PUBLISHER: Grand View Research | PRODUCT CODE: 1530005
PUBLISHER: Grand View Research | PRODUCT CODE: 1530005
Snacks Market Size, Share & Trends Analysis Report By Product (Frozen & Refrigerated, Fruit, Bakery, Savory, Confectionery, Dairy), By Packaging, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030
Snacks Market Growth & Trends:
The global snacks market size is expected to reach USD 922.08 billion in 2030, registering a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing trend of on-the-go consumption, especially among urban residents and younger people, has greatly boosted market growth. Consumers are drawn to the diverse flavors and varieties of snacks that cater to their different tastes. In addition, the move toward healthier and more convenient snack options has been a significant factor driving market expansion. The rising consumer demand for convenience is a significant driver for the global market. There has been a surge in on-the-go snacking, with consumers seeking portable snack options that fit their busy lifestyles. This trend is expected to continue, contributing to the growth of the global snack market.
The increasing focus on healthy and functional ingredients is another crucial factor propelling the market forward. Consumers are increasingly looking for snacks that taste good and offer health benefits. While salty snacks remain popular, there is a growing demand for healthier snack options high in protein, fiber, and other nutrients. Manufacturers can develop and offer such products to cater to this evolving consumer preference. The bags & pouches market held the higher share of the market in 2023 and is expected to register a considerable CAGR over the forecast period. A major factor fueling the demand for snacks in bags and pouches is the convenience and portability they offer to consumers. In today's fast-paced lifestyle, consumers increasingly seek on-the-go snack options that are easy to carry, open, and consume. Single-serving packages provide a convenient solution for snacking anytime, anywhere, catering to the needs of busy individuals, students, office workers, and travelers.
The savory snacks segment held a significant revenue share in 2023 and is expected to register a considerable CAGR over the forecast period. Consumers' evolving preferences for more adventurous flavors and food choices boost the demand for savory snacks. This has led to a surge in demand for savory snacks with ethnic and exotic flavors, including bold spices, international recipe inspirations, and globally inspired ingredients. Manufacturers are capitalizing on this trend by offering a variety of unique flavor profiles in their snack products. Sales of cereal bars through hypermarkets & supermarkets held a considerable market share. The convenience and accessibility of these retail channels, typically located in urban and suburban areas, make it easy for individuals to purchase healthy snacks during routine shopping trips. Collaborations with popular brands for in-store promotions and advertising campaigns increase brand visibility and generate consumer interest. Competitive pricing and discounts on healthy snacks further incentivize consumers to select these options over less nutritious alternatives.
North America accounted for the largest revenue share in 2023 and is estimated to expand at a significant CAGR from 2024 to 2030. The availability of a wide variety of snacks across supermarkets, convenience stores, specialty stores, and online retail channels makes it easier for consumers to access their preferred snack products. This accessibility contributes to the overall growth of the regional market. Supermarkets and hypermarkets hold a prominent share of the North American snack food market. Key companies adopt strategies, including global expansion, partnerships, M&As, development & launch of new products, and others, to gain higher market share.
Snacks Market Report Highlights:
- Asia Pacific is expected to grow at the fastest CAGR from 2024 to 2030. Technological advancements have enabled snack manufacturers to introduce a wide range of innovative products to cater to changing consumer demands. Advanced food processing technologies have allowed for the creation of healthier snack options, such as baked snacks, air-popped snacks, and snacks with functional ingredients like probiotics or superfoods
- The frozen & refrigerated segment is estimated to grow at the fastest CAGR from 2024 to 2030. Frozen and refrigerated snacks offer a quick and easy solution for on-the-go consumption, catering to the needs of modern consumers who seek convenience in their food choices
- The cans packaging segment is estimated to grow with the fastest CAGR from 2024 to 2030.The aesthetic and innovative design of modern cans can significantly enhance the visual appeal, making healthy snacks not just a treat for the palate but also visually appealing
- The online distribution channel segment is expected to grow at the fastest CAGR from 2024 to 2030. The convenience, variety, accessibility, and potential cost savings make online purchases of snacks an attractive choice for many shoppers
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Product Snapshot
- 2.3. Packaging Snapshot
- 2.4. Distribution Channel Snapshot
- 2.5. Competitive Landscape Snapshot
Chapter 3. Snacks Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Manufacturing & Technology Trends
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.5. Business Environment Analysis - Porter's Five Forces Analysis
- 3.6. Market Entry Strategies
Chapter 4. Snacks Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Snacks Market: Product Estimates & Trend Analysis
- 5.1. Snacks Market, by Product: Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2023 & 2030
- 5.3. Frozen & Refrigerated
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.4. Fruit
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.5. Bakery
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.6. Savory
- 5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.7. Confectionery
- 5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.8. Dairy
- 5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.9. Others
- 5.9.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Snacks Market: Packaging Estimates & Trend Analysis
- 6.1. Snacks Market, by Packaging: Key Takeaways
- 6.2. Packaging Movement Analysis & Market Share, 2023 & 2030
- 6.3. Bags & Pouches
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.4. Boxes
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.5. Cans
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.6. Jars
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Snacks Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Snacks Market, by Distribution Channel: Key Takeaways
- 7.2. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 7.3. Supermarkets & Hypermarkets
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4. Convenience Stores
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5. Online
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Snacks Market: Regional Estimates & Trend Analysis
- 8.1. Snacks Market: Regional Outlook
- 8.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.3. North America
- 8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2. U.S.
