Veggie Snacks Market: Opportunity Analysis and Industry Forecast up to 2031

250 Pages Veggie Snacks Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Veggie Snacks. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Veggie Snacks Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Veggie Snacks market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Veggie Snacks

This newly published and insightful report sheds light on Market Insights of Veggie Snacks, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Veggie Snacks Market.

Competitive Landscape

The competitive landscape of the snacks market features names of prominent manufacturers as per their market foothold, which includes

• 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
• CALBEE Inc.

Britannia Industries Limited, a leading player in the snacks market, unveiled its new logo and is in the process of launching around 50 new products to celebrate its centenary.

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Moreover, it has also established a successful partnership with Greece-based Chipita to launch its own new line of croissants.

Nestle S.A., a prominent player in the snacks market, is making sincere efforts to support healthier lifestyles through its products.

The brand has made forward-looking commitments to curtail sodium, sugars, and saturated fats and includes healthy ingredients like fiber-rich grains, vegetables, and micronutrients in its offerings.

The global snacks market is anticipated to register a steady expansion, according to the latest report by Fact.MR. The report estimates market revenues to increase at a steady rate during the forecast period.

Currently, 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. Manufacturers are focusing on making alterations in the nutritional content of extruded snacks, by modifying digestion capability of starch and protein. 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, with 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. Intense competition is expected to prevail in the global snacks market, owing to continuously changing spending patterns of consumers, local and national economic conditions, and demographic trends.  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. The snacks are usually more expensive as compared to their standard counterparts, with price gap between the two widening rapidly, especially in developed economies. These might act as restraining factors for market growth.

8 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.
8. The report identified key players actively participating in the market, which include CALBEE, Inc., Britannia Industries Limited, Lotus Bakeries NV, Mondelez International, Inc., ITC Limited, Campbell Soup Company, Nestle SA, Kraft Foods Group, Inc., Kellogs, and National Biscuit Industries Ltd SAOG.

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Key Question answered in the survey of Veggie Snacks market report:

• Sales and Demand of Veggie Snacks
• Growth of Veggie Snacks Market
• Market Analysis of Veggie Snacks
• Market Insights of Veggie Snacks
• Key Drivers Impacting the Veggie Snacks market
• Which are the Key drivers impacted by Veggie Snacks market
• Restraints Shaping Market Growth
• Market Survey of Veggie Snacks

More Valuable Insights on Veggie Snacks Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Veggie Snacks, Sales and Demand of Veggie Snacks, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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