Snacks Product Market was valued US$16.0 Bn in 2017 and is estimated to reach US$25.0 Bn by 2026 at a CAGR of 5.74%.
The snacks product market is segmented by Product, by Distribution channel & by Region. The product is divided into Salty snacks, Bakery snacks, Nachos, Speciality & Frozen. A distribution channel is classified as Supermarkets, Convenience store, Independent retailer & online store. Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Global Snacks Product Market Busy lifestyles, have fuelled the discovery of food products that can be quickly prepared, conveniently carried, and easily consumed, thus driving the market for snack food manufacturing significantly. The growing number of women in the personal and a high convenience quotient of these foods are other factors favoring the growth of the market. Changing lifestyle and the impact of Western food habits, consumers across the world are shifting from traditional meals to ready to eat packaged food.
Based on product, Bakery snacks segment possesses the highest market coverage, bakery product includes biscuits, bread, toast, cakes, puff, bun, muffin, brownie etc. which are widely eaten in breakfast. With a proceeds share of more than 50% by product type, biscuits represent the most attractive segment in the snacks market. On the basis of a distribution channel, a convenience store is dominating the market as for the easy to available the snacks food in the convenience store. Now a days increasing the use of internet the people order the food online. In terms of region, Europe is the largest market for snack food products, followed by North America. The importance for healthy and nutritious snack food is expected to help maintain a steady growth in the developed markets. Spread of western eating habits to the developing world and increasing urbanization have helped in good market penetration for the global players in the developing nations of Asia-Pacific and South America. Asia-Pacific is poised to register the fastest growth during the forecast period, due to the growing demand from the developing countries of India and China. Key players operates on markets are PepsiCo Inc., Mondelez International Inc., Kellogg Company, Lamb Weston Holdings Inc., McCain Foods Ltd., Intersnack Group, Calbee Inc., Aviko B.V. General Mills Inc., and McDonald’s Corporation.
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Scope of the Report for Global Snacks Product Market Global Snacks Product Market, by Product • Salty snacks • Bakery snacks • Nachos
• Speciality & Frozen Global Snacks Product Market, by Distribution channel • Supermarkets • Convenience store • Independent retailer • Online store. Global Snacks Product Market, by Region • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Analysed in Global Snacks Product Market • PepsiCo Inc., • Mondelez International Inc., • Kellogg Company, • Lamb Weston Holdings Inc., • McCain Foods Ltd.,
• Intersnack Group, • Calbee Inc., • Aviko B.V. • General Mills Inc., • McDonald’s Corporation This Report Is Submitted By @ Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email:
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