San Francisco, 25 September 2024: The Report 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
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.
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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
The increasing prevalence of on-the-go consumption, particularly among the urban and younger demographics, has significantly contributed to its market growth. Consumers are attracted to the wide array of flavors and varieties available in snacks, catering to their diverse preferences. Moreover, the shift toward healthier and more convenient snack options has been a key driver in market growth. Consumer preferences have undergone a notable transformation in recent years, with a growing inclination towards the convenience and portability of snacks. Consumers who are often pressed for time seek snacks that can be easily consumed while on the move or during short breaks.
This trend has increased the demand for snacks that offer convenience without compromising taste or nutritional value. In June 2022, Kellogg’s Special K introduced a new line of protein snack bars to provide a delicious and convenient option for individuals with busy lifestyles. These are available in two delicious flavors: Berry Vanilla and Brownie Sundae. These new bars are designed to offer a portable and satisfying snack option rich in protein, making them ideal for busy lifestyles where quick and nutritious choices are essential. Consumers often prefer a wide range of flavors to cater to diverse tastes. Offering unique and innovative flavor options can attract consumers looking for exciting taste experiences.
Snacks Market Report Scope
Report Attribute Details Market size value in 2024 USD 719.18 billion Revenue forecast in 2030 USD 922.08 billion Growth rate CAGR of 4.2% from 2024 to 2030 Actuals 2018 - 2023 Forecast period 2024 - 2030 In May 2024, Pringles, a popular brand of potato crisps known for its unique packaging and flavors, introduced three new snacks to its lineup. These new additions aim to excite consumers with fresh taste experiences and limited-edition offerings. The first of the two new flavors introduced by Pringles is Carnitas Taco. This flavor offers pork carnitas with a mix of spices, such as onion, cumin, garlic, and oregano. The second new flavor is All Dressed, which offers a blend of sweet, savory, and tangy flavors. In addition to the two flavors, Pringles has also unveiled The Limited Edition Minecraft Spicy TNT. With a growing focus on health-conscious choices, consumers are increasingly seeking snacks that are perceived as healthier options. This includes snacks with low sugar content, natural ingredients, organic certifications, or specific health benefits.
Recent Developments
• In April 2024, Danone North America introduced a new range of yogurt and dairy snacks named Remix, which consists of three brands: Oikos Remix, Too Good & Co. Remix, and Light + Fit Remix. These products offer a yogurt or dairy base with assorted mix-in toppings in different flavors to meet the growing snack demand • In April 2024, Magnum, Unilever’s ice cream brand, launched Magnum Pleasure Express, mood-inspired flavored ice creams. Magnum also put up 3D action billboards to promote these ice creams. It collaborated with Mindshare, LOLA MullenLowe, DOOH.com, and Kinetic to deliver the innovative live-action billboard in London, UK. The Pleasure Express 3D OOH creative shows off the brand’s summer campaign to support the launch of NPD Magnum Euphoria Pink Lemonade and Magnum Chill Blueberry Cookie flavored ice creams • In March 2024, Nestlé Maggi entered the frozen food category with frozen pops, kebabs, and pockets in India. Maggi would be competing with brands, such as McCain, ITC Master Chef, and Gadre, within the frozen snacks category in the country. The bars are available in five distinct flavors: Chocolate Chip, Peanut Butter Chocolate Chip, Strawberry, Cinnamon Roll, and Oats & Honey
The 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer.
They will establish new connectivity, which will assist the businesses to widen their capabilities.
Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510.
These instruments offer new and advanced technological features and supports 5G NR radio interference.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market/request-for-sample The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.
The report "Near Field Communication Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025", is expected to grow from USD 18.0 billion in 2020 to USD 34.9 billion by 2025, at a CAGR of 14.2%.
Browse 133 market data Tables and 53 Figures spread through 184 Pages and in-depth TOC on "NFC Market with COVID-19 impact by Device operating mode (Reader emulation, Peer-To-Peer, and Card Emulation), Offering (Non-Auxiliary products, Auxiliary products, and Softwares), Application, and Region - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=520 Reader emulation is attributed to hold the largest share of the NFC market The market for reader emulation is projected to witness highest growth in the NFC market for the forecast period, as the majority of mobile phone and retail applications use NFC chip in reader emulation mode.
There is high adoption of NFC-based mobile wallets, such as Goggle pay, Samsung pay, Apple Pay, and Android Pay, which are expected to witness the highest CAGR in the coming years, owing to the high demand originating from payments.
Consumer electronics accounted for a major share of the overall NFC market Consumer electronics is the largest application industry for NFC and accounted for a major share of the overall NFC market with the commercialization of the technology in smartphones, media tablets, smart TVs, set-top boxes, and gaming consoles.
