Scope of Global Snacks Market: Size, Trends, Demand, Share and Growth Forecast till 2022

A freshly compiled business intelligent report, titled “Snacks Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Snacks” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Snack is the portion of food, usually smaller than regular meals. Snacks come in various forms such as processed foods, and packaged snack foods. Snack foods are designed specifically to be satisfying, quick, and portable. Processed snacks are designed for being less perishable, and more durable. With widely spread convenience stores across the globe, the business for packaged snack food has is witnessing a significant rise.

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.

Biscuits Larger than Bars and Fruit Segment in Global Snacks Market

With a revenue share of more than 50% by product type, biscuits represent the most attractive segment in the snacks market. This segment is anticipated to grow to almost US$ 48 billion by the end of the forecast period with North America contributing 1/3rd revenue share. The fast-paced lifestyle of consumers in North America makes biscuits particularly appealing in the snacks market. The second most lucrative segment in the snacks market is snack bars that comprise a quarter of the revenue. While North America is the largest region for snacks, the CAGR of Japan and Europe is in high single-digits.

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Wheat Occupies a Large Chunk of the Global Snacks Market

The wheat segment consists of roughly half the revenue share by source segment in the snacks market for 2017 on account of its nutritive value and diverse application in a variety of foodstuffs. While North America is the largest region by absolute value, a higher CAGR of 6.5% for the period from 2017 to 2022 is projected in the fast-growing APEJ region which companies involved in the snacks market would be recommended to take note of. The oats segment of the snacks market could be a potential prospect of just under US$ 16 billion in 2017 and North America alone should near a value of US$ 4.7 billion in the same year.

Competition Tracking

The report has profiled prominent manufacturers of snacks in the global market, which include 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, and CALBEE, Inc.

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