According to the newest analysis from Fact.MR, the global snack market is expected to grow steadily. Market revenues are expected to expand at a steady rate over the projection period, according to the analysis.
According to a new analysis published by Fact.MR, global snack demand is predicted to grow at a CAGR of 6.5 percent from 2021 to 2031. The industry is expected to be worth US$ 751 billion by the end of the forecast period, with consumers gravitating toward organic snacks. Snack demand is predicted to exceed $400 billion by the end of 2021.
Key Segments Covered
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Product Type
- Nuts & Seeds
- Cookies & Biscuits
- Meat Snacks
- Cereal Bars
- Salty Snacks
- Other Snacks
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Sales Channel
- Snacks Sales via Modern Trade
- Snacks Sales via Departmental Stores
- Snacks Sales via Specialty Stores
- Snacks Sales via Online Stores
- Snacks Sales via Drug Stores
- Snacks Sales via Convenience Stores
- Snacks Sales via Other Sales Channels
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Source Type
- Wheat Snacks
- Maize Snacks
- Rye Snacks
- Rice Snacks
- Fruits & Vegetables
- Meat Snacks
- Other Sources
-
Nature
- Organic Snacks
- Conventional Snacks
8 Fact-based estimates The Global Snacks Market is covered in MR’s report.
In terms of revenue, North America is likely to maintain its dominance in the global snack market. Through 2022, the market in this region is expected to grow at the fastest rate.
Between 2021 and 2031, the European market is estimated to provide an absolute $ potential of US$ 4,979.2 million.
Snacks will continue to be distributed mostly through supermarkets and hypermarkets.
According to one source, while wheat is expected to stay dominant in the global snacking market, millets are expected to grow at the quickest rate through 2022.
CALBEE, Inc., Britannia Industries Limited, Lotus Bakeries NV, Mondelez International, Inc., ITC Limited, Campbell Soup Company, Nestle SA, and Kraft are among the market’s active participants, according to the survey.
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