Industry Background:
The global specialty snacks market is expected to witness high demand in the forecasted period due to the new trend of a healthy lifestyle, modern consumers seek simpler and healthy formulations, flavors, and diet formats. Snack food has emerged as an alternative to full-fledged meals with the paradigm shift in consumer behavior patterns. Owing to the numerous health benefits associated with nuts and seeds, it is a popular and healthy snacking option for consumers. Tree nuts, such as almonds, hazelnuts, cashew nuts, walnuts, and pistachios, as well as seeds, such as chia seeds and flaxseeds, are nutrient-dense foods, each with a unique composition.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | The Kraft Heinz Company (United States), Conagra Brands Inc. (United States), General Mill, Inc.(United States), Kellogg Company (United States), Pepsi Co. (United States), Nestle SA (Switzerland), Mars Incorporated (United States), Blue Diamond Growers (United States), Calbee, Inc. (Japan) and Diamond Foods, LLC (United States) |
According to AMA, the market for Specialty Snack is expected to register a CAGR of 6.0% during the forecast period to 2027. This growth is primarily driven by The increasing number of independent working women, High consumption of ready-to-eat food and The increased willingness to spend on such food.
Globally, a noticeable market trend is evident The growing double-income families and nuclear families
The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as The Kraft Heinz Company (United States), Conagra Brands Inc. (United States), General Mill, Inc.(United States), Kellogg Company (United States), Pepsi Co. (United States), Nestle SA (Switzerland), Mars Incorporated (United States), Blue Diamond Growers (United States), Calbee, Inc. (Japan) and Diamond Foods, LLC (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global especially snacks market is a consolidated market with few major players. Small players are also coming up with innovations and new product launches to make their mark in the competition. Major players are expanding their geographical reach and product portfolio to maintain as the market leaders.
Influencing Trend:
The growing double-income families and nuclear families and The increasing demand for on the go convenience foods
Market Growth Drivers:
The increasing number of independent working women, High consumption of ready-to-eat food and The increased willingness to spend on such food
Restraints:
The Stringent government regulation Associated with Food Products
Opportunities:
Changing food consumption behavior among consumers and Innovative products in functional ingredients, convenience, and organic foods and advancement in areas of packaging technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Specialty Snack Market
- Analysis about New Entrants in Specialty Snack Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Specialty Snack Study Sheds Light on
The Specialty Snack Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Specialty Snack industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Specialty Snack industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.