Industry Background:
A pretzel is a type of baked bread product made from dough, which is most commonly formed into a twisted knot. The traditional pretzel has a distinctive symmetrical shape wherein the ends of a long strip of dough are thereby intertwined and then are twisted back on themselves in a very specific way. Nowadays, pretzels come in different shapes. For the global market for packaged pretzels, high demand is expected in the forecasted period due to the increasing demand for convenience snacks.
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 | Conagra Brands, Inc. (United States), Auntie Anne's, Inc. (United States), PepsiCo (United States), Herr Foods Inc.(United Kingdom), J&J SNACK FOODS CORP (United States), Mars, Incorporated (US)Conagra Brands, Inc. (United States), Auntie Anne's, Inc. (United States), PepsiCo (United States), J&J SNACK FOODS CORP (United States) and Nestle S.A. (Switzerland) |
According to AMA, the market for Packaged Pretzels is expected to register a CAGR of 3.4% during the forecast period to 2027. This growth is primarily driven by Increasing Product Preference While Consuming Beverages and Growth of the Organized Retail Sector in Developing Countries.
Globally, a noticeable market trend is evident The Growing Popularity of Convenience Snacking Among Consumers
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 Conagra Brands, Inc. (United States), Auntie Anne's, Inc. (United States), PepsiCo (United States), Herr Foods Inc.(United Kingdom), J&J SNACK FOODS CORP (United States), Mars, Incorporated (US)Conagra Brands, Inc. (United States), Auntie Anne's, Inc. (United States), PepsiCo (United States), J&J SNACK FOODS CORP (United States) and Nestle S.A. (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Regulatory Insights:
The labelling requirements for packaged commodities in India are governed under the Legal Metrology Act, 2009 and the Legal Metrology (Packaged Commodities) Rules, 2011. Labelling of food products is governed under the Food Safety and Standards Act, 2006 and the Food Safety and Standards (Packaging and Labelling) Regulations, 2011. The labelling requirements for packaged commodities in India are governed under the Legal Metrology Act, 2009 and the Legal Metrology (Packaged Commodities) Rules, 2011. Labelling of food products is governed under the Food Safety and Standards Act, 2006 and the Food Safety and Standards (Packaging and Labelling) Regulations, 2011.
Influencing Trend:
The Growing Popularity of Convenience Snacking Among Consumers and Rapidly Changing Tastes and Preferences of the Consumers
Market Growth Drivers:
Increasing Product Preference While Consuming Beverages and Growth of the Organized Retail Sector in Developing Countries
Challenges:
The Stringent Government Regulation Regarding Food Products
Restraints:
The Concern Regarding Intense Competition from Other Food Snacks
Opportunities:
The Rising Demand from the Developing Countries and The Introduction of New Products-Such As Frozen Pretzels
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 Packaged Pretzels Market
- Analysis about New Entrants in Packaged Pretzels 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, Packaged Pretzels Study Sheds Light on
The Packaged Pretzels Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Packaged Pretzels industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Packaged Pretzels 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.