The snack food market size has grown strongly in recent years. It will grow from $249.66 billion in 2024 to $265.58 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rising changes of consumer lifestyles, convenience and portability, innovations in flavors and varieties, globalization and cultural influences, demands for natural and organic snacks.
The snack food market size is expected to see strong growth in the next few years. It will grow to $339.94 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growing plant-based and alternative proteins, sustainability practices, targeting specific demographics, global culinary influences, focus on transparency and clean labeling. Major trends in the forecast period include innovative textures, snackification of meals, global flavor exploration, societal trends and busier lifestyles, innovations in ingredients, e-commerce and online retailing.
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What are the key drivers behind the rapid expansion of the snack food market?
Many countries across the globe are experiencing falling prices of crops due to overcapacity. This is expected to result in low raw material costs for food and beverage companies. For instance, in November 2022, according to the report Frontline, an India-based national magazine on agriculture, the Cabinet Committee on Economic Affairs announced a bailout package of $8.4 billion (Rs 7000 crore) for farmers involved in the sugar production sectors to fix the minimum selling price of refined sugar at Rs 29 per kilogram (prices dropped to Rs 23-24 recently due to overproduction) and to create a buffer stock of 3 million tones of sugar for one year. Thus, the overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will enable snack food manufacturing companies to increase their productivity and drive the market going forward.
What is the segmentation for the snack food market?
The snack food market covered in this report is segmented –
1) By Type: Extruded Snacks, Non-extruded Snacks
2) By Flavor: Salty, Tangy, Spicy, Other Flavors
3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Extruded Snacks: Corn-Based Snacks, Potato-Based Snacks, Rice-Based Snacks, Snack Pellets
2) By Non-extruded Snacks: Chips, Crackers, Popcorn, Nuts And Seeds, Pretzels, Granola Bars, Jerky
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Who are the most influential companies in the snack food market?
Major companies operating in the snack food market include My Super Foods LLC, Nestlé SA, PepsiCo Inc., Unilever PLC, Mondelez International Inc., The Kraft Heinz Company, General Mills Inc., The Kellogg Company, Conagra Brands Inc., Sprout Foods Inc., AMCON Distributing Company Inc., Hain Celestial Group Inc., Haldiram Snacks Pvt. Ltd., McCain Foods Limited, Utz Quality Food LLC, Link Snacks Inc., Hanover Foods Corporation, Amy’s Kitchen Inc., Nurture Me Inc., Clif Bar & Company, Lundberg Family Farms, Annie’s Homegrown Inc., Grippo Potato Chip Company Inc., Creative Snacks Co. LLC, Hunter Foods LLC, Eat Real Snacks LLC, Heritage Family Specialty Foods Inc., YummyEarth Inc., Navitas Organics Inc.
What are the most influential trends expected to drive the snack food market forward?
Snack food manufacturing companies are adopting robotics and automation technology to maximize production efficiency. Robotic systems automate batching, conveying, processing, storage, and packaging of savory snack products, thus decreasing production cycle time and increasing output. Automation enables snack processing companies to improve plant conditions, reduce contamination, and operate with minimal human interaction, thus making processing safer for workers as well as consumers. Collaborative robots or semi-autonomous robots are used in various automation processes, including packaging. Plants with fixed automation systems increase yields by at least 2-3% over manual labor.
What are the major regional insights for the snack food market, and which region holds the top position?
The countries covered in the snack food market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Snack Food Market Report 2025 Offer?
The snack food market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Snack food is a small portion of food eaten between regular meals. Snack foods serve several purposes, including providing a boost of energy, curbing appetite, improving diet quality, satisfying hunger
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