Global Sweet And Savory Snacks Market: Detailed Analysis by Latest Trends, Emerging Size, Share, Sale and Forecast to 2024
Our latest research report entitled Sweet and Savory Snacks Market (by product type (crisps and chips, extruded snacks, popcorn, nut based snacks, and other snacks), distribution channel (supermarkets/hypermarkets, convenience stores, service stations, online and other distribution channels)) provides complete and deep insights into the market dynamics and growth of Sweet and Savory Snacks. Latest information on market risks, industry chain structure Sweet and Savory Snacks cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Sweet and Savory Snacks growth factors.
The forecast Sweet and Savory Snacks Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Sweet and Savory Snacks on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global sweet and savory snacks market is projected to grow at a CAGR of 6.17% over the forecast period of 2018-2024.
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The global market size of sweet and savory snacks was worth USD 144.0 billion and it is projected to reach to USD 219.6 billion in 2024. In terms of volume, it is projected to reach to 148.35 MMT in 2024 expanding from 104.94 MMT in 2017. The growth in this market is primarily driven by factors such as changing lifestyles of the consumers worldwide, increasing snacking among the youth and new product launches among others. On the other hand, growing obesity concerns among the consumers, especially, from the developed countries of Europe and North America are likely to hinder the growth in this market over the forecast period. In addition, fluctuations in the raw material prices are likely to restrain the growth in this market over the forecast period.
Moreover, the global trend of preference for organic food is likely to drive the demand for organic snacks over the forecast period. This in turn, is anticipated to augment the opportunities in the global sweet and savory snacks market over the next six years. Among the regions, the North America region accounted for the largest market share in 2017, while the Asia-pacific region accounted for the second largest market for sweet and savory snacks. Growing geriatric population in Europe is one of the primary reasons for the sluggish growth in the European sweet and savory snacks market. The significant rise in population of youth and growing disposable income per capita is likely to augment the growth in the Asia-Pacific region over the next six years. As a result the sweet and savory market in the Asia-Pacific region is projected to grow at the highest CAGR among the regions in the world market over the forecast period.
The report on global sweet and savory snacks market covers segments such as, product type and distribution channel. On the basis of product type the global sweet and savory snacks market is categorized into crisps and chips, extruded snacks, popcorn, nut based snacks, pretzels, fruit snacks and other snacks. On the basis of distribution channel the global sweet and savory snacks market is categorized into supermarkets/hypermarkets, convenience stores, service stations, dollar stores, department stores, online and other distribution channels.
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Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global sweet and savory snacks market such as, PepsiCo, Diamond Foods Inc., Golden Wonder, Procter & Gamble, The Hain Celestial Group, ITC Limited, Kellogg Company, ConAgra Brands Inc. and Jack Link’s Beef Jerky.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global sweet and savory snacks market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of sweet and savory snacks market. Moreover, the study highlights current market trends and provides forecast from 2016-2024. We also have highlighted future trends in the sweet and savory snacks market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the sweet and savory snacks market to understand the present and future trends in this market and formulate their strategies accordingly.
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