Snacks Market Share, Trends, Analysis, Demand, CAGR Status, Revenue, Growth and Forecast 2034
Snacks Market Growth, Size, Trends Analysis - By Product, By Packaging, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Mar-2025 | Report ID: FOOD2535 | Pages: 1 - 226 | Formats*: |
| Category : Food & Beverages | |||
Snacks Market Introduction and Overview
According to SPER Market Research, the Global Snacks Market is estimated to reach USD 1122.68 billion by 2034 with a CAGR of 4.49%.
The report includes an in-depth analysis of the Global Snacks Market, including market size and trends, product mix, Applications, and supplier analysis. The market for snacks is expanding rapidly due to factors such shifting customer preferences, growing disposable incomes, and a growing need for quick-to-eat food items. The business is changing as a result of consumers' increasing desire for functional and healthful snacks including protein bars, almonds, and organic choices. Urbanization, hectic schedules, and the growth of retail channels, especially e-commerce, are important drivers. But the market also has to contend with issues like volatile raw material prices, strict food safety laws, and rising awareness of harmful substances like artificial chemicals and Trans fats. For businesses to be competitive in this ever-changing market, they must develop sustainable packaging and healthier compositions.
By Product Insights: Snacks is classified into six categories based on Product: Frozen & Refrigerated, Fruit, Bakery, Savory, Confectionery and Dairy. The market leader is savory snacks. Another important element driving the market is the growing tendency of snacking situations taking the place of or adding to conventional meals. The market for frozen and chilled snacks is anticipated to expand at a substantial CAGR. Convenient food options that take little time to prepare are getting more and more popular as consumer lifestyles get busier and faster.
By Packaging Insights: The market for Snacks is segmented based on Packaging, including Bag & Pouches, Boxes, Cans and Jars. The biggest market share was held by the bags & pouches segment. The need for sustainable packaging solutions is rising as people become more conscious of environmental problems, such as waste management and plastic pollution. The cans market continues to expand. Snack packaging in cans is growing in popularity because it offers numerous advantages that satisfy both consumer and manufacturer preferences.
By Distribution Channel Insights: The market for Snacks is divided into many Distribution Channel, including Supermarket/Hypermarket, Convenience Stores and Online. Supermarkets and hypermarkets dominate the market. When choosing snacks, consumers tend to favour supermarkets and hypermarkets, and there are a number of reasons for this choice. A notable compound annual growth rate is anticipated for the internet channels segment. The popularity of online platforms for snack purchases is mostly due to their accessibility and ease.
By Regional Insights: The North American snack market was in a strong position. The constant innovation and new product creation by major companies to satisfy shifting consumer needs is a major driver of the regional market's growth. This entails launching more inventive tastes, healthier ingredients, and practical packaging choices that appeal to a variety of customers.
Market Competitive Landscape:
The market participants are in fierce competition with one another because some of them are leading snack makers with a wide range of snack products. Because they have developed and extensive distribution networks to reach both domestic and foreign consumers, these businesses have a sizable customer base. Some of the key market players are General Mills, Inc., PepsiCo, the Kraft Heinz Company, Nestlé, the Kellogg Company, Unilever, Conagra Brands, Inc. and Grupo Bimbo, Danone, Mars, Inc.
Recent Developments:
- In April 2024, Three brands - Oikos Remix, Too Good & Co. Remix, and Light + Fit Remix make up the new Remix collection of yogurt and dairy snacks that Danone North America unveiled. As the need for snacks grows, these products provide a dairy or yogurt base with a variety of mix-in toppings with different flavours.
- In April 2024, Mood-inspired flavored ice creams called Magnum Pleasure Express were launched by Unilevers ice cream brand Magnum. Magnum promoted these ice creams with 3D action billboards additionally. It delivered an innovative live-action billboard in London, UK, in partnership with Mindshare, LOLA MullenLowe, DOOH.com, and Kinetic.