The growth of the NFC market in APAC is mainly driven by increasing developments (such as R activities, investments, and partnerships among companies) related to NFC in countries such as Japan, China, and South Korea.
Additionally, it has some of the world’s fastest-growing and leading industrialized economies.
Global Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024.
The Dairy alternatives-based food and beverages are prepared from dairy-free milk, extracted from several plant-based sources such as soy, rice, almond, coconut, and others.
The dairy alternatives have a robust demand with respect to manufacturing medical food for their lactose-free nature, lactose intolerance ailments.
Moreover, the dairy alternatives offer several benefits such as increasing awareness among people, and as the dairy alternatives products contain vitamin, high calcium, the market will upsurge in the forecast period.
The factors that attribute to the growth of this sector is the prevention of breast cancer, and heart diseases, will upsurge the market growth in the upcoming period.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/dairy-alternatives-market/request-sampleDairy alternatives industry may be explored by application as Food, and Beverages.
Dairy alternatives market may be explored by distribution channel as Supermarket, Convenience Retailers, PharmacyAsia-Pacific has been at the forefront with regards to dairy alternatives industry and will continue to rule the roost in the years to come.
Pitch Coke Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/7165 UpMarketResearch offers a latest published report on “Global Pitch Coke Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region-wise Analysis Global Pitch Coke Market covers: United StatesEuropeChinaJapanOther Regions The Major players reported in the market include: Mitsubishi ChemicalShamokin CarbonsRESORBENTNSCCBaosteel ChemicalTianjin Yunhai CarbonJining CarbonShaanxi Coal and Chemical Industry GroupAsbury CarbonsNingxia WanbodaPMC Tech For More Information, Please Visit https://www.upmarketresearch.com/home/enquiry_before_buying/7165 Global Pitch Coke Market: Product Segment Analysis: Type IType II Global Pitch Coke Market: Application Segment Analysis: Aluminum Electrode MaterialCarbon Specialties MaterialOther The Report covers in-depth analysis as follows: 1 study coverage2 Executive Summary3 Market Size by Manufacturers4 Pitch Coke Production by Regions5 Pitch Coke Consumption by Regions6 Market Size by Type7 Market Size by Application8 Manufacturers Profiles9 Production Forecasts10 Consumption Forecast11 Upstream, Industry Chain and Downstream Customers Analysis12 Opportunities & Challenges, Threat and Affecting Factors14 Appendix Buy Pitch Coke Market analysis & forecast 2018-2023 Report along with complete TOC @ https://www.upmarketresearch.com/buy/pitch-coke-market “Pitch Coke Market Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
Mar 12, 2020: The global Filters market size is expected to reach USD 110.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Radiant Insights, Inc.
Rapid technological advancements coupled with growing demand for filtration for industrial, commercial, and household purposes is anticipated to drive the market.Presence of stringent regulatory framework, which stipulates lowering of the exhaust emissions, is anticipated to boost the product demand in the automotive industry.
In addition, increasing investments towards the installation of high-quality filters in the cars for cabin air filtration by the automobile manufacturers is anticipated to benefit market growth over the forecast period.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/filters-market/request-sampleGrowing population, depletion of water resources, and contamination of ground and surface water has resulted in an increased adoption of water treatment processes to improve the water quality.
In addition, rapid industrialization in developing economies such as Asia Pacific is anticipated to further result in shortage of potable water, which is likely to promote the demand for water filtration systems.Major market players such as Affinia Group Intermediate focus on integrated third party production/distribution and supply directly to end-use companies.
Further key findings from the report suggest:The ICE filters segment accounted for USD 32.9 billion in 2019 and is projected to witness strong growth over the forecast period on account of growing production of automobiles and rising spending power among people across the globeThe motor vehicle application segment is anticipated to reach USD 55.9 billion in 2027 owing to growing demand for vehicles coupled with rising environmental awareness across the globeThe filters market in Europe is projected to witness a CAGR of 3.7% from 2020 to 2027 and reach USD 25.2 billion in 2027 due to the implementation of stringent regulations by government authorities to control the emission level from automobiles and industrial exhaust emissions in the regionThe market in Asia Pacific accounted for USD 32.1 billion in 2019 and is estimated to grow at a CAGR of 6.4% over the forecast period.
Filters Market - Porter’s Analysis3.10.1 Supplier Power3.10.2 Buyer Power3.10.3 Substitution Threat3.10.4 Threat from New Entrant3.10.5 Competitive Rivalry3.11 Filters Market - PESTEL Analysis3.11.1 Political Landscape3.11.2 Environmental Landscape3.11.3 Social Landscape3.11.4 Technology Landscape3.11.5 Economic LandscapeContinued………….