- 8.3.2.1. Key country dynamics
- 8.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3. Canada
- 8.3.3.1. Key country dynamics
- 8.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.4. Mexico
- 8.3.4.1. Key country dynamics
- 8.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4. Europe
- 8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.2. UK
- 8.4.2.1. Key country dynamics
- 8.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.3. Germany
- 8.4.3.1. Key country dynamics
- 8.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.4. France
- 8.4.4.1. Key country dynamics
- 8.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.5. Italy
- 8.4.5.1. Key country dynamics
- 8.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.6. Spain
- 8.4.6.1. Key country dynamics
- 8.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.2. China
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.3. India
- 8.5.3.1. Key country dynamics
- 8.5.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.4. Japan
- 8.5.4.1. Key country dynamics
- 8.5.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.5. Australia & New Zealand
- 8.5.5.1. Key country dynamics
- 8.5.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.6. South Korea
- 8.5.6.1. Key country dynamics
- 8.5.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6. Central & South America
- 8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6.2. Brazil
- 8.6.2.1. Key country dynamics
- 8.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.7. Middle East & Africa
- 8.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.7.2. UAE
- 8.7.2.1. Key country dynamics
- 8.7.3. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.7.4. South Africa
- 8.7.4.1. Key country dynamics
- 8.7.5. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Recent Developments & Impact Analysis, by Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2023 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. Company Profiles
- 9.9.1. General Mills, Inc.
- 9.9.1.1. Company Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Portfolios
- 9.9.1.4. Strategic Initiatives
- 9.9.2. PepsiCo
- 9.9.2.1. Company Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Portfolios
- 9.9.2.4. Strategic Initiatives
- 9.9.3. The Kraft Heinz Company
- 9.9.3.1. Company Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Portfolios
- 9.9.3.4. Strategic Initiatives
- 9.9.4. Nestle
- 9.9.4.1. Company Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Portfolios
- 9.9.4.4. Strategic Initiatives
- 9.9.5. The Kellogg Company
- 9.9.5.1. Company Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Portfolios
- 9.9.5.4. Strategic Initiatives
- 9.9.6. Unilever
- 9.9.6.1. Company Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Portfolios
- 9.9.6.4. Strategic Initiatives
- 9.9.7. Conagra Brands, Inc.
- 9.9.7.1. Company Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Portfolios
- 9.9.7.4. Strategic Initiatives
- 9.9.8. Grupo Bimbo
- 9.9.8.1. Company Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Portfolios
- 9.9.8.4. Strategic Initiatives
- 9.9.9. Danone
- 9.9.9.1. Company Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Portfolios
- 9.9.9.4. Strategic Initiatives
- 9.9.10. Mars, Incorporated
- 9.9.10.1. Company Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Portfolios
- 9.9.10.4. Strategic Initiatives
- 9.9.1. General Mills, Inc.
