Overview of Global Snacks Market: Size, Trends, Share and Growth Forecast till 2022

Rockville, US, 2018-Apr-17 — /EPR Network/ —   Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Snacks Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global snacks market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.

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Snack is the portion of food, usually smaller than regular meals. Snacks come in various forms such as processed foods, and packaged snack foods. Snack foods are designed specifically to be satisfying, quick, and portable. Processed snacks are designed for being less perishable, and more durable. With widely spread convenience stores across the globe, the business for packaged snack food has is witnessing a significant rise.

In the current world, consumers are more concerned about their snacking habits. Earlier, snacks were considered to be stop-gap food between meals. At present, they are being consumed with meals across many developed economies. This has led to a higher adoption of healthy snacking products such as extruded snacks, on the back of their metabolic benefits. In addition, the fast-paced lifestyle of people is driving adoption of packaged food such as bakery, and confectionary products. The global market for snacks is highly fragmented the presence of myriad large as well as small vendors competing to increase their market presence by leveraging their sales, based on promotion, service, innovation, and quality. These factors will augment growth of the market in the near future. However, savory and sweet snacks do not contribute to health and wellness trends. Moreover, the snacks are usually more expensive as compared to their standard counterparts. These might act as restraining factors for market growth. The global snacks market led by North America at its helm is poised to grow at a steady rate during the forecast period. The global snacks market is projected to grow at a CAGR of 5.6% through 2022.

Estimations by Fact.MR’s Report for the Global Snacks Market

  1. North America is expected to remain dominant in the global snacks market, in terms of revenues. The market in this region is projected to register the highest CAGR through 2022.
  2. The market in Europe is expected to create an absolute $ opportunity of US$ 4,979.2 Mn between 2017 and 2022.
  3. Biscuits will continue to be sought-after among products, with sales estimated to account for the largest revenues by 2022-end. Sales of biscuits are expected to account for more than half share of the market during the forecast period.
  4. Sales of bars are estimated to register the fastest expansion through 2022, and will remain the second most lucrative product in the global snacks market.
  5. Supermarkets/hypermarkets will remain the largest distribution channels for snacks.
  6. Convenience stores will stick to their position of being the second most lucrative distribution channels for snacks during the forecast period.
  7. Based on source, although wheat is projected to remain dominant in the global snacks market, sales of millets are estimated to register the fastest expansion through 2022.

Biscuits Larger than Bars and Fruit Segment in Global Snacks Market

With a revenue share of more than 50% by product type, biscuits represent the most attractive segment in the snacks market. This segment is anticipated to grow to almost US$ 48 billion by the end of the forecast period with North America contributing 1/3rd revenue share. The fast-paced lifestyle of consumers in North America makes biscuits particularly appealing in the snacks market. The second most lucrative segment in the snacks market is snack bars that comprise a quarter of the revenue. While North America is the largest region for snacks, the CAGR of Japan and Europe is in high single-digits.

Wheat Occupies a Large Chunk of the Global Snacks Market

The wheat segment consists of roughly half the revenue share by source segment in the snacks market for 2017 on account of its nutritive value and diverse application in a variety of foodstuffs. While North America is the largest region by absolute value, a higher CAGR of 6.5% for the period from 2017 to 2022 is projected in the fast-growing APEJ region which companies involved in the snacks market would be recommended to take note of. The oats segment of the snacks market could be a potential prospect of just under US$ 16 billion in 2017 and North America alone should near a value of US$ 4.7 billion in the same year.

Competition Tracking

The report has profiled prominent manufacturers of snacks in the global market, which include National Biscuit Industries LTD SAOG, Kellogs, Kraft Foods Group, INC., Nestle SA., Campbell Soup Company, ITC Limited, Mondelez International,INC., Lotus Bakeries NV, Britannia Industries Limited, and CALBEE, Inc.

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Table of Content

Chapter 1. Global Snacks Market – Executive Summary. 12

Chapter 2. Global Snacks Market Overview. 14
2.1. Introduction. 14
2.1.1. Global Snacks Market Taxonomy. 14
2.1.2. Global Snacks Market Definition. 14
2.2. Global Snacks Market Size (US$ Mn) and Forecast, 2012-2022. 15
2.2.1. Global Snacks Market Y-o-Y Growth. 15
2.3. Global Snacks Market Dynamics. 15
2.3.1. Drivers. 15
2.3.2. Restraints. 15
2.3.3. Trends. 16
2.4. Supply Chain. 16
2.5. Epidemiology. 16
2.6. List of Distributors. 16
2.7. Average Pricing Analysis. 16
2.8. Regulations. 16
2.9. Key Participants Market Presence (Intensity Map) By Region. 17

Chapter 3. Global Snacks Market Analysis and Forecast By Product Type. 18
3.1. Global Snacks Market Size and Forecast By Product Type, 2012-2022. 18
3.1.1. Fruit Snacks Market Size and Forecast, 2012-2022. 18
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 18
3.1.1.2. Market Share Comparison, By Region. 19
3.1.1.3. Y-o-Y growth Comparison, By Region. 20
3.1.2. Bars Snacks Market Size and Forecast, 2012-2022. 21
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 21
3.1.2.2. Market Share Comparison, By Region. 22
3.1.2.3. Y-o-Y growth Comparison, By Region. 23
3.1.3. Biscuits Snacks Market Size and Forecast, 2012-2022. 24
3.1.3.1. Revenue (US$ Mn) Comparison, By Region. 24
3.1.3.2. Market Share Comparison, By Region. 25
3.1.3.3. Y-o-Y growth Comparison, By Region. 26

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