What is Processed Snacks Market?
A processed snack is altered from its original form through cooking, drying, salting, freezing, smoking, pickling, canning, baking, or drying during preparation. Growth in imports and exports of processed snacks along with increasing support sectors are further fuelling the market growth. In addition, key players are looking to improve their supply chain by maintaining relationships with the retailers.
The market study is being classified by Type (Extruded Snacks, Tortilla Chips, Pork Scratchings and Other), by Application (Sweet snacks and Savory snacks) and major geographies with country level break-up.
Calbee Inc. (Japan), Intersnack Group (Germany), Kellogg (United States), PepsiCo (United States), General Mills (United States), Aviko (The Netherlands), Lamb Weston (United States), Hormel Foods (United States), Tyson Foods (United States), Axium Foods inc. (United States), Want Want Holdings (Taiwan), JFC International (United States), Aperitivos Flaper (Spain) and Mondelez International (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Amica Chips (Italy), Sonal Foods (India), Bag Snacks (Italy), Universal Robina (Philippines) and Oberto Sausage (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Processed Snacks market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Processed Snacks market by Type, Application and Region.
On the basis of geography, the market of Processed Snacks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Population Coupled with Increasing Per Capita Food Consumption in Developing Countries
Market Trend
- Adopting New Technologies Supply Chain Intelligence and Analytics
- Increasing Demand of Healthy Snack
Restraints
- Growing Health Concerns Among Consumers Worldwide
Opportunities
- Increasing Focus on Cost Effective Production with Stability and Robustness
- Key Players are Focusing in the Production of High-Protein Snacks with Low Calorie Content
Challenges
- Fluctuations in Raw-Material Costs
Market Leaders and some development strategies
In October 2018, Calbee Inc. acquired Seabrook Crisps limited. Through the acquisition of Seabrook brand in the main potato chips category, company aim to strengthen Calbee business in the Uited Kingdom snack market and further expand the Calbee Group business in Europe.