List of Tables
- Table 1. Snacks market - Driving factor market analysis
- Table 2. Snacks market - Restraint factor market analysis
- Table 3. Snacks market estimates & forecast, by product (USD Billion)
- Table 4. Snacks market estimates & forecast, by packaging (USD Billion)
- Table 5. Snacks market estimates & forecast, by distribution channel (USD Billion)
- Table 6. U.S. macro-economic outlay
- Table 7. Canada macro-economic outlay
- Table 8. Mexico macro-economic outlay
- Table 9. Germany macro-economic outlay
- Table 10. UK macro-economic outlay
- Table 11. France macro-economic outlay
- Table 12. Italy macro-economic outlay
- Table 13. Spain macro-economic outlay
- Table 14. China macro-economic outlay
- Table 15. India macro-economic outlay
- Table 16. Japan macro-economic outlay
- Table 17. Australia & New Zealand macro-economic outlay
- Table 18. New Zealand macro-economic outlay
- Table 19. South Korea macro-economic outlay
- Table 20. Brazil macro-economic outlay
- Table 21. UAE macro-economic outlay
- Table 22. South Africa macro-economic outlay
- Table 23. Recent developments & impact analysis, by key market participants
- Table 24. Company market share, 2023
- Table 25. Company heat map analysis
List of Figures
- Fig. 1 Snacks market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Snacks market snapshot
- Fig. 7 Product snapshot
- Fig. 8 Packaging snapshot
- Fig. 9 Distribution channel snapshot
- Fig. 10 Competitive landscape snapshot
- Fig. 11 Global food and grocery market size, 2023 (USD Billion)
- Fig. 12 Global snacks market size, 2018 to 2030 (USD Billion)
- Fig. 13 Global snacks market - Industry value chain analysis
- Fig. 14 Global snack market - Profit margin analysis
- Fig. 15 Snacks market dynamics
- Fig. 16 Snacks market: Porter's Five Force Analysis
- Fig. 17 Snacks consumption by age in the U.S., 2023
- Fig. 18 Factors influencing buying behavior
- Fig. 19 Snacks market, by product: Key takeaways
- Fig. 20 Snacks market, by product: Market share, 2023 & 2030 (USD Billion)
- Fig. 21 Frozen & refrigerated snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 22 Fruit snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 23 Bakery snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 24 Savory snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 25 Confectionery snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 26 Dairy snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 27 Other snacks market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 28 Snacks market, by packaging: Key takeaways
- Fig. 29 Snacks, by Packaging: Market share, 2023 & 2030 (USD Billion)
- Fig. 30 Snacks market estimates & forecasts, by bags & pouches, 2017 - 2030 (USD Billion)
- Fig. 31 Snacks market estimates & forecasts, by boxes, 2017 - 2030 (USD Billion)
- Fig. 32 Snacks market estimates & forecasts, by cans, 2017 - 2030 (USD Billion)
- Fig. 33 Snacks market estimates & forecasts, by jars, 2017 - 2030 (USD Billion)
- Fig. 34 Snacks market estimates & forecasts, by other packaging formats, 2017 - 2030 (USD Billion)
- Fig. 35 Snacks market, by distribution channel: Key takeaways
- Fig. 36 Snacks, by distribution channel: Market share, 2023 & 2030 (USD Billion)
- Fig. 37 Snacks market estimates & forecasts through supermarkets & hypermarkets, 2017 - 2030 (USD Billion)
- Fig. 38 Snacks market estimates & forecasts through convenience store, 2017 - 2030 (USD Billion)
- Fig. 39 Snacks market estimates & forecasts through online channel, 2017 - 2030 (USD Billion)
- Fig. 40 Snacks market estimates & forecasts through other channel, 2017 - 2030 (USD Billion)
- Fig. 41 Snacks market revenue, by region, 2023 & 2030 (USD Billion)
- Fig. 42 Regional marketplace: Key takeaways
- Fig. 43 Regional marketplace: Key takeaways
- Fig. 44 North America snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 45 U.S. snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 46 Canada snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 47 Mexico snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 48 Europe snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 49 Germany snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 50 UK snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 51 France snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 52 Italy snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 53 Spain snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 54 Asia Pacific snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 55 China snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 56 India snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 57 Japan snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 58 Australia & New Zealand market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 59 South Korea snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 60 Central & South America snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 61 Brazil snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 62 Middle East and Africa snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 63 UAE Snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 64 South Africa Snacks market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 65 Company market share analysis, 2023
- Fig. 66 Strategic framework of the Snacks market
