Snack Products Market, by Product Type (Chocolate, Fresh Fruits and Vegetables, Cookies and Biscuits, Bread and Sandwiches, Yogurt, Cheese, Chips and Crisps, Nuts and Seeds, Ice Cream, and Others), and by Distribution Channel (Hypermarket, Supermarket, Convenience Stores, Specialty Stores, Online Channel, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Snack products are defined as a portion of food, which is smaller than a regular meal and is consumed between the meals. Increasing demand for packaged and ready to eat food products, owing to busy schedule of the consumers is fueling global growth of the snack products market. Furthermore, portability of food products and innovation in flavors are the factors propelling the demand for snack products market worldwide. For instance, in 2014, PepsiCo Inc. had launched crushed salt & vinegar flavored Smith’s in New Zealand and Australia and hot chili and spicy seafood flavors in Thailand under the Lay’s brand.

However, high cost of the raw materials including butter, whole milk powder, and cocoa butter is hampering the market growth. According to the UN Food and Agricultural Organization, international butter price recorded a substantial hike in June 2017.

Snack Products Market Taxonomy

Based on the product type, snack products market is segmented into:

  • Chocolate
  • Fresh fruits and Vegetables
  • Cookies and Biscuits
  • Bread and Sandwiches
  • Yogurt
  • Cheese
  • Chips and Crisps
  • Nuts and Seeds
  • Ice cream
  • Others

Based on the distribution channel, snack products market is segmented into:

  • Supermarket
  • Hypermarket
  • Convenience Store
  • Specialty Stores
  • Online Channel
  • Others

Among the product type, fresh fruits and vegetables segment dominated the global snack products market in 2016, owing to the increasing health awareness among the consumers. Furthermore, among distribution channel, hypermarket contributed the largest share in the global snack products market in 2016. This is attributed to the wide range availability of products in hypermarket with various discount offers.

Snack Products Market Outlook

  • In 2016, North America dominated the snack food products market, with the S. being the major contributor. Owing to the increasing adoption of healthy lifestyle there is a growing demand for nutritious grade of snacks such as fresh fruits & vegetables and nuts & seeds in the region. However, most of the snack products such as chocolate, bakery products, and ice cream often are associated with high sugar and carbohydrate content and high consumption of these snacks is resulting in the increasing prevalence of obesity. According to Centers for Disease Control and Prevention (CDC), during 2011 - 2014, the prevalence of obesity was recorded approximately 36.5% among the U.S. adults. This high obese population in the region is fuelling the demand for low carb snacks, which in turn is supporting the overall growth of snack products market as well. Further, increasing imports of snack food products in Canada is another factor aiding to the growth of the market. According to the Alberta Agriculture and Forestry, the total import of Canada’s snack food products had grown from US$ 384.6 Mn in 2010 to US$ 674.2 Mn in 2014.
  • Asia Pacific is anticipated to record the fastest growth in the global snack products market. Increasing adoption for on the go food products, growing snack food industry, and distribution channel are some of the key drivers for the growth of snack products market. For instance, leading economies such as China and India are expected to witness a CAGR of over 10% and 15% in the snacks products over the forecast period. Furthermore, in India, growing demand for conventional snacks has generated high sales for local companies such as Balaji Wafers, DFM Foods, and Bikanervala. Moreover, growing retail channel is further playing a key role in market growth. For instance, in Singapore, among distribution channel, hypermarket segment witnessed the fastest growth in 2015 and growing presence of various supermarkets such as FairPrice and Cold Storage in the country and entry of new player, Big Box in 2014 is further expected to increase market penetration and drive the market.

Major players are adopting various strategies such as merger and acquisitions and product development to sustain high competitive front of this market. For instance, in 2012, Kellogg Company entered into the snack products market by acquiring Pringles for US$ 2.69 Bn.

The major players operating in snack products market include 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.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.