- In March 2024, Nestle Maggi made its entry in the frozen food market in India with frozen pops, kebabs, and pockets. In the country's frozen snack market, Maggi would face competition from companies like McCain, ITC Master Chef, and Gadre.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Packaging, By Distribution Channel. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | General Mills, Inc., PepsiCo, the Kraft Heinz Company, Nestle, the Kellogg Company, Unilever, Conagra Brands, Inc., Grupo Bimbo, Danone, Mars, Inc. and others. |
Key Topics Covered in the Report:
- Global Snacks Market Size (FY’2021-FY’2034)
- Overview of Global Snacks Market
- Segmentation of Global Snacks Market By Product (Frozen & Refrigerated, Fruit, Bakery, Savory, Confectionery, Dairy)
- Segmentation of Global Snacks Market By Packaging (Bag & Pouches, Boxes, Cans, Jars)
- Segmentation of Global Snacks Market By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online)
- Statistical Snap of Global Snacks Market
- Expansion Analysis of Global Snacks Market
- Problems and Obstacles in Global Snacks Market
- Competitive Landscape in the Global Snacks Market
- Details on Current Investment in Global Snacks Market
- Competitive Analysis of Global Snacks Market
- Prominent Players in the Global Snacks Market
- SWOT Analysis of Global Snacks Market
- Global Snacks Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Snacks Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Snacks Market
7. Global Snacks Market, By Product (USD Million) 2021-2034
7.1. Frozen & Refrigerated7.2. Fruit7.3. Bakery7.4. Savory7.5. Confectionery7.6. Dairy
8. Global Snacks Market, By Packaging (USD Million) 2021-2034
8.1. Bag & Pouches8.2. Boxes8.3. Cans8.4. Jars
9. Global Snacks Market, By Distribution Channel (USD Million) 2021-2034
9.1. Supermarket/Hypermarket9.2. Convenience Stores9.3. Online
10. Global Snacks Market, (USD Million) 2021-2034
10.1. Global Snacks Market Size and Market Share
11. Global Snacks Market, By Region,(USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia11.1.2. China11.1.3. India11.1.4. Japan11.1.5. South Korea11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France11.2.2. Germany11.2.3. Italy11.2.4. Spain11.2.5. United Kingdom11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia11.3.2. United Arab Emirates11.3.3. Qatar11.3.4. South Africa11.3.5. Egypt11.3.6. Morocco11.3.7. Nigeria11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada11.4.2. Mexico11.4.3. United States
11.5. Latin America
11.5.1. Argentina11.5.2. Brazil11.5.3. Rest of Latin America
12. Company Profile
12.1. Conagra Brands, Inc.
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Danone
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. General Mills, Inc.
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Grupo Bimbo
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Mars, Incorporated
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Nestle
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. PepsiCo
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. The Kellogg Company
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. The Kraft Heinz Company
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Unilever
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Snacks Market CAGR of 4.49% during the forecast period.
Snacks Market size is USD 1122.68 billion from 2025 to 2034.
Snacks Market is projected to reach USD 1122.68 billion by 2034, growing at a CAGR of 4.49% during the forecast period.
Snacks Market grew in Market size from 2025. The Market is expected to reach USD 1122.68 billion by 2034, at a CAGR of 4.49% during the forecast period.
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Snacks Market is covered By Product, By Packaging, By Distribution Channel.
The North America is anticipated to have the highest Market share in the Snacks Market.
The key players in the Market include Companies Covered General Mills, Inc., PepsiCo, the Kraft Heinz Company, Nestle, the Kellogg Company, Unilever, Conagra Brands, Inc., Grupo Bimbo, Danone, Mars, Inc. and others.
The business is changing as a result of consumers' increasing desire for functional and healthful snacks including protein bars, almonds, and organic choices. Urbanization, hectic schedules, and the growth of retail channels, especially e-commerce, are important drivers.
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