032F
11.3.5.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.6. By Nature
11.3.6.1. By Value (USD Million) 2022-2032F
11.3.6.1.1. By Value (USD Million) 2022-2032F
11.3.6.1.2. Market Share (%) 2022-2032F
11.3.6.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.6.2. By Value (USD Million) 2022-2032F
11.3.6.2.1. By Value (USD Million) 2022-2032F
11.3.6.2.2. Market Share (%) 2022-2032F
11.3.6.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.7. By Source
11.3.7.1. By Value (USD Million) 2022-2032F
11.3.7.1.1. By Value (USD Million) 2022-2032F
11.3.7.1.2. Market Share (%) 2022-2032F
11.3.7.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.7.2. By Value (USD Million) 2022-2032F
11.3.7.2.1. By Value (USD Million) 2022-2032F
11.3.7.2.2. Market Share (%) 2022-2032F
11.3.7.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.7.3. By Value (USD Million) 2022-2032F
11.3.7.3.1. By Value (USD Million) 2022-2032F
11.3.7.3.2. Market Share (%) 2022-2032F
11.3.7.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.7.4. By Value (USD Million) 2022-2032F
11.3.7.4.1. By Value (USD Million) 2022-2032F
11.3.7.4.2. Market Share (%) 2022-2032F
11.3.7.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.7.5. By Value (USD Million) 2022-2032F
11.3.7.5.1. By Value (USD Million) 2022-2032F
11.3.7.5.2. Market Share (%) 2022-2032F
11.3.7.5.3. Y-o-Y Growth (%) 2022-2032F 12 North America Snack Food Market Size & Forecast 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2. By Type
12.3.3. By Distribution Channel
12.3.4. By Flavour
12.3.5. By Product Type
12.3.6. By Nature
12.3.7. By Source
12.4. Country
12.4.1. United States
12.4.2. Canada 13 Europe Snack Food Market Size & Forecast 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2. By Type
13.3.3. By Distribution Channel
13.3.4. By Flavour
13.3.5. By Product Type
13.3.6. By Nature
13.3.7. By Source
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland) 14 Asia Snack Food Market Size & Forecast 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2. By Type
14.3.3. By Distribution Channel
14.3.4. By Flavour
14.3.5. By Product Type
14.3.6. By Nature
14.3.7. By Source
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC 15 Middle East and Africa Snack Food Market Size & Forecast 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2. By Type
15.3.3. By Distribution Channel
15.3.4. By Flavour
15.3.5. By Product Type
15.3.6. By Nature
15.3.7. By Source
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa 16 Latin America Snack Food Market Size & Forecast 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2. By Type
16.3.3. By Distribution Channel
16.3.4. By Flavour
16.3.5. By Product Type
16.3.6. By Nature
16.3.7. By Source
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America 17 Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders 18 Company Profiles
18.1. Kellogg Company
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Key Clients
18.1.4.2. Market Share
18.1.4.3. Recent News & Development (Last 3 Yrs.)
18.1.4.4. Executive Team
18.1.4.5. Unilever Group
18.2. Unilever Group
18.3. Nestle S.A.
18.4. PepsiCo
18.5. ITC Limited
18.6. Tyson Foods
18.7. Kraft Heinz Company
18.8. Mars, Inc.
18.9. General Mills
18.10. ConAgra Brands
18.11. Grupo Bimbo
18.12. Calbee
18.13. Intersnack Group GmbH & Co. KG
18.14. Danone
18.15. J.M. Smucker Co 18.16. Other Prominent Players
19 Appendix
20 Consultant Recommendation
Research
Methodology
Primary Research
Fatpos Global’s dedicated primary research wing comprises a team of analysts adept
at conducting and engaging in detailed primary interviews with key industry
stakeholders across the entire value chain.
The primary research comprises formulation of a detailed discussion guides composed
of questions pertaining to various data points essential developing an in-depth
report.
The subsequent stages development of an exhaustive market participants, key opinion
leaders, industry experts and executives, among others.
Manufacturers, distributors & suppliers, key End Users, industry experts, opinion
leaders, and industry association members, among others compose the sample for the
research study
Supply Side
R&D technicians and technologists
Procurement Managers
Physician If s/Specialist
Research Professors
Healthcare Providers
Consumers
Distributors & Channels
Service Provide
Demand Side
CEOs
Vice presidents
Marketing directors
RProduct Managers
Regional Sales and
Marketing Managers
Business Development
Plant Manage
Research Framework
Objective of Research
The objective of the research is to provide a 360 holistic view on the market and
bringing the insights that can help stakeholders identify the opportunities as well
as challenges.
We have provided the market size in terms of value and volume of market with
segmentation and offers in-depth commentary and accurate quantitative insights.
The study also includes incisive competitive landscape analysis, and provides key
recommendations to market players on winning imperatives and successful strategies.
Primary Research
Fatpos Global’s dedicated primary research wing comprises a team of analyst adept
at conducting and engaging in detailed primary interviews with key industry
stakeholders across the entire value chain.
The primary research comprises formulation of a detailed discussion guides composed
of questions pertaining to various data points essential developing an in-depth
report.
The subsequent stages development of an exhaustive market participants, key
opinion leaders, industry experts and executives, among others.
Manufacturers, distributors & suppliers, key End Users, industry experts, opinion
leaders, and industry association members, among others compose the sample for the
research study
Analysts compile the whole data from demand and supply-side perceptions
Secondary Research
Data is gathered from various secondary databases.
Diligently tracking the secondary sources for closely monitoring the market trends
and insights.
Analysts compile the whole data from demand and supply-side perceptions for the
better outputs.
Data Sources
Research Approach
Demand Estimation of each product across countries/regions summed from the total
market
Variable analysis for demand forecasting
Demand estimation via analysing paid database, company financials either via annual
report or database
Primary interviews for data revalidation and insights collection.
Used extensively for new product forecasting or analysing penetration level
Tool used invoices product flow & penetration models
Use of regression multi variate analysis for forecasting
Involve extensive use of paid and public database
Primary interviews & vendor-based primary research for variable impact analysis
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